Norfolk Southern Corporation (NSC) Q4 2025 Earnings Call January 29, 2026 8:30 AM EST
Company Participants
Luke Nichols – Senior Director of Investor Relations
Mark George – President, CEO & Director
John Orr – COO & Executive VP
Ed Elkins – Executive VP & Chief Commercial Officer
Jason Zampi – Executive VP & CFO
Conference Call Participants
Thomas Wadewitz – UBS Investment Bank, Research Division
Brandon Oglenski – Barclays Bank PLC, Research Division
Jason Seidl – TD Cowen, Research Division
Christian Wetherbee – Wells Fargo Securities, LLC, Research Division
Scott Group – Wolfe Research, LLC
Bascome Majors – Susquehanna Financial Group, LLLP, Research Division
Brian Ossenbeck – JPMorgan Chase & Co, Research Division
Richa Talwar – Deutsche Bank AG, Research Division
Walter Spracklin – RBC Capital Markets, Research Division
David Vernon – Bernstein Institutional Services LLC, Research Division
Presentation
Operator
Good morning, ladies and gentlemen, and welcome to the Norfolk Southern Corporation Fourth Quarter 2025 Earnings Conference Call. [Operator Instructions] Also note that this call is being recorded on Thursday, January 29, 2026.
I would now like to turn the conference over to Luke Nichols, Senior Director, Investor Relations. Please go ahead.
Luke Nichols
Senior Director of Investor Relations
Good morning, everyone. Please note that during today’s call, we will make certain forward-looking statements within the meaning of the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or future performance of Norfolk Southern Corporation, which are subject to risks and uncertainties and may differ materially from actual results.
Please refer to our annual and quarterly reports filed with the SEC for a full discussion of those risks and uncertainties we view as most important. Our presentation slides are available at norfolksouthern.com in the Investors section, along with a reconciliation of any non-GAAP measures used today to the comparable GAAP measures, including adjusted or non-GAAP


