UNP

Union Pacific's stock price experienced dips in June and September 2026 but increased by 15.96% over the last 12 months and 17.68% year-to-date as of October 1, 2026. Key events include the Q2 2026 earnings release on July 23, 2026, which reported revenue of $6.86 billion and adjusted EPS of $3.41, both exceeding estimates. The proposed merger with Norfolk Southern is an ongoing event, with the Surface Transportation Board denying dismissal requests in late September 2026, allowing the review process to advance. The company participated in investor conferences in September 2026, reporting a 5% increase in Q3 carloads and strong industrial and domestic intermodal volumes. UBS upgraded Union Pacific to 'Buy' in mid-September 2026, while JP Morgan maintained a 'Neutral' rating but lowered its price target on October 5, 2026. Union Pacific also debuted its first two battery-electric locomotives in late September 2026 as part of its sustainability initiatives. The Q3 2026 earnings release is scheduled for October 22, 2026.