UNP » Topics » Second Quarter 2007 Overview

This excerpt taken from the UNP 8-K filed Jul 19, 2007.

Second Quarter 2007 Overview

 

 

Commodity revenue set an all-time quarterly record, up 3 percent to $3.9 billion. Four of the six business groups posted revenue increases in the quarter as total average revenue per car (ARC) grew 7 percent.

 

 

Second quarter 2007 carloads declined 3 percent versus the second quarter of 2006 to 2.4 million. Severe weather in the Midwest, a softer housing market and decreased auto sales all contributed to the decline.

 

 

The second quarter 2007 operating ratio improved to 80.5 percent compared to 81.7 percent in the second quarter of 2006. This was the best second quarter operating ratio in four years.

 

 

Quarterly operating metrics, as reported to the Association of American Railroads, improved. Average terminal dwell time improved 11 percent to 24.7 hours versus 27.6 hours reported in the second quarter of 2006. Average quarterly train speed was 21.6 mph versus 21.2 mph in the second quarter of 2006, a two percent increase.

 

 

The Company repurchased more than 3.6 million common shares at an average share price of $116.40 in the second quarter of 2007. Year-to-date purchases total 5.7 million common shares or 28 percent of the 20 million share repurchase program.

 

This excerpt taken from the UNP 8-K filed Jul 20, 2006.

Second Quarter 2006 Overview

 

  Quarterly operating revenue was an all-time record $3.9 billion compared to $3.3 billion in the second quarter of 2005.

 

  Commodity revenue set an all-time quarterly record, up 17 percent to $3.7 billion. This compares to $3.2 billion in the second quarter of 2005 and was driven by improved yields, higher fuel surcharge recoveries and a 5 percent increase in volume.

 

  The second quarter 2006 operating ratio improved to 81.7 percent compared to 86 percent in 2005. This was the best operating ratio in over two years.

 

  The Railroad’s average quarterly fuel price increased 29 percent versus the year ago quarter, from $1.67 per gallon in 2005 to $2.15 per gallon in the second quarter of 2006. The fuel surcharge recovered 80 percent of the cost in excess of the Railroad’s $.75 per gallon base fuel price.

 

  Employee productivity, as measured by gross ton-miles per employee, gained 3 percent versus the year ago quarter.

 

  In the face of record volume, operating metrics remained stable. Average terminal dwell time increased slightly and average quarterly train speed remained flat versus a year ago.
This excerpt taken from the UNP 8-K filed Jul 21, 2005.

Second Quarter Overview

 

  Quarterly operating revenue was an all-time record $3.3 billion compared to $3.0 billion in the second quarter of 2004.

 

  Commodity revenue set an all-time quarterly record, up 10 percent to $3.2 billion. This compares to $2.9 billion in the second quarter of 2004 and was driven by a 1 percent increase in volumes as well as higher fuel surcharge recoveries and improved yields.

 

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  Second quarter 2005 operating income of $468 million was the highest reported since the fourth quarter of 2003.

 

  The second quarter 2005 operating margin increased to 14 percent compared to 11.9 percent in 2004.

 

  Two of the Railroad’s three key operating metrics, as reported to the Association of American Railroads, improved in the second quarter of 2005 versus the second quarter of 2004. Average terminal dwell time improved 11 percent from 30.9 hours to 27.4 hours and rail car inventory improved 2 percent to 318,434 cars. Average quarterly train speed fell slightly, from 21.3 mph to 21.2 mph comparing the second quarter of 2004 to 2005.

 

  The Railroad’s average quarterly fuel price increased 44 percent versus the year ago quarter, from $1.16 per gallon in 2004 to $1.67 per gallon in the second quarter of 2005.

 

This excerpt taken from the UNP 8-K filed Apr 21, 2005.

First Quarter Overview

 

·   

Union Pacific Corporation reported record operating revenue of $3.2 billion in the first

 

quarter of 2005 compared to last year’s $2.9 billion. Operating income in the first quarter of

 

2005 was $313 million compared to $314 million for the same period in 2004.

 

 

 

 

 

 

 

 

 

 

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Commodity revenue was a first quarter record of $3.0 billion, up 8 percent, compared to $2.8

 

billion in 2004. Drivers of the increase were a 1 percent increase in volumes as well as

 

higher fuel surcharge recoveries and improved yields.

 

·   

First quarter 2005 average revenue per car was at an all-time best of $1,306 per car, versus

 

$1,214 in the first quarter of 2004.

 

·   

The operating margin decreased to 9.9 percent in the first quarter of 2005 from 10.9 percent

 

in 2004, primarily due to the impact of the January storm and higher fuel prices.

 

·   

The Railroad’s average quarterly fuel price of $1.45 per gallon compares to $1.02 per gallon

 

paid a year ago.

 

·   

Although impacted by the January storm, quarterly average system speed, as reported to the

 

Association of American Railroads, averaged 21.1 mph, 0.8 mph slower than the first quarter

 

of 2004, but 0.6 mph higher than the prior quarter.

 

 

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