Waste Connections

Q3 FY2026 EarningsFY26 Q3 results beat consensus across key metrics: revenue $2.64B vs. $2.61B expected, and adjusted EPS $1.58 vs. $1.52 expected. Solid waste price-led growth of $153.4M and a rebound in E&P waste revenue (up $19.1M) drove a 7.3% YoY revenue increase. Adjusted EBITDA margin reached 33.9%, supported by lower risk management costs (-0.7pct), despite higher fuel expenses. The board raised the quarterly dividend by 10% to $0.385, signaling confidence in sustained free cash flow generation.