Canadian Pacific Kansas City (CP) came out with quarterly earnings of $0.95 per share, missing the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $0.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.04%. A quarter ago, it was expected that this railroad would post earnings of $0.81 per share when it actually produced earnings of $0.8, delivering a surprise of -1.23%.Over the last four quarters, t ...

Financial Data and Key Metrics Changes - For Q4 2025, revenue was CAD 3.9 billion, up 1% year-over-year, with an operating ratio of 55.9, reflecting a 120 basis points improvement. Earnings per share (EPS) was CAD 1.33, up 3% compared to the previous year [6][29] - For the full year 2025, revenue reached CAD 15.1 billion, an increase of 4%, with a volume growth of 4%. The operating ratio improved by 140 basis points to 59.9, and core EPS was CAD 4.61, up 8% [7][30] Business Line Data and Key Metrics Changes - In the bulk segment, grain revenues increased by 4% on 2% volume growth, driven by a record Canadian grain harvest of 85 million metric tons, up 20% from the previous year [20][22] - Potash revenues decreased by 2% despite a 2% volume growth, while coal revenue increased by 2% with a 1% decline in volumes [22][23] - The merchandise segment saw energy, chemicals, and plastics revenue down 3% on a 5% volume decline, while forest products revenue declined by 13% on a 12% decrease in volumes [23][24] Market Data and Key Metrics Changes - The intermodal segment experienced a revenue increase of 3% with a 4% volume growth, supported by strong performance from international intermodal volumes [26] - The automotive franchise reported a revenue decline of 3% despite a 1% volume growth, impacted by production slowdowns and supply chain challenges [25] Company Strategy and Development Direction - The company aims for mid-single-digit volume growth in 2026, driven by strong bulk business and unique growth drivers, including record grain harvests [8][10] - Continued investment in capital, including the addition of 100 new locomotives in 2026, is planned to support growth and improve operational efficiency [11][17] - The company is focused on executing its Precision Scheduled Railroading (PSR) model to maintain competitive advantages and improve margins [8][28] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth outlook for 2026, emphasizing the strength of the grain harvest and the company's ability to control costs and execute its operational model [8][34] - The management acknowledged potential headwinds from macroeconomic conditions and trade policies but remains focused on what can be controlled [34] Other Important Information - The company announced a new 5% share repurchase program for 2026, reflecting confidence in its share price and commitment to returning cash to shareholders [33][34] - The company achieved record safety performance, with a train accident frequency of 0.91, which is 12% better than the previous year [15][16] Q&A Session Summary Question: Volume growth assumptions for 2026 - Management acknowledged challenges in Q1 but expressed confidence in mid-single-digit growth driven by grain and intermodal sectors, with synergies from previous wins contributing to this outlook [38][39] Question: Impact of reciprocal switching proposals - Management indicated that if service quality is maintained, there should be no concern regarding reciprocal switching proposals, emphasizing the importance of providing good service [46][47] Question: Operating ratio potential with mid-single-digit RTM growth - Management discussed the goal of achieving continuous improvement in operating ratio, targeting around 100 basis points improvement per year, supported by strong pricing and volume growth [51][56] Question: Revenue and volume mix for 2026 - Management highlighted potential headwinds in early 2026 due to tariffs and macroeconomic factors but expects stabilization and growth as the year progresses [60][62]

