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CSX CSX Rail Operations — Fuel

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Other financials

Income statement

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Revenue$3.9B+10.1%
Operating income$1.5B+17.4%
Net income$1.0B+20.9%
EPS (diluted)$0.54+22.7%

Balance sheet

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Cash & equivalents$1.0B+160%
Total debt$19.4B+3,899%
Total equity$12.2B-2.1%
Total assets$44.7B+4.2%

Cash flow

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Operating cash flow$1.3B+109%
CapEx$576.0M-25.8%
Free cash flow$751.0M

Valuation

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Market cap$93.36B+41.2%
Enterprise value$111.71B+68.7%
P/E29×+7.7×
P/S6.4×+1.8×

Profitability

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Operating margin34.2%+0.4pp
Net margin22.2%+0.3pp
FCF margin19.3%+4.1pp

Returns & leverage

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Return on equity26.3%-2.8pp
Debt / equity1.6×+1.6×
Current ratio0.8×0.0×

Where this comes from

Reported directly by CSX in its filing.

Tagged under the XBRL concept us-gaap:FuelCosts.

The source filing: CSX’s 10-Q, filed July 22, 2026.

Filed
Jul 22, 2026, 4:02 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000277948-26-000032
(Dollars in Millions)Second Quarters / 2026 / RailSecond Quarters / 2026 / Reconciliation to ConsolidatedSecond Quarters / 2025 / RailSecond Quarters / 2025 / Reconciliation to Consolidated
Purchased Services and Other535605
Depreciation and Amortization396410
Fuel
Locomotive379226
Non-Locomotive3423
Equipment and Other Rents9290
Gain on Property Disposition(2)(4)
Segment Operating Income$1,493$1,277

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is CSX's rail operations — fuel?
CSX (CSX) reported rail operations — fuel of $379M in Q2 2026.
How has CSX's rail operations — fuel changed year-over-year?
CSX's rail operations — fuel increased by 67.7% year-over-year, from $226M to $379M.
What is the long-term trend for CSX's rail operations — fuel?
Over 3 years (2022 to 2025), CSX's rail operations — fuel has grown at a -12.9% compound annual growth rate (CAGR), from $1.38B to $914M.
What does rail operations — fuel mean?
This metric tracks the total expenditure on diesel fuel required to power the locomotive fleet for rail operations. It is highly sensitive to global energy market prices and the operational efficiency of the train network.

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