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Union Pacific (UNP) guidance and outlook
Union Pacific (UNP) raised its guidance on Oct 22, 2026: Capital expenditures $3.5B for FY2026. Union Pacific's 10-Q filed Oct 22, 2026 makes 4 forward-looking statements, 0 of them new and 0 no longer said since the filing before.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Capital expenditures | FY2026 | $3.5B | raised |
From the earnings release filed Oct 22, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Oct 22, 2026
- updated · In 2026, we expect our capital plan to be approximately $3.5 billion.
- We plan to continue to make investments to support our growth strategy, improve the safety, resiliency, and operational efficiency of the network, harden our infrastructure, and replace older assets, including modernization of our locomotive fleet and acquiring freight cars to support replacement and growth opportunities.
- This includes terminal investments supporting our manifest network and intermodal ramps to efficiently handle new and existing customers, along with siding investments (extensions and new), and second mainline track projects.
- We have been, and we expect to continue to be, in compliance with our debt covenants.
Union Pacific's latest quarter
Union Pacific, Q3 2026: revenue $7.2B (+15% year over year), operating margin 40.9%, net earnings $2.1B, operating cash flow $2.8B. The chart follows the revenue to costs, profit and cash.
Questions
Did Union Pacific raise or lower its guidance?
Union Pacific (UNP) raised its guidance on Oct 22, 2026: Capital expenditures $3.5B for FY2026.
What does Union Pacific expect?
In 2026, we expect our capital plan to be approximately $3.5 billion.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.