Norfolk Southern Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; Provides Production Guidance for the Second Half and Full Year of 2018
For the year to date, the company reported, total railway operating revenues of $10,551, million, income before income taxes of $3,128, million, net income of $5,404, million, compared to total railway operating revenues of $9,888, million, income before income taxes of $2,582, million, net income of $1,668, million, for the same period a year ago. Net cash provided by operating activities was $3,253 million, against $3,034 million, a year ago. Property additions were $1,723 million, against $1,887 million, a year ago. Adjusted income from railway operations was $863 million, against $3,435 million, a year ago. Adjusted income from railway operations was $3,435 million. Adjusted net income was $1,922 million. Diluted earnings per share were $18.61. Adjusted diluted earnings per share were $6.61.
For the second half of 2018, natural gas liquids are expected to decline as the Mariner East 2 pipeline becomes fully operational.
For the full year, the company expects opportunities for growth in intermodal and merchandise markets, while coal is expected to decline.