Impairment charge flattens Union Pacific’s Q4 profit gains

A photograph of a Union Pacific train traveling through a field.

Union Pacific’s (NYSE: UNP) net profit for the fourth quarter of 2020 was on par with the fourth quarter of 2019 amid a $278 million, pretax, noncash impairment charge related to its change of plans for the Brazos yard in Texas.

Union Pacific’s (UP) fourth-quarter net income was $1.4 billion, or $2.05 per diluted share, compared with $1.4 billion, or $2.02 per diluted share, in the fourth quarter of 2019.

Without the impairment charge, UP’s fourth-quarter net profit would have been $1.6 billion,...

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