BNSF Reports Record Second-Quarter Earnings, Revenue
urlington Northern Santa Fe Corp. Tuesday reported second-quarter net earnings of $366 million or 96 cents a share, up from $249 million or 67 cents a year earlier.
The per-share earnings were a record, as were the railroad’s second-quarter freight revenue of $3.04 billion, up from $2.64 billion a year earlier, the company said in a statement.
Burlington Northern is the parent of western railroad BNSF Railway Co.
BNSF said Thursday it would boosts its next quarterly dividend by 18%, or 3 cents, to 20 cents a share on outstanding common stock, payable Oct. 3 to shareholders of record as of Sept. 12.
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