# Union Pacific Q3 Profit Surges to Record $2.1 Billion

> Union Pacific's Q3 profit hits $2.1 billion as fuel costs jump 69%.
- Title: Union Pacific Q3 Profit Surges to Record $2.1 Billion
- Summary: Union Pacific's Q3 profit hits $2.1 billion as fuel costs jump 69%. Union Pacific reported Q3 2026 profit of $2.076 billion, up 16% year over year, despite…
- Keywords: union pacific, q3 2026, fuel costs, diluted eps, us surface transportation board, transcontinental railroad merger, finance, markets, Union, Pacific, Profit, Surges
- Source: BigGo Finance — https://finance.biggo.com/news/72436ef4-6ca8-4420-bbaf-a424c136d53b
- Author: BigGo Finance
- Published: 2026-10-22T13:35:14+00:00
- Read time: 1 min
- Topics: union pacific, q3 2026, fuel costs, diluted eps, us surface transportation board, transcontinental railroad merger, finance, markets
## Q3 2026 Results
Union Pacific reported Q3 2026 results with revenue of $7.197 billion and net income of $2.076 billion.
## Record Profit Growth
Net income rose 16% year over year to $2.076 billion, beating market expectations.
## Intermodal Revenue Surge
Intermodal revenue grew 27% year over year to $1.517 billion.
## Fuel Cost Crisis
Average diesel prices rose 64% year over year, driving fuel expenses up 69% to $1.04 billion.
## Operating Efficiency
Operating expense ratio improved to 59.1%, down 0.1 percentage point from a year earlier.
## Merger Review Status
Union Pacific awaits U.S. Surface Transportation Board merger review progress.
## Full-Year Guidance
Company maintains high-single-digit EPS growth guidance and raises capital spending to $3.5 billion.
## Key takeaway

Union Pacific reported Q3 2026 profit of $2.076 billion, up 16% year over year, despite 69% higher fuel expenses.