Quarterly ResultJul 29, 2026, 04:23 PM
CPKC Q2 Revenue $4.2B (+13%); Core Adj. EPS $1.27 (+13%)
AI Summary
Canadian Pacific Kansas City (CPKC) reported strong second-quarter 2026 results, with revenues increasing 13% to $4.2 billion. Core adjusted diluted earnings per share grew 13% to $1.27, despite a 14% decrease in reported diluted EPS due to a prior-year gain on equity investment sale. The company expressed confidence in accelerating volume and earnings growth in the second half of 2026, driven by its North American strategy and synergy realization.
Key Highlights
- Q2 2026 revenues increased 13% to $4.2 billion from $3.7 billion in Q2 2025.
- Q2 2026 core adjusted diluted EPS rose 13% to $1.27 from $1.12 in Q2 2025.
- Q2 2026 reported diluted EPS decreased 14% to $1.15 from $1.33 in Q2 2025.
- Volumes, measured in revenue ton-miles, increased 4% in Q2 2026.
- Issued $1.2 billion in new long-term unsecured notes during the six months ended June 30, 2026.
- Increased commercial paper program maximum size from $1.5 billion to $2.2 billion.
- Repurchased 10.86 million common shares for $1.298 billion in Q2 2026.
- Grain revenue increased to $925 million from $743 million, while Coal revenue decreased to $209 million from $256 million.
Price Impact
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