CSX reported first quarter 2026 revenue of $3.48 billion, a 2% increase year-over-year, and diluted earnings per share of $0.43, up 26% from the prior year. Total volumes grew 3% to 1.56 million units, led by a 6% increase in Intermodal.
Key Highlights
- Diluted EPS of $0.43 beat analyst estimates of $0.39, driven by a 25% year-over-year increase in net earnings to $807 million.
- Revenue of $3.48 billion missed expectations of $3.51 billion, as merchandise pricing and intermodal volume growth were partially offset by weaker export coal revenue.
- Operating income grew 20% to $1.25 billion as total expenses declined by 6%, expanding the operating margin to 36.0% from 30.4% in the prior year.