Waste Connections Delivers Strong Q1 2026 Results, Boosts Outlook
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Waste Connections ( (TSE:WCN) ) has provided an update.
Waste Connections reported better-than-expected first-quarter 2026 results on April 22, 2026, with revenue rising 6.4% year on year to $2.37 billion and adjusted EBITDA increasing 8% to $769.5 million, driving a 32.5% adjusted EBITDA margin despite weather-related headwinds and higher fuel costs. Net income declined to $219.3 million from $241.5 million due to higher impairments tied to landfill closure and post-closure costs, but adjusted net income per share improved to $1.23, while the company signaled continued acquisition momentum, operational benefits from AI-driven investments, and stepped-up capital returns after repurchasing about 1% of its shares year-to-date, underscoring confidence in its outlook amid geopolitical uncertainty.
The most recent analyst rating on (TSE:WCN) stock is a Hold with a C$185.00 price target. To see the full list of analyst forecasts on Waste Connections stock, see the TSE:WCN Stock Forecast page.
Spark’s Take on WCN Stock
According to Spark, TipRanks’ AI Analyst, WCN is a Neutral.
The score is driven mainly by solid underlying profitability and operating cash generation, plus constructive 2026 guidance for margins and free cash flow. These strengths are tempered by a weak technical setup (price below major moving averages), premium valuation (high P/E with low yield), and financial trajectory concerns from the 2025 revenue/FCF decline and rising leverage.
To see Spark’s full report on WCN stock, click here.
More about Waste Connections
Waste Connections, Inc. is an integrated solid waste services company providing non-hazardous waste collection, transfer and disposal, including by rail, as well as recycling and renewable fuels generation. It serves about nine million residential, commercial and industrial customers in mostly exclusive and secondary markets across 46 U.S. states and six Canadian provinces, and also offers non-hazardous oilfield waste and intermodal services.
Average Trading Volume: 353,390
Technical Sentiment Signal: Hold
Current Market Cap: C$55.6B
Find detailed analytics on WCN stock on TipRanks’ Stock Analysis page.
