Waste Connections Reports Third-Quarter Financial Results

Waste Connections Inc. reported its third-quarter financial results on October 21, 2026. Analysts anticipated earnings of $1.52 per share on revenue of $2.61 billion, reflecting modest sequential gains for the waste management company.

The company, valued at $42.7 billion, entered the reporting period facing investor scrutiny after its stock price declined 9% over the previous three months. Investors focused on cash flow conversion, pricing power, and volume trends to determine if the company's premium valuation remains justified.

A primary point of interest for analysts is whether capital spending related to Chiquita has peaked. If spending has leveled off, the company could see annual free cash flow growth of approximately 17% through 2029. While some firms trimmed their price targets in October due to near-term caution, 25 of 28 analysts maintained a buy rating with a consensus price target of $196.72.