Waste Connections, Inc.'s Stock Analysis

Waste Connections Appoints New COO with Compensation Details

Waste Connections, Inc. has appointed Jason Craft as the new Executive Vice President and Chief Operating Officer, effective August 9, 2025. Mr. Craft, who has been with the company since 2003 and currently serves as Regional Vice President for the Southern Region, will take over from Darrell W. Chambliss, who is retiring. There are no disclosed arrangements or relationships that influenced Mr. Craft's selection for the role.

In conjunction with his appointment, Waste Connections US, Inc. has entered into a new letter agreement with Mr. Craft, which outlines an annual base salary of $500,000 and a target annual bonus of 100% of his base salary. Additionally, Mr. Craft will be eligible for equity awards, with a target annual amount expected to equal 225% of his base salary on the date of grant. Further details can be found in the full text of the Craft Letter Agreement and the Separation Benefits Plan referenced in the filing.

Aug 05, 2025 16:05:56

Waste Connections Announces Executive Retirement and Transition Plans

Waste Connections, Inc. has announced the retirement of Darrell W. Chambliss, who has served as Executive Vice President and Chief Operating Officer since 2003. Following his retirement, Chambliss will take on a new role as Senior Advisor, with an adjusted annual base salary of $50,000 and no eligibility for future bonuses or equity awards. The company plans to appoint a successor to Chambliss in the future.

The details of Chambliss' new role are outlined in a letter agreement related to the Separation Benefits Plan, which has been amended and restated. The full text of this agreement and the Plan can be found in the company's filings with the SEC. Investors may want to monitor the appointment of a new COO as it could impact the company’s operational strategy.

Jul 30, 2025 16:05:48

Waste Connections Reports Q2 2025 Financial Results and Outlook

Waste Connections, Inc. announced its second quarter 2025 financial results, reporting revenue of $2.407 billion, an increase from $2.248 billion in the same quarter of the previous year. Operating income for the quarter was $459.5 million, up from $424.7 million year-over-year, with net income at $290.3 million, or $1.12 per diluted share, compared to $275.5 million, or $1.07 per diluted share in Q2 2024. The company also highlighted a solid waste core pricing growth of 6.6% and noted improvements in employee retention and safety rates, contributing to margin expansion despite economic headwinds and lower contributions from commodity-related activities.

For the first half of 2025, Waste Connections reported revenue of $4.635 billion, compared to $4.321 billion in the prior year. The company updated its full-year outlook, projecting approximately 6% revenue growth and a 50 basis points increase in adjusted EBITDA margin to 33.0%. The company emphasized its financial strength and free cash flow generation, which positions it well for future acquisitions and capital returns to shareholders. The results and outlook reflect ongoing challenges in the economic environment but maintain expectations from earlier in the year.

Jul 23, 2025 16:10:56

Waste Connections Completes $500 Million Senior Notes Offering

Waste Connections, Inc. has completed a public offering of $500 million in 5.250% Senior Notes due 2035. The company will pay interest on these notes starting March 1, 2026, and they will mature on September 1, 2035. The notes are unsecured obligations and will rank equally with other unsubordinated debt. The company has the option to redeem the notes under certain conditions, including if changes in tax laws necessitate additional payments to noteholders.

In the event of a change of control, noteholders may require the company to purchase their notes at a price of 101% of the principal amount. The indenture governing the notes includes covenants that limit certain corporate actions, and it outlines events of default that could accelerate repayment obligations. Further details about the notes are available in the company's prospectus supplement and base prospectus.

Jun 04, 2025 16:17:18

Waste Connections Announces Senior Notes Offering for Credit Repayment

Waste Connections, Inc. has announced its intention to offer senior notes in an underwritten public offering, subject to market conditions. The proceeds from this offering will be used to repay a portion of the borrowings under its revolving credit facility. The company has engaged BofA Securities, J.P. Morgan, PNC Capital Markets LLC, and Truist Securities as joint book-running managers for the offering, which will be conducted under an effective shelf registration statement filed with the SEC.

Waste Connections provides integrated solid waste services, including waste collection, transfer, and disposal across the U.S. and Canada. The company serves approximately nine million customers and emphasizes its commitment to environmental, social, and governance (ESG) initiatives as part of its long-term value creation strategy. The offering does not constitute an offer to sell or solicit an offer to buy the notes in jurisdictions where such offers would be unlawful.

May 29, 2025 08:55:32

Waste Connections Amends Revolving Credit Agreement with Bank of America

Waste Connections, Inc. has amended its Revolving Credit Agreement with Bank of America and other lenders. The amendment, known as Amendment No. 1, removes the credit spread adjustment applicable to Term SOFR Loans and related loans referenced in the agreement.

This amendment is part of the ongoing modifications to the Revolving Credit Agreement originally dated February 27, 2024. The details of the First Amendment are available in the attached exhibit and are incorporated into the official report.

May 23, 2025 18:02:42

Waste Connections Announces Results of Annual Shareholders Meeting

Waste Connections, Inc. held its Annual Meeting of Shareholders on May 16, 2025, where all eight director nominees were elected as directors. Each director will serve until the next annual meeting or until their resignation or successor is appointed. The election followed the majority voting policy outlined in the Company’s Corporate Governance Guidelines.

Shareholders also approved the non-binding advisory vote on the compensation of named executive officers and appointed Grant Thornton LLP as the Company’s independent registered public accounting firm for 2025. The final voting results will be filed with the U.S. Securities and Exchange Commission and Canadian regulatory authorities.

May 16, 2025 16:57:39

Waste Connections Estimates Q2 2025 Revenue and Income Range

Waste Connections provided its financial outlook for the second quarter of 2025, estimating revenue between $2.375 billion and $2.400 billion. The net income attributable to the company is expected to range from $281 million to $285.5 million, with adjusted EBITDA anticipated to be between $777 million and $785 million, representing approximately 32.7% of revenue.

The estimates are based on current economic trends and do not account for any potential acquisitions or related expenses that may occur during the quarter. The company emphasized that adjusted EBITDA is a key performance measure used to evaluate its financial performance, though it is a non-GAAP metric and should be considered alongside GAAP financial measures.

Apr 24, 2025 08:51:17

Waste Connections Reports Q1 2025 Revenue Growth and Earnings

The company also highlighted its continued acquisition activity, with closed annualized revenues exceeding $125 million, including a new recycling facility in New Jersey. Waste Connections reported improvements in employee retention and safety performance for the tenth consecutive quarter. The earnings conference call is scheduled for April 24, 2025, where further details and the company's outlook for Q2 2025 will be discussed.

Apr 23, 2025 16:10:56

Waste Connections Estimates Q1 Revenue of $2.2 Billion

Waste Connections has provided an optimistic outlook for the first quarter of 2025, estimating revenue between $2.200 billion and $2.225 billion, with net income projected at $241 million to $246 million. The company also anticipates adjusted EBITDA to range from $700 million to $710 million, representing approximately 31.8% to 31.9% of revenue. These figures reflect expected growth in solid waste pricing and volume, despite the closure of the Chiquita Canyon Landfill impacting volume growth slightly.

However, the company’s estimates are contingent on maintaining the current economic environment and do not account for potential additional acquisitions or transaction-related expenses. The outlook also indicates that while they expect growth in pricing and volume, the impact of external factors remains a risk, as highlighted by their acknowledgment of various uncertainties that could affect actual results compared to their estimates.

Feb 13, 2025 08:57:52