Canadian Pacific Kansas City Limited (CP) Earnings Call Transcripts

Canadian Pacific Kansas City Limited's Latest Earnings Call - June 10, 2026

In the second quarter of fiscal year 2026, Canadian Pacific Kansas City Limited (CP:CA) reported a positive trajectory in volume growth and maintained its guidance for mid-single-digit volume growth and double-digit EPS growth. Revenue and earnings figures were not disclosed in the transcript, but management expressed confidence in their operational performance and pricing discipline. The company highlighted a strong outlook for grain shipments and an optimistic view on auto transport, suggesting potential catalysts for stock performance moving forward.

Reported metrics

Guidance from management

Management maintained their guidance for mid-single-digit volume growth and double-digit EPS growth for the fiscal year 2026, indicating confidence in operational performance and market conditions.

What management said

Thanks, everybody, for joining us. Appreciate it. We're getting back on the transportation track. We are very excited to be joined by Canadian Pacific. This morning, we have John Brooks, EVP, Chief Marketing Officer from the company; as well as Mark Redd, EVP, Chief Operating Officer. Ashley is also here in the front row. Thanks very much for coming, guys. Really appreciate you joining us at the conference today.

Great. Well, I think probably the best way to kick off, which is what we've been doing is maybe just a little bit of a current market update, if you will. Maybe we'll start, John, with you on what you're seeing from a market perspective on volume, and then we can turn it over to Mark to talk a little bit about what's happening from an operations perspective.

What analysts pressed on

Analysts expressed concerns regarding potential disruptions from ongoing labor negotiations and the regulatory environment surrounding future mergers in the industry. They are particularly focused on how these factors may impact operational efficiency and competitive positioning.

Main topics on the call

• Volume Growth Outlook — Management indicated a positive volume trend, stating, "the volume trend continues to be positive and sort of week-over-week, we continue to see a little bit of an uptick." They expect mid-single-digit volume growth for ...
• Pricing Discipline — Management emphasized their commitment to pricing discipline, stating, "we have been the most disciplined price leader in the industry, and we're not going to back off." They anticipate pricing growth in the range of 3.5...
• Grain Shipment Strength — Grain shipments are expected to remain robust, with management noting, "we continue to see a pretty steady or above-average grain shipments." They highlighted a record crop in Canada and strong orders for the upcoming we...
• Auto Transport Opportunities — Management expressed optimism regarding auto transport, stating, "the demand is strong" and highlighting a closed-loop network that enhances service for OEMs. They foresee continued growth in this segment over the next 1...

Read the full Canadian Pacific Kansas City Limited transcript (June 10, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 78 Canadian Pacific Kansas City Limited earnings call transcripts on record, spanning January 29, 2020 to July 29, 2026. Based on this history, Canadian Pacific Kansas City Limited reports quarterly. The most recent call on file is dated July 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CP

Exchange

TSX

Country

CA

Sector

Industrials

Industry

Ground Transportation

Calls on record

78

First call

January 29, 2020

Most recent

July 29, 2026

Reporting cadence

quarterly