Waste Connections Revenue Climbs 6.4% to $2.37B in Q1 2026

Waste Connections, Inc., a solid waste collection and disposal services company, posted total revenue of $2.37 billion for the three months ending March 31, 2026, a 6.4% increase from $2.23 billion in the same period of 2025. The company trades under the ticker symbol not specified in the filing data. Read more earnings reports.

Operating income for the quarter declined to $364.1 million from $390.2 million a year earlier, a drop of 6.7%. Cost of goods sold rose to $1.36 billion from $1.29 billion, while selling, general and administrative expenses inched up to $251.1 million from $250.1 million.

Earnings per share on a diluted basis came in at $0.86, down from $0.93 in the first quarter of 2025. Basic earnings per share similarly declined to $0.86 from $0.94. The weighted average number of diluted shares outstanding fell to 255.9 million from 258.9 million.

The company generated $545.6 million in cash from operations during the quarter, up slightly from $541.5 million in the prior-year period. Cash used in investing activities totaled $355.7 million, compared with $603.2 million a year earlier. Financing activities consumed $96.1 million, a shift from the $113.4 million generated in the first quarter of 2025.

Waste Connections ended the quarter with $112.4 million in cash and cash equivalents, up from $46.0 million at December 31, 2025. When combined with restricted cash, total cash stood at $322.6 million as of March 31, 2026, compared with $249.4 million at the end of the first quarter of 2025.

Total assets reached $21.19 billion at quarter-end, up from $21.13 billion three months earlier and $20.25 billion at the end of the first quarter of 2025. Goodwill increased to $8.41 billion from $8.39 billion at year-end 2025. Intangible assets declined to $1.96 billion from $2.01 billion.

Total liabilities rose to $13.13 billion from $12.88 billion at the end of 2025. Current liabilities decreased to $2.01 billion from $2.12 billion. Accounts payable fell to $712.4 million from $765.2 million.

Retained earnings climbed to $5.33 billion from $5.20 billion at December 31, 2025. Common shares outstanding totaled 254.2 million at the end of the quarter, down from 255.6 million three months prior.