Canadian Pacific Kansas City CP-T -0.16%decrease has reported an increase in profits and revenues during the second quarter.
The continent-spanning railroad, headquartered in Calgary, posted net income of $1.23-billion for the three months ended June 30, up from $903-million during the same period a year earlier.
Diluted earnings per share came in at $1.33, an increase from 97 cents.
Revenues were $3.7-billion for the period versus $3.6-billion in the second quarter of 2024.
CPKC’s operating ratio – a key metric watched by investors, where a lower number is better – decreased to 63.7 per cent from 64.8 per cent a year earlier.
The railroad is maintaining its most recent forecast of adjusted diluted earnings per share growth of 10 to 14 per cent in 2025, which was lowered in April from an earlier prediction of 12 to 18 per cent growth.
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