June 2026 Amtrak Financial Report

• The June Report was dated July 31, 2026, and posted on July 30, 2026.  It was posted early.

• The Northeast Corridor (NEC) has an operating surplus of $273.2 million, and the remaining National System has an operating deficit of $659.8 million. Combined, the deficit is $386.6 million.

• The NEC has capital expenditures of $2.5 billion and debt service of $147.0 million, and with Federal Grants and Capital Sources, a carryover balance for the year of $126.3 million plus any accumulated reserves from previous years.  

• The National System has capital expenditures of $1.3 billion and $0.1 million in debt service. With Federal Grants and Capital Sources, the balance is a negative $659.8 million, plus any accumulated reserves from previous years. 

• The combined accumulated reserves at October 1, 2025, totaled $242 million in cash and cash equivalents, $116 million in short-term investments, and $2.8 billion in available-for-sale securities. This brings total cash reserves as of October 1, 2025, to $3.1 billion. The current ratio (Current Assets divided by Current Liabilities) was 1.38, which would make Amtrak quite creditworthy for any fresh borrowings. 

• In June, the burn rate was $597.2 million.

• The total Capital Spending for the year to date is $3.827 billion, and breaks down as:

  • Capital Renewal: $634.5 million;

  • Mechanical: $258.1 million;

  • Operations: $32.6 million;

  • Digital Technology: $178.3 million;

  • ADA: $151.5 million;

  • Stations & Facilities: $48.6 million;

  • Amtrak Police & Emergency Management: $0.1 million;

  • Safety: $0.2 million;

  • Environmental: $5.5 million;

  • Procurement and other: $2.5 million;

  • Acela 21: $97.7 million;

  • Bridges, Tunnels & Track: $860.1 million;

  • Mega Program: $11.1 million;

  • Planning & Strategy: $283.2 million;

  • B&P Tunnel: $340.7 million;

  • Airo: $228.5 million;

  • Major Stations: $120.2 million;

  • Long-Distance Equipment Procurement: $3.8 million;

  • Facilities: $452.0 million;

  • Power: $19.2 million;

  • Commercial: $2.1 million;

  • Finance and other: $9.9 million;

  • The total was $284.7 million less than FY2025 for the same period. 

• The GAAP loss for the year to date appears to be $1,290.6 billion, which is $58.5 million better than FY2025. The cash operating earnings for the year to date were $91.0 million better than in FY2025. The cash operating loss in June 2026 was $57.1 million. 

• For cash operating earnings, the corporation is $28.5 million behind its prediction for the fiscal year so far. The GAAP figure is $347.2 million better than the Forecast.

• The number of product lines showing an operating surplus for the period was six. The five product lines that were measurable:

  • Northeast Regional: $184.9 million;

  • Acela: $160.6 million;

  • Auto Train: $13.1 million;

  • Ethan Allen: $2.7 million;

  • Adirondack: $1.3 million.

• The four Virginia product lines generated a total loss of $25.2 million.

• Ridership for the Fiscal Year so far is more than 1,699,300 from FY2025. 

• For the year, Ridership stands at 27,222,000 (Amtrak reports ridership to the nearest 100). The total number of riders in June was 3,321,100.  

• The Amtrak Board of Directors had an open meeting. On the positive side, it was announced that work on one of the two East River Tunnels serving Sunnyside Yard has been completed, and the tunnel will reopen to trains on August 13, 2026. Three of the Cascade Aero Train Sets will enter service this fall (the exact date has not yet been announced). The cutover for the remaining track will be conducted between October 9 and November 16. 

• The tunnel under the US Capitol will be completely shut down from October 16 to October  26. Everything running south (Crescent, Cardinal, Carolinian, Palmetto and Amtrak Virginia services (Roanoke, Norfolk, Newport News and Richmond) will be shut down completely. The Silver Star will be cut back to Miami to Jacksonville. The Floridian will be severed, with Miami-Jacksonville and Pittsburgh-Chicago also running. Despite the old Capitol Limited being able to run to DC without going through the tunnel, for some reason, they cannot run the Floridian into DC. On the other hand, planning alternate service 2 and a half months in advance is too much of a strain to figure out alternate locations to turn the trains; it's much easier just to cancel them without alternate service.  

• The Senate passed a Continuous Resolution to keep the government open through December 11, 2026. Amtrak's appropriations for this period would be pro rata with the current level of appropriations. Also included was an extension of the Bipartisan Infrastructure Bill (BIL) through the same date. A move to pro-rata the advanced appropriations was unsuccessful. However,  it is expected that a new BIL will be considered along with the budget bills in the Fall Session.

Steve Musen, Representative from Rhode Island to NARP's Council of Representatives