Current Report · Items 2.02, 7.01, 9.01 · 8-K

Norfolk Southern Corp.

NSCNYSEEQUITYCurrent

Results of Operations and Financial Condition · Regulation FD Disclosure

Item 2.02 Results of Operations and Financial Condition.

Filed Apr 24, 2026Accepted Apr 24, 2026, 8:05 AM EDTCIK 702165Accession 0001193125-26-175084

Company context

Since 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Today, it operates a 22-state freight transportation network. Committed to furthering sustainability, Norfolk Southern helps its customers avoid approximately 15 million tons of yearly carbon emissions by shipping via rail. Its dedicated team members deliver approximately 7 million carloads annually, from agriculture to consumer goods. Norfolk Southern also has the most extensive intermodal network in the eastern U.S. It serves a majority of the country's population and manufacturing base, with connections to every major container port on the Atlantic coast as well as major ports across the Gulf Coast and Great Lakes. Learn more by visiting www. NorfolkSouthern.com.

Current securities

NSCNYSE · EQUITY · Current

Recent company filings

Disclosure sections

Items 2.02, 7.01, 9.01

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Item 2.02Item 2.02 - Results of Operations

Item 2.02 Results of Operations and Financial Condition.

Item 7.01Item 7.01 - Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On April 24, 2026, Norfolk Southern Corporation (the “Company”) issued a press release reporting first-quarter results for 2026, as well as its Quarterly Financial Data for the first quarter of 2026. A copy of the press release is attached as Exhibit 99.1 and a copy of the Quarterly Financial Data is attached as Exhibit 99.2, each of which is incorporated by reference herein. These documents are also available on the Company’s website, www.norfolksouthern.com.* This unaudited financial information and summary of certain notes to the consolidated financial statements should be read in conjunction with: (a) the consolidated financial statements and notes included in the Company's latest Annual Report on Form 10-K and in subsequent Quarterly Reports on Form 10-Q; and (b) any Current Reports on Form 8-K. The information contained in this Current Report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Filed exhibits (2)

EX-99.1 (by filename) nsc-ex99_1.htm

EX-99.1 2 nsc-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE Norfolk Southern reports first quarter 2026 results Results reflect disciplined execution on safety, service, and cost control through a dynamic first quarter ATLANTA, April 24, 2026 - Norfolk Southern Corporation (NYSE: NSC) announced Friday its first quarter 2026 financial results. In the quarter, revenue was $3.0 billion, income from railway operations was $877 million, operating ratio was 70.7%, and diluted earnings per share were $2.43. Adjusting the results to exclude merger-related expenses and the effects of the Eastern Ohio incident, first quarter income from railway operations was $939 million, the operating ratio was 68.7%, and diluted earnings per share were $2.65. “In the first quarter, our team stayed focused on what we could control, operating with discipline amid volatile volumes, severe winter weather, and a rapidly shifting macroeconomic environment including the dramatic rise in fuel prices in March,” said Mark George, president and chief executive officer of Norfolk Southern. “Despite these challenges, our employees safely delivered a solid service product, managed costs effec…

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EX-99.2 (by filename) nsc-ex99_2.htm

EX-99.2 3 nsc-ex99_2.htm EX-99.2 EX-99.2 Exhibit 99.2 Norfolk Southern Corporation and Subsidiaries Consolidated Statements of Income (Unaudited) First Quarter 2026 2025 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── (in millions, except per share amounts) Railway operating revenues Merchandise $ 1,885 $ 1,863 Intermodal 749 760 Coal 364 370 Total railway operating revenues 2,998 2,993 Railway operating expenses Compensation and benefits …

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