Canadian Pacific Kansas City Ltd

CP: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Canadian Pacific Earnings: Volumes Surprisingly Muted, but We Expect Growth to Return

Matthew Young

Apr 30, 2026

Canadian Pacific Kansas City's first-quarter top line came in flat year over year—excluding foreign exchange—as slightly higher yield (revenue per carload), which includes healthy core pricing gains, offset lower consolidated carload and intermodal volume.

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Canadian Pacific Kansas City Ltd

Canadian Pacific Earnings: Volumes Surprisingly Muted, but We Expect Growth to Return

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