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Waste Connections WCN Q2 2026 earnings

Reported July 22, 2026 · After market close

Revenue$2.5BBeat by $28.1M
EPS$1.50Beat by $0.15
Revenue estimate$2.5B
EPS estimate$1.35
Our outperformance, in spite of ongoing geopolitical instability and the associated uncertainty, is a reflection of our differentiated strategy and a purposeful culture, both of which will continue to set us apart.
Ronald J. Mittelstaedt

Next report

Oct 20, 2026 (in 2 months)
Revenue estimate$2.6B
EPS estimate$1.51

Financials

Q2 2026

Income statement

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Revenue$2.6B+6.4%
Gross profit$1.1B+6.7%
Operating income$437.6M-4.8%
Net income$296.4M+2.1%
EPS (diluted)$1.17+4.5%

Balance sheet

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Cash & equivalents$98.2M-10.9%
Total debt$9.6B+10.8%
Total assets$21.4B+3.5%

Cash flow

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Operating cash flow$733.3M+14.9%
CapEx$302.4M+6.0%
Free cash flow$430.9M+22.1%

Valuation & ratios

Valuation

as of 08/27/26
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Market cap$42.05B-10.7%
Enterprise value$51.58B-7.4%
P/E39.7×
P/S4.3×-0.8×

Profitability

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Gross margin42.5%+0.5pp
Operating margin17%
Net margin10.9%
FCF margin12.6%+0.3pp

Returns & leverage

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Current ratio0.7×0.0×

Segments

By product

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Commercial$784.5M+7.2%
Residential$619.7M+4.6%
Landfill$417.5M+3.8%
Transfer$412.0M+7.9%
Industrial And Construction Roll Off$385.0M+4.9%

By segment

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Southern$581.6M+7.9%
Western$562.5M+6.4%
Eastern$542.2M+1.7%
Central$478.5M+5.9%
Canada$425.5M

FAQ

When did Waste Connections report Q2 2026 earnings?
Waste Connections (WCN) reported Q2 2026 earnings on July 22, 2026 after market close.
What were Waste Connections's Q2 2026 revenue and EPS?
Waste Connections reported revenue of $2.5B and eps of $1.50 for Q2 2026.
Did Waste Connections beat estimates in Q2 2026?
Revenue beat the consensus estimate of $2.5B by $28.1M. EPS beat the consensus estimate of $1.35 by $0.15.
How did Waste Connections's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 3.8% from $2.4B a year earlier and eps grew 16.3% from $1.29.
Where can I find Waste Connections's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001104659-26-085802) and the 10-Q periodic report (0001104659-26-086006) directly on SEC EDGAR. The filing index links above go to sec.gov.