Waste Connections raises 2026 outlook after quarterly beat
WCN•Waste Connections reported third-quarter revenue of $2.64 billion and adjusted EPS of $1.58, both above analyst expectations. It raised its 2026 revenue outlook to about $10.09 billion and expects adjusted free cash flow of $1.4 billion to $1.45 billion.
1. Quarterly results
Third-quarter revenue was $2.64 billion, compared with analyst expectations of $2.61 billion, while adjusted EPS of $1.58 beat expectations of $1.52. Adjusted net income was $398.90 million, net income was $359.20 million and adjusted EBITDA was $895.80 million.
2. 2026 outlook
Waste Connections raised its 2026 revenue outlook to about $10.09 billion. It expects net income of about $1.18 billion, adjusted EBITDA of $3.345 billion and adjusted free cash flow of $1.4 billion to $1.45 billion.
3. Operating factors
The company said improved landfill volumes contributed to third-quarter results, while elevated employee retention and record safety performance supported operating results. Underlying margin expansion offset higher diesel prices. It also raised its dividend by 10% and repurchased more than $1 billion in shares year to date.
