CSX Corporation reported record quarterly revenue of $3.94 billion for the second quarter of 2026, beating the Street estimate of $3.9 billion. Net earnings rose 21% to $1.00 billion, with diluted earnings per share increasing 23% to $0.54, which exceeded the consensus estimate of 52 cents. The company raised its full-year 2026 outlook, now expecting mid- to high-single-digit revenue growth, operating margin expansion of greater than 350 basis points, and free cash flow growth of greater than 80%. Capital spending outlook remains unchanged at less than $2.4 billion.

Following the announcement, CSX stock was up 4.43% to $52.14 in Wednesday’s extended trading. CEO Steve Angel attributed the performance to the team's ability to manage substantial volume growth while maintaining a focus on safety and productivity.

Financial Performance

The following table outlines CSX's key financial metrics for the second quarter of 2026 compared to the same period in 2025:

Operational Highlights

CSX improved safety metrics, with the FRA injury rate improving 19% and the train accident rate improving 30% year over year. Fuel efficiency improved for the fourth consecutive quarter. The company managed volume growth while reducing non-fuel expenses by 2% compared to the prior year, though total expenses increased 6% due to higher fuel costs.

Segment Performance

Merchandise revenue grew 8% on 4% higher volume, with strength in chemicals and metals. Intermodal revenue surged 26% on 9% higher volume, driven by domestic conversions and new service offerings. Coal revenue increased 9% on 4% higher volume, supported by export growth and stable domestic prices.

CSX Corporation’s Board of Directors has approved a quarterly dividend of $0.14 per share on the company’s common stock. The dividend is payable on Sept. 15, 2026, to shareholders of record at the close of business on Aug. 31, 2026. This decision provides direct returns to shareholders and underscores the company’s commitment to distributing capital.

CSX, based in Jacksonville, Florida, operates as a premier transportation company providing rail, intermodal, and rail-to-truck transload services. The company serves a diverse range of markets, including energy, industrial, construction, agricultural, and consumer products. Its network connects major metropolitan areas in the eastern United States, linking approximately 250 short-line railroads and over 70 ports with population centers and farming towns.

The following table summarizes the dividend details:

For nearly 200 years, CSX has played a role in the nation’s economic expansion and industrial development. The company’s infrastructure supports the movement of goods across the eastern United States, where nearly two-thirds of the nation’s population resides. Additional financial information and disclosures are available on the company’s investor relations website.