NORFOLK SOUTHERN CORP (NSC) Form 8-K — Oct 22, 2026
Norfolk Southern reported record third-quarter 2026 revenues of $3.5 billion, up 14% year over year on 3% volume growth and higher fuel surcharges. Diluted EPS came in at $3.37, up 7%, while adjusted EPS of $3.62 rose 10% excluding merger-related expenses and Eastern Ohio incident effects. Profitability metrics were mixed: the GAAP operating ratio worsened to 67.4% from 64.6% a year ago, with the adjusted ratio of 65.4% also 210 basis points higher, pressured by sharply higher fuel costs ($420M vs $237M) and $42M in merger-related expenses.
Key figures
- Eps
- 3.37
- Revenue
- 3526000000
- Net Income
- 759000000
- Revenue Yoy
- 14%
- Total Assets
- 45949000000
- Cash Position
- 1598000000
- Adjusted eps
- 3.62
- Operating ratio
- 67.4%
- Adjusted eps yoy
- 10%
- Prior year q3 eps
- 3.16
- Volume growth yoy
- 3%
- Prior year q3 revenue
- 3103000000
- Adjusted operating ratio
- 65.4%
- Merger related expenses q3
- 42000000
- Income from railway operations
- 1150000000
- Eastern ohio incident expense q3
- 28000000
- Adjusted operating ratio yoy change
- 210 bps higher
- Adjusted income from railway operations
- 1220000000
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