Union Pacific Corporation reported second quarter 2026 net income of $2.0 billion, a 6% increase from the previous year. Diluted earnings per share rose 7% to $3.36, while operating revenue grew 12% to $6.9 billion. The company affirmed its capital allocation strategy, including consistent annual dividend increases and a capital plan of $3.3 billion. Union Pacific is a transportation company that operates a transcontinental railroad.