Financial Performance - CPKC reported Q1 2025 revenues of $3.8 billion, an increase of 8% from $3.5 billion in Q1 2024[7] - Diluted EPS rose 17% to $0.97 from $0.83 in Q1 2024, while core adjusted diluted EPS increased 14% to $1.06 from $0.93[7] - Operating income for Q1 2025 was $1,317 million, compared to $1,149 million in Q1 2024, reflecting a 9% increase[111] - Net income for the three months ended March 31, 2025, was CAD 909 million, an increase of 17.4% compared to CAD 774 million for the same period in 2024[20] - Total revenues for the three months ended March 31, 2025, were CAD 3,795 million, up 7.8% from CAD 3,520 million in the same period of 2024[28] - Basic earnings per share rose by 18% to $0.98, up from $0.83 in the same quarter last year[78] - Core adjusted diluted EPS for Q1 2025 is projected at $1.06, up from $0.93 in Q1 2024[105] - The company reported total freight revenues of CAD 3,727 million for the three months ended March 31, 2025, an increase of 8.8% from CAD 3,427 million in 2024[28] Operational Efficiency - Operating ratio improved, decreasing by 210 basis points to 65.3% from 67.4% in Q1 2024[7] - Total operating expenses increased by 5% to $2,478 million, compared to $2,371 million in Q1 2024[82] - Total RTMs (Revenue Ton-Miles) increased by 4% to 53,724 million in Q1 2025, up from 51,838 million in Q1 2024[82] - Average train weight increased by 5% to 9,034 tons, compared to 8,639 tons in Q1 2024[84] - Average fuel price decreased by 4% to $3.20 per gallon, down from $3.34 in the previous year[84] Safety and Compliance - The company experienced a decrease in FRA-reportable personal injury frequency to 0.98 from 1.14 in Q1 2024[7] - FRA-reportable train accident frequency decreased to 0.38 from 0.90 in Q1 2024[7] - FRA train accidents per million train-miles improved by 58% to 0.38, down from 0.90 in Q1 2024[84] Future Outlook - CPKC expects 2025 core adjusted diluted EPS to increase between 10% and 14% compared to 2024's core adjusted diluted EPS of $4.25[4] - The company anticipates mid-single digit RTM growth and a Core adjusted effective tax rate of 24.50% for 2025[98] Financial Position - Total assets increased to CAD 88,040 million as of March 31, 2025, compared to CAD 87,744 million as of December 31, 2024[18] - Cash and cash equivalents decreased to CAD 695 million at the end of March 2025, down from CAD 739 million at the end of December 2024[20] - Total liabilities decreased slightly to CAD 38,797 million as of March 31, 2025, from CAD 38,854 million as of December 31, 2024[18] - The carrying value of the company's long-term debt was CAD 21,523 million as of March 31, 2025, with a fair value of CAD 19,853 million[43] - As of March 31, 2025, the long-term debt, including long-term debt maturing within one year, is CAD 22,652 million, a slight decrease from CAD 22,728 million in 2024[115] Shareholder Actions - The company repurchased CAD 347 million worth of common shares during the three months ended March 31, 2025[21] - The company repurchased 3,480,658 common shares at a weighted-average price of CAD 107.68, totaling CAD 375 million during the three months ended March 31, 2025[50] Legal and Environmental Matters - The Company is involved in multiple legal proceedings related to the Lac-Mégantic rail accident, with claims totaling approximately $440 million for damages[61] - The Québec Minister of Sustainable Development has issued a Cleanup Order against the Company, with a Notice of Claim for $95 million pending[62] - Environmental remediation accruals as of March 31, 2025, total $258 million, with payments expected to be made over the next 10 years[75] Acquisition-Related Costs - In Q1 2025, acquisition-related costs of $20 million impacted diluted EPS by 2 cents, primarily due to restructuring and system migration expenses[91] - For 2024, acquisition-related costs totaled $112 million, negatively affecting diluted EPS by 9 cents, with significant costs in the fourth and third quarters[94] - The company continues to incur acquisition-related costs beyond the year of acquisition due to the complexity of integrating KCS[89]

Core Insights - Canadian Pacific Kansas City (CPKC) reported strong first-quarter results for 2025, with revenues of $3.8 billion, diluted earnings per share (EPS) of $0.97, and core adjusted diluted EPS of $1.06, reflecting a solid performance despite challenging market conditions [1][2][4]. Financial Performance - Revenues increased by 8% to $3.8 billion from $3.5 billion in Q1 2024 [8]. - Reported diluted EPS rose by 17% to $0.97 from $0.83 in Q1 2024 [8]. - Core adjusted diluted EPS increased by 14% to $1.06 from $0.93 in Q1 2024 [8]. - Operating ratio (OR) improved, decreasing by 210 basis points to 65.3% from 67.4% in Q1 2024 [8]. - Core adjusted OR decreased by 150 basis points to 62.5% from 64.0% in Q1 2024 [8]. - Volumes, measured in Revenue Ton-Miles (RTMs), increased by 4% [8]. Updated Earnings Guidance - CPKC amended its 2025 earnings guidance due to uncertainties from evolving trade policies and recession risks, now expecting core adjusted diluted EPS to increase between 10% and 14% compared to 2024's core adjusted diluted EPS of $4.25 [3][4]. Operational Highlights - The company emphasized its focus on operational efficiency and safety, leveraging its extensive North American network to meet solid freight demand [2][3]. - The Federal Railroad Administration (FRA)-reportable personal injury frequency decreased to 0.98 from 1.14 in Q1 2024, and train accident frequency decreased to 0.38 from 0.90 in Q1 2024, indicating improved safety performance [8]. Conference Call Information - CPKC will discuss its results in a conference call scheduled for April 30, 2025, at 4:30 p.m. ET [5][6].

