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CSX Earnings Calls
| Release date | Oct 16, 2025 |
| EPS estimate | $0.424 |
| EPS actual | $0.440 |
| EPS Surprise | 3.75% |
| Revenue estimate | 3.572B |
| Revenue actual | 4.46B |
| Revenue Surprise | 24.85% |
| Release date | Jul 23, 2025 |
| EPS estimate | $0.416 |
| EPS actual | $0.440 |
| EPS Surprise | 5.85% |
| Revenue estimate | 3.576B |
| Revenue actual | 3.574B |
| Revenue Surprise | -0.0580% |
| Release date | Apr 16, 2025 |
| EPS estimate | $0.365 |
| EPS actual | $0.340 |
| EPS Surprise | -6.85% |
| Revenue estimate | 3.452B |
| Revenue actual | 3.423B |
| Revenue Surprise | -0.85% |
| Release date | Jan 23, 2025 |
| EPS estimate | $0.440 |
| EPS actual | $0.420 |
| EPS Surprise | -4.55% |
| Revenue estimate | 3.558B |
| Revenue actual | 3.539B |
| Revenue Surprise | -0.527% |
Last 4 Quarters for CSX
Below you can see how CSX performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Jan 23, 2025 |
| Price on release | $33.67 |
| EPS estimate | $0.440 |
| EPS actual | $0.420 |
| EPS surprise | -4.55% |
| Date | Price |
|---|---|
| Jan 16, 2025 | $32.97 |
| Jan 17, 2025 | $32.73 |
| Jan 21, 2025 | $33.27 |
| Jan 22, 2025 | $33.24 |
| Jan 23, 2025 | $33.67 |
| Jan 24, 2025 | $32.69 |
| Jan 27, 2025 | $33.64 |
| Jan 28, 2025 | $32.68 |
| Jan 29, 2025 | $32.98 |
| 4 days before | 2.12% |
| 4 days after | -2.05% |
| On release day | -2.91% |
| Change in period | 0.0303% |
| Release date | Apr 16, 2025 |
| Price on release | $27.35 |
| EPS estimate | $0.365 |
| EPS actual | $0.340 |
| EPS surprise | -6.85% |
| Date | Price |
|---|---|
| Apr 10, 2025 | $27.82 |
| Apr 11, 2025 | $28.01 |
| Apr 14, 2025 | $28.27 |
| Apr 15, 2025 | $27.90 |
| Apr 16, 2025 | $27.35 |
| Apr 17, 2025 | $27.68 |
| Apr 21, 2025 | $27.46 |
| Apr 22, 2025 | $27.78 |
| Apr 23, 2025 | $27.59 |
| 4 days before | -1.69% |
| 4 days after | 0.88% |
| On release day | 1.22% |
| Change in period | -0.83% |
| Release date | Jul 23, 2025 |
| Price on release | $34.97 |
| EPS estimate | $0.416 |
| EPS actual | $0.440 |
| EPS surprise | 5.85% |
| Date | Price |
|---|---|
| Jul 17, 2025 | $34.50 |
| Jul 18, 2025 | $34.39 |
| Jul 21, 2025 | $34.36 |
| Jul 22, 2025 | $35.23 |
| Jul 23, 2025 | $34.97 |
| Jul 24, 2025 | $35.00 |
| Jul 25, 2025 | $35.76 |
| Jul 28, 2025 | $35.71 |
| Jul 29, 2025 | $35.42 |
| 4 days before | 1.36% |
| 4 days after | 1.29% |
| On release day | 0.0858% |
| Change in period | 2.67% |
| Release date | Oct 16, 2025 |
| Price on release | $35.99 |
| EPS estimate | $0.424 |
| EPS actual | $0.440 |
| EPS surprise | 3.75% |
| Date | Price |
|---|---|
| Oct 10, 2025 | $35.49 |
| Oct 13, 2025 | $35.57 |
| Oct 14, 2025 | $36.13 |
| Oct 15, 2025 | $36.24 |
| Oct 16, 2025 | $35.99 |
| Oct 17, 2025 | $36.60 |
| Oct 20, 2025 | $36.67 |
| Oct 21, 2025 | $35.73 |
| Oct 22, 2025 | $35.92 |
| 4 days before | 1.41% |
| 4 days after | -0.194% |
| On release day | 1.69% |
| Change in period | 1.21% |
CSX Earnings Call Transcript Summary of Q3 2025
Key points for investors:
- Strong operational momentum: Q3 delivered the fastest train velocity since early 2021, lowest cars online since 2020, improved trip plan compliance (Intermodal TPC 93% and carload TPC 83%), lower dwell and improved fuel and horsepower productivity. Management credits SafeCSX and network fluidity for safety and operational gains.
- Major infrastructure projects complete: Howard Street Tunnel and Blue Ridge subdivision finished slightly ahead of schedule. These restore full network access, add resiliency and (starting in 2026) enable double-stack clearance through Baltimore to expand intermodal offerings into the Northeast.
- Financial results and one-time items: Reported Q3 operating income $1.1B and EPS $0.37, which include a $164M goodwill impairment related to Quality Carriers. Excluding that charge, revenue was roughly flat (-1%) with 1% volume growth. Adjusted expenses rose ~3%, including ~ $60M of severance, network disruption and advisory costs.
- Cash flow and capital priorities: YTD free cash flow $1.1B (includes >$850M outflows for Blue Ridge and postponed tax payments). CapEx guidance remains $2.5B for the year (ex-Blue Ridge). CSX returned over $2B to shareholders YTD and remains committed to opportunistic buybacks and annual dividend review.
- Outlook and guidance: Management expects full-year volume growth and a stronger Q4 versus last year's hurricane-impacted quarter. They see easing headwinds into Q4, continued cost momentum, and no change to 2025 CapEx guidance. Management also highlights roughly $100M of non-repeating network disruption costs that should not recur in 2026, providing a positive setup for margin improvement.
- Strategic posture: New CEO Steve Angel emphasizes running CSX as a strong standalone franchise, building a high-performance culture and keeping an eye on strategic opportunities (including potential industry consolidation), but says any M&A would be pursued only if it creates compelling shareholder value and under the right conditions.
