CSX Corporation Quarterly Earnings Overview

CSX Corp. (NASDAQ:CSX) is a leading entity in the transportation sector, known for its comprehensive rail, intermodal, and rail-to-truck transload services. The company has been a cornerstone in connecting major metropolitan areas across the eastern United States, significantly contributing to the nation's economic and industrial growth. Competing with other major North American railroads, CSX aims to sustain its industry leadership.

In the third quarter of 2025, CSX disclosed its financial outcomes, presenting an operating income of $1.09 billion and net earnings of $694 million, which equates to $0.37 per share. After adjusting for a non-cash goodwill impairment charge of $164 million, the adjusted figures stood at an operating income of $1.25 billion, with adjusted net earnings of $818 million, or $0.44 per share. These results show a downturn from the third quarter of 2024, where the company reported an operating income of $1.35 billion and net earnings of $894 million, or $0.46 per share.

Despite the dip in earnings, CSX's President and CEO, Steve Angel, expressed pride in the company's operational achievements. He underscored the workforce's dedication and the company's relentless pursuit of excellence within the North American railroad sector. Angel also pointed out CSX's robust operational standing and its prospects for enduring profitable growth and value generation for shareholders, supported by Cowen & Co.'s ongoing "Buy" rating for CSX.

The company observed a 1% uptick in volume, reaching 1.61 million units compared to the same quarter in 2024, alongside a 2% sequential increase. Nevertheless, quarterly revenue saw a 1% year-over-year reduction, settling at $3.59 billion. This decline was mainly attributed to diminished export coal prices and a drop in merchandise volume, albeit partly mitigated by enhanced revenue from various sources, improved merchandise pricing, and an uptick in intermodal volume.

CSX's financial indicators for the quarter included a revenue of $4.46 billion, a net income of $673 million, and a gross profit of $1.96 billion. The operating income was reported at $1.066 billion, with an EBITDA of $1.511 billion. The cost of revenue stood at $2.5 billion, and the pre-tax income was $877 million, with an income tax expense of $204 million.

CSX Corporation, listed on the NASDAQ as CSX, is a leading transportation company in the United States, primarily focused on rail-based freight transportation. The company competes with other major rail operators like Union Pacific and Norfolk Southern. On October 17, 2025, Stephanie Moore from Jefferies set a price target of $42 for CSX, suggesting a potential increase of approximately 13.45% from its current price of $37.02.

In the third quarter of 2025, CSX reported mixed financial results. The company's earnings per share (EPS) of 44 cents exceeded the Zacks Consensus Estimate of 42 cents, although it represented a 4.3% decline from the previous year. This indicates that while CSX managed to surpass expectations, it still faced challenges compared to its performance a year ago.

CSX's total revenues for the quarter were $3.59 billion, slightly missing the Zacks Consensus Estimate and marking a 1% decrease year over year. This decline was mainly due to lower export coal prices and reduced merchandise volume. However, the company managed to offset some of these challenges with higher merchandise pricing, increased other revenues, and growth in intermodal volume.

The company's adjusted operating income for the quarter fell significantly to $1.25 billion, with an adjusted operating margin of 34.9%. Despite these revenue challenges, CSX saw a slight increase in total volumes by 1% compared to the previous year. This suggests that while the company faced headwinds, it was able to maintain some level of growth in its operations.

Currently, CSX's stock price is $36.97, reflecting an increase of approximately 2.72% or $0.98. The stock has traded between a low of $36.43 and a high of $37.18 today. Over the past year, CSX has reached a high of $37.25 and a low of $26.22. With a market capitalization of approximately $68.9 billion and a trading volume of 11.89 million shares today, CSX remains a significant player in the transportation industry.

CSX Corporation (NASDAQ:CSX) is a leading transportation company in the United States, primarily focused on rail-based freight transportation. It operates an extensive rail network, providing services that include traditional rail transport, intermodal services, and rail-to-truck transfers. CSX competes with other major rail companies like Union Pacific and Norfolk Southern.

On October 17, 2025, Cowen & Co. maintained its "Buy" rating for CSX, with the stock priced at approximately $36.84. This endorsement aligns with TD Cowen's decision to raise the price target for CSX from $38 to $39, as highlighted by TheFly. The current stock price of CSX is $36.93, reflecting a 2.61% increase with a change of $0.94.

CSX's Q3 2025 Earnings Report Highlights

CSX's Q3 2025 earnings report revealed a revenue of $3.59 billion. Although this slightly missed year-over-year expectations, it exceeded consensus estimates. The company's adjusted earnings per share (EPS) stood at $0.44, surpassing estimates despite a $164 million goodwill impairment related to Quality Carriers. Without this one-off impairment, the adjusted EPS would have been approximately $0.51.

CSX has demonstrated improved operational efficiency, with car miles per day increasing to 136.6 and enhanced fuel efficiency. The company has also strategically expanded its intermodal services in the Northeast, further solidifying its position as a great value play. CSX's market capitalization stands at approximately $68.85 billion, with a trading volume of 4.41 million shares today.

• The average target price for CSX Corporation (NASDAQ:CSX) remains stable at $37, reflecting a consistent analyst outlook despite past fluctuations.
• CSX faced a 7% year-over-year decline in revenue in the first quarter, attributed to weaker coal prices and reduced fuel surcharges, yet managed to meet consensus expectations.
• Despite revenue and profit declines, analyst Ken Hoexter from Bank of America Securities sets a price target of $38 for CSX, indicating cautious optimism for the company's future.

