Norfolk Southern Q2 2025 Financial Results and Merger Announcement

Norfolk Southern Corporation reported its second-quarter 2025 financial results, showing a 4% increase in net income and 5% growth in diluted earnings per share. Adjusted net income and EPS improved by 7% and 8%, respectively. The company expects 2%-3% revenue growth and a 100-150 basis point improvement in the adjusted operating ratio for the full year. Additionally, Norfolk Southern announced a merger agreement with Union Pacific, creating America's first transcontinental railroad. The merger will result in Norfolk Southern shareholders receiving 1.0 Union Pacific common share and $88.82 in cash for each share of Norfolk Southern common stock, valuing the transaction at $85 billion.