---
schema_version: "secwatch.filing_event.v1"
accession: "0000016875-23-000033"
form_type: "8-K"
ticker: "CP"
cik: "0000016875"
company_name: "CANADIAN PACIFIC KANSAS CITY LTD/CN"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T00:38:08.539443+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CPKC reports Q2 revenue $3.2B; core adjusted EPS falls to $0.83 from $0.95

## Summary
- Revenue $3.2B; reported diluted EPS $1.42 (vs $0.82) boosted by KCS consolidation.
- Core adjusted combined diluted EPS fell to $0.83 from $0.95; operating ratio worsened to 70.3% from 60.6%.
- KCS results consolidated from April 14, 2023, affecting year-over-year comparability.
- Expects mid-single-digit core adjusted combined diluted EPS growth in 2023 vs prior year $3.77.
- FRA-reportable train accident frequency improved 32% to 0.76.

## SEC filing metadata
- accession: 0000016875-23-000033
- form_type: 8-K
- ticker: CP
- cik: 0000016875
- company_name: CANADIAN PACIFIC KANSAS CITY LTD/CN
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/16875/000001687523000033/0000016875-23-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16875/000001687523000033/cp-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000016875-23-000033
- JSON: https://secwatch.observer/filing/0000016875-23-000033.json
- Plain text: https://secwatch.observer/filing/0000016875-23-000033.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.