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Canadian National Railway (CNI)
NYSE:CNI
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Canadian National Railway (CNI) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Oct 30, 2025
After Close (Confirmed)
Period Ending
2025 (Q3)
Consensus EPS Forecast
1.35
Last Year’s EPS
1.26
Same Quarter Last Year
Moderate Buy
Based on 21 Analysts Ratings

Earnings Call Summary

Q2 2025
Earnings Call Date:Jul 22, 2025|
% Change Since: -7.48%|
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with strong operational performance and strategic initiatives offset by significant challenges from tariffs and macroeconomic uncertainties. While there are areas of growth and efficiency improvements, the impact of tariffs and revised volume expectations weigh heavily on the outlook.
Company Guidance -
Q3 2025
During CN's Second Quarter 2025 Financial and Operating Results Conference Call, the company provided updated guidance amidst a challenging economic environment marked by tariff uncertainties and macroeconomic pressures. CN reported a 2% adjusted EPS growth despite a 1% reduction in RTMs and flat carloads year-over-year. The operating ratio improved by 50 basis points to 61.7%. However, due to ongoing uncertainties, CN revised its full-year volume growth assumption to low single-digit RTM growth and adjusted its EPS growth guidance to mid- to high single digits for 2025. The company is actively managing costs, having reduced mainline manifest train starts by 8% and furloughed 560 train and engine employees. CN is also looking to reduce its CapEx envelope by about $50 million for the year, while maintaining a focus on leveraging its diversified book and strong network to navigate the current economic landscape.
Solid Bulk Volumes and Network Efficiency
Bulk volumes were very strong through the quarter due to CN's advantage network in the ag sector. Operating metrics such as velocity and customer service were robust, with a 50 basis point year-over-year improvement in margin.
Grain and Fertilizers Revenue Increase
There was a 12% increase in revenues for grain and fertilizers. Grain volumes were up 6% in Canada and almost 30% in the U.S., with potash RTMs up almost 30% driven by strong exports.
Operational Efficiency Improvements
Car velocity was at 213 miles per day with a 3% increase in train speed. The injury ratio improved by 16%, and T&E labor productivity improved by 11% year-over-year.
Free Cash Flow and Financial Management
Generated over $1.5 billion of free cash flow by June, up 5% from the previous year. Leverage at the end of Q2 was 2.5x, with plans to continue the share buyback program.

Canadian National Railway (CNI) 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

CNI Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Oct 30, 2025
2025 (Q3)
1.35 / -
1.255
Jul 22, 2025
2025 (Q2)
1.36 / 1.36
1.3431.63% (+0.02)
May 01, 2025
2025 (Q1)
1.30 / 1.35
1.2557.56% (+0.09)
Jan 30, 2025
2024 (Q4)
1.40 / 1.33
1.474-9.90% (-0.15)
Oct 22, 2024
2024 (Q3)
1.24 / 1.26
1.2331.78% (+0.02)
Jul 23, 2024
2024 (Q2)
1.41 / 1.34
1.2854.55% (+0.06)
Apr 23, 2024
2024 (Q1)
1.25 / 1.26
1.328-5.49% (-0.07)
Jan 23, 2024
2023 (Q4)
1.45 / 1.47
1.533-3.81% (-0.06)
Oct 24, 2023
2023 (Q3)
1.24 / 1.23
1.555-20.66% (-0.32)
Jul 25, 2023
2023 (Q2)
1.31 / 1.28
1.409-8.81% (-0.12)
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

CNI Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jul 22, 2025
$100.37$96.27-4.08%
May 01, 2025
$95.03$100.71+5.98%
Jan 30, 2025
$103.91$103.23-0.65%
Oct 22, 2024
$110.25$110.00-0.23%
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 (CNI) report earnings?
Canadian National Railway (CNI) is schdueled to report earning on Oct 30, 2025, After Close (Confirmed).
    What is Canadian National Railway (CNI) earnings time?
    Canadian National Railway (CNI) earnings time is at Oct 30, 2025, 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 CNI EPS forecast?
          CNI EPS forecast for the fiscal quarter 2025 (Q3) is 1.35.

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