CN Delivers Strong Third Quarter Performance
Key Highlights
- ➤Adjusted diluted EPS C$2.16, up 18% year over year
- ➤Third-quarter revenue C$4,771 million, up 15%
- ➤Nine-month free cash flow C$2,918 million, up 25%
- ➤2026 adjusted diluted EPS growth remains mid-to-high single-digit, tracking upper end
- ➤CN repurchased approximately 3.9 million shares for C$676 million
Expert Statements
Tracy Robinson, President and Chief Executive Officer, CN
“I am very proud of CN’s dedicated railroaders for delivering another strong quarter. Their relentless focus on safely executing the plan across our unique network continues to strengthen service, enhance productivity, and support our customers’ success. Together with our disciplined financial management, these rigorous efforts position CN to deliver profitable growth, continue to create long-term value for our shareholders, and capitalize on the opportunities ahead.”
* Delivered diluted earnings per share (EPS) of C$2.00, an increase of 9% and adjusted diluted EPS of C$2.16, an increase of 18%, or 17% at constant currency ((1)) * Generated free cash flow of C$2,918 million, an increase of 25% for the first nine months of 2026 (consisting of net cash provided by operating activities of C$4,780 million and net cash used in investing activities of C$1,862 million) ((1)) * Realized record third quarter fuel efficiency performance and on track for annual record * Repurchased approximately 3.9 million shares for C$676 million MONTREAL, Oct. 30, 2026 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today reported its financial and operating results for the third quarter ended September 30, 2026.
"I am very proud of CN’s dedicated railroaders for delivering another strong quarter. Their relentless focus on safely executing the plan across our unique network continues to strengthen service, enhance productivity, and support our customers’ success. Together with our disciplined financial management, these rigorous efforts position CN to deliver profitable growth, continue to create long-term value for our shareholders, and capitalize on the opportunities ahead."
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