GFL Environmental Renews Share Buyback and Secures Added OSC Relief for Secondary-Offering Repurchases

An announcement from GFL Environmental ( (TSE:GFL) ) is now available.

GFL Environmental Inc., a major North American environmental services provider specializing in solid waste management, reported that it had 346,575,862 subordinate voting shares outstanding as of February 18, 2026, and previously repurchased 18,360,127 shares under its normal course issuer bid that began on March 3, 2025. The company operates across Canada and 18 U.S. states, leveraging its scale and workforce of more than 15,000 employees to serve a broad customer base.

On February 27, 2026, GFL announced that the Toronto Stock Exchange approved the renewal of its normal course issuer bid, allowing the company to repurchase up to 27,396,513 subordinate voting shares, or 10% of its public float, between March 3, 2026 and March 2, 2027. GFL also obtained exemptive relief from the Ontario Securities Commission to buy up to 50% of shares in certain secondary offerings, to a cap of 34,657,586 shares, creating parallel repurchase channels that signal continued capital-return flexibility and potentially increased support for its share price without the two authorizations reducing each other’s capacity.

Under the renewed program, daily purchases on the TSX are capped at 103,153 shares, with the option to execute larger weekly block trades and to use U.S. trading platforms under earlier OSC relief that permits buying up to 10% of its public float in the United States. Oversight by an independent special committee and the requirement that secondary-offering repurchases occur at a discount to market are intended to align buybacks with shareholder interests, while leaving GFL discretion to adjust the pace of repurchases in line with market conditions, alternative capital uses and its balance sheet position.

The most recent analyst rating on (TSE:GFL) stock is a Buy with a C$68.00 price target. To see the full list of analyst forecasts on GFL Environmental stock, see the TSE:GFL Stock Forecast page.

Spark’s Take on TSE:GFL Stock

According to Spark, TipRanks’ AI Analyst, TSE:GFL is a Neutral.

The score is driven by solid underlying cash generation and a favorable valuation (low P/E and high dividend yield), supported by a positive earnings-call backdrop with raised guidance and record margins. These are tempered by high leverage and mixed earnings quality/recent revenue decline, plus weak technical trend signals (below key moving averages with negative MACD).

To see Spark’s full report on TSE:GFL stock, click here.

More about GFL Environmental

GFL Environmental Inc. is the fourth-largest diversified environmental services company in North America, providing comprehensive solid waste management services through a broad network of facilities across Canada and 18 U.S. states. The company employs more than 15,000 people and focuses on integrated waste solutions for municipal, commercial and industrial customers.

Average Trading Volume: 338,701

Technical Sentiment Signal: Hold

Current Market Cap: C$20.74B

Find detailed analytics on GFL stock on TipRanks’ Stock Analysis page.