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Tables in the 10-Q of NORFOLK SOUTHERN CORP

37 tables with numbers, filed Jul 23, 2026. Each one downloads as a CSV for Excel or Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed. Open the filing on sec.gov ↗

650 West Peachtree Street NW	30308-1925
Atlanta,	Georgia
(Address of principal executive offices)	(Zip Code)
(855)	667-3655
(Registrant’s telephone number, including area code)

Class	Outstanding at June 30, 2026
Common Stock ($1.00 par value per share)	224,608,373	(excluding 20,320,777 shares held by the registrant’s
	consolidated subsidiaries)

		Page
Part I.	Financial Information:
	Item 1.	Financial Statements:
		Consolidated Statements of IncomeSecond Quarter and First Six Months of 2026 and 2025	3
		Consolidated Statements of Comprehensive IncomeSecond Quarter and First Six Months of 2026 and 2025	4
		Consolidated Balance SheetsAt June 30, 2026 and December 31, 2025	5
		Consolidated Statements of Cash FlowsFirst Six Months of 2026 and 2025	6
		Consolidated Statements of Changes in Stockholders’ Equity Second Quarter and First Six Months of 2026 and 2025	7

	Second Quarter	First Six Months
	2026	2025		2026	2025
	($ in millions, except per share amounts)
Railway operating revenues	$3,465		$3,110		$6,463	$6,103
Railway operating expenses
Compensation and benefits	744		692		1,484	1,431
Purchased services and rents	550		520		1,072	1,018
Fuel	405		219		661	463

	June 30, 2026	December 31, 2025
	($ in millions)
Assets
Current assets:
Cash and cash equivalents	$1,069		$1,530
Accounts receivable – net	1,177		988
Materials and supplies	327		271
Other current assets	228		409

	Common Stock	Additional Paid-in Capital		Accum. Other Comprehensive Loss	Retained Income	Total
	($ in millions, except per share amounts)
Balance at December 31, 2025	$226		$2,296		$(210)		$13,235	$15,547
Comprehensive income:
Net income					547		547
Other comprehensive loss				(1)			(1)
Total comprehensive income						546
Dividends on common stock,

	Second Quarter	First Six Months
	Granted	Weighted-Average Grant-Date Fair Value		Granted	Weighted-Average Grant-Date Fair Value
RSUs	1,132		$315.93		198,891	$288.07
PSUs	—		—		78,986	273.82

	Basic	Diluted
	Second Quarter
	2026	2025		2026	2025
	($ in millions, except per share amounts, shares in millions)
Net income	$734		$768		$734	$768
Dividend equivalent payments	(1)		(1)		(1)	—
Income available to common stockholders	$733		$767		$733	$768
Weighted-average shares outstanding	224.6		225.0		224.6	225.0

	Balance at Beginning of Year	Net Income		Reclassification Adjustments	Balance at End of Period
	($ in millions)
Six months ended June 30, 2026
Pensions and other postretirement liabilities	$(192)		$—		$(1)	$(193)
Other comprehensive loss of equity investees	(18)		(1)		—	(19)
Accumulated other comprehensive loss	$(210)		$(1)		$(1)	$(212)
Six months ended June 30, 2025
Pensions and other postretirement liabilities	$(240)		$—		$—	$(240)

	Pension Benefits	Other Postretirement Benefits
	Second Quarter
	2026	2025		2026	2025
	($ in millions)
Service cost	$6		$6		$—	$—
Interest cost	25		27		3	4
Expected return on plan assets	(52)		(49)		(3)	(3)
Amortization of net losses	5		5		—	—

	Second Quarter	First Six Months
	2026	2025		2026	2025
	($ in millions)
Merchandise:
Agriculture, forest and consumer products	$673		$645		$1,298	$1,281
Chemicals	646		546		1,213	1,081
Metals and construction	480		458		893	872
Automotive	334		323		614	601

	Second Quarter	First Six Months
	2026	2025		2026		2025
	($ in millions)
Options exercised	8,109	26,352			47,802		68,904
Cash received upon exercise	$1		$2			$5		$6
Related tax benefits realized	1		1			2		2

