05:00 PM EDT, 10/29/2025 (MT Newswires) -- Canadian Pacific Kansas City ( CP ) (CP.TO, CP) was last seen down 0.8% in after-hours New York trading after the railway on Wednesday reported an 11% year-over-year rise in its third-quarter profit and a big drop in its operating ratio.

Net income attributable to shareholders rose to C$920 million, or $1.01 per share, for the quarter, up from $827 million, or $0.90, a year earlier. Adjusted earnings per share, which exclude most one-time items, rose to $1.10 from $0.99

Revenue was $3.59 billion, up from $3.46 billion a year earlier and in line with estimates compiled by FactSet.

The company said its volumes, as measured in Revenue Ton-Miles, increased 5% while its adjusted operating ratio, a closely watched efficiency measure where lower is better, fell 220 basis points to 60.7% from 62.9% in the prior year period.

"CPKC once again created profitable, sustainable growth in the third quarter, while navigating challenging macroeconomic conditions," said chief executive Keith Creel.

"Through our powerful network and unique partnerships, we are providing strong service and bringing innovative solutions to the market for our customers. I remain confident in our ability to continue delivering on our long-term value proposition."

Creel said the company remains confident in meeting its full-year 2025 guidance, citing strong execution and its extensive North American network.

The Calgary-headquartered company also declared a quarterly dividend of $0.228 per share, payable Jan. 26 to shareholders of record Dec. 31.

CPKC shares were last seen down US$0.57 to US$72.60 after hours. They closed $1.72 to $101.99 on the Toronto Stock Exchange.