| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | July 22, 2026 | 5/12 | 1 high, 3 medium, 2 low flags | 1 | 1 | Call sheet → |
| Q1'26 | April 22, 2026 | 10/12 | 2 medium, 4 low flags | 5 | 0 | Call sheet → |
| Q4'25 | January 22, 2026 | 7/12 | 1 high, 3 medium, 2 low flags | 6 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Pending | 100 ID projects to enter service in 2026 21 complete in Q1, tracking to plan |
| Q2'26 | Pending | Same-store pricing better than last year Kenney reaffirmed but wouldn't quantify |
| Q2'26 | Pending | Building 2027 productivity pipeline Now 'halfway through' the process but no specifics |
| Q2'26 | Pending | Howard Street Tunnel improvements nearing completion Now saying 'next week or so' for final bridge, was 'nearing' in Q1 |
| Q2'26 | Delivered | Maintaining cost discipline while handling growth Non-fuel expenses down 2% on 6% volume growth |
| Q2'26 | Missed | Sequential improvement in service metrics throughout Q2 Dwell increased, Trip Plan performance deteriorated per Cory's admission |
| Q1'26 | Exceeded | 100+ productivity initiatives across company Delivered substantial cost reductions and already building 2027 pipeline |
| Q1'26 | Delivered | Howard Street Tunnel double-stack in Q2 Last bridge completing next week, ahead of schedule |
| Q1'26 | Delivered | Low single-digit revenue growth assuming flat industrial production Delivered 2% revenue growth, raised to mid-single digits including fuel |
| Q1'26 | Pending | 2026 CapEx below $2.4 billion Reiterated commitment, no change |
| Q1'26 | Exceeded | Free cash flow growth of at least 50% vs 2025 Raised target to more than 60% growth |
| Q1'26 | Exceeded | Operating margin expansion of 200-300 basis points for 2026 Delivered 420 bps in Q1 and now trending toward high end of range |
| Q4'25 | Delivered | Opportunistic use of share repurchases Over $2 billion returned to shareholders year-to-date |
| Q4'25 | Delivered | Continue demonstrated track record of powerful cash generation $1.1B YTD free cash flow despite Blue Ridge spend |
| Q4'25 | Delivered | No change to full year CapEx guidance of $2.5B excluding Blue Ridge Guidance maintained, 2026 reduced to below $2.4B |
| Q4'25 | Exceeded | Howard Street and Blue Ridge projects complete by year-end Both finished slightly ahead of schedule per Mike Cory |
| Q4'25 | Delivered | Strong operational performance and cost efficiencies in Q4 Network fluidity maintained, delivered $50M in restructuring actions |
| Q4'25 | Delivered | Volume growth for full year 2025 +1% Q4 volume despite industrial headwinds, consistent with Q3 guidance |
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