Financial Data and Key Metrics Changes - For Q4 2025, revenue was CAD 3.9 billion, up 1% year-over-year, with an operating ratio of 55.9, reflecting a 120 basis point improvement. Earnings per share (EPS) was CAD 1.33, up 3% from the previous year [6][29] - For the full year 2025, revenue reached CAD 15.1 billion, a 4% increase, with a volume growth of 4%. The operating ratio improved by 140 basis points to 59.9, and core EPS was CAD 4.61, up 8% [7][30] Business Line Data and Key Metrics Changes - In the bulk segment, record grain revenues increased by 4% on 2% volume growth, driven by a record harvest in Canada [20] - Potash revenues decreased by 2% despite a 2% volume growth, while coal revenue increased by 2% despite a 1% decline in volumes [22][23] - The merchandise franchise saw a 3% decline in energy, chemicals, and plastics revenue due to lower volumes, while automotive revenue decreased by 3% despite a 1% volume growth [24][25] - Intermodal revenue increased by 3% on 4% volume growth, with international intermodal volumes up 5% [26] Market Data and Key Metrics Changes - Canadian grain volumes were up 2% due to a record harvest, while U.S. grain volumes also increased by 2% [20] - The North American crop for 2026 is expected to be a record, with estimates of an 85 million metric ton Canadian harvest, up 20% from last year [21] Company Strategy and Development Direction - The company aims for mid-single-digit volume growth in 2026, driven by strength in the bulk business and unique growth drivers [8] - Continued investment in capital, including 100 new locomotives in 2026, supports growth and operational efficiency [11] - The company is focused on executing its Precision Scheduled Railroading (PSR) model to maintain competitive advantages [8][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving low double-digit earnings growth in 2026, despite macroeconomic uncertainties [34] - The company highlighted its strong operational performance and cost control measures in response to demand softness [28] Other Important Information - The company announced a new 5% share repurchase program for 2026, reflecting its commitment to returning cash to shareholders [34] - The operating team achieved record safety performance, with a train accident frequency of 0.91, which is 12% better than the previous year [15][16] Q&A Session Summary Question: Can you elaborate on the mid-single-digit volume growth assumption? - Management acknowledged challenges in Q1 but expressed optimism about grain volumes and synergies from previous wins contributing to growth [38][39] Question: What are the implications of reciprocal switching proposals? - Management indicated that providing good service mitigates concerns about competition from reciprocal switching, emphasizing the importance of service quality [46][47] Question: How does the company view the operating ratio potential moving forward? - Management aims for continuous improvement in operating ratio, targeting around 100 basis points of improvement per year with strong volume and pricing [51][56] Question: What impact might the harbor maintenance tax exemption have on cross-border volumes? - Management noted that cross-border volume is currently a small part of the business, so changes in the harbor maintenance tax are not a significant concern [77] Question: What are the updated thoughts on M&A and the recent application rejection? - Management reiterated that the rejection highlights the complexity of mergers and the need for factual support for any future applications [81][82]

Canadian Pacific Kansas City (NYSE:CP) Q4 2025 Earnings call January 28, 2026 04:30 PM ET Speaker12Good afternoon. My name is Angela, and I will be your conference operator today. At this time, I would like to welcome everyone to CPKC's fourth quarter and full year 2025 conference call. The slides accompanying today's call are available at investor.cp kc.com. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you w ...

Canadian Pacific Kansas City reported fourth quarter revenues that were 1% higher at $3.9 billion from a year ago, but saw unadjusted earnings per share fall to $1.20 from $1.28 y/y. The Calgary-based railroad (NYSE: CP) said core adjusted diluted EPS was $1.33, up 3% from $1.29 in Q4 2024. The operating ratio improved 80 basis points to 58.9%, a network record, along with historic marks in train weights, network speed, locomotive productivity and car miles per car day. “Our fourth quarter and full-yea ...

Chief Executive Keith Creel said that the railroad was able to control costs during a challenging market where it contended with macroeconomic and trade policy headwinds. ...

Q4 2025 EARNINGS REVIEW January 28, 2026 FORWARD-LOOKING STATEMENTS This investor presentation contains forward-looking information and forward-looking statements within the meaning of applicable securities laws in both the United States ("U.S.") and Canada (collectively, "forward-looking statements"). Forward- looking statements include, but are not limited to, statements concerning expectations, beliefs, plans, goals, objectives, assumptions and statements about possible future events, conditions, and res ...

Release: January 28, 2026 CPKC showcases strength of Precision Scheduled Railroading; delivers record margins Calgary – Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today announced its fourth-quarter results, including revenues of $3.9 billion, diluted earnings per share (EPS) of $1.20 and core adjusted diluted EPS of $1.33. 1 Fourth-quarter 2025 results "Our fourth quarter and full year results demonstrate exceptional execution in a challenging market by controlling what we could control," said ...

Additionally, CPKC today announced that Marc Parent has been appointed to the board effective Jan. 27, 2026, and that Kate Stevenson has been nominated to stand for election as a director at CPKC's Annual General Meeting of Shareholders in April 2026. CALGARY, AB, Jan. 28, 2026 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) announced today that, as part of its ongoing board succession planning, Gordon Trafton, a current member of the CPKC board, has been appointed vice-chair of the ...

"CPKC's strong free cash flow generation, robust growth pipeline, and proven operational execution underpin our confidence in launching this new share repurchase program," said CPKC President and CEO Keith Creel. "We remain firmly committed to creating long-term shareholder value through disciplined and opportunistic capital allocation." CPKC has terminated its existing normal course issuer bid which commenced on March 3, 2025 and had an expiry date of March 2, 2026 (the "2025 NCIB"). CPKC repurchased and c ...