Quarterly ResultApr 29, 2026, 07:31 AM
CNI Q1 Revenue -1% to C$4.38B; Adj EPS -3%; FCF +44% to C$900M
AI Summary
Canadian National Railway Co reported mixed Q1 2026 results with revenues decreasing 1% to C$4.38 billion and adjusted diluted EPS falling 3% to C$1.80. Despite this, the company achieved record revenue ton miles (RTMs), increasing 3%, and free cash flow surged 44% to C$900 million. Operational performance showed improvements, including record fuel efficiency and best employee productivity in five years, though financial performance was impacted by higher costs.
Key Highlights
- Q1 Revenues decreased 1% to C$4,379 million.
- Diluted EPS increased 1% to C$1.87; adjusted diluted EPS decreased 3% to C$1.80.
- Free cash flow increased 44% to C$900 million.
- Record revenue ton miles (RTMs) increased 3% to 61,834 million.
- Operating income decreased 4% to C$1,549 million.
- Repurchased C$869 million of shares (~6 million shares) in Q1.
- Declared Q2 2026 dividend of C$0.9150 per common share.
- Achieved best first quarter employee productivity in five years.