UP - Union Pacific Corporation
09/19/2024 | Press release | Distributed by Public on 09/19/2024 06:31
Regulation FD Disclosure Form 8 K
Item 7.01 Regulation FD Disclosure.
As previously announced, Union Pacific Corporation (the "Company") is holding its 2024 Investor Day today in Dallas, Texas. The agenda for the conference and the live webcast for the presentation are available on the Company's website at https://investor.unionpacific.com/. At the Conference, the Company will be providing the following financial guidance related to its operations and capital structure:
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expect revenue (excluding fuel surcharge revenue) will grow faster than volume (excluding coal) which will outpace the markets the Company serves over the next 3 years;
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anticipate pricing dollars will be accretive to operating ratio starting in 2025;
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maintain an industry leading operating ratio;
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forecast an earnings per share compound annual growth rate in the high single to low double digit range;
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expect annual capital investments of roughly $3.5 billion to $3.7 billion over the next three years;
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maintain a strong, investment grade credit rating;
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retain an industry leading return on invested capital;
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annual share repurchases of $4 billion to $5 billion over the next three years starting in 2025;
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strive for consistent, annual dividend increases; and
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dividend payout ratio target of approximately 45% of earnings.
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This Form 8-K disclosure contains forward-looking statements that are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Important factors, including risk factors, regarding forward-looking information and these risks and uncertainties are discussed in the Company's filings with the Securities and Exchange Commission.