Quarterly ResultJul 30, 2026, 06:07 AM
Canadian Pacific Q2 Revenue $4.16B, Net Income $1.02B; Major Legal Wins
AI Summary
Canadian Pacific Kansas City Ltd. reported Q2 2026 total revenues of $4,164 million, a 12.6% increase year-over-year. Net income attributable to controlling shareholders was $1,024 million, with basic earnings per share at $1.16, both lower than Q2 2025 which included a significant gain on sale of an equity investment. The company also announced significant legal victories, with the Supreme Court of Canada and the Maine Federal Court dismissing all appeals and claims related to the Lac-Mégantic rail accident.
Key Highlights
- Q2 2026 total revenues increased 12.6% to $4,164 million from $3,699 million in Q2 2025.
- Q2 2026 net income attributable to controlling shareholders was $1,024 million, down from $1,234 million.
- Q2 2026 basic earnings per share was $1.16, compared to $1.34 in Q2 2025.
- Dividends declared per share for Q2 2026 increased to $0.268 from $0.228 in Q2 2025.
- Repurchased $1,298 million of Common Shares in Q2 2026 under its NCIB program.
- Issued $1,621 million in long-term debt and increased commercial paper program to $2.2 billion.
- Supreme Court of Canada and Maine Federal Court dismissed all appeals/claims in Lac-Mégantic rail accident cases.
Price Impact
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