CPKC profits fall in fourth quarter despite revenue gain from grain, container cargo

Locomotives sit idle at the CPKC rail yard in Calgary, Alta., Thursday, Aug. 22, 2024.THE CANADIAN PRESS/Jeff McIntosh

Canadian Pacific Kansas City Ltd. says profits fell 10 per cent in its latest quarter, despite an uptick in revenues that capped off a year of solid earnings growth.

CPKC says net income declined to $1.08 billion in the quarter ended Dec. 31 from $1.20 billion in the same period a year earlier.

The Calgary-based railway says fourth-quarter revenues rose one per cent to $3.92 billion from $3.87 billion the year before amid a three per cent boost in grain and container revenue.

It says core adjusted diluted earnings rose three per cent to $1.33 per share from $1.29 per share.

For the full year, CPKC says net income jumped 11 per cent to $4.14 billion and revenues climbed almost four per cent to $15.08 billion.

For 2026, the company is predicting low double-digit growth in core adjusted diluted earnings per share, volume growth in the mid-single digits and a 15 per cent reduction in capital expenditures to $2.65 billion.

This report by The Canadian Press was first published Jan. 28, 2026

Christopher Reynolds, The Canadian Press