Company facts
- Industry
- Railroads, Line-Haul Operating
- Headquarters
- Atlanta, Georgia
- Most recent report
- 10-Q, filed Oct 22, 2026
- Incorporated
- Virginia
- Filings on record
- 1,005+ filings
- On EDGAR
- CIK 702165
- Fiscal year ends
- December
- Filer status
- Large accelerated filer
Financials 8 of 24
News 8 of 79
Prospectuses and Registrations 8 of 26
- 424B5 Prospectus supplement for an offering Apr 29, 2025
- FWP Free writing prospectus Apr 28, 2025
- 424B5 Prospectus supplement for an offering Apr 28, 2025
- S-3ASR Automatic shelf registration Dec 20, 2023
- 424B5 Prospectus supplement for an offering Nov 21, 2023
- FWP Free writing prospectus Nov 20, 2023
- 424B5 Prospectus supplement for an offering Nov 20, 2023
- 424B5 Prospectus supplement for an offering Aug 1, 2023
Proxies 8 of 100
- DEFA14A Extra proxy material Mar 27, 2026
- DEF 14A Proxy statement for a shareholder vote Mar 27, 2026
- DEFM14A Oct 1, 2025
- DEFA14A Extra proxy material Apr 18, 2025
- DEFA14A Extra proxy material Mar 28, 2025
- DEF 14A Proxy statement for a shareholder vote Mar 28, 2025
- PX14A6G Shareholder's own proxy material May 9, 2024
- PX14A6G Shareholder's own proxy material May 9, 2024
Ownership 8 of 609
- 4 Insider reported a trade Oct 26, 2026
- 4 Insider reported a trade Oct 26, 2026
- 4 Insider reported a trade Oct 9, 2026
- 4 Insider reported a trade Oct 2, 2026
- 4 Insider reported a trade Oct 2, 2026
- 4 Insider reported a trade Sep 15, 2026
- 4 Insider reported a trade Aug 24, 2026
- 4 Insider reported a trade Aug 24, 2026
Other 8 of 167
What to read: Sep 2026 10-Q
SECSift found 2 of 13 sections worth reading, with 0 positive, 9 notable, and 1 negative flags.
Financial Statements (Item 1)
Merger with Union Pacific, Eastern Ohio incident settlement, and debt details are company-specific.Notable- Merger termination fee of $2.5 billion if agreement is terminated under specific circumstances.
- Share repurchases suspended under merger agreement; none in first nine months 2026 vs. $533M in 2025.
- New finance lease added $115M liability; residual value guarantee of ~$499M.
- Accounts receivable securitization program renewed with $400M capacity; no amounts outstanding.
- Final $285M payment of $600M class action settlement made in March 2026.
- Incident accruals fell to $189M at Sept 30, 2026 from $474M at Dec 31, 2025.
Management's Discussion (Item 2)
Merger with Union Pacific, revenue up 14% but costs up 19%, operating ratio worsened, no buybacks.Notable- Merger with Union Pacific announced July 28, 2025; transformational but pending regulatory approval.
- Gains from property sales collapsed to $1M in Q3 2026 from $85M in Q3 2025; $19M YTD vs $142M.
- No share repurchases in first nine months of 2026 (vs $534M in 2025); $6.3B authorized but suspended per merger deal.
What changed: Sep 2026 vs. Jun 2026
About 2% of NSC's Sep 2026 10-Q is new information. 4 paragraphs were added, 94 changed, and 22 removed. Below are the most important lines SECSift identified.
Everything here comes from Norfolk Southern Corp's own filings on SEC EDGAR. The filing list is rechecked every hour. SECSift analysis was completed on Oct 24, 2026, from the 10-Q for Sep 2026.