Union Pacific (UNP) Revenue — Quarter Ended Mar 31, 2024
Total operating revenues declined slightly compared to the immediately preceding quarter and the same quarter one year earlier. The decrease was driven by lower freight revenues, while other revenues increased modestly.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Total operating revenues declined slightly compared to the immediately preceding quarter and the same quarter one year earlier. The decrease was driven by lower freight revenues, while other revenues increased modestly.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6B
Revenue reported for this quarter.
Quarter-over-quarter
-2.1%
Change from the immediately preceding quarter.
Year-over-year
-0.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$24.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $6B | -4.9% |
| Sep 30, 2023 | $5.9B | -9.5% |
| Dec 31, 2023 | $6.2B | -0.3% |
| Mar 31, 2024 | $6B | -0.4% |
Revenue performance
Revenue for the quarter came in lower than the prior quarter, reversing the increase seen in the prior period. Compared to the same quarter last year, revenue also edged down.
Quarterly comparison
Sequentially, revenue fell from the level reported in the immediately preceding quarter. Year over year, revenue was slightly below the figure for the same quarter one year earlier.
What to watch
Monitor whether revenue stabilizes after two consecutive quarterly declines relative to the year-ago period.