CANADIAN PACIFIC KANSAS CITY LTD/CN (CP) Form 10-Q — Oct 28, 2026
Canadian Pacific Kansas City reported Q3 2026 revenues of $4,219 million, up 15% year over year, with diluted EPS of $1.04 (+3%) and core adjusted diluted EPS of $1.28 (+16%). Grain revenue jumped 29% and intermodal rose 22%, driven by volume growth and higher fuel surcharge revenue of $629 million. The quarter's core adjusted operating ratio deteriorated 120 bps to 61.9%, and the reported effective tax rate jumped to 32.79% due to a $94 million CRA reassessment tied to the KCS acquisition and a $17 million Mexican tax settlement. CPKC has objected to disputed CRA positions and believes reserves are sufficient.
Key figures
- Eps
- 1.04
- Revenue
- 4219000000
- Net Income
- 916000000
- Revenue Yoy
- 15%
- Total Assets
- 89443000000
- Cash Position
- 399000000
- Shares Outstanding
- 869554740
- Operating ratio q3 2026
- 64.8%
- Grain revenue q3 2026 yoy
- 29%
- Shares repurchased 9m 2026
- 28134076
- Operating cash flow 9m 2026
- 4252000000
- Core adjusted diluted eps yoy
- 16%
- Share repurchases 9m 2026 cad
- 3431000000
- Commercial paper outstanding usd
- 1535000000
- Core adjusted diluted eps q3 2026
- 1.28
- Subsequent debt issuance oct 6 2026
- 1800000000
- Dividends declared per share q3 2026
- 0.268
- Core adjusted operating ratio q3 2026
- 61.9%
- Freight revenue per rtm q3 2026 cents
- 7.2
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