Canadian Pacific Kansas City Limited (CPKC) reported its financial results for the three and nine months ended September 30, 2026, in a press release dated October 28, 2026. The company reported third-quarter revenues of $4.2 billion, representing a 15 percent increase compared to the same period in 2025.
In terms of profitability, CPKC reported diluted earnings per share (EPS) of $1.04 for the third quarter of 2026, a 3 percent increase from $1.01 in the prior year. The company also reported a core adjusted diluted EPS of $1.28, which increased 16 percent year-over-year from $1.10.
Operating metrics for the quarter showed that volumes, measured in revenue ton-miles, increased by 6 percent compared to Q3 2025. However, the company’s reported operating ratio (OR) increased by 130 basis points to 64.8 percent from 63.5 percent in the prior year. The core adjusted OR increased by 120 basis points to 61.9 percent from 60.7 percent in Q3 2025. The company noted that higher fuel prices unfavorably impacted the reported and core adjusted OR by 170 and 190 basis points, respectively.
For the first nine months of 2026, total revenues were reported at $12.1 billion, up from $11.2 billion in the same period in 2025. Operating income for the nine-month period was $4.2 billion, compared to $4.0 billion in the prior year.
Keith Creel, CPKC President and Chief Executive Officer, stated that the company delivered solid results driven by momentum across its North American network and that the railroad is running very well with strong service. He added that the company remains on track to meet its commitments for the year.
CPKC will host a conference call to discuss its results beginning at 4:30 p.m. ET on October 28, 2026. A replay of the call will be available through November 4, 2026.
