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Canadian Pacific Kansas City (TSE:CP)
TSX:CP
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.12Last Year’s EPS
1.06Same Quarter Last Year
Strong Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple operational and financial positives: year-over-year revenue and EPS growth, industry‑leading improvements in operating ratio, record operational metrics and safety achievements, a record grain crop and tangible intermodal momentum (MMX, SMX, Americold) that underpin mid-single-digit RTM growth and low double-digit EPS guidance for 2026. Management also highlighted strong cash generation, ongoing fleet investment and synergy progress. Offsetting these positives are near-term headwinds: tariff-related revenue impacts (~$200M+), segment-specific softness (notably forest products and parts of ECP and automotive), export delays from weather and a Q4 increase in personal injuries. Management expects a tougher Q1 but sees rate and volume tailwinds later in the year. Overall, positives (structural operational gains, growth catalysts, cash returns and margin improvement) outweigh the near-term and segmental challenges.Company Guidance
Quarterly Revenue and EPS Growth
Q4 revenue of $3.9 billion, up 1% year-over-year; core adjusted diluted EPS of $1.33, up 3% year-over-year.
Full-Year Revenue, Volume and EPS Gains
Full-year revenue $15.1 billion, up 4% with volume growth of 4%; core adjusted diluted EPS $4.61, up 8% year-over-year.
Industry-leading Margin Improvement
Q4 core adjusted operating ratio (OR) 55.9%, an improvement of 120 basis points year-over-year; full-year core adjusted OR 59.9%, improved 140 basis points.
Record Operational and Safety Performance
Record results in train weight, train speed, locomotive productivity and car velocity; network ~13% faster since merger and car velocity nearly 14% stronger. FRA train accident frequency improved (full-year 0.85, 16% better). Company produced another year of record safety performance.
Strong Bulk & Grain Opportunity
Record grain revenues up 4% in Q4 on +2% volumes; management cites an estimated Canadian harvest of ~85 million metric tons (noted as up 20% from prior year estimates) as a multi-quarter growth tailwind into 2026.
Intermodal Momentum and New Services
Intermodal revenue up 3% on 4% volume growth; international intermodal volumes +5%; MMX service growth ~40% year-over-year; new SMX (with CSX) and Americold initiatives expected to drive further intermodal growth in 2026.
Capital and Cash Return Actions
Net cash provided by operating activities $5.3 billion, up 1% year-over-year; announced new 5% share repurchase program for 2026 after completing prior repurchases; CapEx disciplined with 2026 outlook reduced ~15% to $2.65 billion.
Fleet Investment and Synergy Progress
100 Tier IV locomotives delivered in 2025 and 100 more scheduled for 2026; integration synergies exiting 2025 at ~$1.2 billion run rate with management targeting an incremental ~$200 million (~$1.4 billion run rate) by year-end 2026.
Cost and Productivity Improvements
Fuel expense down 8% year-over-year (partly from elimination of Canadian federal carbon tax); compensation and benefits flat vs. prior year reflecting productivity gains offsetting wage inflation; purchased services and other expenses declined on productivity and insourcing.
TSE:CP Earnings History
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:CP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 28, 2026 | C$97.28 | C$102.27 | +5.13% |
Oct 29, 2025 | C$101.99 | C$101.63 | -0.35% |
Jul 30, 2025 | C$104.60 | C$101.67 | -2.80% |
Apr 30, 2025 | C$99.70 | C$100.22 | +0.53% |
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 Pacific Kansas City (TSE:CP) report earnings?
Canadian Pacific Kansas City (TSE:CP) is schdueled to report earning on Apr 29, 2026, After Close (Confirmed).
What is Canadian Pacific Kansas City (TSE:CP) earnings time?
Canadian Pacific Kansas City (TSE:CP) earnings time is at Apr 29, 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:CP EPS forecast?
TSE:CP EPS forecast for the fiscal quarter 2026 (Q1) is 1.12.
