Canadian Pacific Kansas City Ltd

CP: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 572.00	Wtf	Sxwhmxvzr

Canadian Pacific Earnings: Margins Unspectacular, but Growth Outlook Remains Favorable

Matthew Young

Apr 24, 2024

Wide-moat Canadian Pacific Kansas City's first-quarter pro-forma revenue (combining CP and Kansas City Southern results) grew 2% year over year on higher yields, partly offset by lower consolidated volumes. Revenue came in slightly shy of our expected run rate, but that's mostly because of coal activity, which should see some recovery.

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