---
schema_version: "secwatch.filing_event.v1"
accession: "0000016875-24-000005"
form_type: "8-K"
ticker: "CP"
cik: "0000016875"
company_name: "CANADIAN PACIFIC KANSAS CITY LTD/CN"
filed_at: "2024-01-30T23:59:59+00:00"
generated_at: "2026-06-06T15:05:14.814432+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CPKC Q4 revenue $3.8B, core adjusted EPS $1.18; guides FY2024 double-digit EPS growth

## Summary
- Q4 2023 revenue $3.8B; core adjusted combined diluted EPS $1.18, up from $1.14 in Q4 2022.
- Reported OR 61.8% (up 200 bps), but core adjusted combined OR improved 220 bps to 58.7%.
- FY2024 guidance: core adjusted combined diluted EPS to grow double digits vs 2023's $3.84.
- 2024 capex guidance set at $2.75 billion.
- FRA train accident frequency fell 23% in Q4 and 32% for full year on a combined basis.

## SEC filing metadata
- accession: 0000016875-24-000005
- form_type: 8-K
- ticker: CP
- cik: 0000016875
- company_name: CANADIAN PACIFIC KANSAS CITY LTD/CN
- filed_at: 2024-01-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/16875/000001687524000005/0000016875-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16875/000001687524000005/cp-20240130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000016875-24-000005
- JSON: https://secwatch.observer/filing/0000016875-24-000005.json
- Plain text: https://secwatch.observer/filing/0000016875-24-000005.txt

## Key facts
- Earnings Releases
  CANADIAN PACIFIC KANSAS CITY LTD/CN reported year ended December 31, 2023 results: EPS $4.21. Guidance initiated.
  - Period: year ended December 31, 2023
  - EPS: $4.21
  - Guidance: initiated
  - Result: reported results
  source text: Full-year 2023 results 1 • Reported OR increased by 280 basis points to 65.0 percent from 62.2 percent in 2022 • Core adjusted combined OR 2 increased 30 basis points to 62.0 percent from 61.7 percent in 2022 • Reported diluted EPS increased to $4.21 from $3.77 in 2022 • Core adjusted combined diluted EPS 2 increased two percent to $3.84 from $3.77 in 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/16875/000001687524000005/0000016875-24-000005-index.htm
- Earnings Releases
  CANADIAN PACIFIC KANSAS CITY LTD/CN reported three months ended December 31, 2023 results: revenue $3.8 billion, EPS $1.10.
  - Period: three months ended December 31, 2023
  - Revenue: $3.8 billion
  - EPS: $1.10
  - Result: reported results
  source text: CPKC delivers strong fourth-quarter results; carrying momentum into 2024 Calgary - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today announced its fourth-quarter results, including revenues of $3.8 billion, diluted earnings per share (EPS) of $1.10 and core adjusted combined diluted EPS 1, 2 of $1.18.
  evidence_url: https://www.sec.gov/Archives/edgar/data/16875/000001687524000005/0000016875-24-000005-index.htm

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