Waste Connections Q3 revenue beats on lower costs

Waste Connections

21/10/2025 21:26

Overview

Waste Connections Q3 revenue of $2.458 bln beats analyst expectations

Waste management firm's adjusted EBITDA for Q3 exceeds expectations, reflecting strong operational performance

Company increased quarterly dividend by 11.1% and repurchased 1% of shares

Outlook

Company maintains full-year 2025 outlook as provided in July

Result Drivers

OPERATING TRENDS - Improved operating trends and cost management drove better than expected results

SAFETY AND TURNOVER - Record low safety incident rates and reduced employee turnover contributed to margin expansion

ACQUISITIONS - Ongoing acquisition activity supported growth strategy

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$2.45 bln
$2.44 bln (13 Analysts)
Q3 Adjusted Net Income
$372 mln
Q3 Net Income
$286.27 mln
Q3 Adjusted EBITDA
$830.30 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 1 "hold" and no "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$273.22, about 10.6% above its October 20 closing price of C$244.20

The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 33 three months ago

Press Release: ID:nCNWGKv5Ka

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)