GFL is moving higher as investors reprice the stock after the company posted first-quarter 2026 results that management said were ahead of expectations and lifted its full-year 2026 outlook. The key incremental catalyst is the raised full-year 2026 Adjusted EBITDA target to approximately $2.23 billion, up $90 million, with the update tied to acquisitions completed through April 1, 2026. (prnewswire.com)

In Q1 2026, GFL reported revenue of $1.6438 billion (+5.4% year over year) and Adjusted EBITDA of $478.5 million (+12.3%), with Adjusted EBITDA margin rising to 29.1% (a record for Q1 for the company) versus 27.3% a year ago. Management highlighted 7.0% price growth and margin expansion as central drivers of the quarter’s operating performance. (prnewswire.com)

Alongside the quarter, GFL increased full-year 2026 revenue guidance to roughly $7.32–$7.34 billion, raised Adjusted EBITDA guidance to about $2.23 billion, and lifted Adjusted free cash flow guidance to about $850 million. Management also emphasized that the higher guidance reflects only completed acquisitions through April 1, 2026 and excludes any upside from the proposed SECURE Waste acquisition, which it expects to close in the second half of 2026—keeping an additional potential catalyst in focus. (prnewswire.com)

The next near-term swing factor is investor digestion of the updated 2026 outlook and any additional detail from management’s earnings call on April 30, 2026 at 8:30 a.m. ET. Beyond the call, attention is likely to center on whether price-led growth remains elevated, the pace and integration of tuck-in acquisitions, and milestones on the proposed SECURE Waste transaction timeline. (investors.gflenv.com)