Canadian National Railway Reports Q2 Earnings with Strong Revenue Growth
Canadian National Railway Company (CNI) reported second-quarter earnings for fiscal year 2026, showing strong performance across several business segments. Revenues reached $4.8 billion, an 11% increase driven by record grain and energy product volumes. Adjusted diluted EPS rose to $2.08, up 11%, with free cash flow reaching $1.8 billion for the first half of the year due to higher earnings and disciplined spending. The company raised its full-year guidance, forecasting mid- to high single-digit adjusted diluted EPS growth and low single-digit RTM (Revenue Ton Miles) expansion. Management attributed strong results to improved fuel efficiency, labor productivity gains, and strategic cost-saving initiatives yielding $100 million in savings year-to-date. However, risks include potential weakness in overseas intermodal shipments due to demarketing of certain container volumes through the Port of Vancouver. CNI also outlined plans for capital expenditures totaling $2.8 billion this year, focused on infrastructure and safety improvements.
Tickers: $CNI
Topics: adjusted_earnings_per_share free_cash_flow revenue rtms_growth