	Non-GAAP Reconciliation for Second Quarter 2026
	Reported (GAAP)	Merger-Related Expenses		Restructuring and Other Charges	Eastern Ohio Incident		Adjusted (non-GAAP)
	($ in millions, except per share amounts)
Railway operating expenses	$2,341		$(51)		$(6)	$(15)		$2,269
Income from railway operations	$1,124		$51		$6	$15		$1,196
Net income	$734		$42		$5	$12		$793
Diluted earnings per share	$3.26		$0.19		$0.02	$0.05		$3.52
Railway operating ratio (percent)	67.6		(1.5)		(0.2)	(0.4)		65.5

	Non-GAAP Reconciliation for Second Quarter 2025
	Reported (GAAP)	Restructuring and Other Charges		Eastern Ohio Incident		Adjusted (non-GAAP)
	($ in millions, except per share amounts)
Railway operating expenses	$1,935		$(10)		$47		$1,972
Income from railway operations	$1,175		$10		$(47)		$1,138
Net income	$768		$8		$(35)		$741
Diluted earnings per share	$3.41		$0.04		$(0.16)		$3.29
Railway operating ratio (percent)	62.2		(0.3)		1.5		63.4

	June 30, 2026	December 31, 2025
	Carrying Amount	Fair Value		Carrying Amount	Fair Value
	($ in millions)
Long-term debt, including current maturities	$(16,616)		$(15,221)		$(17,087)	$(15,865)

	Non-GAAP Reconciliation for First Six Months 2026
	Reported (GAAP)	Merger-Related Expenses		Restructuring and Other Charges	Eastern Ohio Incident		Adjusted (non-GAAP)
	($ in millions, except per share amounts)
Railway operating expenses	$4,462		$(103)		$(6)	$(25)		$4,328
Income from railway operations	$2,001		$103		$6	$25		$2,135
Net income	$1,281		$85		$5	$19		$1,390
Diluted earnings per share	$5.69		$0.38		$0.02	$0.08		$6.17
Railway operating ratio (percent)	69.0		(1.6)		(0.1)	(0.3)		67.0

	Second Quarter	First Six Months
Revenues	2026	2025		% change	2026	2025	% change
Merchandise:
Agriculture, forest and consumer products	$673		$645		4%	$1,298		$1,281	1%
Chemicals	646		546		18%	1,213		1,081	12%
Metals and construction	480		458		5%	893		872	2%
Automotive	334		323		3%	614		601	2%
Merchandise	2,133		1,972		8%	4,018		3,835	5%

Units
Merchandise:
Agriculture, forest and consumer products	184.3	186.4	(1%)	365.6	370.0	(1%)
Chemicals	153.6	139.1	10%	295.0	271.1	9%
Metals and construction	169.0	171.1	(1%)	314.5	319.4	(2%)
Automotive	103.8	104.0	—%	193.4	192.3	1%
Merchandise	610.7	600.6	2%	1,168.5	1,152.8	1%
Intermodal	1,064.1	1,010.9	5%	2,044.7	2,033.8	1%

Revenue per Unit
Merchandise:
Agriculture, forest and consumer products	$3,655	$3,456	6%	$3,551	$3,461	3%
Chemicals	4,206	3,927	7%	4,111	3,987	3%
Metals and construction	2,837	2,676	6%	2,839	2,729	4%
Automotive	3,220	3,104	4%	3,176	3,126	2%
Merchandise	3,493	3,282	6%	3,439	3,326	3%
Intermodal	853	735	16%	810	739	10%

Period	(a) Total Number of Shares (or Units) Purchased	(b) Average Price Paid per Share (or Unit)		(c) Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs (1)		(d) Approximate Dollar Value of Shares that may yet be Purchased under the Publicly Announced Plans or Programs (1)
April 1-30, 2026	—		$—			—	$6,339,415,156
May 1-31, 2026	—		—			—	6,339,415,156
June 1-30, 2026	—		—			—	6,339,415,156
Total	—				—

