Waste Connections, Inc. · TSX:WCN
Waste Connections — Q2 2026 Earnings Presentation
12 slides from Waste Connections's earnings presentation, Jul 23, 2026
Slide 1: Waste Connections Reports Second Quarter 2026 Results and Raises Full Year Outlook
WASTE CONNECTIONS REPORTS SECOND QUARTER 2026 RESULTS AND RAISES FULL YEAR OUTLOOK - Better than expected results drive increase to full year 2026 outlook, with upside from improving commodities and ongoing acquisition activity - Revenue of $2.562 billion, above expectations and up 6.4% - Net income
Slide 2: Six Months Year to Date Results
Six Months Year to Date Results For the six months ended June 30, 2026, revenue was $4.932 billion, up from $4.635 billion in the year ago period. Operating income, which included $138.0 million primarily attributable to adjustments to landfill closure and post closure costs, $9.9 million in transac
Slide 3: Q2 2026 Earnings Conference Call
Q2 2026 Earnings Conference Call Waste Connections will be hosting a conference call related to second quarter earnings on July 23rd at 8:30 A.M. Eastern Time. A live audio webcast of the conference call can be accessed by visiting investors.wasteconnections.com and selecting "Events & Presentations
Slide 4: Condensed Consolidated Statements of Net Income
WASTE CONNECTIONS, INC. CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME THREE AND SIX MONTHS ENDED JUNE 30, 2025 AND 2026 (Unaudited) (in thousands of U.S. dollars, except share and per share amounts) Three months ended Six months ended June 30, June 30, 2025 2026 2025 2026 Revenues $ 2,407,055 $ 2,
Slide 5: Condensed Consolidated Balance Sheets
WASTE CONNECTIONS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (in thousands of U.S. dollars, except share and per share amounts) December 31, June 30, 2025 2026 ASSETS Current assets: Cash and equivalents $ 45,968 $ 98,180 Accounts receivable, net of allowance for credit losses of $21,40
Slide 6: Condensed Consolidated Statements of Cash Flows
WASTE CONNECTIONS, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS SIX MONTHS ENDED JUNE 30, 2025 AND 2026 (Unaudited) (in thousands of U.S. dollars) Six months ended June 30, 2025 2026 Cash flows from operating activities: Net income $ 531,787 $ 515,742 Adjustments to reconcile net income to n
Slide 7: Additional Statistics
ADDITIONAL STATISTICS (in thousands of U.S. dollars, except where noted) Solid Waste Internal Growth: The following table reflects a breakdown of the components of our solid waste internal growth for the three and six month periods ended June 30, 2026: Three months ended Six months ended June 30, 20
Slide 8: Additional Statistics (continued)
ADDITIONAL STATISTICS (continued) (in thousands of U.S. dollars, except where noted) Contribution from Acquisitions: The following table reflects revenues from acquisitions, net of divestitures, closed during or subsequent to the prior periods: Three months ended Six months ended June 30, June 30, 2
Slide 9: Non-GAAP Reconciliation Schedule
NON-GAAP RECONCILIATION SCHEDULE (in thousands of U.S. dollars, except where noted) Reconciliation of Adjusted EBITDA: Adjusted EBITDA, a non-GAAP financial measure, is provided supplementally because it is widely used by investors as a performance and valuation measure in the solid waste industry.
Slide 10: Non-GAAP Reconciliation Schedule (continued)
NON-GAAP RECONCILIATION SCHEDULE (continued) (in thousands of U.S. dollars, except where noted) Reconciliation of Adjusted Free Cash Flow: Adjusted free cash flow, a non-GAAP financial measure, is provided supplementally because it is widely used by investors as a liquidity measure in the solid wast
Slide 11: Non-GAAP Reconciliation Schedule (continued)
NON-GAAP RECONCILIATION SCHEDULE (continued) (in thousands of U.S. dollars, except per share amounts) Reconciliation of Adjusted Net Income and Adjusted Net Income per Diluted Share: Adjusted net income and adjusted net income per diluted share, both non-GAAP financial measures, are provided supplem
Slide 12: Updated 2026 Outlook Non-GAAP Reconciliation Schedule
UPDATED 2026 OUTLOOK NON-GAAP RECONCILIATION SCHEDULE (in thousands of U.S. dollars, except where noted) Reconciliation of Adjusted EBITDA: Updated 2026 Outlook Low High Estimate Estimate Net income $ 1,169,000 $ 1,173,000 Plus: Income tax provision(a) 351,000 353,000 Plus: Interest expense, net 358