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:   2026-01-28T23:59:59+00:00
Accession:  0000016875-26-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPKC Q4 record core adjusted OR 55.9%; FY2025 core adj EPS $4.61 (+8%); guides low double-digit EPS growth in 2026
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- Q4 revenues $3.9B (+1% YoY); reported diluted EPS $1.20; core adjusted diluted EPS $1.33 (+3% YoY).
- Record Q4 core adjusted operating ratio of 55.9% (120 bps improvement); reported OR 58.9%.
- Full-year 2025 revenues $15.1B (+4%); core adjusted diluted EPS $4.61 (+8% YoY).
- 2026 guidance: low double-digit core adj EPS growth, mid-single-digit volume growth, capex $2.65B (-15% YoY).
- Safety metrics improved: FRA train accident frequency 0.85 (vs 1.01 in 2024) – industry best.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16875/000001687526000004/0000016875-26-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16875/000001687526000004/cp-20260128.htm
  HTML page:      https://secwatch.observer/filing/0000016875-26-000004

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