Union Pacific Corporation (UNP) Stock Price & Analysis
Union Pacific Corporation (UNP) closed at USD 298.09 on Thursday, October 22, 2026, up 3.55% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 287.87; the Oct 22, 2026 session ranged USD 278.59–299.38 on volume of 4,989,547 shares. Market capitalization is $177.09B, with a 52-week range of USD 215.53–315.99 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 08:36 UTC.
Also available as compact Markdown for AI agents: nexqual.com/UNP.md
Latest Earnings Results (UNP)
Union Pacific Corporation (UNP) reported Q3 2026 results on Oct 22, 2026, 7:46:52 AM ET: adjusted EPS $3.53 vs. estimate $3.48 (beat), revenue $7.20B vs. estimate $7.13B (beat). Guidance: Affirmed high-single digit reported EPS growth and high-single to low-double digit 3-year CAGR target through 2027. Source: SEC 8-K filing. Nexqual published it 68 seconds after release. Read the SEC filing.
| Fiscal period | EPS (reported) | Revenue | Released | Source |
|---|---|---|---|---|
| Q3 2026 | $3.53 (adjusted (non-GAAP) diluted) | $7.20B | Oct 22, 2026, 7:46:52 AM ET · on Nexqual +68 seconds | SEC 8-K filing |
Reported actuals captured by Nexqual from SEC 8-K filings and company press releases; each figure confirmed by two independent extraction methods.
Key facts (UNP)
- Last four reported quarters (through Jun 30, 2026): revenue $25.4B, net income $7.33B (28.8% margin), free cash flow $6.50B (SEC filings).
- Valuation: P/E 24.2x (avg 21.1x at the last 3 fiscal year-ends), EV/EBITDA 16.1x, net debt $27.4B.
- 11 of 80 tracked superinvestors hold UNP (13F, Q2 2026): 1 new, 3 added, 4 reduced, 3 unchanged.
- Analysts: Buy (mean 2.24 on a 1–5 scale) (25 analysts), mean target USD 328.78 (range 245–375).
- Total return with dividends: 1Y +38.3% vs S&P 500 +14.9%; 5Y +40.4% vs S&P 500 +80.3%.
- Next earnings: 2026-10-22, EPS estimate USD 3.3, revenue estimate $7.09B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (UNP)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $21.8B | $24.9B | $24.1B | $24.3B | $24.5B | $25.4B |
| Operating income | $9.34B | $9.92B | $9.08B | $9.71B | $9.85B | $10.2B |
| Net income | $6.52B | $7.00B | $6.38B | $6.75B | $7.14B | $7.33B |
| EPS (diluted) | $9.95 | $11.21 | $10.45 | $11.09 | $11.98 | — |
| Free cash flow | $6.10B | $5.74B | $4.77B | $5.89B | $5.50B | $6.50B |
| Operating margin | 42.8% | 39.9% | 37.7% | 40.1% | 40.2% | 40.0% |
| Net margin | 29.9% | 28.1% | 26.4% | 27.8% | 29.1% | 28.8% |
| Revenue growth | +11.6% | +14.1% | -3.0% | +0.5% | +1.1% | — |
| Cash + short-term investments | $960M | $973M | $1.05B | $1.02B | $1.27B | — |
| Total debt | $30.1B | $33.5B | $32.6B | $31.2B | $31.8B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (UNP)
P/E 24.2x · P/S 7.0x · EV/EBITDA 16.1x · EV/Sales 8.1x · P/FCF 27.2x · P/B 8.6x · FCF yield 3.67% · Earnings yield 4.14% · Dividend yield (paid, TTM) 1.85% · Buyback yield (TTM) 0.01% · Net debt $27.4B · EV $205B
P/E at fiscal year-ends: Dec 2025 19.3x, Dec 2024 20.6x, Dec 2023 23.5x.
