Heavy Equipment Operator

TORONTO--(BUSINESS WIRE)-- Following the previous announcement of the launch of a senior notes offering, Waste Connections, Inc. (TSX/NYSE: WCN) (Waste Connections or the Company) announced today that...

Waste Connections exceeds revenue expectations in Q2. The North American waste services firm has reported better than expected results in this year's second quarter and improved its fiscal outlook for the rest of the year. Published July 22, 2026 | Updated July 23, 2026 Toronto-based Waste Connections Inc., which offers waste and recycling services throughout the United States and Canada, has cited improving recycled commodity prices and its ongoing acquisition activity as contributors to its profitable second quarter and improved outlook for the remainder of 2026. For the April through June 2026 time period, Waste Connections has reported revenue of more than $2.56 billion (in U.S. dollars), which it calls above expectations and marking a 6.4 percent increase in revenue year on year. Waste Connections has reported adjusted net income of more than $290 million, or $1.12 per share. In part because of a $99 million tax revision, the net income figure is 2 percent lower compared with the second quarter of 2025. "We are extremely pleased to deliver results above expectations, led primarily by strong operational execution driving a top-to-bottom beat in the second quarter," says Ronald J. Mittelstaedt, president and CEO of the company. Mittelstaedt says the firm's adjusted EBITDA margin expanded to 32.8 percent on 70 basis points of underlying margin expansion during this year's second quarter, "overcoming cost pressures primarily from rapidly spiking fuel and related costs, as well as ongoing drags from [what had been] comparatively lower commodity values." Waste Connections divides its operations into five revenue generating business units: waste collection; waste disposal and transfer; recycling; its oil and gas sector exploration and production (E&P) activities; and a mixed "intermodal and other" category. The second quarter of 2026, the roughly $64 million of revenue generated by recycling was at the lower end of its business units, along with $63 in revenue in the "intermodal and other" unit. By far the most revenue, at $1.79 billion, was earned by waste collection. Concerning the second half of 2026, the CEO says, "Recent commodity values and ongoing fuel cost recovery, plus contributions from acquisitions closed to date, position us to increase our full year outlook to revenue of $10.02 billion to $10.05 billion and adjusted EBITDA of $3.33 billion to $3.34 billion." Adds Mittelstaedt, "We've completed acquisitions with over $100 million in annualized revenue and remain well positioned for another outsized year of [M&A] activity. The enduring strength of our balance sheet and free cash flow generation once again demonstrates our ability to fund our growth strategy while increasing our return of capital to shareholders." Sponsored Content Keep your fleet moving safely and efficiently with Rosco's advanced visibility solutions. Designed to enhance awareness and reduce blind spots, its technology empowers drivers and protects vulnerable road users on every route. See how smarter vision supports safety, compliance, and performance across your fleet operations. In the outlook section of its second quarter earnings press release, Waste Connections says it estimates its capital expenditure amount will reach approximately $1.25 billion in 2026. Get curated news on YOUR industry. Enter your email to receive its newsletters.

Waste management firm buys Miami-Dade trucking terminal for $51M. July 8, 2026 Waste Connections has expanded its South Florida footprint with the acquisition of a 12-acre trucking terminal in Miami Gardens for $51 million. The property, located at 17707 Northwest Miami Court, was purchased from CenterPoint Properties and is strategically positioned along Interstate 95 just north of its interchange with Florida's Turnpike, providing convenient access to major regional transportation corridors. The site is designed to support large-scale fleet operations, featuring approximately 370 truck parking spaces and a 3,786-square-foot support building. The acquisition aligns with Waste Connections' operational needs as the company continues to invest in infrastructure that supports waste collection, transportation, and logistics in one of the nation's fastest-growing metropolitan areas. For CenterPoint Properties, the sale represents a successful disposition of an industrial outdoor storage asset. The company acquired the terminal in 2022 for $47.5 million and sold it for $51 million, realizing a modest gain while continuing its strategy of capitalizing on strong investor demand for well-located logistics facilities. The transaction follows another recent trucking terminal sale by CenterPoint in Miami-Dade County, underscoring the sustained interest in industrial outdoor storage properties across South Florida. The sale highlights the continued strength of the industrial outdoor storage market, where properties offering extensive truck parking and direct highway access remain highly sought after by transportation, logistics, and fleet-based operators. As e-commerce, freight movement, and essential service providers continue to drive demand for strategically located industrial sites, assets such as the Miami Gardens terminal are expected to remain valuable components of the region's industrial real estate market.