Waste Connections reports Q4 adjusted EPS $1.29, consensus $1.27

Reports Q4 revenue $2.373B, consensus $2.37B. “Adjusted EBITDA margin expansion of 110 basis points in the fourth quarter capped off a remarkable year for Waste Connections (WCN), driven by price-led organic growth in solid waste and strong execution from ongoing improvements in operating trends. For the full year 2025, we delivered industry-leading adjusted EBITDA margin of 33.0%, up 100 basis points year over year, excluding the impact of lower commodities,” said Ronald J. Mittelstaedt, President and Chief Executive Officer. “We also completed another year of above-average acquisition activity, with approximately $330 million in acquired annualized revenue, plus returned a record amount to shareholders including through share repurchases of over $500 million.”