CPKC reports third-quarter 2026 revenues of $4.2 billion, up 15% from a year earlier

On October 28, 2026, Canadian Pacific Kansas City Limited (CPKC) announced its results for the three months ended September 30, 2026. Revenues rose 15% to $4.2 billion from $3.7 billion in the third quarter of 2025. Reported diluted earnings per share were $1.04, up 3% from $1.01.

Reported operating ratio rose 130 basis points to 64.8% from 63.5%. Core adjusted operating ratio rose 120 basis points to 61.9% from 60.7%. Higher fuel prices raised the reported and core adjusted operating ratios by 170 and 190 basis points, respectively. Volumes, measured in revenue ton-miles, rose 6%.

Keith Creel, CPKC President and Chief Executive Officer, said the railroad is running very well and that the company continued to grow in grain, intermodal and merchandise. He said CPKC remains on track to meet its commitments for the year and remains confident in its ability to drive growth and generate long-term returns for shareholders.