CPKC Reports 13% Revenue and EPS Growth in Q2 2026

Earnings
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Summary · why it matters

Canadian Pacific Kansas City reported second-quarter 2026 revenue of $4.2 billion, a 13% increase from $3.7 billion a year earlier, while core adjusted diluted earnings per share rose 13% to $1.27. Volume measured by revenue ton-miles grew 4%, supported by record grain loadings and cross-border traffic, though coal revenue fell 18% on a 29% volume decline due to customer mine production issues. The core adjusted operating ratio was 61.6%, up 90 basis points from 60.7%, impacted by higher fuel prices and casualty costs. Management projected land bridge revenue of $600 million for 2026, up from $100 million in 2023, and reiterated a path to $1 billion. CEO Keith Creel expressed formal opposition to further North American rail consolidation, citing potential operational risks and reduced competitive options for shippers.

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