UNP · 8-K · 20261022PR000319
Cash Flow and Liquidity
UNION PACIFIC CORP · 2026-10-22 · Importance 52 · Surprise 30 · From source text
Year-to-date operating cash flow increased 17% to $8.302 billion from $7.065 billion. Free cash flow increased 27% to $2.362 billion after $3.456 billion of investing cash outflows and $2.484 billion of dividends paid. Cash, cash equivalents, and restricted cash increased to $2.218 billion at September 30, 2026, from $830 million a year earlier, while cash and cash equivalents were $2.211 billion and short-term investments were $875 million.
Key facts
- Free cash flow through September 30, 2026 was $2,362 million versus $1,856 million in 2025. source
- Year-to-date cash provided by operating activities through September 30, 2026 was $8,302 million versus $7,065 million in 2025. source
- Dividends paid year-to-date through September 30, 2026 were $2,484 million versus $2,418 million in 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +1.7% | Year-to-date cash provided by operating activities through September 30, 2026 was $8,302 million versus $7,065 million in 2025. |
| cash | positive | realized | +0.7% | Free cash flow through September 30, 2026 was $2,362 million versus $1,856 million in 2025. |
| cash | negative | realized | -0.1% | Dividends paid year-to-date through September 30, 2026 were $2,484 million versus $2,418 million in 2025. |