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Canadian Pacific Kansas City Limited (CP) Q2 2025 Earnings Call Transcript

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Canadian Pacific Kansas City Limited Q2 2025 Earnings Conference Call July 30, 2025 4:30 PM ET

Company Participants

Chris de Bruyn – Vice President Capital Markets & Treasurer
John Kenneth Brooks – Executive VP & Chief Marketing Officer
Keith E. Creel – CEO, President & Director
Mark A. Redd – Executive VP & COO
Nadeem S. Velani – Executive VP & CFO

Conference Call Participants

Ariel Luis Rosa – Citigroup Inc., Research Division
Brandon Robert Oglenski – Barclays Bank PLC, Research Division
Brian Patrick Ossenbeck – JPMorgan Chase & Co, Research Division
Christian F. Wetherbee – Wells Fargo Securities, LLC, Research Division
Daniel Robert Imbro – Stephens Inc., Research Division
Fadi Chamoun – BMO Capital Markets Equity Research
Jonathan B. Chappell – Evercore ISI Institutional Equities, Research Division
Kenneth Scott Hoexter – BofA Securities, Research Division
Ravi Shanker – Morgan Stanley, Research Division
Scott H. Group – Wolfe Research, LLC
Stephanie Lynn Benjamin Moore – Jefferies LLC, Research Division
Steven P. Hansen – Raymond James Ltd., Research Division
Thomas Richard Wadewitz – UBS Investment Bank, Research Division
Walter Noel Spracklin – RBC Capital Markets, Research Division

Operator

Good afternoon. My name is Margo, and I’ll be your conference operator today. At this time, I’d like to welcome everyone to CPKC’s Second Quarter 2025 Conference Call. The slides accompanying today’s call are available at investor.cpkcr.com. [Operator Instructions].

I would like to introduce Chris de Bruyn, Vice President, Capital Markets, to begin the conference call.

Chris de Bruyn

Thank you, Margo. 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 materially. 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

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