10.1	Amended and Restated Participation Agreement, dated as of April 1, 2026 (incorporated by reference from Exhibit 10.1 to the Company’s Form 8-K filed on April 2, 2026).
10.2	Amended and Restated Lease, Leasehold Deed to Secure Debt and Security Agreement, dated as of April 1, 2026 (incorporated by reference from Exhibit 10.2 to the Company’s Form 8-K filed on April 2, 2026).
10.3	Amended and Restated Guaranty, dated as of April 1, 2026 (incorporated by reference from Exhibit 10.3 to the Company’s Form 8-K filed on April 2, 2026).
10.4*	Commitment Termination Date Extension Request effective as of May 21, 2026 to the Amended and Restated Transfer and Administrative Agreement dated as of May 28, 2021.
10.5,*	Resignation and Consulting Agreement for John Orr dated May 31, 2026.
31-A*	Rule 13a-14(a)/15d-14(a) CEO Certifications.
31-B*	Rule 13a-14(a)/15d-14(a) CFO Certifications.
32*	Section 1350 Certifications.

Tables in the 10-Q of NORFOLK SOUTHERN CORP

Table 1 after “(Exact name of registrant as specified in its charter)”

Table 2 after “Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.”

Table 3 after “NORFOLK SOUTHERN CORPORATION AND SUBSIDIARIES”

Table 4 after “(Unaudited)”

Table 5 after “(Unaudited)”

Table 6 after “(Unaudited)”

Table 7 after “(Unaudited)”

Table 8 after “(Unaudited)”

Table 9 after “(Unaudited)”

Table 10 after “Railway operations segment revenues, expenses, and profit are disclosed below as reviewed and used by the chief operating decision maker. Th”

Table 11 after “The following table disaggregates our revenues by major commodity group:”

Table 12 after ““Accounts receivable – net” on the Consolidated Balance Sheets includes both customer and non-customer receivables as follows:”

Table 13 after “Stock-Based Compensation”

Table 14 after “stock options were granted. We granted restricted stock units (RSUs) and performance share units (PSUs) pursuant to the Long-Term Incentive ”

Table 15 after “Stock Options”

Table 16 after “ratable restriction periods and will be settled through the issuance of shares of Norfolk Southern common stock (Common Stock). Certain RSU ”

Table 17 after “The following table sets forth the calculation of basic and diluted earnings per share:”

Table 18 after “The changes in the cumulative balances of “Accumulated other comprehensive loss” reported on the Consolidated Balance Sheets consisted of th”

Table 19 after “Pension and postretirement benefit cost components were as follows:”

Table 20 after “Pension and postretirement benefit cost components were as follows:”

Table 21 after “The carrying amounts and estimated fair values, based on Level 1 inputs, of long-term debt consist of the following:”

Table 22 after “SUMMARIZED RESULTS OF OPERATIONS”

Table 23 after “GAAP adjustments were calculated based on the applicable tax rates to which the non-GAAP adjustments related. We use these non-GAAP financia”

Table 24 after “GAAP adjustments were calculated based on the applicable tax rates to which the non-GAAP adjustments related. We use these non-GAAP financia”

Table 25 after “In the table below, references to the results for the second quarters of 2026 and 2025 and related comparisons use the adjusted, non-GAAP re”

Table 26 after “25”

Table 27 after “25”

Table 28 after “In the table below, references to the results for the first six months of 2026 and 2025 and related comparisons use the adjusted, non-GAAP r”

Table 29 after “The following tables present a comparison of revenues ($ in millions), units (in thousands), and average revenue per unit ($ per unit) by co”

Table 30 after “The following tables present a comparison of revenues ($ in millions), units (in thousands), and average revenue per unit ($ per unit) by co”

Table 31 after “The following tables present a comparison of revenues ($ in millions), units (in thousands), and average revenue per unit ($ per unit) by co”

Table 32 after “Railway operating revenues increased $355 million and $360 million in the second quarter and first six months, respectively. The table below”

Table 33 after “Intermodal units (in thousands) by market were as follows:”

Table 34 after “Coal tonnage (in thousands) by market was as follows:”

Table 35 after “Railway operating expenses summarized by major classifications follow ($ in millions):”

Table 36 after “Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities”

Table 37 after “Item 6. Exhibits”