Union Pacific (UNP) reported Q4 EPS of $2.67, $0.11 worse than the analyst estimate of $2.78. Revenue for the quarter came in at $6.2 billion versus the consensus estimate of $6.31 billion.
2023 Guidance
- Full year carloads to exceed Industrial Production
- Current Industrial Production forecast: -0.5%
- Full year operating ratio improvement
- Pricing dollars in excess of inflation dollars
- Capital Allocation:
- Capital spending less than 15% of revenue
- Capital plan of $3.6 billion
- Long term dividend payout target of ~45% of earnings
- Excess cash to share repurchases
- Capital spending less than 15% of revenue