Canada's GFL Environmental raises 2026 outlook after Q2 revenue beats estimates

GFL Environmental

29/07/2026 21:51

Overview
Canada waste management firm's Q2 revenue rose 16%, beating analyst expectations
Adjusted EBITDA for Q2 increased 15% year-over-year
Company raised full-year 2026 guidance for revenue and adjusted EBITDA growth

Outlook
GFL now expects 2026 revenue of C$7.51 bln to C$7.53 bln, up from prior guidance
Company raises 2026 adjusted EBITDA forecast to C$2.29 bln from C$2.23 bln
GFL lifts 2026 adjusted free cash flow outlook to C$900 mln from C$850 mln

Result Drivers
ORGANIC GROWTH - Co reported 6.4% organic revenue growth in Q2, with sequential acceleration
PRICING ACTIONS - Core pricing contributed 6.1% to total revenue growth in Q2
ACQUISITIONS - Year-to-date completed acquisitions generating approximately C$435 mln to C$460 mln in annualized revenue

Company press release: ID:nCNWTM9pna

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
C$1.95 bln
C$1.9 bln (14 Analysts)
Q2 Net Loss
 
C$162.6 mln
 
Q2 Pretax Loss
 
C$184 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 2 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the environmental services & equipment peer group is "buy"
Wall Street's median 12-month price target for GFL Environmental Inc is C$67.00, about 21.2% above its July 28 closing price of C$55.26
The stock recently traded at 50 times the next 12-month earnings vs. a P/E of 58 three months ago

Reuters Recommended Reads
July 28 - Waste Management Q2 revenue rises driven by core price increases
July 29 - Canada's Secure Waste Q2 revenue rises on new projects
July 29 - Clean Harbors Q2 revenue beats estimates on strong disposal and recycling demand 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)