Canadian Pacific Kansas City Ltd
CP: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 565.00 | Mgf | Prftgzgyx |
Canadian Pacific Earnings: Intermodal Container Activity Challenged, but No Major Surprises
Wide-moat Canadian Pacific Kansas City's second-quarter pro forma revenue (combining CP and Kansas City Southern results; merger finalized in April) fell 3% year over year, excluding foreign exchange. The decline was driven by lower overall volumes and now-falling fuel surcharges. Revenue came in shy of our forecast due to greater-than-expected intermodal deterioration.