Waste Connections

Q2 FY2026 EarningsQ2 FY26 revenue rose 6.4% YoY to $2.56B, driven by price increases of $146.3M and acquisition contributions of $47.1M, offsetting volume losses of $64.1M. Adjusted EBITDA reached $840.1M with a 32.8% margin, while reported net income grew slightly to $296.4M. Free cash flow remained strong, supporting $614.5M in share repurchases during the first half of FY26. Operating margins were impacted by higher fuel and labor costs, and significant non-cash landfill liability adjustments.