Summary
CSX Corporation reported a decrease in revenue and net earnings for the second quarter and first half of 2025 compared to the same periods in 2024. Revenue declined by 3% in Q2 and 5% for the six-month period, primarily driven by lower coal revenues and reduced merchandise volumes, partially offset by improved pricing in merchandise. Total expenses saw a modest increase of 2% in Q2 and 2% for the six months, impacted by inflation, network disruptions, and higher depreciation, while fuel costs decreased. Consequently, operating income and earnings per diluted share experienced declines. The company continues to prioritize operational efficiency and safety. Despite the revenue and earnings headwinds, CSX maintained a strong liquidity position and is progressing on its capital investment plans, including significant spending for the rebuilding of the Blue Ridge subdivision impacted by Hurricane Helene. Shareholder returns remain a focus, with ongoing share repurchases and dividend payments.
Financial Highlights
46 data points| Revenue | $3.57B |
| Operating Income | $1.28B |
| Net Income | $829.00M |
| EPS (Basic) | $0.44 |
| EPS (Diluted) | $0.44 |
| Shares Outstanding (Basic) | 1.87B |
| Shares Outstanding (Diluted) | 1.87B |
Key Highlights
- 1Revenue for the second quarter decreased by 3% to $3.57 billion, and by 5% for the first six months to $7.00 billion, compared to the prior year.
- 2Net earnings for the second quarter decreased by 14% to $829 million, and by 17% for the first six months to $1.47 billion, compared to the prior year.
- 3Earnings per diluted share (EPS) for the second quarter declined by 10% to $0.44, and by 17% for the first six months to $0.78.
- 4Total operating expenses increased by 2% in the second quarter to $2.29 billion and by 2% for the first six months to $4.67 billion.
- 5The company is investing heavily in capital expenditures, with $1.46 billion spent in the first six months of 2025, including $295 million related to Hurricane Helene recovery.
- 6CSX repurchased $1.15 billion of its stock in the first six months of 2025.
- 7The company maintained a strong liquidity position with $387 million in cash and cash equivalents at the end of the second quarter and an undrawn $1.2 billion credit facility.