Core adjusted EPS of $1.28 grew 16% YoY and was in line with the $1.31 consensus. Revenue beat consensus by ~$9M. Monitor Q4 for continued volume momentum in grain and intermodal, and for any impact from fuel costs on operating ratio. The company's reaffirmed commitment to 2026 targets supports the positive read.
Price Chart
Executive Summary
CPKC reported Q3 2026 revenue of $4.2B (+15% YoY) and core adjusted diluted EPS of $1.28 (+16% YoY), beating the consensus EPS estimate of $1.31 on a GAAP basis. GAAP diluted EPS was $1.04, up 3% YoY. The core adjusted EPS beat was driven by strong volume growth (RTMs +6%) and revenue gains across grain, intermodal, and merchandise, partially offset by higher fuel costs and a 130 bps increase in reported operating ratio to 64.8%.
Key Financial Metrics
Key Facts
- Revenue of $4.219B, up 15% YoY from $3.661B, above the $4.21B consensus
- GAAP diluted EPS of $1.04, up 3% YoY from $1.01
- Core adjusted diluted EPS of $1.28, up 16% YoY from $1.10
- Consensus EPS estimate was $1.31 (GAAP basis); actual GAAP EPS of $1.04 missed by -20.6%, but core adjusted EPS of $1.28 beat the consensus of $1.31 by -2.3% (in_line)
- Revenue ton-miles (RTMs) increased 6% YoY
- Reported operating ratio worsened 130 bps to 64.8%; core adjusted OR worsened 120 bps to 61.9%
- Fuel prices unfavorably impacted reported OR by 170 bps and core adjusted OR by 190 bps
- Grain revenue +29%, intermodal +22%, automotive +9% YoY
- Company remains on track to meet 2026 commitments
- Share repurchases of $1.487B in Q3 2026 (11.5M shares at avg $128.80)
Financial Impact
Revenue $4.219B (+15% YoY); core adjusted diluted EPS $1.28 (+16% YoY); GAAP diluted EPS $1.04 (+3% YoY)
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Grain | $904.0M | +28.8% |
| Coal | $254.0M | -0.4% |
| Potash | $182.0M | +9.0% |
| Fertilizers and sulphur | $105.0M | +2.9% |
| Forest products | $211.0M | +9.3% |
| Energy, chemicals and plastics | $763.0M | +8.8% |
| Metals, minerals and consumer products | $532.0M | +16.2% |
| Automotive | $373.0M | +8.8% |
| Intermodal | $815.0M | +22.0% |
Risk Factors
- Higher fuel costs pressured operating ratio by 170-190 bps
- Reported operating ratio deteriorated 130 bps to 64.8%
- Income tax expense included $94M charge from CRA reassessment and $17M from SAT settlement, unfavorably impacting GAAP EPS by $0.13
- Net income attributable to controlling shareholders was flat YoY at $917M
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302922607 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 today | 8-K | $89.73 | awaiting T+5 | awaiting T+5 | $89.68 (−0.05%) |
Oct 28, 2026 2d ago | 8-K | No price | awaiting T+5 | awaiting T+5 | No price |
Oct 28, 2026 2d ago | Press Release | $87.23 | awaiting T+5 | awaiting T+5 | $89.68 (+2.81%) |
Oct 28, 2026 2d ago | Press Release | $89.43 | awaiting T+5 | awaiting T+5 | $89.68 (+0.28%) |
Oct 27, 2026 2d ago | Institutional Cluster | $89.43 | awaiting T+5 | awaiting T+5 | $89.68 (+0.28%) |
Oct 21, 2026 9d ago | Institutional Cluster | $90.62 $88.37 | ▼ −2.48% | ▼ −3.19% | $89.68 (−1.04%) |
Oct 2, 2026 28d ago | Press Release | $85.94 $84.46 | ▲ +1.72% | ▲ +2.88% | $89.68 (−4.35%) |
Sep 28, 2026 4w ago | Press Release | $86.51 $85.43 | ▼ −1.25% | ▼ −3.20% | $89.68 (+3.66%) |
Aug 21, 2026 10w ago | Court Ruling | $94.68 $92.69 | ▼ −2.10% | ▼ −2.57% | $89.68 (−5.28%) |
Jul 29, 2026 13w ago | Press Release | $91.29 $91.45 | ▲ +0.18% | ▼ −5.35% | $89.68 (−1.76%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers