Earnings helped by tax benefit

Sales and earnings fell in sympathy in the forth quarter 2019, where earnings decreased by -6.05 % to $2.02 per share and revenue by -12.08 % year on year. Revenue were at $5.21 billions compare to $5.93 billions in the same quarter a year ago.

From preceding quarter, eps decreased by -9.01 % from $2.22 per share and Sales decreased by -5.51 % from $5.52 billions.
Sales fell at Agricultural -3.83%, Chemicals -5.77%, Energy -18.29%, Industrial Products -15.68%, Intermodal -11.35%, while revenue growth was achieved at Automotive +0.38%.
Net income of $1,403 millions in the forth quarter 2019 fell by -11.93 % from $1,593 millions in the corresponding period a year before.

The situation for Union Pacific Corporation would be even worse, if there wasn't $475 million tax benefit, to restrain the decline to just -11.93 % in the forth quarter 2019. Union Pacific Corporation also emphasized it's improving profit margins, where net margin rose to 26.92% in forth quarter 2019, and operating margin edged up to 40.29%.

Analysing further company's results, an astounding rise of 37.55% in Energy Rev. Per Unit to 2,334.28 $ explains the forth quarter 2019 performance.
Other gains in Agricultural Carloads 5.99 %, Revenue Ton-Miles RTMs 5.62 %, were worth mentioning.
While following indicators decreased: RTM per GTM % down -3.07 %.
The Railroads company, also outlined contraction in Energy Carloads -14.01 %, Average Train Speed Miles per Hour -8.4 %. Looking into financial results for the fiscal year 2019, Union Pacific Corporation reported Sales of $21.71 billions and net income of $5.92 billions.

Railroads Company explained also, that Earnings deteriorated by -37.28 % to $8.38 per share from $13.36 in the previous fiscal year, while Sales increased by 2.2 % from $21.24 billions a year ago.

Union Pacific Corporation is expected to report next financial results on April 23, 2020.