Union Pacific Corp (NYSE:UNP)
$ 245.24 -0.44 (-0.18%) Market Cap: 149.63 Bil Enterprise Value: 181.91 Bil PE Ratio: 23.40 PB Ratio: 9.55 GF Score: 91/100

Q2 2019 Union Pacific Corp Earnings Call Transcript

Jul 18, 2019 / 12:45PM GMT
Release Date Price: $174.25 (+5.89%)
Operator

Greetings, and welcome to the Union Pacific Second Quarter 2019 Conference Call. (Operator Instructions) As a reminder, this conference is being recorded and the slides for today's presentation are available on Union Pacific's website.

It is now my pleasure to introduce your host, Mr. Lance Fritz, Chairman, President and CEO for Union Pacific. Mr. Fritz, you may begin.

Lance M. Fritz
Union Pacific Corporation - Chairman, President & CEO

Good morning, everybody, and welcome to Union Pacific's second quarter earnings conference call. With me today in Omaha are Kenny Rocker, Executive Vice President of Marketing and Sales; Jim Vena, our Chief Operating Officer; and Rob Knight, our Chief Financial Officer.

This morning, Union Pacific is reporting record 2019 second quarter net income of $1.6 billion or $2.22 a share. This represents an increase of 4% of net income and 12% in earnings per share compared to 2018. Our quarterly operating ratio came in at an all-time best mark of 59.6%, a 3.4 percentage point improvement compared to the second

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