Quarterly ResultApr 30, 2026, 06:07 AM
CP Q1 Revenue $3.7B, Net Income $846M, EPS $0.94
AI Summary
CANADIAN PACIFIC KANSAS CITY LTD/CN reported Q1 2026 total revenues of $3,701 million, a decrease from $3,795 million in Q1 2025. Net income attributable to controlling shareholders was $846 million, down from $910 million, with basic EPS at $0.94 compared to $0.98 in the prior year. The company increased dividends declared per share to $0.228 and repurchased $646 million in Common Shares. Significant legal developments include a favorable summary judgment in the MMAR bankruptcy case and the Alberta Court of Appeal allowing CPKC's appeal in the Remington Development Corporation claim, ordering a new trial.
Key Highlights
- Total revenues decreased to $3,701 million from $3,795 million year-over-year.
- Net income attributable to controlling shareholders was $846 million, down from $910 million YoY.
- Basic earnings per share decreased to $0.94 from $0.98 year-over-year.
- Dividends declared per share increased to $0.228 from $0.190 YoY.
- Repurchased $646 million of Common Shares, up from $375 million YoY.
- Issued $1,621 million in long-term debt and repaid $345 million.
- Commercial paper program maximum size increased to U.S. $2.2 billion from U.S. $1.5 billion.
- Court granted CPKC's motion for summary judgment in MMAR bankruptcy case, dismissing claims.
Price Impact
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