CSX Corp. reported fourth quarter 2025 operating income of $1.11 billion and net earnings of $720 million, or $0.39 per share, slightly lower revenue than the previous year. Earnings fell short of analysts’ estimates. Revenue for the quarter was $3.51 billion, down 1% from last year due to decreased merchandise volume and export coal revenue.

Operating income was $1.11 billion, down from $1.21 billion in the prior year, with an operating margin of 31.6%. Earnings per share of $.39 were lower than adjusted EPS of $.42 year over year. The company incurred $50 million in severance and technology rationalization expenses, including job cuts and furloughs.

Steve Angel, CSX’s new president and CEO, oversaw the first earnings report, which included $50 million in expenses related to severance and technology rationalization. The company cited weak industrial demand as a factor in their financial performance, but remains optimistic about improvement in 2026 through focus on productivity, cost control, and safe service.

For the full year 2025, CSX reported revenue of $14.09 billion, operating income of $4.52 billion, and adjusted operating income of $4.69 billion. Operating margin was 32.1%, and adjusted operating margin was 33.2%. Earnings per share was $1.54, with adjusted EPS at $1.61 for the year.

Read more at Yahoo Finance: First look: CSX Q4 earnings