Canadian Pacific Kansas City Limited

Good afternoon, everyone. My name is Beau, and I will be your conference operator today. At this time, I would like to welcome everyone to CPKC's third quarter 2026 conference call. The slides accompanying today's call are available at investor.cpkcr.com. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question at that time, simply press star then the number one on your telephone keypad. If you would like to withdraw your question, press star 2. I would now like to introduce Mr. Chris DeBrun, Vice President, Capital Markets, Tax, and Treasurer. Please go ahead, sir.

Thank you, Bo. 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. 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 non-GAAP measures outlined on slide 3. With me here today is Keith Creel, our President and Chief Executive Officer, Nadeem Velani, our Executive Vice President and Chief Financial Officer, John Brooks, our Executive Vice President and Chief Marketing Officer, and Mark Redd, our Executive Vice President and Chief Operating Officer. The formal remarks will be followed by Q&A. In the interest of time, we would appreciate if you limit your questions to one. It is now my pleasure to introduce our President and CEO, Mr. Keith Creel.

Thanks, Chris, and good afternoon, ladies and gentlemen. Thank you for joining us on the call today. First and foremost, I want to extend a heartfelt thank you to our 20,000 strong family of railroaders across the three countries that produced the results our team achieved. We're extremely proud of what this team has delivered during this quarter, handling strong growth, running the railroad extremely well, and continuing to create opportunities across this very unique network. Looking at the quarter on the results side, we delivered third quarter revenues of $4.2 billion, bottom growth of 6%, an operating ratio of 61.9 that generated 16% adjusted EPS growth. It's a pretty dynamic backdrop. I'm pleased with the teams delivered. We handled 6% more volume while continuing to improve the performance of the railroad. And more importantly, there is so much more opportunity in front of us. On the car velocity, train velocity, fuel efficiency, terminal fluidity, all showed strong improvement year over year in operations. And this credit belongs to Mark, his senior team, and the railroaders across our network executing our plan every day. Nick Walker, Greg Squires, Jason Ross, Brad Robertson, Braden Tidd, Tom Bergonia continue to provide strong leadership. And I'll tell you, we're fortunate to have a deep experience and talent of each of operating leaders across this network. We've invested ahead of growth. We've got the people, the locomotives, and the infrastructure aligned with our demand. We're prepared to grow, and we're becoming better railroaders each and every day. Operational excellence is a journey. It's not a destination. There's more opportunity to be mined and rest assured I'm confident. This team will continue to find it. On the commercial side, John and his team continue to convert the reach and the opportunities this network creates in the new markets, new products, and profitable, sustainable growth during the quarter. We established all-time volume records in domestic intermodal, international intermodal, and U.S. grains. These outcomes reflect strong service, discipline in the market, and the unique options this network creates for our customers. We also announced a meaningful expansion of our relationship with Elk Valley Resources to move their products from the mines that we serve in southeastern British Columbia to Vancouver for global export. This expanded agreement reduces complexity, strengthens Indian supply chain, and positions CPKC and EBR to grow together for years to come. Our Canada-Mexico land bridge is another powerful proof point which continues to generate value in the face of uncertainty When we brought these two railroads together just over three years ago, this traffic was about $100 million in annual revenue. We expect exit this year north of $600 million. And this is not growth we inherited. It's growth that we created, taking a challenge and turning that challenge into an opportunity, creating new markets enabled by this unique North American network. And importantly, we delivered 6% volume growth despite headwinds across certain markets during the quarter. That tells you something about the quality and the diversity of our growth opportunities as we remain well on track for another year of mid-single-digit volume growth. It also speaks to the alignment between our operating and commercial teams. The operating team delivers the service. The commercial team takes the service to the marketplace and creates opportunities. They've been doing it consistently since we brought these two networks together over three and a half years ago. So the bottom line, when you combine industry-leading operations, a unique network built for growth, and a hungry, disciplined commercial team, you create a very compelling outcome. So let me leave you with this. The larger message has not changed. We have a railroad that's running extremely well, a differentiated network, a deep pipeline of growth opportunities that are in front of us. I'm proud of what the team has delivered in this quarter, but rest assured we are not satisfied. We know there's more work to do, and more importantly, opportunity to capture. The team will remain focused on execution, taking care of our customers, converting these opportunities into profitable, sustainable growth. And with that, I'll turn it over to Mark to walk through the operation. He's going to give you some color on the markets, and Nadeem will close it out before our questions elaborate under those numbers. Over to you, Mark.