Canadian Pacific Kansas City (CP)
NYSE:CP
Want to see CP full AI Analyst Report?
Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.91Last Year’s EPS
0.82Same Quarter Last Year
Strong Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational momentum and several material wins — record grain volumes, measurable productivity gains (train weight/length, locomotive productivity, velocity), meaningful shareholder returns (buybacks and a 17.5% dividend increase), and new commercial contracts/SMX launch. Offsetting these positives were near-term revenue and yield pressures (freight revenue -3%, cents/RTM -4%), FX and fuel timing effects, coal and forest product segment weakness, and modest deterioration in some safety and below-the-line metrics. Management characterized many headwinds as transitory and expects Q2 reacceleration, returning to double-digit EPS growth later in the year.Company Guidance
Quarterly Revenue and Volume
Total revenues of $3.7 billion for Q1 FY2026 with RTM volume growth of 2% and management reporting record Q1 RTM growth (6 of the past 7 years for the franchise).
Core Profitability Metrics
Core adjusted operating ratio of 63% (reported OR 66%) and core adjusted diluted EPS of $1.04 (reported diluted EPS $0.94).
Operational Productivity Gains
Since Q1 2024 train weight increased 9%, train length increased 7%, locomotive productivity improved 8%, fuel efficiency improved 2%, and system velocity improved by 4% — driving better cycle times and asset utilization.
Record Grain Performance
Grain was a standout: grain revenue up 14% and volumes up 12% year-over-year; Canadian grain volumes +13% (record harvest up ~20%) and U.S. grain volumes +12%. Trains from Canada/US into Mexico increased ~50%.
Shareholder Returns Increased
Company repurchased $680 million of stock in Q1, announced a new buyback authorization to repurchase up to 45 million shares, and increased the quarterly dividend by 17.5%.
Capital Allocation and CapEx Reduction
CapEx guidance set at $2.65 billion for the year (15% reduction year-over-year) and net cash used in investing activities down 6% with capex spend 7% lower in the quarter.
Fleet and Network Investments
Received 36 of 100 Tier 4 locomotives (in addition to 100 delivered in 2025) and completed capital improvements on SMX East-West corridor enabling speeds up to 49 mph — investments driving efficiency and reliability.
Commercial Wins and Intermodal Momentum
Extended long-term contracts with Hapag-Lloyd and Loblaw; intermodal volumes +3%, international intermodal +8%, MMX train volumes +12% YoY (ninth consecutive quarter of double-digit growth); launching faster SMX product with CSX to capture truck-to-rail conversion.
Cost Control and Fuel Efficiency
Fuel expense declined to $458 million (down 4% YoY) driven by elimination of Canadian federal carbon tax, improved efficiency and contract discounts; fuel efficiency improvements yielded ~$8 million in savings YoY. Purchased services and other expense down 3% YoY.
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
CP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $84.28 | $86.96 | +3.18% |
Jan 28, 2026 | $71.63 | $75.68 | +5.66% |
Oct 29, 2025 | $72.85 | $72.30 | -0.77% |
Jul 30, 2025 | $75.22 | $73.07 | -2.85% |
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 (CP) report earnings?
Canadian Pacific Kansas City (CP) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Canadian Pacific Kansas City (CP) earnings time?
Canadian Pacific Kansas City (CP) earnings time is at Aug 05, 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 CP EPS forecast?
CP EPS forecast for the fiscal quarter 2026 (Q2) is 0.91.
