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Norfolk Southern's profit slips 12% amid merger costs and economic uncertainty
Norfolk Southern's adjusted earnings beat estimates despite a 12% profit drop due to $81 million in merger and derailment charges, as regulatory review delays the $85 billion deal.
- This year, Norfolk Southern's quarterly profit slipped 12%, reporting $644 million, or $2.87 per share in the fourth quarter.
- Because of merger-related and derailment costs, Norfolk Southern booked $58 million in merger charges and $23 million from the 2023 East Palestine, Ohio, derailment this year.
- Excluding one-offs, Norfolk Southern said it would have made $725 million, or $3.22 per share, exceeding analysts surveyed by FactSet Research's $2.78 estimate and recorded $215 million in annual productivity savings last year.
- Regulators rejected the initial merger filing for more details, and CEO Mark George said Norfolk Southern focuses on efficiency while drafting a new application for the Surface Transportation Board.
- The proposed merger would create a transcontinental railroad with more than 50,000 miles of track across 43 states, facing a lengthy review from shippers, competitors, and unions.
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Norfolk Southern's profit slips 12% amid merger costs and economic uncertainty
Norfolk Southern's quarterly profit slipped 12% amid the uncertain economy, as well as costs related to its efforts to merge with Union Pacific and create a transcontinental railroad.
·United States
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Norfolk Southern Reports Q4, Full Year 2025 Results
ATLANTA – Norfolk Southern Corp. announced its fourth quarter and full year 2025 financial results Thursday. Railway operating revenues were $3 billion in the fourth quarter, down $50 million, or 2%, compared with the fourth quarter of 2024, on a volume decline of 4% year-over-year. Income from railway operations was $937 million, a decrease of […] The post Norfolk Southern Reports Q4, Full Year 2025 Results appeared first on Business Journal…
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Total News Sources23
Leaning Left6Leaning Right0Center15Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
L 29%
C 71%
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