Union Pacific (UNP)
Freight railroad linking western U.S. industries, ports, borders, and inland markets.
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Moves bulk commodities, industrial freight, automobiles, and intermodal containers across the western United States, earning mainly from freight transportation and related fuel surcharges. Its integrated network links Pacific and Gulf ports with inland markets, Mexico gateways, Canadian rail connections, and eastern interchange points.
Moves agricultural products, coal and renewables, chemicals, plastics, metals, forest products, energy commodities, automobiles, and intermodal containers across a freight network spanning 23 western states. Bulk, Industrial, and Premium are the main commodity groups, while the railroad is reported as one integrated operating segment.
Connects Pacific and Gulf Coast ports with Midwest and eastern gateways, reaches every major Mexico rail gateway, and links with Canadian carriers. Coordinated schedules, interchanges, inland terminals, and vehicle distribution centers move freight through a single western network. Operations emphasize safety, service consistency, asset productivity, and maintaining spare capacity for weather and demand swings.
Revenue depends on shipment volumes, pricing, fuel surcharges, trade flows, harvests, industrial activity, and competition from railroads and trucks. Rail operations are regulated by the Surface Transportation Board and Federal Railroad Administration; the proposed Norfolk Southern combination remains under STB review.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 16, 2026 | UBS | Upgrade | Target: $310 | Target: $339 |
| Sep 16, 2026 | RBC Capital | Upgrade | ||
| Jul 27, 2026 | Robert W. Baird | Target | Target: $311 | Target: $344 |
| Jul 24, 2026 | RBC Capital | Reiterate | Rating: —Target: $289 | Target: $339 |
| Jul 24, 2026 | UBS | Reiterate | Rating: —Target: $274 | Target: $310 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.11B · Total debt $31.17B · Total assets $71.21B · Shareholders' equity $20.67B
- Revenue
- $6.86B
- Operating income
- $2.76B
- Net income
- $1.99B
HistoryDividendAnnual yield
| Institutions | 89.79% | 533.44M shares | |
|---|---|---|---|
| 2,969 holders · as of Jun 30, 2026 | |||
| Insiders | 0.11% | 649.3K shares | |
| 11 holders · as of Sep 11, 2026 | |||
| Other | 10.10% | 59.99M shares | |
| remainder | |||
594.08M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.06% | 47.89M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.53% | 38.77M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.69% | 27.89M | as of Jun 30, 2026 |
Capital World InvestorsInstitution | 4.57% | 27.14M | as of Jun 30, 2026 |
Capital Research Global InvestorsInstitution | 2.88% | 17.11M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 3, 2026 | Eric J. Gehringer | officer: EVP OPERATIONS | −2,991 | $263.96 |
| Apr 24, 2026 | Kenyatta G. Rocker | officer: EVP MARKETING & SALES | −11,856 | $271.76 |
| Apr 24, 2026 | Jennifer L. Hamann | officer: EVP & CHIEF FINANCIAL OFFICER | −2,000 | $274.70 |
| Mar 20, 2026 | Eric J. Gehringer | officer: EVP OPERATIONS | −1,999 | $234.93 |
- Norfolk Southern
Dominant eastern US Class I; contests every UNP transcontinental gateway.
- Canadian Pacific Kansas City
Only single-line Canada–US–Mexico railroad; challenges UNP's Mexico corridor.
- J.B. Hunt
Largest US intermodal marketer; competes with UNP's Premium segment directly.
- CSX
Eastern Class I rail; contests UNP at every transcontinental interchange.
- Canadian National Railway
Three-coast network; competes at UNP's Chicago and Pacific Northwest gateways.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Union Pacific | $271.68 | +0.76% | $160.18B | 21.8 | 20.1 | 6.3 | +11.5% |
| Norfolk Southern | $311.55 | +0.80% | $69.42B | 26.4 | 22.8 | 5.5 | +12.5% |
| Canadian Pacific Kansas City | $87.77 | +1.11% | $76.31B | 28.3 | 23.7 | 6.9 | +7.9% |
| J.B. Hunt | $237.69 | +0.65% | $22.18B | 33.5 | 27.6 | 1.7 | +19.4% |
| CSX | $46.11 | +0.25% | $85.20B | 26.6 | 21.5 | 5.9 | +10.1% |
| Canadian National Railway | $119.08 | +1.34% | $71.08B | 21.2 | 20.9 | 5.6 | +6.7% |
| Median | 26.6 | 22.8 | 5.6 | +10.1% |