Waste Connections, Inc.
Waste Connections, Inc. (WCN) is a North American integrated waste services company offering collection, transfer, recycling and landfill disposal services. With a market cap near $44.4 billion, it operates a network of local collections and long‑term disposal assets that can produce predictable, fee‑based cash flows. Growth historically comes from regional pricing power, contract renewals and disciplined acquisitions that expand scale and service depth. The business is capital‑intensive and exposed to fuel, labour and regulatory costs, and operational or environmental liabilities can affect results. Investors often value its resilient demand profile and potential for margin expansion, but should weigh cyclical headwinds, interest‑rate sensitivity and the company’s use of capital (acquisitions, dividends and buybacks). This summary is educational only, not personalised investment advice — values can fall as well as rise, and prospective investors should research current financials, dividend details and suitability for their own goals.
Why It's Moving
Waste Connections posts stronger-than-expected Q3 results amid cautious outlook on near-term headwinds
Waste Connections delivered a solid Q3 2025 with revenue and adjusted EBITDA surpassing expectations, driven by effective cost management and pricing strength. However, investor sentiment remains muted as analysts highlight volume challenges, regulatory risks, and trimmed near-term earnings forecasts.
- Q3 revenue reached $2.458 billion with adjusted EBITDA of $830.3 million, exceeding market forecasts and reflecting resilient operational execution.
- The company raised its quarterly dividend by 11.1% and executed share repurchases of about 1% of outstanding shares, signaling confidence in cash flow generation.
- Despite upbeat results, several analysts lowered Q4 and FY 2026 earnings estimates citing volume softness, commodity headwinds, and ongoing regulatory/legal risks, dampening near-term investor enthusiasm.
Waste Connections posts stronger-than-expected Q3 results amid cautious outlook on near-term headwinds
Waste Connections delivered a solid Q3 2025 with revenue and adjusted EBITDA surpassing expectations, driven by effective cost management and pricing strength. However, investor sentiment remains muted as analysts highlight volume challenges, regulatory risks, and trimmed near-term earnings forecasts.
- Q3 revenue reached $2.458 billion with adjusted EBITDA of $830.3 million, exceeding market forecasts and reflecting resilient operational execution.
- The company raised its quarterly dividend by 11.1% and executed share repurchases of about 1% of outstanding shares, signaling confidence in cash flow generation.
- Despite upbeat results, several analysts lowered Q4 and FY 2026 earnings estimates citing volume softness, commodity headwinds, and ongoing regulatory/legal risks, dampening near-term investor enthusiasm.
Stock Performance Snapshot
Analyst Rating
Analysts recommend buying Waste Connections' stock with a target price of $196.28, indicating growth potential.
Financial Health
Waste Connections is performing well with strong profits, cash flow, and revenue, indicating solid financial stability.
Dividend
Waste Connections, Inc. has a low dividend yield of 0.66%, which may not appeal to dividend-focused investors. If you invested $1000 you would be paid $6.60 a year in dividends (based on the last 12 months).
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Explore BasketWhy You’ll Want to Watch This Stock
Steady cash flows
Local contracts and landfill gate fees can deliver predictable revenues; however, performance can vary with fuel, labour and regulatory changes.
Regional scale edge
Scale in select markets supports pricing and operational efficiency, while acquisitions have been a growth lever — acquisitions carry integration risks.
Operational focus
Management emphasises cost control and asset optimisation which can boost margins, yet environmental incidents or policy shifts may affect returns.
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