Waste Connections, Inc. — Form 8-K
Filed July 22, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
Waste Connections reported Q2 2026 revenue of $2.562B (+6.4% YoY) and adjusted EBITDA of $840.1M (+6.8% YoY), beating expectations. The company raised full-year 2026 guidance to $10.02–$10.05B revenue and $3.33–$3.34B adjusted EBITDA. Year-to-date share repurchases totaled $614.5M (~1.5% of shares outstanding), with acquisitions closed having ~$100M annualized revenue. Adjusted net income per diluted share was $1.50 in Q2 (vs. $1.29 prior year); margin expanded 70 bps to 32.8% despite fuel/commodity headwinds.
Why this rating
Strong operational execution and guidance raise are encouraging. However, $614.5M buyback and acquisitions total ~1.3% of $48.1B market cap—modest in scale. Core business growth (3.3–3.6% organic) is solid but not transformational; margins improved but face fuel/commodity pressures.
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