CSX Corporation (NASDAQ:CSX) is a major player in the rail-based freight transportation industry, providing essential services across a vast network that connects key population centers and industries. The company's stock has experienced some fluctuations in its consensus target price over the past year. Currently, the average target price is $37, showing stability compared to $37.69 a year ago. This consistency reflects analysts' steady outlook on CSX's performance.

Despite a challenging first quarter, CSX's stock has seen a positive movement, rising by 1.2% as the market shifts focus towards earnings. The company faced a 7% year-over-year decline in revenue, primarily due to weaker coal prices and reduced fuel surcharges. However, CSX managed to meet consensus expectations, indicating resilience in a mixed market environment, as highlighted by the Nasdaq Composite and S&P 500's fractional gains.

The recent uptick in CSX's target price from the last quarter's $35 to $37 suggests a positive shift in analysts' expectations. This could be attributed to improved market conditions or strategic initiatives within the company. Despite the decline in revenue, CSX's demand remains steady, as noted by CEO Joe Hinrichs in a conversation with CNBC's Morgan Brennan. The company's dividend yield stands at 1.9%, but it faces competition from the 10-Year Treasury Note, which offers better risk-adjusted returns.

CSX's first-quarter 2025 earnings report revealed a decline in revenue and profit, falling short of Wall Street expectations. The decrease in coal revenue and fuel surcharges offset gains in intermodal, impacting the company's financial performance. Analyst Ken Hoexter from Bank of America Securities has set a price target of $38 for CSX, reflecting cautious optimism about the company's future prospects.

As CSX navigates its earnings season, investors and stakeholders should monitor upcoming company announcements and industry trends that could influence analysts' target prices and the stock's performance. The company's recent earnings conference call, attended by major financial institutions, provided insights into its strategic direction and financial performance, highlighting the importance of staying informed in a dynamic market landscape.

• The average target price for CSX Corporation (NASDAQ:CSX) remains stable at $37, reflecting a consistent analyst outlook despite past fluctuations.
• CSX faced a 7% year-over-year decline in revenue in the first quarter, attributed to weaker coal prices and reduced fuel surcharges, yet managed to meet consensus expectations.
• Despite revenue and profit declines, analyst Ken Hoexter from Bank of America Securities sets a price target of $38 for CSX, indicating cautious optimism for the company's future.

CSX Corporation (NASDAQ:CSX) is a major player in the rail-based freight transportation industry, providing essential services across a vast network that connects key population centers and industries. The company's stock has experienced some fluctuations in its consensus target price over the past year. Currently, the average target price is $37, showing stability compared to $37.69 a year ago. This consistency reflects analysts' steady outlook on CSX's performance.

Despite a challenging first quarter, CSX's stock has seen a positive movement, rising by 1.2% as the market shifts focus towards earnings. The company faced a 7% year-over-year decline in revenue, primarily due to weaker coal prices and reduced fuel surcharges. However, CSX managed to meet consensus expectations, indicating resilience in a mixed market environment, as highlighted by the Nasdaq Composite and S&P 500's fractional gains.

The recent uptick in CSX's target price from the last quarter's $35 to $37 suggests a positive shift in analysts' expectations. This could be attributed to improved market conditions or strategic initiatives within the company. Despite the decline in revenue, CSX's demand remains steady, as noted by CEO Joe Hinrichs in a conversation with CNBC's Morgan Brennan. The company's dividend yield stands at 1.9%, but it faces competition from the 10-Year Treasury Note, which offers better risk-adjusted returns.

CSX's first-quarter 2025 earnings report revealed a decline in revenue and profit, falling short of Wall Street expectations. The decrease in coal revenue and fuel surcharges offset gains in intermodal, impacting the company's financial performance. Analyst Ken Hoexter from Bank of America Securities has set a price target of $38 for CSX, reflecting cautious optimism about the company's future prospects.

As CSX navigates its earnings season, investors and stakeholders should monitor upcoming company announcements and industry trends that could influence analysts' target prices and the stock's performance. The company's recent earnings conference call, attended by major financial institutions, provided insights into its strategic direction and financial performance, highlighting the importance of staying informed in a dynamic market landscape.

Shares of CSX Corp (NASDAQ:CSX) dropped more than 3% pre-market today after the railroad operator reported fourth-quarter results that fell short of analyst expectations. The company struggled with a challenging operating environment, citing weather disruptions and infrastructure setbacks.

CSX reported earnings per share of $0.38, missing Wall Street’s consensus estimate of $0.44. Revenue for the quarter came in at $3.54 billion, narrowly below analysts’ projections of $3.59 billion.

The company highlighted the impact of significant challenges in 2024, including disruptions from major hurricanes and the Key Bridge outage earlier in the year. Despite these setbacks, the company emphasized its commitment to maintaining high levels of customer satisfaction.

In contrast, competitor Union Pacific delivered stronger results, exceeding profit expectations thanks to improved shipping volumes and effective pricing strategies. However, Union Pacific’s performance was tempered by lower fuel surcharge revenues and a less profitable cargo mix.

CSX’s results underscore the difficulties the railroad faced in navigating external disruptions, while its rival Union Pacific managed to leverage favorable conditions more effectively, widening the competitive gap. Investors will be watching closely as CSX seeks to address these headwinds heading into 2025.