Union Pacific Stock Price, News & Analysis

Union Pacific Corporation (NYSE: UNP) has announced a quarterly dividend of $1.30 per share, to be paid on Dec. 29, 2022, for shareholders recorded by Dec. 19, 2022. The company has a remarkable history of paying dividends for 123 consecutive years, demonstrating its commitment to returning value to shareholders. Operating in 23 western states, Union Pacific is a leader in freight transportation, linking communities to the global economy with a focus on environmentally responsible practices.

Union Pacific Corporation's CFO, Jennifer Hamann, will present at the Credit Suisse 10th Annual Global Industrials Conference on November 30, 2022, at 8 a.m. ET. Investors can access a live webcast through the investor relations section of Union Pacific's website, with an audio replay available shortly after the presentation. Union Pacific operates in 23 western states, providing essential freight services while emphasizing environmentally responsible transport.

Union Pacific Corporation (NYSE: UNP) will participate in two key investor conferences in November 2022. The Baird 2022 Global Industrial Conference is scheduled for Nov. 8, 2022, featuring CFO Jennifer Hamann and EVP Eric Gehringer at 9:30 a.m. ET. Following this, the Stephens 2022 Annual Investment Conference will take place on Nov. 15, 2022, with CEO Lance Fritz and EVP Kenny Rocker presenting at 9 a.m. ET. Live webcasts of these events will be accessible on Union Pacific's investor relations website.

Union Pacific Railroad's Community Ties Giving Program has awarded over $5.1 million in local grants to 514 nonprofit organizations, aligning with its diversity, equity, and inclusion (DEI) goals. The grants will impact over 14 million people across a 23-state rail network, focusing on safety, workforce development, and community spaces. Eligible organizations must demonstrate DEI commitments by 2023. Grants range from $2,500 to $25,000, supporting efforts to uplift underserved populations.

Union Pacific has announced the donation of historic steam engines, including Challenger No. 3985, from Wyoming to Illinois in November. This donation is part of their commitment to preserving railroad history and follows an earlier donation to Railroading Heritage of Midwest America. The nonprofit plans to restore the equipment, ensuring these iconic locomotives remain operational for future generations. The equipment is set to leave Cheyenne on November 11 and arrive in Silvis, Illinois, on November 19.

Union Pacific reported a strong third quarter for 2022 with a net income of $1.9 billion, translating to $3.05 per diluted share. Adjusting for a $114 million charge from labor agreements, the adjusted net income rose to $2.0 billion, or $3.19 per diluted share, a 24% increase from the previous year. Operating revenue hit $6.6 billion, up 18%, aided by higher fuel surcharges and volume growth. However, the adjusted operating ratio worsened slightly to 58.2%. The company aims for continued pricing discipline and plans to spend $3.4 billion on capital projects.

Union Pacific Railroad has partnered with ZTR to develop hybrid-electric locomotives, with the first prototype expected by late 2023. The locomotives will be manufactured in North Little Rock, Arkansas, and the project aims to enhance fuel efficiency and support sustainability goals. Utilizing 'mother-slug' sets, these hybrid-electric models will operate in multiple modes to reduce emissions by up to 80%. Union Pacific aims to decrease Scope 1 and 2 GHG emissions by 26% by 2030 and achieve net-zero emissions by 2050, continuing its commitment to environmental responsibility.