Superinvestors (SEC 13F-HR, Q2 2026) (UNP)
11 of 80 tracked investors hold UNP. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Seth Klarman | Baupost Group | 5.95% | $322M | Reduced -23.1% |
| Daniel Loeb | Third Point | 2.05% | $95.2M | Added +250.0% |
| Viking Global | Viking Global Investors | 1.59% | $557M | New position |
| Bill Nygren | Oakmark Funds | 1.39% | $1.05B | Added +1.6% |
| Tweedy Browne | 0.40% | $5.2M | Unchanged | |
| Thomas Gayner | Markel Group | 0.33% | $43.8M | Added +7.2% |
| Thomas Russo | Gardner Russo & Quinn | 0.08% | $7.0M | Reduced -6.5% |
| Dodge & Cox Funds | Dodge & Cox | 0.04% | $71.0M | Reduced -0.0% |
| Torray Funds | 0.03% | $231K | Unchanged | |
| Greenhaven Associates | 0.01% | $553K | Unchanged | |
| Mairs & Power | Mairs & Power Funds | 0.01% | $929K | Reduced -18.5% |
Analysts (UNP)
Consensus Buy (mean 2.24 on a 1–5 scale), 25 analysts; mean target USD 328.78 (low 245, high 375).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-07 | Citigroup | Target lowered | Buy | $349 → $338 |
| 2026-10-05 | JP Morgan | Target lowered | Neutral | $334 → $322 |
| 2026-10-02 | Susquehanna | Target lowered | Positive | $345 → $333 |
| 2026-09-16 | UBS | Upgrade | Neutral → Buy | $310 → $339 |
| 2026-07-27 | Baird | Target raised | Outperform | $311 → $344 |
| 2026-07-25 | UBS | Target raised | Neutral | $286 → $310 |
| 2026-07-24 | Citigroup | Target raised | Buy | $326 → $349 |
| 2026-07-24 | BMO Capital | Target raised | Market Perform | $285 → $320 |
| 2026-07-24 | JP Morgan | Target raised | Neutral | $304 → $334 |
| 2026-07-24 | TD Cowen | Target raised | Buy | $282 → $325 |
| 2026-07-24 | RBC Capital | Target raised | Outperform | $289 → $339 |
| 2026-07-24 | Barclays | Target raised | Overweight | $315 → $350 |
Total return (dividends reinvested) (UNP)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +38.3% | +40.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +38.5% | +7.0% |
| Volatility (annualized) | 22.4% | 22.1% |
| Max drawdown | -12.8% (Aug 2026→Sep 2026) | -29.5% (Mar 2022→Oct 2022) |
UNP revenue by product line (quarter ended Sep 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Freight revenues | $6.81B | 94.7% | +14.9% |
| — Industrial (part of Freight revenues) | $2.51B | 34.9% | +14.4% |
| — Premium (part of Freight revenues) | $2.19B | 30.4% | +21.4% |
| — Bulk (part of Freight revenues) | $2.12B | 29.4% | +9.6% |
| Other revenues | $384.0M | 5.3% | +21.1% |
| — Other subsidiary revenues (part of Other revenues) | $201.0M | 2.8% | +16.9% |
| — Accessorial revenues (part of Other revenues) | $157.0M | 2.2% | +26.6% |
| — Other (part of Other revenues) | $26.0M | 0.4% | +23.8% |
| Total revenue | $7.20B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
UNP suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | NORFOLK SOUTHERN CORP (NSC) | “The Company and Norfolk Southern are each subject to business uncertainties and contractual restrictions while the mergers are pending, which could adversely affect both our business and operations and the combined company's business and operations — In connection with the pendency of the mergers, some customers, suppliers, and other persons with whom the Company or Norfolk Southern has a business relationship hav…” |
Quoted from the company's 10-K filed Feb 6, 2026.
Companies that name UNP in their SEC reports
| Relationship to UNP | Company | Filing | Sentence |
|---|---|---|---|
| partner | NORFOLK SOUTHERN CORP (NSC) | 10-K Feb 9, 2026 | “On July 28, 2025, we entered into a Merger Agreement with Union Pacific, marking a transformational step toward creating America's first transcontinental railroad—an outcome we believe will unlock new opportunities for our customers, employees, and the broader U.S. economy.” |
UNP analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $3.30 | $3.28 | +0.5% | $7.09B | 20 |
| Next quarter (ends Mar 2027) | $3.22 | $3.21 | +0.4% | $6.80B | 11 |
| Current fiscal year (ends Dec 2026) | $13.15 | $13.05 | +0.7% | $27.28B | 22 |
| Next fiscal year (ends Dec 2027) | $14.32 | $14.12 | +1.5% | $28.73B | 22 |
UNP options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 24.2% | ±2.9% |
| Nov 6, 2026 | 14 | 23.1% | ±3.8% |
| Nov 13, 2026 | 21 | 22.7% | ±4.5% |
| Nov 20, 2026 | 28 | 20.7% | ±4.7% |
| Nov 27, 2026 | 35 | 19.3% | ±4.9% |
| Dec 4, 2026 | 42 | 20.8% | ±5.9% |
| Dec 18, 2026 | 56 | 21.4% | ±6.8% |
| Jan 15, 2027 | 84 | 20.8% | ±8.1% |
30-day implied volatility 21.2% vs 19.3% realized over the last 30 trading days. Put/call ratio (volume) 0.74. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 08:36 UTC)
| Price | USD 298.09 |
|---|---|
| Change | ▲ 3.55% (up) |
| Previous Close | USD 287.87 |
| Open | USD 280.1 |
| Day Range | USD 278.59 – 299.38 |
| 52-Week Range | USD 215.53 – 315.99 |
| Volume | 4,989,547 shares |
| Market Cap | $177.09B |
| Exchange | NYQ |
Technical Analysis (UNP)
Nexqual's technical model rates UNP "BUY" based on 5 bullish and 3 bearish signals across 127 daily candles, as of October 23, 2026 at 08:36 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 70.81 (overbought) |
| vs SMA50 | Above (USD 287.52) |
| MACD | 2.21 (positive) |
Analyst Ratings (UNP)
Wall Street analysts rate UNP "Buy" based on 25 analysts, with a mean price target of USD 328.78 (range USD 245–375), per Nexqual as of October 23, 2026 at 08:36 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 25 |
| Mean Target | USD 328.78 |
| High Target | USD 375 |
| Low Target | USD 245 |
| Buy / Hold / Sell | 18 / 6 / 1 |
Earnings (UNP)
| Next Earnings Date | 2026-10-22 |
|---|---|
| EPS Estimate | USD 3.3 |
| Revenue Estimate | $7.09B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 3.53 vs est 3.48 ▲ beat |
| 2026-06-30 | USD 3.41 vs est 3.24 ▲ beat |
| 2026-03-31 | USD 2.93 vs est 2.86 ▲ beat |
| 2025-12-31 | USD 2.86 vs est 2.87 ▼ miss |
Source: Nexqual, October 23, 2026 at 08:36 UTC.
