Waste Connections, Inc. (WCN) Form 8-K — Oct 21, 2026
Waste Connections reported Q3 2026 revenue of $2.638 billion, exceeding expectations, with net income of $359.2 million ($1.43 per diluted share) and adjusted EBITDA of $895.8 million at a 34.0% margin. Revenue grew from $2.458 billion in the year-ago quarter, aided by improving solid waste landfill volumes and stronger commodity-related revenues. The company raised its full-year 2026 outlook for the second time, guiding to approximately $10.09 billion in revenue and $3.345 billion in adjusted EBITDA, with adjusted free cash flow of at least $1.4 billion.
Key figures
- Eps
- 1.43
- Revenue
- 2638081000
- Guidance
- 2026 revenue ~$10.09B; net income ~$1.18B; adjusted EBITDA ~$3.345B; capex ~$1.25B; operating cash flow $2.64-2.69B; adjusted free cash flow $1.40-1.45B
- Net Income
- 359224000
- Revenue Yoy
- 7.3% (up from $2.458 billion in Q3 2025)
- Total Assets
- 21510268000
- Cash Position
- 95694000
- Shares Outstanding
- 250247624
- Ytd revenue
- $7.570 billion
- Ytd buybacks
- over $1 billion (~2.5% of outstanding shares)
- Core price q3
- 5.5%
- Ytd net income
- $875.0 million ($3.45 per diluted share)
- Adjusted eps q3
- 1.58
- Acquisitions ytd
- ~$130 million in annualized revenues
- Dividend increase
- 10% quarterly dividend increase (16th consecutive annual increase)
- Adjusted ebitda q3
- $895.8 million (34.0% of revenue)
- Debt to book capitalization
- 54%
- Solid waste internal growth q3
- 4.5%
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