Core Points - Canadian Pacific Kansas City Limited (CPKC) announced a quarterly dividend increase of 20% from $0.19 to $0.228 per share [1][2] - The dividend is part of CPKC's commitment to returning cash to shareholders and reflects the company's successful debt repayment following the merger of Canadian Pacific and Kansas City Southern [2] - The dividend will be payable on July 28, 2025, to shareholders on record as of June 27, 2025, and qualifies as an "eligible" dividend under Canadian tax legislation [2] Company Overview - CPKC is the first and only single-line transnational railway connecting Canada, the United States, and Mexico, with extensive access to major ports across North America [3] - The railway spans approximately 20,000 route miles and employs around 20,000 railroaders, providing comprehensive rail service and network reach to key markets [3] - CPKC is focused on growth alongside its customers, offering a range of freight transportation services, logistics solutions, and supply chain expertise [3]

Wall Street analysts expect Canadian Pacific Kansas City (CP) to post quarterly earnings of $0.74 per share in its upcoming report, which indicates a year-over-year increase of 7.3%. Revenues are expected to be $2.66 billion, up 2% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.8% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a c ...

Group 1 - Canadian Pacific Kansas City (CPKC) will be represented by John Brooks, Executive Vice-President and Chief Marketing Officer, at the 2025 Bank of America Industrials, Transportation and Airlines Key Leaders Conference on May 14, 2025 [1] - CPKC is the first and only single-line transnational railway connecting Canada, the United States, and Mexico, providing extensive access to major ports across North America [2] - The company operates approximately 20,000 route miles and employs around 20,000 railroaders, offering a wide range of freight transportation services and logistics solutions [2] Group 2 - CPKC aims to grow alongside its customers by providing supply chain expertise and unparalleled rail service across key markets in North America [2] - The company will provide a live audio webcast of the conference, with a replay available after the event [1]

Group 1 - Canadian Pacific Kansas City (CPKC) will be represented by Executive Vice-President and Chief Financial Officer Nadeem Velani at the 2025 RBC Capital Markets Canadian Industrials Conference on May 13, 2025 [1] - The conference will feature a live audio webcast accessible at investor.cpkcr.com, with a replay available after the event [1] Group 2 - CPKC is the first and only single-line transnational railway connecting Canada, the United States, and Mexico, providing extensive access to major ports across North America [2] - The railway spans approximately 20,000 route miles and employs around 20,000 railroaders, offering significant rail service and network reach to key markets [2] - CPKC is focused on growth alongside its customers, providing a range of freight transportation services, logistics solutions, and supply chain expertise [2]

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Company Overview - Canadian Pacific Kansas City (CP) shares increased by 9% to close at $73.18, following President Trump's announcement to pause "reciprocal" import taxes for 90 days [1] - The stock had previously experienced an 8.1% loss over the past four weeks [1] Earnings Expectations - CP is expected to report quarterly earnings of $0.75 per share, reflecting a year-over-year increase of 8.7% [2] - Revenue projections stand at $2.62 billion, which is a 0.5% increase from the same quarter last year [2] Earnings Estimate Revisions - The consensus EPS estimate for CP has been revised slightly lower over the last 30 days, indicating a negative trend in earnings estimate revisions [3] - Negative trends in earnings estimate revisions typically do not lead to price appreciation, suggesting caution for future stock performance [3] Industry Comparison - CP is part of the Zacks Transportation - Rail industry, where another company, Norfolk Southern (NSC), saw a 7.6% increase in its stock price, closing at $222.02 [3] - NSC has experienced a return of -11.4% over the past month, with its consensus EPS estimate revised down by 1.2% to $2.83, representing a year-over-year change of 13.7% [4]

Company Announcement - Canadian Pacific Kansas City (CPKC) will release its first-quarter 2025 financial and operating results after market close on April 30, 2025 [1] - A conference call to discuss the results will take place at 4:30 p.m. ET on the same day [1] Conference Call Details - Call access for Canada and the U.S. is available at 800-274-8461, and for international callers at 203-518-9814 [2] - Callers are advised to dial in 10 minutes prior to the call [2] Webcast Information - The webcast and presentation materials can be accessed in the Investors section of CPKC's website [3] - A replay of the conference call will be available until May 7, 2025, through specified phone numbers [3] Company Overview - CPKC is the first and only single-line transnational railway linking Canada, the U.S., and Mexico, with access to major ports across North America [4] - The company operates approximately 20,000 route miles and employs 20,000 railroaders, providing extensive rail service and network reach [4] - CPKC offers a range of freight transportation services, logistics solutions, and supply chain expertise to its customers [4]

Core Viewpoint - Canadian Pacific Kansas City Limited (CPKC) and Lanco Group/Mi-Jack have sold the Panama Canal Railway Company (PCRC) to APM Terminals, enhancing CPKC's focus on its core North American rail business [1][3]. Company Overview - CPKC is the first and only single-line transnational railway linking Canada, the United States, and Mexico, with approximately 20,000 route miles and 20,000 employees [6]. - APM Terminals operates advanced container terminals globally, with a presence in 60 locations across 33 countries and approximately 33,000 employees [4]. Financial Performance - In 2024, PCRC generated revenue of US$77 million and EBITDA of US$36 million [2]. Strategic Implications - The sale of PCRC is seen as a move to optimize assets and create shareholder value, allowing CPKC to concentrate on its North American operations [3]. - APM Terminals views PCRC as an attractive infrastructure investment that aligns with its core services of intermodal container movement [3]. Historical Context - PCRC has been a 50/50 joint venture between CPKC subsidiary Kansas City Southern and Lanco Group/Mi-Jack since its formation in 1998, operating a 47-mile railway adjacent to the Panama Canal [2][3].