“CSX performed well this quarter by providing reliable and efficient service to our customers through changing market conditions, while improving our expense profile,” President and CEO Steve Angel said April 22 during the Class I railroad’s first-quarter 2026 financial report.
CSX’s first-quarter 2026 operating income was $1.25 billion, compared to $1.04 billion in the prior-year period. Net earnings were $807 million, or $0.43 per diluted share, compared to $646 million, or $0.34 per diluted share in first-quarter 2025.
Volume in first-quarter 2026 totaled 1.56 million units for the quarter, up 3% compared to first-quarter 2025. Revenue totaled $3.48 billion for first-quarter 2026, increasing 2% year-over-year, “as higher merchandise pricing, intermodal volume growth, higher domestic coal revenue, and increased fuel surcharge revenue were partially offset by a decrease in export coal revenue, including the impact of lower benchmark rates,” CSX reported.
“As we remain disciplined on costs and take advantage of opportunities for profitable growth, we continue to make progress toward best-in-class performance. I am encouraged by our railroad’s prospects for this year and over the long term,” Angel said.
Download the 1Q26 Financial Report below.
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