Key facts
- CN's second-quarter revenue increased 11% to C$4.753 billion.
- Net income grew 7% to C$1.249 billion.
- Adjusted diluted EPS rose 11% to C$2.08.
- First-half free cash flow increased 19% to C$1.842 billion.
- CN raised its 2026 forecasts for freight volumes and adjusted diluted earnings growth.
CN reported its second-quarter financial results, showing an 11% increase in revenue to C$4.753 billion, driven by higher freight volumes, particularly in grain and energy shipments. Net income grew by 7% to C$1.249 billion, and adjusted diluted earnings per share (EPS) rose 11% to C$2.08.
The company also highlighted a 19% increase in first-half free cash flow to C$1.842 billion and the repurchase of approximately 3 million shares for C$454 million. CN approved a quarterly dividend of C$0.9150 per share.
Following the announcement, CN's share price increased by 2.1% to $130.58. The company raised its 2026 forecasts for freight volumes and adjusted diluted earnings growth, signaling confidence in its future performance.