Overview

• Norfolk Southern reported a $750 million profit in Q1 2025, or $3.31 per share, a major recovery from last year’s derailment-impacted earnings.
• The profit included $141 million in insurance payments related to the 2023 East Palestine derailment, which exceeded cleanup expenses.
• Excluding the insurance windfall, underlying earnings of $609 million, or $2.69 per share, surpassed analyst expectations by three cents per share.
• CEO Mark George highlighted operational improvements, overcoming winter disruptions to increase efficiency and grow shipments by 1%.
• Governance changes following activist investor pressure and a leadership overhaul have contributed to Norfolk Southern’s recovery trajectory.