Union Pacific Reports First Quarter 2021 Results

OMAHA, Neb., April 22, 2021

"The first quarter presented some real challenges that impacted our results, but the team did a great job managing the business," said Lance Fritz, Union Pacific chairman, president, and chief executive officer. "We generated solid productivity through efficient use of our resources despite the significant weather event that covered most of our network in February and early March. I am particularly proud of the women and men of Union Pacific who rolled up their sleeves and kept the network safe, efficient and stable. Looking to the rest of the year, an improving economic outlook, our continued commitment to value based pricing that exceeds inflation and the opportunity for strong productivity give us confidence to affirm our 2021 guidance."

First Quarter Summary
Operating revenue of $5.0 billion was down 4% in first quarter 2021 compared to first quarter 2020. First quarter business volumes, as measured by total revenue carloads, decreased 1% compared to 2020 driven by declines in industrial and bulk shipments, partially offset by strength in premium carloads. In addition, for the first quarter 2021 compared to 2020:

• Quarterly freight revenue declined 5%, as core pricing gains were more than offset by a less favorable business mix, decreased fuel surcharge revenue, and volume declines.
• Union Pacific's 60.1% operating ratio increased 110 basis points, negatively impacted by weather and rising fuel prices in the quarter.

	Operating Ratio	Earnings Per ARIVA.DE Börsen-Geflüster Kurse Union Pacific Corp. 242,79 $ -0,31% Diluted Share
First Quarter 2020	59.0%	$2.15
Weather Impact	(1.6) pts	($0.16)
Fuel Impact	(1.0) pts	($0.11)
Core Results	1.5 pts	$0.12
First Quarter 2021	60.1%	$2.00

• Union Pacific's reportable personal injury rate was 0.85 per 200,000 employee-hours compared to 0.80 for first quarter 2020.
• Fuel consumption rate, measured in gallons of fuel per thousand gross ton-miles (GTMs), was flat.
• Quarterly freight car velocity was 209 daily miles per car, a 1% decline.
• Quarterly locomotive productivity was 138 gross ton-miles per horsepower day, a 5% improvement.
• Quarterly workforce productivity was 1,002 car miles per employee, a 12% improvement.
• Average maximum train length was 9,247 feet, a 10% increase.
• The company repurchased 6.7 million shares in first quarter 2021 at an aggregate cost of $1.4 billion.

Summary of First Quarter Freight Revenues

• Bulk down 1%
• Industrial down 13%
• Premium up 2%

2021 Outlook
"During the quarter our service product and lower cost structure enabled us to win new business and develop opportunities to grow," Fritz said. "There are many more growth opportunities to capture by also helping our customers efficiently and reliably reduce the carbon intensity of their supply chains. When we add improved safety results, we create strong value for all of our stakeholders."

First Quarter 2021 Earnings Conference Call
Union Pacific will webcast its first quarter 2021 earnings release presentation live at www.up.com/investor and via teleconference on Thursday, April 22, 2021, at 8:45 a.m. Eastern Time. Participants may join the conference call by dialing 877-407-8293 (or for international participants, 201-689-8349).

ABOUT UNION PACIFIC
Union Pacific (NYSE: UNP) delivers the goods families and businesses use every day with safe, reliable and efficient service. Operating in 23 western states, the company connects its customers and communities to the global economy. Trains are the most environmentally responsible way to move freight, helping Union Pacific protect future generations. More information about Union Pacific is available at www.up.com.

Supplemental financial information is attached.

This news release and related materials contain statements about the Company's future that are not statements of historical fact, including specifically the statements regarding the Company's expectations with respect to economic conditions and demand levels, its ability to improve network performance, its results of operations, and potential impacts of the COVID-19 pandemic. These statements are, or will be, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements also generally include, without limitation, information or statements regarding: projections, predictions, expectations, estimates, or forecasts as to the Company's and its subsidiaries' business, financial, and operational results, and future economic performance; and management's beliefs, expectations, goals, and objectives and other similar expressions concerning matters that are not historical facts.

Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times that, or by which, such performance or results will be achieved. Forward-looking information, including expectations regarding operational and financial improvements and the Company's future performance or results are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statement. Important factors, including risk factors, could affect the Company's and its subsidiaries' future results and could cause those results or other outcomes to differ materially from those expressed or implied in the forward-looking statements. Information regarding risk factors and other cautionary information are available in the Company's Annual Report on Form 10-K for 2020, which was filed with the SEC on February 5, 2021. The Company updates information regarding risk factors if circumstances require such updates in its periodic reports on Form 10-Q and its subsequent Annual Reports on Form 10-K (or such other reports that may be filed with the SEC).

Forward-looking statements speak only as of, and are based only upon information available on, the date the statements were made. The Company assumes no obligation to update forward-looking information to reflect actual results, changes in assumptions, or changes in other factors affecting forward-looking information. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References to our website are provided for convenience and, therefore, information on or available through the website is not, and should not be deemed to be, incorporated by reference herein.

UNION PACIFIC CORPORATION AND SUBSIDIARY COMPANIES
Condensed Consolidated Statements of Income (unaudited)
Millions, Except Per Share Amounts and Percentages,	1st Quarter
For the Periods Ended March 31,	2021		2020		%
Operating Revenues
Freight revenues	$	4,649	$	4,880	(5)	%
Other		352		349	1
Total operating revenues		5,001		5,229	(4)
Operating Expenses
Compensation and benefits		1,026		1,059	(3)
Depreciation		549		547	-
Purchased services and materials		490		521	(6)
Fuel		411		434	(5)
Equipment and other rents		212		227	(7)
Other		320		298	7
Total operating expenses		3,008		3,086	(3)
Operating Income		1,993		2,143	(7)
Other income, net		51		53	(4)
Interest expense		(290)		(278)	4 Werbung Mehr Nachrichten zur Union Pacific Corp. Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 26.04.24 - PR Newswire Third Point Investors Ltd - Notice of Annual General Meeting 26.04.24 - PR Newswire Datang Intnl Pwr Gen - CHANGE OF JOINT COMPANY SECRETARY ANNOUNCEMENT 26.04.24 - PR Newswire Samson Rock Capital LLP - Form 8.3 - TClarke Plc Sehen Sie sich dieses Unternehmen an:    Foto: andreas160578 - Pixabay Rasanter Aufstieg, Branchenrevolution und Jahresumsatz von 50 Mio. $ weiterlesen» Anzeige wo-site-teaser-box-16764_site-teaser-box_2024-04-26_09%253A00%253A00_2024-04-27_09%253A00%253A59