---
schema_version: "secwatch.filing_event.v1"
accession: "0000016875-26-000013"
form_type: "8-K"
ticker: "CP"
cik: "0000016875"
company_name: "CANADIAN PACIFIC KANSAS CITY LTD/CN"
filed_at: "2026-04-29T23:59:59+00:00"
generated_at: "2026-05-15T02:16:45.328311+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CPKC Q1 2026: EPS $0.94, core $1.04; revenue $3.7B (-2% YoY); volumes up 2%

## Summary
- Diluted EPS $0.94 (-3% YoY); core adjusted diluted EPS $1.04 (-2% YoY); revenue $3.7B (-2% YoY).
- Operating ratio 66.0% (up 70 bps); core adjusted OR 63.0% (up 50 bps); volumes (RTMs) up 2%.
- FRA personal injury frequency improved to 0.91 from 0.97; train accident frequency rose to 0.93 from 0.38.
- Management reaffirms full-year guidance; cites resilient network and volume growth despite macro headwinds.
- EPS faced ~$0.04 FX headwind and ~$0.03 fuel-price headwind year-over-year.

## SEC filing metadata
- accession: 0000016875-26-000013
- form_type: 8-K
- ticker: CP
- cik: 0000016875
- company_name: CANADIAN PACIFIC KANSAS CITY LTD/CN
- filed_at: 2026-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/16875/000001687526000013/0000016875-26-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16875/000001687526000013/cp-20260429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000016875-26-000013
- JSON: https://secwatch.observer/filing/0000016875-26-000013.json
- Plain text: https://secwatch.observer/filing/0000016875-26-000013.txt

## Key facts
- Earnings Releases
  CANADIAN PACIFIC KANSAS CITY LTD/CN reported three months ended March 31, 2026 results: revenue $3.7 billion, EPS $0.94.
  - Period: three months ended March 31, 2026
  - Revenue: $3.7 billion
  - EPS: $0.94
  - Result: reported results
  source text: results, demonstrating resilient performance Calgary – Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today announced its first-quarter results, including revenues of $3.7 billion, diluted earnings per share (EPS) of $0.94 and core adjusted diluted EPS 1 of $1.04. “Our talented team of world-class railroaders executed our precision scheduled railroading
  evidence_url: https://www.sec.gov/Archives/edgar/data/16875/000001687526000013/0000016875-26-000013-index.htm

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