CN Raises 2026 Guidance After Q2 Revenue Jumps 11%, EPS Beats
CNI sits 45% above its 52-week low of $90.74.
Summary
CN delivered a strong Q2, with revenue up 11% to C$4.75B and adjusted diluted EPS of C$2.08, an 11% increase. Operating income rose 9% to C$1.78B, and free cash flow for the first half surged 19% to C$1.84B. The company raised its full-year outlook, now expecting low single-digit RTM growth and mid-to-high single-digit adjusted EPS growth, up from prior flattish RTM and slightly exceeding RTM growth. A quarterly dividend of C$0.9150 was declared, and CN repurchased 2.9M shares for C$454M in the quarter. This follows a mixed Q1 and a recent strategic rail agreement with Union Pacific, adding operational momentum. The raised guidance and strong cash generation signal improving freight demand and pricing power.
At the time of this announcement, CNI was trading at $132.00 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $79.2B. The 52-week trading range was $90.74 to $131.21. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.