Burlington Northern Santa Fe Reports All-Time Record EPS and Operating Income#### FORT WORTH, Texas, January 23, 2007:- Fourth-quarter 2006 earnings per diluted share were $1.42, or 26 percent higher than fourth-quarter 2005 earnings per diluted share of $1.13.
- Fourth-quarter freight revenues increased $323 million to $3.77 billion on a 4-percent increase in volume.
- Operating income was $942 million, an increase of $142 million, or 18 percent, compared with the fourth quarter of 2005.
- For 2006, BNSF achieved $5.10 earnings per diluted share compared with $4.01 for 2005.
- For 2006, BNSF exceeded $1 billion in free cash flow before dividends and achieved $712 million in free cash flow after dividends.
Burlington Northern Santa Fe Corporation (BNSF) (NYSE: BNI) today reported record quarterly earnings of $1.42 per diluted share, a 26-percent increase over fourth-quarter 2005 earnings of $1.13 per diluted share.
“BNSF continued to have industry-leading volume growth in the fourth quarter of 2006, and we experienced our 19th consecutive quarter of year-over-year volume increases,” said Matthew K. Rose, BNSF Chairman, President and Chief Executive Officer. “Looking forward, we anticipate strong demand will continue for freight rail transportation, reflecting our diverse portfolio of businesses and leading to improved revenues and earnings.”
Fourth-quarter 2006 freight revenues increased $323 million, or 9 percent, to $3.77 billion compared with $3.45 billion in the prior year. Revenue for the fourth quarter of 2006 included fuel surcharges of approximately $450 million compared with approximately $400 million for the fourth quarter of 2005. The increase in fuel surcharges was driven primarily by increased participation in BNSF’s fuel surcharge program.
Coal revenues rose by $138 million, or 22 percent, to $775 million, as a result of record loadings of Powder