Earnings call briefThird-quarter 2026
Canadian Pacific Kansas City expects full-year capex of about $2.65 billion
That is 15% below last year, and the company said its long-term capex range is $2.6 billion to $2.8 billion.
GetSignal Canadian Pacific Kansas City CP
Chief Financial Officer Nadeem Velani said on the third-quarter call that the company remains on track for full-year capital expenditures of approximately $2.65 billion, a 15% reduction from last year. Year-to-date capital expenditures were $2 billion, down 12% from last year. Velani said the full-year figure might rise modestly from that level, given where the Canadian dollar is.
Quotes from the call
“Year-to-date capital expenditures were $2 billion, down 12% from last year, and we remain on track to deliver full year CapEx of approximately $2.65 billion, a 15% reduction versus last year.”
“...we've guided long term $2.6 billion to $2.8 billion range of CapEx.”
Key facts from the call
- Expected full-year capex
- Approximately $2.65 billion, a 15% reduction from last year
- Year-to-date capex
- $2 billion, down 12% from last year
- Long-term capex range
- $2.6 billion to $2.8 billion
Source: Canadian Pacific Kansas City's third-quarter 2026 earnings call, October 28, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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