{"podcast":{"title":"Charged Alpha Stock Encyclopedia","slug":"charged-alpha-stock-encyclopedia-7819792","podcast_index_feed_id":7819792,"rss_url":"https://feed.podbean.com/chargedalpha/feed.xml","website_url":"https://chargedalpha.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/22241603/charged_alpha_logo_2048.png","author":"Colton Thomas","episode_count":1630,"summary":"Charged Alpha reviews earnings for each stock in the Russel 1000 every quarter. Each podcast gives thorough analysis, along with an in-depth profile in the beginning of the episode of the company, what they do, how they earn money and what to look for.","last_synced_at":"2026-09-04T06:17:14.359815+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792"},"episode":{"title":"Canadian National Railway Stock: It Beat and Raised Guidance — Why We Still Say HOLD (CNI Q2 2026)","slug":"canadian-national-railway-stock-it-beat-and-raised-guidance-why-we-still-say-hold-cni-q2-2026","published_at":"2026-07-24T21:13:10+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/canadian-national-railway-stock-it-beat-and-raised-guidance-why-we-still-say-hold-cni-q2-2026","show_page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792","url":"https://chargedalpha.podbean.com/e/canadian-national-railway-stock-it-beat-and-raised-guidance-%e2%80%94-why-we-still-say-hold-cni-q2-2026/","audio_url":"https://mcdn.podbean.com/mf/web/k9csentd7ozeagwm/audio_y.mp3","summary":"Canadian National Railway (CNI) Q2 2026 — Canadian National Railway (CNI on the NYSE, CNR on the TSX) — the only railroad whose network reaches three coasts and one of North America's premier franchises — reported a Q2 2026 beat-and-raise (all figures in Canadian dollars, US GAAP): adjusted diluted EPS of C$2.08 beat the ~C$1.93 estimate (+11% YoY; reported EPS C$2.06, +10%) on revenue of C$4.75B (+11%), operating income of C$1.78B (+9%) and net income of C$1.25B. But the marquee operating ratio ROSE 80 bps to 62.5% (adjusted 62.2%) — the beat came from volume (RTMs +5%) and pricing (freight revenue/RTM +6%, revenue/carload +12% to C$3,236), not efficiency, as diesel prices jumped ~60% (C$5.67 vs C$3.55/gal) and swamped a fuel-efficiency record. Carloads were flat (1.41M). Grain & fertilizers (+18%), petroleum & chemicals (+16%) and automotive (+18%) led; coal was flat. CN RAISED full-year guidance (RTM growth flat to low-single-digit; adjusted EPS growth to mid-to-high single digit), kept ~C$2.8B capex, grew first-half free cash flow 19% to C$1.84B, tripled first-half buybacks to C$1.32B, and raised the dividend to C$0.9150/quarter. Yet on the NYSE line the stock (~US$129, near its US$131.51 52-week high, ~23x forward earnings) sits above our owner-earnings DCF fair value of ~US$118 (C$ cash flows converted at US$0.71/C$) — and above even Wall Street's ~US$119 average target. Our call: HOLD, 3/5. Not financial advice. Canadian National Railway is one of the widest-moat businesses in North America — a transcontinental railroad whose nearly 19,000-mile network is the only one reaching three coasts (Canada's Atlantic and Pacific, and the U.S. Gulf), moving over 300 million tons a year. A key note up front: CN reports in Canadian dollars, while its NYSE line (CNI)…","meta_description":"Canadian National Railway (CNI) Q2 2026 — Canadian National Railway (CNI on the NYSE, CNR on the TSX) — the only railroad whose network reaches three coas…","key_points":[],"chapters":[],"topics":[],"duration_seconds":839,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/charged-alpha-stock-encyclopedia-7819792/episodes/canadian-national-railway-stock-it-beat-and-raised-guidance-why-we-still-say-hold-cni-q2-2026/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/canadian-national-railway-stock-it-beat-and-raised-guidance-why-we-still-say-hold-cni-q2-2026.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}