---
schema_version: "secwatch.filing_event.v1"
accession: "0000016875-23-000042"
form_type: "8-K"
ticker: "CP"
cik: "0000016875"
company_name: "CANADIAN PACIFIC KANSAS CITY LTD/CN"
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T10:56:52.776357+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CPKC Q3 revenue $3.3B, diluted EPS $0.84; core adjusted EPS $0.92, guidance cut to flat YoY

## Summary
- Revenue of $3.3B; diluted EPS $0.84 vs $0.96 in Q3 2022; core adjusted combined diluted EPS $0.92 vs $1.01.
- Reported operating ratio 64.9% (+540 bps); core adjusted combined OR 61.7% (+190 bps).
- Now expects core adjusted combined diluted EPS flat to slightly positive vs 2022's $3.77, citing softer macro and labor disruptions.
- FRA-reportable train accident frequency fell 9%; personal injury frequency dropped 35% on combined basis.

## SEC filing metadata
- accession: 0000016875-23-000042
- form_type: 8-K
- ticker: CP
- cik: 0000016875
- company_name: CANADIAN PACIFIC KANSAS CITY LTD/CN
- filed_at: 2023-10-25T23:59:59+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/16875/000001687523000042/0000016875-23-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16875/000001687523000042/cp-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000016875-23-000042
- JSON: https://secwatch.observer/filing/0000016875-23-000042.json
- Plain text: https://secwatch.observer/filing/0000016875-23-000042.txt

## Key facts
- Earnings Releases
  CANADIAN PACIFIC KANSAS CITY LTD/CN reported fiscal year 2023 results: EPS flat to slightly positive versus 2022 core adjusted combined diluted EPS of $3.77. Guidance lowered.
  - Period: fiscal year 2023
  - EPS: flat to slightly positive versus 2022 core adjusted combined diluted EPS of $3.77
  - Guidance: lowered
  - Result: guidance update
  source text: CPKC now expects core adjusted combined diluted EPS 2 to be flat to slightly positive versus 2022 core adjusted combined diluted EPS 2 of $3.77.
  evidence_url: https://www.sec.gov/Archives/edgar/data/16875/000001687523000042/0000016875-23-000042-index.htm
- Earnings Releases
  CANADIAN PACIFIC KANSAS CITY LTD/CN reported three and nine months ended September 30, 2023 results: revenue $3.3 billion, EPS $0.84.
  - Period: three and nine months ended September 30, 2023
  - Revenue: $3.3 billion
  - EPS: $0.84
  - Result: reported results
  source text: Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today announced its third-quarter results, including revenues of $3.3 billion, diluted earnings per share ("EPS") of $0.84 and core adjusted combined diluted EPS 1, 2 of $0.92.
  evidence_url: https://www.sec.gov/Archives/edgar/data/16875/000001687523000042/0000016875-23-000042-index.htm

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