UNP · 10-Q · 2026Q2 · Full report
Capital Expenditure Program
UNION PACIFIC CORP · 2026-07-23 · Importance 69 · Surprise 50 · In source text
Union Pacific expects its 2026 capital plan to total approximately $3.3 billion. Cash capital investments were $1.810 billion in the first six months of 2026, compared with $1.842 billion in the prior-year period. The plan prioritizes rail infrastructure replacement, locomotive modernization, freight-car purchases, terminal and intermodal-ramp investments, siding extensions, and second-mainline track projects. Six-month 2026 investment included $241 million of early lease buyouts for locomotives and freight cars, compared with $178 million in 2025.
Key facts
- Union Pacific expects its 2026 capital plan to be approximately $3.3 billion, including investments in locomotive modernization, acquiring freight cars, terminal and intermodal ramp investments, siding extensions and new, and second mainline track projects. source
- Locomotives and freight cars cash capital investments for the six months ended June 30, 2026 include early lease buyouts of $241 million (compared to $178 million in 2025). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -3.9% | Union Pacific expects its 2026 capital plan to be approximately $3.3 billion, including investments in locomotive modernization, acquiring… |
| cash | negative | realized | -0.3% | Locomotives and freight cars cash capital investments for the six months ended June 30, 2026 include early lease buyouts of $241 million… |