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Visu uses AI to transform SEC filings and press releases into accurate summaries of earnings and key company events.
Canadian Pacific Extends Credit Facility Maturity Dates
Canadian Pacific Railway Company has amended its credit agreement to extend the maturity dates for its financial facilities. The 5 Year Facility maturity date has been moved from June 25, 2029, to June 25, 2030, while the 2 Year Facility maturity date has been extended from June 25, 2026, to June 25, 2027.
This amendment is part of a first amending agreement entered into on August 20, 2025, involving Canadian Pacific Railway Company, its parent company Canadian Pacific Kansas City Limited, and various lenders. The complete details of the agreement can be referenced in the filed document.
linkAug 22, 2025 16:15:16
Canadian Pacific Railway Declares Quarterly Dividend of $0.228
Canadian Pacific Kansas City Limited has announced a quarterly dividend of $0.228 per share on its outstanding common shares. This dividend is scheduled to be paid on October 27, 2025, to shareholders on record as of September 26, 2025.
The company, headquartered in Calgary, operates as a single-line transnational railway connecting Canada, the United States, and Mexico. With approximately 20,000 route miles, it provides extensive rail service and logistics solutions across North America, catering to various markets and customers.
linkJul 31, 2025 16:02:41
Canadian Pacific Railway Reports Second Quarter Financial Results
Canadian Pacific Kansas City Limited (CPKC) announced its financial results for the second quarter of 2025, reporting revenues of $3.7 billion, which is a three percent increase compared to the same period in 2024. The company achieved a diluted earnings per share (EPS) of $1.33, up from $0.97 in the previous year, and a core adjusted diluted EPS of $1.12, reflecting a seven percent increase. Volumes measured in Revenue Ton-Miles rose by seven percent, while the operating ratio improved to 63.7 percent from 64.8 percent in Q2 2024, indicating enhanced operational efficiency. Additionally, the company reported a decrease in personal injury frequency but an increase in train accident frequency compared to the prior year.
In April 2025, CPKC sold its 50% stake in the Panama Canal Railway Company for gross proceeds of $350 million, resulting in a pre-tax gain of $232 million. The effective income tax rate for the second quarter was reported at 24.50%, slightly lower than the previous year's rate. The company continues to focus on leveraging its transnational network to support customer growth and improve service delivery. CPKC will hold a conference call to discuss these results further, and investors can access additional details through their investor relations website.
linkJul 30, 2025 16:19:50
CPKC Announces C$1.4 Billion Debt Offering for Refinancing
The press release provides details on the debt offering, including the types of notes being issued and their respective due dates. It also outlines the intended use of proceeds, emphasizing refinancing and general corporate purposes. Investors may find this information relevant as it may impact CPKC's financial position and debt management strategies.
linkJun 12, 2025 06:04:18
CPKC Elects Directors and Approves Executive Compensation Vote
Canadian Pacific Kansas City (CPKC) announced the results of its 2025 annual meeting, where all 12 director nominees were elected with at least 97 percent of votes cast. Isabelle Courville was re-appointed as Chair of the Board of Directors. The advisory vote on executive compensation received 87.74 percent approval, while the advisory vote on the company's approach to climate change garnered 91.66 percent in favor. Additionally, the appointment of Ernst & Young LLP as auditor was approved with 99.61 percent support.
The amendment to By-law No. 2 received 55.74 percent approval. Detailed voting results from the annual meeting will be available on SEDAR+ and EDGAR. CPKC operates as a transnational railway across Canada, the United States, and Mexico, providing freight transportation services and logistics solutions to its customers.
linkMay 02, 2025 16:01:14
CPKC Reports Q1 2025 Results with Increased Revenues and EPS
Canadian Pacific Kansas City (CPKC) has announced its first-quarter results for 2025, reporting revenues of $3.8 billion, which is an 8% increase from $3.5 billion in the same quarter of 2024. The diluted earnings per share (EPS) rose by 17% to $0.97, while the core adjusted diluted EPS increased by 14% to $1.06. The company also noted a decrease in its operating ratio, indicating improved efficiency in operations, and a 4% rise in freight volumes as measured in Revenue Ton-Miles (RTMs). Additionally, the frequency of reportable personal injuries and train accidents decreased compared to the previous year, reflecting enhanced safety measures.
In light of ongoing trade policy uncertainties and potential economic recession risks, CPKC has updated its 2025 earnings guidance. The company now anticipates a core adjusted diluted EPS increase between 10% and 14% compared to the previous year. CPKC's management emphasized their commitment to operating safely and efficiently while continuing to deliver premium services to customers and adapt to market needs.
linkApr 30, 2025 16:19:47
CPKC Declares 20% Dividend Increase for Shareholders
Canadian Pacific Kansas City Limited (CPKC) has announced a quarterly dividend of $0.228 per share, marking a 20 percent increase from the previous dividend of $0.19 per share. This decision reflects the company's commitment to returning cash to shareholders and its efforts to repay debt following the merger of Canadian Pacific and Kansas City Southern.
The new dividend will be payable on July 28, 2025, to shareholders recorded by June 27, 2025. This dividend is classified as an 'eligible' dividend under the Income Tax Act (Canada) and similar provincial/territorial laws, which may have tax implications for investors.
linkApr 30, 2025 16:01:32
CPKC and Lanco Group Sell Panama Canal Railway to APM Terminals
Canadian Pacific Kansas City Limited (CPKC) and Lanco Group/Mi-Jack have sold the Panama Canal Railway Company (PCRC) to APM Terminals. The PCRC, which generated US$77 million in revenue and US$36 million in EBITDA in 2024, has been a joint venture since its formation in 1998. CPKC views this sale as a way to create value for shareholders and focus on its core North American rail business, while APM Terminals sees it as an attractive infrastructure investment that aligns with its services in intermodal container movement.
The transaction reflects a strategic shift for CPKC, as it divests a non-core asset to enhance its focus on rail operations across North America. Both CPKC and Lanco Group expressed satisfaction with the sale, highlighting their collaboration with APM Terminals. The sale marks a significant change in ownership for PCRC, which operates along a vital transportation route in Panama, and is expected to continue growing under APM Terminals' management.
linkApr 03, 2025 09:31:54
CPKC Announces 2025 Annual Meeting and Financial Highlights
Canadian Pacific Kansas City Limited (CPKC) is set to hold its 2025 annual and special meeting of shareholders on April 30, 2025, allowing for virtual participation to enhance accessibility. Key agenda items include the review of the audited consolidated financial statements for 2024, the appointment of auditors, and discussions on executive compensation and climate change strategies. The company is utilizing online access for meeting materials to reduce environmental impact, aligning with its sustainability goals.
However, the proxy circular notes that CPKC, as a foreign private issuer, is exempt from certain U.S. governance requirements, which may raise questions regarding transparency for U.S. shareholders. Additionally, the document highlights potential risks and uncertainties related to the company's operations, including integration challenges following its acquisition of Kansas City Southern and various external factors that could affect performance.
linkMar 25, 2025 16:52:11
Company Files Financial Statements with SEC Compliance
The company has filed its financial statements in accordance with the Securities Exchange Act of 1934, ensuring compliance with regulatory requirements. This filing is part of the standard reporting process for publicly traded companies and demonstrates the company's commitment to transparency.
There are no specific financial metrics or notable changes mentioned in the press release. The document primarily serves to confirm the signing and filing of the necessary reports without providing additional details on performance or financial results.
linkMar 17, 2025 16:33:55