CPKC reported revenues of $3.7 billion in third-quarter 2025; diluted earnings per share (EPS) increased to $1.01 from $0.90 in third-quarter 2024; and core adjusted combined diluted EPS increased 9% to $1.29 from $0.99 in third-quarter 2024.
“Through our powerful network and unique partnerships, we are providing strong service and bringing innovative solutions to the market for our customers. I remain confident in our ability to continue delivering on our long-term value proposition,” added Creel.
Among CPKC’s other third-quarter 2025 highlights:
- Volumes, as measured in Revenue Ton-Miles, increased 5%.
- Revenues increased 3% to $3.7 billion from $3.5 billion in Q3 2024.
- Reported operating ratio (OR) decreased 260 basis points to 63.5% from 66.1% in Q3 2024.
- Core adjusted OR1 decreased 220 basis points to 60.7% from 62.9% in Q3 2024.
- Reported diluted EPS increased to $1.01 from $0.90 in Q3 2024.
- Core adjusted diluted EPS1 increased 11% to $1.10 from $0.99 in Q3 2024.
- Reported and core adjusted1 results include a $39 million sequential increase in casualty expense versus Q2 2025 which was a $0.03 impact to Q3 2025 reported and core adjusted diluted EPS1.
- Federal Railroad Administration (FRA)-reportable personal injury frequency decreased to 0.92 from 0.95 in Q3 2024.
- FRA-reportable train accident frequency decreased to 1.15 from 1.43 in Q3 2024.
“Our team of dedicated railroaders across CPKC’s unrivalled network continues to do what we said we would do, safely driving growth and opening new markets as we keep our commitments to our stakeholders. Through strong execution of our strategy, focused on leveraging our North American footprint, we continue to expect to deliver on our full-year 2025 guidance,” Creel concluded.
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