Canadian Pacific Kansas City stock enters week after 15% revenue growth

Canadian Pacific Kansas City reported strong third-quarter growth on Wednesday, October 28, while higher fuel costs put pressure on operating efficiency. The company said revenue rose 15 percent year over year to C$4.219 billion for the quarter, according to its third-quarter results release.

Replay keeps results in focus

The replay of CPKC's third-quarter conference call remains available through Wednesday, November 4. That gives investors an opportunity to revisit management's comments on demand, network execution and the outlook for the remainder of 2026.

Reported diluted earnings per share increased to C$1.04 from C$1.01 a year earlier. Core adjusted diluted EPS, a non-GAAP measure, reached C$1.28, compared with C$1.10 in the prior-year quarter. Revenue ton-miles increased 6 percent, pointing to higher freight activity across the network.

Fuel costs remain a margin issue

CPKC's reported operating ratio rose to 64.8 percent from 63.5 percent. The core adjusted ratio increased to 61.9 percent from 60.7 percent, with the company saying higher fuel prices affected the reported and adjusted figures.

Management highlighted grain, intermodal and merchandise as growth markets. For investors, the week ahead is therefore less about a new earnings release than about how management's recent operating commentary is interpreted alongside fuel-cost pressure.

Canadian Pacific Kansas City stock traded at 80.35 euros on Lang & Schwarz at 17:03 CET on Sunday, November 1, 2026.

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