| Burlington Northern Santa Fe
Earnings Call |
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Burlington Northern Santa Fe First Quarter Earnings Call
5th May 2008 00:00 AM |
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| Net income rose 30%, as the commodities boom translated into increased volume and better prices on shipments of agricultural products and coal. |
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| While fuel costs rose, revenue from shipping agricultural products jumped 38% to $866 million, and revenue from transporting coal rose 26% to $954 million, driven by higher volume and also higher prices. Total freight revenue rose 17% to $4.14 billion, with gains in all segments. Overall volume by rail car fell 0.8%, weighed down by a big drop in volume of shipments of consumer products. Agricultural volume jumped 15%. |
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Burlington Northern Santa Fe Fourth Quarter Earnings Call
31st January 2008 00:00 AM |
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| Profit decreased to $517 million due to higher fuel costs. |
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| Revenue rose to $4.25 billion from $3.88 billion a year ago. The increase in revenue came despite a falling number of carloads on network, which is evidence of strong pricing. Fuel costs jumped to $960 million from $703 million a year earlier. Total carloads reached 2.6 million, down from 2.677 million in the same period in 2006. The company plans capital expenditures of $2.45 billion in 2008, down from the $2.59 billion it spent in 2007. |
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Burlington Northern Santa Fe First Quarter Earnings Call
19th December 2007 00:00 AM |
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| Earnings per share were 96 cents per share, including 14 cents per share environmental charge write-off of technology systems. |
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| The net impact of hedge benefit changes, higher fuel prices and increased fuel surcharge participation resulted in about $60 million headwind. The company delivered a strong revenue performance driven by continued improvements in yield quality. The company has reduced capital plan by $100 million compared to prior guidance. In Q2, the company expects compensation and benefits expense to be up about 2%. |
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Burlington Northern Santa Fe Fourth Quarter Earnings Call
19th December 2007 00:00 AM |
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| Operating expense was $2.940 billion, driven by higher volume and fuel-related expenses. |
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| Earnings per share were $1.42, which is 26% higher than the fourth quarter of 2005. The 2006 earnings per share include 3 cents per share benefit from a state tax provision adjustment. Employment increased 4%, with the increase primarily in transportation and engineering, while compensation and benefits per employee was up 5%. Equipment rents were nearly flat with 2005 because of improved velocity and equipment privatization. |
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Burlington Northern Santa Fe Third Quarter Earnings Call
19th December 2007 00:00 AM |
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| The net income increased to $530 million or $1.48 per share as against earnings of $489 million or $1.33 per share in the previous year quarter. |
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| Despite the weak economic conditions, the railroad operator reported revenue of $4.07 billion, up 3.3% from $3.94 billion in the prior year, as freight revenue grew 4% on strong volume growth in agricultural segment. While compensation and benefit expense fell 4% over prior year to $937 million on slightly lower headcount, fuel expense rose 3% to $814 million, driven by a reduction in hedge benefit of $75 million. The firm expects Q4 earnings per share to be about flat with last year. |
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