联合太平洋公司（NYSE:UNP）的股价在该公司发布混合的第四季度业绩后上涨。 联合太平洋报告称，营业收入同比下降1%至61.21亿美元，低于61.43亿美元的市场预期。 燃油附加费下降、不利的业务组合和其他收入减少影响了营业收入，部分被较高的销售量和定价收益所抵消。 货运收入为57.89亿美元，其中大宗货物同比下降4%，工业货物同比增长1%，高级货物同比增长3%。载货车次同比增长5%。 每股收益为2.91美元（同比增长7%），高于市场预期的2.78美元。 尽管因人员配置协议影响了70个基点，但运营比率改善了220个基点至58.7%，而营业收入增长了5%达到25亿美元。 联合太平洋报告，第四季度货车速度为每天行驶219英里，较去年同比增长1%；机车生产力为每马力每日完成136吨英里（GTMs），下降了3%。 每加仑消耗燃油的平均价格同比下降24%至2.41美元。联合太平洋季度的人均劳动生产率提高了6%达到每名员工1118英里。 联合太平洋2024财年的运营现金流总计93.46亿美元，而去年为83.79亿美元。自由现金流为28.08亿美元。 2025年前景：联合太平洋预计，受混合经济条件、煤炭需求波动以及国际多式联运的同比对比挑战的影响，业务量将受到影响。 定价预计将推动运营比率改善，每股收益预计将在未来三年内达到高个位数至低双位数增长。 公司重申其长期战略，计划资本支出34亿美元，股票回购40亿至45亿美元，并专注于行业领先的效率和回报。 股价走势：截至周四最后一次查看，联合太平洋股价上涨4.6%，至246.69美元。

以上内容来自Benzinga Earnings专栏，原文如下：

Union Pacific Corporation (NYSE:UNP) shares are trading higher after the company reported mixed fourth-quarter results.

Union Pacific reported operating revenue decline of 1% year-over-year to $6.121 billion, missing the consensus of $6.143 billion.

Lower fuel surcharges, an unfavorable business mix, and reduced other revenue impacted operating revenue, partially offset by higher volume and pricing gains.

Freight revenue was $5.789 billion, with Bulk -4% YoY, Industrial +1%, and Premium +3%. Revenue carloads were up 5%.

Earnings per share were $2.91 (+7% year-over-year), above the consensus of $2.78.

The operating ratio improved 220 bps to 58.7%, despite a 70 bps impact from a crew staffing agreement, while operating income increased 5% to $2.5 billion.

Union Pacific reported fourth-quarter freight car velocity of 219 daily miles per car, +1% YoY, and locomotive productivity of 136 gross ton-miles (GTMs) per horsepower day, a 3% decline.

The average fuel price per gallon consumed declined by 24% year over year to $2.41. Union Pacific’s quarterly workforce productivity improved by 6% to 1,118 car miles per employee.

Union Pacific’s operating cash flow for the fiscal 2024 totaled $9.346 billion, up from $8.379 billion a year ago. Free cash flow was $2.808 billion.

2025 Outlook: Union Pacific anticipates that volume will be impacted by mixed economic conditions, fluctuating coal demand, and challenging year-over-year comparisons in international intermodal.

Pricing is expected to drive improvements in the operating ratio, with earnings per share growth projected to reach high-single to low-double digits over the next three years.

The company reaffirms its long-term strategy with a $3.4 billion capital plan, $4.0–$4.5 billion in share repurchases, and a focus on industry-leading efficiency and returns.

Price Action: Union Pacific shares are trading higher by 4.6% at $246.69 at the last check Thursday.

Image: Courtesy of Union Pacific Corporation