NORFOLK SOUTHERN $NSC Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $3.5B (Est. $3.48B) 🟢; +14% YoY 🔹 Adj. EPS: $3.62 (Est. $3.47) 🟢; +10% YoY Other Q3 Metrics: 🔹 Adj. Income from Railway Ops: $1.2B; +7% YoY 🔹 Adj. Operating Ratio: 65.4%; +210 bps YoY 🔹 Volume: +3% YoY 🔹 GAAP Income from Railway Ops: $1.2B; +5% YoY 🔹 GAAP Operating Ratio: 67.4% Key Updates: 🔹 GAAP EPS: $3.37; adj. EPS of $3.62 excludes merger-related expenses and the effects of the Eastern Ohio incident 🔹 Merger-related expenses and effects of the Incident: $70M ($0.25 per share), excluded from adjusted results Comments: 🔸 “Norfolk Southern delivered another quarter of solid execution, with record revenues, and strong earnings growth aided by continued productivity gains across the network, reflecting continued momentum in our business and the dedication of our team.”