Quarterly ResultJul 24, 2026, 07:32 AM
CNI Q2 Adjusted EPS +11%; Raises 2026 Guidance
AI Summary
CN reported strong Q2 2026 results with adjusted diluted EPS increasing by 11% to C$2.08 and revenues up 11% to C$4,753 million. The company also raised its 2026 financial guidance, now expecting low single-digit RTM growth and mid-to-high single-digit adjusted diluted EPS growth. Free cash flow for the first half of 2026 increased by 19% to C$1,842 million, and CN repurchased C$454 million in shares.
Key Highlights
- Diluted EPS increased 10% to C$2.06; adjusted diluted EPS rose 11% to C$2.08.
- Raised 2026 guidance: low single-digit RTM growth and mid-to-high single-digit adjusted diluted EPS growth.
- Revenues increased 11% to C$4,753 million in Q2 2026.
- Operating income grew 9% to C$1,781 million; adjusted operating income rose 10% to C$1,798 million.
- Free cash flow for H1 2026 increased 19% to C$1,842 million.
- Repurchased C$454 million of shares in Q2 2026 (approx. 2.9 million shares).
- Declared a quarterly dividend of C$0.9150 per common share.
- Revenue Ton Miles (RTMs) increased 5% year-over-year to 62,250 million.
Price Impact
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