Canadian Pacific Kansas City Limited (CP:CA) Q2 2026 Earnings Call Transcript

Canadian Pacific Kansas City Limited (CP:CA) Q2 2026 Earnings Call July 29, 2026 4:30 PM EDT Company Participants Chris de Bruyn - Vice President Capital Markets & Treasurer Keith Creel - CEO, President & Director Mark Redd - Executive VP & COO John Brooks - Executive VP & Chief Marketing Officer Nadeem Velani - Executive VP & CFO Conference Call Participants Christian Wetherbee - Wells Fargo Securities, LLC, Research Division Fadi Chamoun - BMO Capital Markets Equity Research Jonathan Chappell - Evercore ISI Institutional Equities, Research Division Brian Ossenbeck - JPMorgan Chase & Co, Research Division Steven Hansen - Raymond James Ltd., Research Division Brandon Oglenski - Barclays Bank PLC, Research Division Ken Hoexter - BofA Securities, Research Division Walter Spracklin - RBC Capital Markets, Research Division Scott Group - Wolfe Research, LLC Konark Gupta - Scotiabank Global Banking and Markets, Research Division Thomas Wadewitz - UBS Investment Bank, Research Division Benoit Poirier - Desjardins Securities Inc., Research Division David Vernon - Bernstein Institutional Services LLC, Research Division Presentation Operator Good afternoon. My name is Leo, and I will be your conference operator today. At this time, I would like to welcome everyone to CPKC's Second Quarter 2026 Conference Call. The slides accompanying today's call are available at investor.cpkcr.com. [Operator Instructions]. I would now like to introduce Chris de Bruyn, Vice President, Capital Markets, Tax and Treasurer, to begin the conference call. Chris de Bruyn Vice President Capital Markets & Treasurer Thank you, Leo. Good afternoon, everyone, and thank you for joining us today. Before we begin, I want to remind you this presentation contains forward-looking information. Actual results may differ. The risks, uncertainties and other factors that could influence actual results are described on Slide 2 in the press release and in the MD&A filed with Canadian and U.S. regulators. This presentation also contains non-GAAP measures, as outlined on Slide 3. With me