Norfolk Southern reported second quarter 2026 net income of US$734 million and earnings per share of US$3.26 from continuing operations. The stock has delivered a year-to-date share price return of 16.65% and a one-year total shareholder return of 22.57%. It currently trades at a price-to-earnings ratio of 28.6x, which is above an estimated fair P/E of 27.3x but below the US Transportation industry average of 37.9x and close to the peer average of 28.8x. A discounted cash flow model values the stock at $270.93, suggesting it is overvalued compared with the current price of $335.74. The proposed Union Pacific merger and potential shifts in US freight volumes remain key risks.
Norfolk Southern CorporationNorfolk Southern reported Q2 2026 net income of US$734 million and EPS of US$3.26, a positive earnings result.
Union Pacific Corporation