Brief: Waste Connections Q2 Revenue USD 2,407.055 Million Vs. IBES Estimate USD 2,394 Million

Waste Connections

23/07/2025 21:06

Overview

Waste Connections Q2 2025 revenue grows 7.1% yr/yr, beating analysts' expectations

Adjusted net income for Q2 rises to $333.1 mln

Co maintains full-year 2025 outlook

Outlook

Waste Connections maintains 2025 revenue outlook at $9.45 bln

Company expects 2025 adjusted EBITDA of $3.12 bln

Capital expenditures for 2025 estimated between $1.2 bln and $1.25 bln

Net cash from operations in 2025 estimated between $2.483 bln and $2.533 bln

Result Drivers

CORE PRICING - 6.6% increase in solid waste core pricing contributed to revenue growth

EMPLOYEE RETENTION - Improved employee retention and record safety performance supported results

ACQUISITIONS - Completed $200 mln in acquisition activity, enhancing revenue potential

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$2.41 bln
$2.39 bln (12 Analysts)
Q2 Adjusted Net Income
$333.10 mln
Q2 Net Income
$290.28 mln
Q2 Adjusted EBITDA
$786.4 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 3 "hold" and 1 "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 Waste Connections Inc is C$279.43, about 10% above its July 22 closing price of C$251.48

The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 36 three months ago

Press Release: ID:nCNWsrRYja

(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.)