Norfolk Southern Q2 2026: record $3.47 billion revenue, GAAP EPS misses
Norfolk Southern's second quarter of 2026 was a record on the top line and a miss on the bottom line: revenue hit $3.47 billion, up 10.2%, while GAAP EPS of $3.26 missed the $3.34 consensus. Strip out merger, restructuring and Eastern Ohio costs and EPS was $3.52. The gap between those two numbers is the whole story this quarter.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $3.26 landed below the $3.34 consensus and fell 4.4% from $3.41 a year earlier. Excluding $0.26 per share of merger, restructuring and Eastern Ohio items, adjusted EPS of $3.52 rose 7.0% from last year's adjusted $3.29. Which line you read changes the verdict on the quarter.
Revenue of $3.47 billion beat last year's $3.15 billion by 10.2%, and the company calls it an all-time quarterly record. Volume rose 4%, but higher fuel surcharges alone contributed six points of the growth, so a meaningful slice of the increase is fuel pass-through rather than freight growth.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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