NYSE$NSC

Norfolk Southern Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Norfolk Southern reported solid financial performance in Q2 2022 with record railway operating revenues, income from railway operations, and diluted earnings per share.

Norfolk Southern announced second quarter 2022 financial results, which included quarterly records for railway operating revenues, income from railway operations, and diluted earnings per share. The company reported railway operating revenue of $3.3 billion, income from railway operations of $1.3 billion, net income of $819 million, and diluted earnings per share of $3.45.

  • Norfolk Southern delivered solid financial performance in the second quarter.
  • The company made considerable progress on staffing during the quarter.
  • Norfolk Southern launched its TOP|SPG operating model.
  • Visible upticks in qualified employees and train speeds were observed as a result of these initiatives.

Headline financials

Total Revenue

$3.25B

Previous: $2.8B+16.1%
EPS (adj)

$3.45

Previous: $3.28+5.2%
Capital Expenditures

-$837M

Previous: -$627M-33.5%
Free Cash Flow

-$18M

Previous: $192M-109.4%
Net Income

$819M

Previous: $819M+0.0%
Operating Income

$1.27B

Previous: $1.17B+8.9%
Gross Profit

-$408M

Previous: -$188M-117.0%
Cash & Equivalents

$1.26B

Previous: $1.67B-24.6%
Total Assets

$39.3B

Previous: $38.8B+1.5%

Revenue & EPS history

Norfolk Southern · Revenue · Quarterly

$3.25B

Q2 2022+16.1%vs Q2 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

Norfolk Southern is committed to service recovery and expects to see further progress in the months ahead.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+0.5%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+2.3%

Avg return

30 days after

57%

41 / 72 earnings

Positive

+11.7%

Q2 2024

Best reaction

-8.6%

Q3 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.0%-2.9%-2.4%
Q4 2025+1.9%+4.9%+10.6%
Q3 2025-1.3%-1.5%+0.9%
Q2 2025-3.0%-4.0%-3.0%
Q1 2025+0.9%+0.8%+9.1%
Q4 2024+1.8%-0.8%-2.6%
Q3 2024+3.6%+1.2%+6.5%
Q2 2024+11.7%+12.8%+8.7%
Q1 2024-1.7%-1.5%-7.4%
Q4 2023+0.2%-1.1%+8.5%
Q3 2023-5.6%-4.4%+10.0%
Q2 2023-0.1%-1.2%-11.1%
Q1 2023-3.0%+0.7%+1.7%
Q4 2022-5.7%-6.9%-12.2%
Q3 2022+3.6%+5.7%+16.9%
Q2 2022+0.1%+3.4%+3.4%
Q1 2022+4.4%+0.8%-5.3%
Q4 2021-1.8%-1.0%-5.2%
Q3 2021+2.2%+0.7%-6.0%
Q2 2021-2.6%-2.6%-0.8%
Q1 2021-0.4%+0.4%-0.3%
Q4 2020+1.6%+0.8%+5.9%
Q3 2020+1.0%+5.6%+19.2%
Q2 2020+2.0%+2.9%+16.2%
Q1 2020+0.3%-1.5%+4.5%
Q4 2019+4.8%+1.1%-10.9%
Q3 2019-3.1%-0.6%+2.2%
Q2 2019-4.6%-2.4%-13.9%
Q1 2019+0.6%+0.6%-1.2%
Q4 2018+0.6%+1.7%+11.6%
Q3 2018+4.6%+2.6%+4.4%
Q2 2018+5.7%+5.0%+9.0%
Q1 2018+7.2%+6.3%+13.4%
Q4 2017-2.3%-0.2%-6.0%
Q3 2017+0.7%+0.4%-1.7%
Q2 2017-5.0%-5.4%-0.7%
Q1 2017+1.7%+0.8%+4.8%
Q4 2016+2.5%+2.6%+3.0%
Q3 2016-2.1%-0.3%+11.9%
Q2 2016-2.9%-4.5%-0.5%
Q1 2016+9.8%
Q4 2015+1.8%
Q3 2015+4.7%
Q2 2015+2.4%
Q1 2015-3.4%
Q4 2014-0.6%
Q3 2014-1.8%
Q2 2014+0.2%
Q1 2014-1.9%
Q4 2013+5.6%
Q3 2013+9.0%
Q2 2013-3.5%
Q1 2013-0.2%
Q4 2012+2.6%
Q3 2012-8.6%
Q2 2012-0.7%
Q1 2012+5.1%
Q4 2011-2.8%
Q3 2011-1.6%
Q2 2011-1.7%
Q1 2011+0.5%
Q4 2010+0.1%
Q4 2009+0.1%
Q3 2010+1.6%
Q2 2010+2.8%
Q1 2009+1.1%
Q1 2010+1.4%
Q2 2009+0.7%
Q4 2007+0.7%
Q3 2009-1.1%
Q3 2008-1.1%
Q4 2008-1.1%

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