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Canadian National Railway Company (TSE:CNR)
:CNR
Canadian Market
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Canadian National Railway (CNR) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Jan 27, 2026
After Close (Confirmed)
Period Ending
2025 (Q4)
Consensus EPS Forecast
1.96
Last Year’s EPS
1.82
Same Quarter Last Year
Moderate Buy
Based on 16 Analysts Ratings

Earnings Call Summary

Q3 2025
Earnings Call Date:Nov 06, 2025|
% Change Since:
|
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial performance with EPS and cash flow growth, operational improvements, and strategic capital reductions. However, challenges remain with lower volumes due to macroeconomic factors and specific declines in forest products, compounded by safety issues.
Company Guidance
In the recent conference call, CN provided detailed guidance and metrics reflecting their strategic adjustments and forward-looking expectations. The company announced a reduction in capital expenditure for 2026, setting it at $2.8 billion, which is nearly $600 million lower than the current year's level. This adjustment is aimed at aligning capital spend with the current volume environment and is expected to bring their capital intensity to mid-teens as a percentage of revenue. CN also highlighted a focus on productivity, planning to reduce management labor costs by $75 million to improve operating efficiency. Despite macroeconomic challenges and tariff impacts, CN reported a 6% growth in EPS and a 170 basis point improvement in the operating ratio to 61.4% for the third quarter. The company anticipates continued low single-digit volume growth and maintains its guidance for mid- to high single-digit EPS growth for 2025, with further details on 2026 guidance to be provided in the fourth quarter results.
EPS and Operating Ratio Improvement
Achieved 6% growth in EPS and an operating ratio improvement of 170 basis points to 61.4%.
Free Cash Flow Growth
Free cash flow up 14% year-to-date, with sequential acceleration expected to continue into 2026.
Capital Expenditure Reduction
Announced reduction in capital spend to $2.8 billion for 2026, down nearly $600 million from 2025, due to completion of capacity expansion projects.
Operational Performance Metrics
Car velocity for the quarter was 211 miles per day, with local service commitment performance at 95%.
Share Buyback Acceleration
Accelerated share buyback in Q3, removing close to 8 million shares for just over $1 billion.

Canadian National Railway (TSE:CNR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

TSE:CNR Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Jan 27, 2026
2025 (Q4)
1.96 / -
1.82
Nov 06, 2025
2025 (Q3)
1.77 / 1.83
1.726.40% (+0.11)
Jul 22, 2025
2025 (Q2)
1.86 / 1.87
1.841.63% (+0.03)
May 01, 2025
2025 (Q1)
1.78 / 1.85
1.727.56% (+0.13)
Jan 30, 2025
2024 (Q4)
1.92 / 1.82
2.02-9.90% (-0.20)
Oct 22, 2024
2024 (Q3)
1.70 / 1.72
1.691.78% (+0.03)
Jul 23, 2024
2024 (Q2)
1.93 / 1.84
1.764.55% (+0.08)
Apr 23, 2024
2024 (Q1)
1.71 / 1.72
1.82-5.49% (-0.10)
Jan 23, 2024
2023 (Q4)
1.99 / 2.02
2.1-3.81% (-0.08)
Oct 24, 2023
2023 (Q3)
1.71 / 1.69
2.13-20.66% (-0.44)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

TSE:CNR Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 06, 2025
C$135.50C$133.47-1.50%
Jul 22, 2025
C$135.65C$130.11-4.09%
May 01, 2025
C$130.69C$138.19+5.74%
Jan 30, 2025
C$149.40C$148.97-0.29%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Canadian National Railway Company (TSE:CNR) report earnings?
Canadian National Railway Company (TSE:CNR) is schdueled to report earning on Jan 27, 2026, After Close (Confirmed).
    What is Canadian National Railway Company (TSE:CNR) earnings time?
    Canadian National Railway Company (TSE:CNR) earnings time is at Jan 27, 2026, After Close (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is TSE:CNR EPS forecast?
          TSE:CNR EPS forecast for the fiscal quarter 2025 (Q4) is 1.96.

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