Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) will release its third-quarter 2026 financial and operating results after the markets close on October 28, 2026. The transnational railway operator plans to discuss these results with the financial community in a conference call beginning at 4:30 pm ET on the same day.

Conference Call Details

The earnings call will commence at 4:30 pm ET (2:30 pm MT) on October 28, 2026. Investors and analysts can access the live webcast and presentation materials via the Investors section of the company's website. A replay of the conference call will be available by phone through November 4, 2026.

Access Information

Participants may dial in using the following numbers:

• Canada and U.S.: 800-579-2543
• International: 785-424-1789
• Conference ID: CPKCQ326

Callers are advised to dial in 10 minutes prior to the start of the call. The replay is accessible via phone at 800-839-3607 (Canada/U.S.) or 402-220-2970 (International).

About Canadian Pacific Kansas City

Headquartered in Calgary, Alberta, Canadian Pacific Kansas City is the first and only single-line transnational railway linking Canada, the United States, and México. The network spans approximately 20,000 route miles and employs approximately 20,000 railroaders. The company provides freight transportation services, logistics solutions, and supply chain expertise across North America.

Canadian Pacific Kansas City (NYSE: CP) reported a 13% increase in revenue and 4% volume growth for the second quarter of 2026, driven by record freight activity across its three-nation network.

Core adjusted diluted earnings per share rose 13% to $1.27, supported by disciplined pricing and operational efficiency despite higher fuel costs. The company’s core adjusted operating ratio was 61.6%, up 90 basis points year-over-year, reflecting cost headwinds that were offset by volume leverage.

Financial Performance

The railroad delivered strong top-line growth while managing significant input cost inflation. Fuel expense surged 49% year-over-year due to a 52% rise in on-highway diesel prices, though improved fuel efficiency mitigated some impact. Compensation costs rose driven by wage inflation and stock-based compensation.

Cash flow generation remained robust, with year-to-date adjusted free cash reaching $1.3 billion, up 25% from the prior year. Net cash from operating activities increased 8% year-to-date. The company returned $2.4 billion to shareholders in the first half through dividends and buybacks.

Operational & Commercial Highlights

Growth was broad-based across key franchises. Bulk commodities saw record grain revenue, up 24% on 19% volume growth, fueled by strong demand into Mexico and the Pacific Northwest. Energy, chemicals, and plastics revenue grew 8% on 6% volume gains. Automotive revenue jumped 19% on 8% volume growth, marking another record quarter.

Management highlighted the success of its single-line network connecting Canada, the U.S., and Mexico. Land bridge traffic between Canada and Mexico is projected to reach $600 million this year, up from $100 million in 2023. New services like the Southeast Mexico Express gained momentum, with volumes increasing more than 30% from the first quarter.

What the Numbers Show

Despite a 13% revenue increase, the core adjusted operating ratio expanded by 90 basis points to 61.6%. This divergence indicates that cost pressures—specifically fuel and compensation—outpaced revenue growth in terms of margin impact. However, the 13% rise in diluted EPS demonstrates that the underlying volume growth and pricing power were sufficient to drive absolute profit expansion even as margin compression occurred.

Safety metrics showed a slight deterioration, with personal injury frequency and train accidents increasing versus the prior year, though they remain near industry benchmarks. The company continues to invest in fleet modernization, having received all 70 scheduled Wabtec locomotives for 2026.

Outlook

Management expects continued double-digit earnings growth for full-year 2026. Capital expenditures are guided at $2.65 billion for the year, representing a 15% reduction from the prior year. The commercial pipeline remains robust, with customers seeking supply chain simplification and border friction reduction enabled by CPKC’s unique network.