Canadian Pacific Kansas City (NYSE:CP) Q4 2025 Earnings call January 28, 2026 04:30 PM ET Speaker12Good afternoon. My name is Angela, and I will be your conference operator today. At this time, I would like to welcome everyone to CPKC's fourth quarter and full year 2025 conference call. The slides accompanying today's call are available at investor.cp kc.com. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you w ...

Canadian Pacific Kansas City reported fourth quarter revenues that were 1% higher at $3.9 billion from a year ago, but saw unadjusted earnings per share fall to $1.20 from $1.28 y/y. The Calgary-based railroad (NYSE: CP) said core adjusted diluted EPS was $1.33, up 3% from $1.29 in Q4 2024. The operating ratio improved 80 basis points to 58.9%, a network record, along with historic marks in train weights, network speed, locomotive productivity and car miles per car day. “Our fourth quarter and full-yea ...

Chief Executive Keith Creel said that the railroad was able to control costs during a challenging market where it contended with macroeconomic and trade policy headwinds. ...

业绩总结 - 2025年总收入为39亿加元，同比增长1%[20] - 2025年总收入为151亿加元，同比增长4%[20] - 2025年归属于控股股东的净收入为4,141百万美元，较2024年增长11%[48] - 2025年报告的运营收入为5,609百万美元，较2024年增长8%[48] - 2025年稀释后每股收益（EPS）为4.51加元，同比增长13%[20] - 2025年稀释每股收益为4.51美元，较2024年增长13%[48] 运营效率 - 2025年运营比率为58.9%，较上年下降80个基点[20] - 2025年核心调整后运营比率为59.9%，较上年下降140个基点[20] - 2025年报告的运营比率为62.8%，较2024年改善160个基点[48] 用户数据与效率 - 2025年平均列车速度为19.5英里每小时，较上年提高4%[27] - 2025年平均列车重量为9,395吨，较上年提高3%[27] - 2025年每20万员工小时的FRA人身伤害为0.92，较2024年改善3%[88] - 2025年每百万列车英里FRA列车事故频率为0.85，较2024年改善16%[88] 未来展望 - 2026年预计中等单位数的货运量增长[22] - 2026年核心调整稀释每股收益预计将实现低双位数增长，基于2025年的4.61美元[66] - 2024至2028年期间，预计年均收入增长为高单位数，资本支出为每年26亿至28亿美元[70] 资本支出 - 2025年资本支出为31亿美元，预计2026年将减少约15%至26.5亿美元[61] 新产品与技术 - 2025年平均列车速度为19.2英里每小时，较2024年提高1%[88] - 2025年平均列车长度为7,827英尺，较2024年提高3%[88] - 2025年平均列车重量为9,228吨，较2024年提高3%[88] - 2025年燃料效率为1.034美加仑/1,000 GTMs，与2024年持平[88]

Release: January 28, 2026 CPKC showcases strength of Precision Scheduled Railroading; delivers record margins Calgary – Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today announced its fourth-quarter results, including revenues of $3.9 billion, diluted earnings per share (EPS) of $1.20 and core adjusted diluted EPS of $1.33. 1 Fourth-quarter 2025 results "Our fourth quarter and full year results demonstrate exceptional execution in a challenging market by controlling what we could control," said ...

Additionally, CPKC today announced that Marc Parent has been appointed to the board effective Jan. 27, 2026, and that Kate Stevenson has been nominated to stand for election as a director at CPKC's Annual General Meeting of Shareholders in April 2026. CALGARY, AB, Jan. 28, 2026 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) announced today that, as part of its ongoing board succession planning, Gordon Trafton, a current member of the CPKC board, has been appointed vice-chair of the ...

"CPKC's strong free cash flow generation, robust growth pipeline, and proven operational execution underpin our confidence in launching this new share repurchase program," said CPKC President and CEO Keith Creel. "We remain firmly committed to creating long-term shareholder value through disciplined and opportunistic capital allocation." CPKC has terminated its existing normal course issuer bid which commenced on March 3, 2025 and had an expiry date of March 2, 2026 (the "2025 NCIB"). CPKC repurchased and c ...

CALGARY, AB, Jan. 28, 2026 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today announced its fourth-quarter results, including revenues of $3.9 billion, diluted earnings per share (EPS) of $1.20 and core adjusted diluted EPS of $1.33. Fourth-quarter 2025 results "Our fourth quarter and full year results demonstrate exceptional execution in a challenging market by controlling what we could control," said Keith Creel, CPKC President and Chief Executive Officer. "Despite macroeconomic ...

公司资本支出与投资计划 - 公司正在持续进行一项多年期总额达8亿美元（US$800 million）的机车车队更新投资计划，该投资专注于美国制造业 [1][2] - 此次机车采购是公司先前宣布的多年期资本计划的一部分 [3] 机车采购订单详情 - 公司已于2025年完成了100台由德克萨斯州制造的Wabtec Tier 4机车的采购 [2] - 2026年，公司将新增采购30台由印第安纳州Progress Rail制造的Tier 4机车 [2] - 2026年，公司还预计将接收另外70台由德克萨斯州制造的Wabtec Tier 4机车 [2] - 2026年1月，公司预计将接收首批2台Wabtec Evolution Series ET44AC Tier 4机车，这70台机车均在德克萨斯州达拉斯的工厂制造 [2] - 2026年下半年，公司预计将接收30台新的EMD® SD70ACe-T4 Tier 4货运机车，这些机车由Progress Rail在印第安纳州曼西的工厂制造 [3] - 这30台Progress Rail机车是一份总计65台新Tier 4机车订单的一部分 [3] 投资目的与战略意义 - 公司投资于干线机车车队旨在支持业务增长，并维持其为客户及北美经济提供的行业领先服务 [2] - 新车队将带来更高的可靠性和燃油效率 [2] - 此次采购延续了公司对机车车队更新的承诺，并体现了对美国制造业产能的投资 [2] 公司背景与业务概览 - 公司是全球首个也是唯一一个连接加拿大、美国和墨西哥的单线跨国铁路公司 [4] - 公司拥有从温哥华到大西洋加拿大、墨西哥湾沿岸直至墨西哥拉萨罗-卡德纳斯的港口无与伦比的通道 [4] - 公司铁路网络绵延约20,000英里，雇佣20,000名员工 [4] - 公司为北美客户提供无与伦比的铁路服务、覆盖整个大陆关键市场的网络，并与客户共同成长，提供一系列货运服务、物流解决方案和供应链专业知识 [4]

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