Waste Connections Raises Full-Year Outlook on Strong Q2 Performance — Waste Connections, Inc.

Event summary

Waste Connections reported Q2 2026 revenue of $2.562 billion, up from $2.407 billion in the prior year.
Adjusted EBITDA margin expanded to 32.8%, overcoming cost pressures from fuel and commodity values.
The company raised its full-year outlook to revenue of $10.02–$10.05 billion and adjusted EBITDA of $3.33–$3.34 billion.
Waste Connections completed acquisitions with over $100 million in annualized revenue and plans further activity.

The big picture

Waste Connections' strong Q2 results and raised outlook reflect its ability to navigate cost pressures through operational execution. The company's strategic focus on acquisitions and sustainability initiatives positions it well in a fragmented waste management industry, though geopolitical risks remain a wildcard.

What we're watching

Cost Pressures: How Waste Connections will manage rising fuel and commodity costs amid geopolitical instability.
M&A Strategy: Whether the company can sustain its aggressive acquisition pace while maintaining operational efficiency.
Commodity Trends: The impact of improving commodity values on Waste Connections' financial performance in H2 2026.