AI Earnings Predictions for Canadian Pacific Kansas City Limited (CP)

EX-99.1

2 exhibit991-q32026earningsr.htm

EX-99.1

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Release: October 28, 2026

CPKC reports solid third quarter results; on track to deliver a strong 2026

Calgary – Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today announced its third-quarter results, including revenues of $4.2 billion, diluted earnings per share (EPS) of $1.04 and core adjusted diluted EPS1 of $1.28.

“CPKC delivered solid results, powered by momentum across our unrivalled North American network, countering macroeconomic headwinds during the quarter,” said Keith Creel, CPKC President and Chief Executive Officer. “The railroad is running very well, our service remains strong, and we continue to deliver growth across key markets, including grain, intermodal and merchandise. Supported by disciplined execution and a robust commercial pipeline, we remain on track to meet our commitments for the year.”

Third-quarter 2026 results

•Revenues increased 15 percent to $4.2 billion from $3.7 billion in Q3 2025

•Reported operating ratio (OR) increased 130 basis points to 64.8 percent from 63.5 percent in Q3 2025

•Core adjusted OR1 increased 120 basis points to 61.9 percent from 60.7 percent in Q3 2025

◦Higher fuel prices unfavourably impacted reported and core adjusted OR1 170 and 190 basis points respectively

•Reported diluted EPS increased 3 percent to $1.04 from $1.01 in Q3 2025

•Core adjusted diluted EPS1 increased 16 percent to $1.28 from $1.10 in Q3 2025

•Volumes, as measured in revenue ton-miles, increased 6 percent from Q3 2025

“We are still in the early chapters of the CPKC story, and the long-term opportunity in front of us remains undeniable,” Creel added. “Driven by our dedicated team of railroaders and the unique advantages of our North American network, we remain confident in our ability to safely drive growth, create value for customers and generate long-term returns for shareholders.”

Conference Call Details

CPKC will discuss its results with the financial community in a conference call beginning at 4:30 p.m. ET (2:30 p.m. MT) on Oct. 28, 2026.

Conference Call Access

Canada and U.S.: 800-579-2543

International: 785-424-1789

*Conference ID: CPKCQ326

Callers should dial in 10 minutes prior to the call.

Webcast

We encourage you to access the webcast and presentation material in the Investors section of CPKC's website at investor.cpkcr.com.

A replay of the third-quarter conference call will be available through Nov. 4, 2026, at 800-839-3607 (Canada/U.S.) or 402-220-2970 (International).

1    These measures have no standardized meanings prescribed by accounting principles generally accepted in the United States of America ("GAAP") and, therefore, may not be comparable to similar measures presented by other companies. For information regarding non-GAAP measures including reconciliations and forward-looking non-GAAP measures, see attached supplementary schedule of Non-GAAP Measures.

Forward-looking information

This news release contains certain forward-looking information and forward-looking statements (collectively, "forward-looking statements") within the meaning of applicable securities laws in both the U.S. and Canada. Forward-looking statements include, but are not limited to, statements concerning expectations, beliefs, plans, goals, objectives, assumptions and statements about possible future events, conditions, and results of operations or performance. Forward-looking statements may contain statements with words or headings such as "financial expectations", "key assumptions", "anticipate", "believe", "expect", "plan", "will", "outlook", “guidance”, "should" or similar words suggesting future outcomes. This news release contains forward-looking statements relating, but not limited, to statements concerning our ability to meet our commitments for 2026, drive growth and generate long-term returns for shareholders, value creation for our customers, communities and shareholders, strategic initiatives and investments, the success of our business, the realization of anticipated benefits and synergies of the CP-KCS combination, and the opportunities arising therefrom, our operations, priorities and plans, anticipated financial and operational performance, business prospects and demand for our services and growth opportunities.

The forward-looking statements contained in this news release are based on current expectations, estimates, projections and assumptions, having regard to CPKC’s experience and its perception of historical trends, and include, but are not limited to, expectations, estimates, projections and assumptions relating to: changes in business strategies, North American and global economic growth and conditions; commodity demand growth; sustainable industrial and agricultural production; commodity prices and interest rates; foreign exchange rates; core adjusted effective tax rates; performance of our assets and equipment; sufficiency of our budgeted capital expenditures in carrying out o

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