REPUBLIC SERVICES, INC. (RSG) Form 10-Q — Aug 6, 2026

$RSGForm 10-QFiled Aug 6, 2026, 8:53 PM ET0001060391-26-000275Original filing

Republic Services reported Q2 2026 revenue of $4,430 million, up 4.6% year over year, with net income of $566 million and diluted EPS of $1.84 versus $1.75 in the prior-year quarter; six-month revenue rose 3.6% to $8,544 million. Management guided full-year 2026 revenue to $17.200-$17.300 billion and adjusted diluted EPS to $7.23-$7.28. Growth was price-led, with average yield of 3.4% and core price of 5.3%, while volume declined 1.6% on construction softness and certain municipal contract losses.

Key figures

Eps: $1.84 diluted Q2 2026 (vs $1.75); $3.54 six months (vs $3.33)
Revenue: $4,430M Q2 2026 (+4.6% YoY); $8,544M six months (+3.6% YoY)
Guidance: FY2026 revenue $17.200B-$17.300B; diluted EPS $7.18-$7.23; adjusted diluted EPS $7.23-$7.28
Net Income: $566M Q2 2026 (vs $550M); $1,092M six months (vs $1,045M)
Total Debt: $14.1B carrying value at 6/30/2026 (vs $13.6B at 12/31/2025)
Revenue Yoy: +4.6% (Q2); +3.6% (H1)
Total Assets: $35,159M at 6/30/2026
Cash Position: $107M cash and equivalents at 6/30/2026 (vs $76M at 12/31/2025); $306M including restricted cash
Shares Outstanding: 306212978
Q2 core price: 5.3%
Q2 average yield: 3.4%
Q2 volume change: -1.6%
Q2 share buybacks: $359M (1.7M shares at $207.43 avg); H1 $651M; $1.0B remaining under $3.0B authorization
Q2 adjusted ebitda: $1,423M (vs $1,361M in Q2 2025)
Quarterly dividend: $0.625 per share (approved May 2026)
Q2 operating income: $901M, 20.3% margin (flat YoY)
Commercial paper cap: raised from $1.5B to $2.0B on Aug 6, 2026
H1 acquisition spend: $860M total purchase price (cash used $850M)
Q2 effective tax rate: 19.0% (vs 23.6% in Q2 2025), aided by $41M renewable energy tax credits
Q2 equity method loss: $58M (vs $2M in Q2 2025); $110M for H1
June 2026 senior notes: $700M 4.750% due 2031 and $500M 5.000% due 2036
Q2 diesel cost per gallon: $5.35 (vs $3.56 in Q2 2025)
Recycled commodity price q2: $136 per ton (vs $149 in Q2 2025)
West lake superfund estimate: $392M undiscounted (EPA revised, up from $229M)

Price after filing

1 day: -0.3%7 days: +3.6%30 days: +7.2%

Close on the filing date to close N calendar days later (from $207.66). Historical, not a forecast.

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