Financials & Fundamentals (UNP)
| Total Revenue | $25.41B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +11.50% |
| Gross Margin | +56.28% |
| Operating Margin | +40.98% |
| Profit Margin | +28.85% |
| ROE | +39.70% |
| Debt / Equity | 1.51 |
| Current Ratio | 0.99 |
| Total Cash | $2.11B |
| Total Debt | $31.17B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $6.50B (25.6% of revenue) |
Source: Nexqual, October 23, 2026 at 08:36 UTC.
Financial Health Score (UNP)
Nexqual rates Union Pacific Corporation's overall financial health "Solid" across five dimensions, as of October 23, 2026 at 08:36 UTC.
| Growth | Mixed — Revenue +1.1% YoY (annual), slow |
|---|---|
| Profitability | Strong — Gross margin 56%, operating 41% (last 12 months) |
| Balance Sheet | Critical — $1.61B cash and investments vs $29.0B debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $6.50B (last 4 quarters to Jun 2026, SEC), 26% margin |
| Efficiency | Strong — ROE 40%, ROA 9.3% |
Ownership (UNP)
| Insider Ownership | +0.07% |
|---|---|
| Institutional Ownership | +91.45% |
| Shares Outstanding | 594.08M |
| Float | 592.73M |
| Short % of Float | +5.20% |
Source: Nexqual, October 23, 2026 at 08:36 UTC.
Leadership (UNP)
Union Pacific Corporation is led by Vincenzo James Vena, CEO & Director, per Nexqual as of October 23, 2026 at 08:36 UTC.
| CEO & Director | Vincenzo James Vena |
|---|---|
| Executive VP & CFO | Jennifer L. Hamann |
| Executive Vice President of Marketing & Sales | Kenny G. Rocker |
| Executive Vice President of Operations | Eric J. Gehringer |
| Senior Vice President of Administration | Rebecca B. Gregory |
Major Backers & Investors (UNP)
Notable institutional backers of Union Pacific Corporation include Capital Group, JPMorgan, Morgan Stanley, according to Nexqual as of October 23, 2026 at 08:36 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Capital Group | 7.45% |
| JPMorgan | 2.64% |
| Morgan Stanley | 2.45% |
| Bank of America Corporation | 2.45% |
| AMERICAN BALANCED FUND | 1.67% |
| Fidelity | 1.3% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 8.93% |
| BlackRock | 8.06% |
| State Street | 4.69% |
| Geode Capital | 2.71% |
Source: Nexqual, October 23, 2026 at 08:36 UTC.
From Union Pacific Corporation's Latest SEC 10-K Filing (filed 2026-02-06)
Key Strengths & Strategy (as disclosed to the SEC)
- We are the largest automotive carrier west of the Mississippi River and operate or access more than 40 vehicle distribution centers.
Legal & Regulatory Risks (Item 1A, quoted)
- Compliance with laws or regulations related to climate change, along with defending and resolving legal claims and other litigation, could have a material adverse effect on our results of operations, financial condition, and liquidity.
- Our efforts to achieve emission reduction targets or aspirations could significantly increase our operational costs and capital expenditures.
- Our business, financial condition, and results of operations have been adversely affected, and in the future, could be materially adversely affected by pandemics or other public health crises – Pandemics, epidemics, and other outbreaks of disease can have significant and widespread impacts.
- The mergers are subject to conditions, some or all of which may not be satisfied or completed on a timely basis, if at all.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| CSX | CSX Corporation | USD 51.67 | ▲ 6.76% |
| CP | Canadian Pacific Kansas City Li | USD 90.62 | ▲ 2.86% |
| CNI | Canadian National Railway Compa | USD 124.93 | ▲ 2.36% |
| NSC | Norfolk Southern Corporation | USD 338.23 | ▲ 3.09% |
| WAB | Westinghouse Air Brake Technolo | USD 276.47 | ▼ 4.32% |
| TRN | Trinity Industries, Inc. | USD 25.82 | ▲ 2.34% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 08:36 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt