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.
