Company facts
- Industry
- Railroads, Line-Haul Operating
- Headquarters
- Omaha, Nebraska
- Most recent report
- 10-Q, filed Oct 22, 2026
- Incorporated
- Utah
- Filings on record
- 1,000+ filings
- On EDGAR
- CIK 100885
- Fiscal year ends
- December
- Filer status
- Large accelerated filer
Financials 8 of 24
News 8 of 80
Prospectuses and Registrations 8 of 34
- 424B3 Prospectus supplement for an offering Oct 1, 2025
- S-4/A Registration statement for a merger or exchange, amended Sep 30, 2025
- S-4 Registration statement for a merger or exchange Sep 16, 2025
- 424B5 Prospectus supplement for an offering Feb 12, 2025
- FWP Free writing prospectus Feb 10, 2025
- 424B2 Prospectus supplement for an offering Feb 10, 2025
- S-3ASR Automatic shelf registration Feb 13, 2024
- S-8 Registration statement for an employee plan Dec 18, 2023
Proxies 8 of 14
- DEF 14A Proxy statement for a shareholder vote Mar 25, 2026
- PX14A6G Shareholder's own proxy material Apr 3, 2025
- DEFA14A Extra proxy material Mar 25, 2025
- DEF 14A Proxy statement for a shareholder vote Mar 25, 2025
- DEFA14A Extra proxy material Mar 26, 2024
- DEF 14A Proxy statement for a shareholder vote Mar 26, 2024
- DEFA14A Extra proxy material Apr 5, 2023
- DEF 14A Proxy statement for a shareholder vote Apr 5, 2023
Ownership 8 of 714
- 4 Insider reported a trade Oct 20, 2026
- 4 Insider reported a trade Oct 20, 2026
- 4 Insider reported a trade Oct 20, 2026
- 4 Insider reported a trade Oct 1, 2026
- 4 Insider reported a trade Oct 1, 2026
- 4 Insider reported a trade Oct 1, 2026
- 4 Insider reported a trade Oct 1, 2026
- 4 Insider reported a trade Oct 1, 2026
Other 8 of 134
What to read: Sep 2026 10-Q
SECSift found 3 of 13 sections worth reading, with 3 positive, 16 notable, and 0 negative flags.
Financial Statements (Item 1)
Core financial statements and notes with pending $20B acquisition, debt, and liquidity details.Notable- Receivables securitization facility $600M, matures July 2028; $0 drawn at Sep 30, 2026.
- Total debt fell to $30.324B from $31.814B; fair value of debt $7.5B below carrying value at Sep 30, 2026.
- In October 2026, entered $1.2B notional forward-starting swaps to hedge interest rate risk.
- Illinois Biometric Privacy class action certified as class action on Aug 20, 2026; no loss estimate.
- Personal injury liability range $409M-$457M; recorded at low end of $409M at Sep 30, 2026.
- Environmental liability $274M at Sep 30, 2026, up from $259M at Dec 31, 2025, with 346 sites.
- Share repurchases paused due to pending acquisition; $0 spent in Q3 2026 vs $2.679B in 9M 2025.
- TTX joint venture: 37.03% economic interest, $2.0B investment, $334M car hire expense in 9M 2026.
- Pending Norfolk Southern acquisition: ~225M shares to be issued, ~$20B cash paid, expected completion H2 2027.
Management's Discussion (Item 2)
Strong Q3 2026 results with 15% revenue growth, fuel surcharge surge, and pending Norfolk Southern acquisition.PositiveNotable- Intermodal volume surged 11% in Q3 2026, driving business mix shift to lower-ARC shipments.
- Fuel surcharge revenues doubled to $1.2B in Q3 2026 from $602M, as diesel averaged $4.21/gal (up 64%).
- Cash from operations up 18% to $8.3B in first nine months of 2026; free cash flow $2.4B.
- Capital plan of ~$3.5B for 2026 includes $2.8B spent in first nine months.
Unregistered Sales and Repurchases (Item 2)
Buyback paused due to pending Norfolk Southern acquisition; all repurchases were employee-related.Notable- Only 1,843 shares repurchased in Q3 2026, all from employees for tax and option costs, not open market.
- Open-market buybacks paused entirely in Q3 2026 due to the pending Norfolk Southern acquisition.
- Board authorized 100 million shares for repurchase by March 31, 2028; 93,888,442 shares remain available.
What changed: Sep 2026 vs. Jun 2026
About 6% of UNP's Sep 2026 10-Q is new information. 15 paragraphs were added, 102 changed, and 30 removed. Below are the most important lines SECSift identified.
New
Changed
- August repurchases: 1,337 shares at $300.62, down from May's 9,990 at $274.81.
- Average price paid per share rose to $297.33 from $273.00.
- Fuel expense rose 69% in Q3 2026 vs 63% in Q2 2026; average diesel price $4.21/gal vs $3.86/gal.
- July repurchases: 355 shares at $290.57, down from April's 5,191 at $270.66.
- September repurchases: 151 shares at $284.10, down from June's 637 at $263.56.
- Fuel expense rose to $1,040 million from $938 million for the three months ended September 30, 2026 vs June 30, 2026.
- Net income rose to $2,076 million from $1,993 million for the three months ended September 30, 2026 vs June 30, 2026.
- Exhibit 101 updated from period ended June 30, 2026 to September 30, 2026.
- Total shares repurchased fell to 1,843 in Q3 2026 from 15,818 in Q2 2026.
Everything here comes from Union Pacific 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.