Canadian Pacific Kansas City stock gained 1.74 percent on grain records
Published on 10/04/2026 at 17:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Canadian Pacific Kansas City (ISIN CA13646K1084) stock gained 1.74 percent to USD 85.94 at the October 2, 2026 close on the NYSE. The move followed CPKC's report of September and third-quarter grain transportation records, giving investors a fresh operating checkpoint before the next earnings release.
Grain volumes set new records
According to CPKC on October 2, 2026, the railroad moved 2.94 million metric tonnes and 30,324 carloads of grain and grain products in Canada during September.
The United States added 2.51 million metric tonnes and 26,236 carloads. Combined Canadian and U.S. grain volumes set new September and third-quarter records, while the company had transported 4.99 million metric tonnes and 51,268 Canadian grain carloads through Week 8.
Q2 revenue reached CAD 4.164 billion
CPKC's latest reported quarter also showed a mixed earnings picture. According to CPKC, Q2 2026 total revenue reached CAD 4.164 billion, up 13 percent from the comparable period.
Reported diluted EPS was CAD 1.15, down 14 percent, while core adjusted diluted EPS rose 13 percent to CAD 1.27. The core adjusted operating ratio increased 90 basis points to 61.6 percent, so volume growth arrived alongside a measurable cost and margin pressure.
The comparison matters because the revenue advance and adjusted earnings growth are stronger than the reported GAAP earnings direction. For investors, the next test is whether record freight activity can offset fuel and labor costs in the third quarter.
Analysts keep a positive view
As MarketBeat reported on October 2, 2026, Susquehanna lowered its price target from USD 106 to USD 98 while keeping a positive rating. The USD 98 target lies 14.0 percent above the October 2 closing price.
MarketBeat also reported a Moderate Buy consensus from 16 analysts, with two Strong Buy ratings, eleven Buy ratings and three Hold ratings. The average target was USD 107.80, which lies 25.4 percent above the NYSE closing price of USD 85.94.
Third-quarter date is set
According to FT.com on September 29, 2026, CPKC will release third-quarter 2026 results after the market close on October 28, 2026, followed by a conference call at 4:30 p.m. ET.
The scheduled report will put the September grain records into a broader financial context. Revenue growth, the 61.6 percent core adjusted operating ratio and adjusted EPS of CAD 1.27 are the central figures for that comparison.
Stock remains below its yearly high
Canadian Pacific Kansas City stock closed at USD 85.94 on October 2, 2026, with a 52-week range of USD 68.42 to USD 96.90. Its market capitalization was USD 75.5 billion and trading volume reached 1,487,749 shares.
Canadian Pacific Kansas City stock facts
- Company: Canadian Pacific Kansas City Ltd.
- ISIN: CA13646K1084
- Ticker: CP
- Trading venue: NYSE
- Closing price (October 2, 2026): USD 85.94
- Market capitalization: USD 75.5 billion (as of October 2, 2026)
- 52-week range: USD 68.42-96.90 (as of October 2, 2026)
- Sector / Industry: Industrials / Railroads
Upcoming dates for Canadian Pacific Kansas City stock
- October 28, 2026: Third-quarter 2026 results after market close and conference call at 4:30 p.m. ET
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