CSX Corporation Reports Mixed Q3 2025 Results

CSX Corporation ( (CSX) ) has released its Q3 earnings. Here is a breakdown of the information CSX Corporation presented to its investors.

CSX Corporation, headquartered in Jacksonville, Florida, is a leading transportation company providing rail, intermodal, and rail-to-truck transload services across a variety of markets including energy, industrial, construction, agricultural, and consumer products sectors. With a network connecting major metropolitan areas in the eastern United States, CSX plays a vital role in the nation’s economic and industrial development.

In its third quarter of 2025, CSX Corporation reported an operating income of $1.09 billion and net earnings of $694 million, or $0.37 per share. After adjusting for a non-cash goodwill impairment, the adjusted operating income was $1.25 billion, with adjusted net earnings of $818 million, or $0.44 per share. The company experienced a slight decrease in revenue to $3.59 billion, down 1% from the previous year, primarily due to lower export coal prices and a decline in merchandise volume.

Key financial metrics for the quarter revealed a 1% increase in volume to 1.61 million units, with intermodal volume growth partially offsetting declines in other areas. The adjusted operating margin stood at 34.9%, reflecting the company’s operational efficiency despite the challenges faced. Expenses rose by 10% year-over-year, driven by factors such as restructuring costs and inflation, while fuel efficiency improved slightly.

CSX’s strategic focus remains on leveraging its operational strengths to drive long-term profitable growth. The company is committed to enhancing its network’s performance, as evidenced by improvements in train velocity and safety metrics. Looking ahead, CSX is well-positioned to capitalize on its operational momentum and continue creating value for shareholders.