secwatch.observer — SEC 8-K summary
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Issuer:     CANADIAN PACIFIC KANSAS CITY LTD/CN (CP)
CIK:        0000016875
Form:       8-K
Filed at:   2023-01-31T23:59:59+00:00
Accession:  0000016875-23-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CP reports Q4 revenues up 21% to $2.46B, core adj EPS $1.14; awaiting STB decision on KCS combination
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- Q4 revenues $2.46B (+21% YoY); reported diluted EPS $1.36 vs $0.74; core adj EPS $1.14 vs $0.96.
- Adjusted OR 59.1% (+160 bps); reported OR 59.8% (+60 bps); FRA train accident frequency declined 15% to 0.93.
- Full-year revenues $8.81B (+10%); reported diluted EPS $3.77 (down from $4.18); core adj EPS flat at $3.77.
- Generated $2.7B free cash in 2022, up 52% YoY; lowest train accident frequency among Class 1 for 17th year.
- Awaiting STB decision on proposed combination with Kansas City Southern, expected later Q1 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16875/000001687523000004/0000016875-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16875/000001687523000004/cp-20230131.htm
  HTML page:      https://secwatch.observer/filing/0000016875-23-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer