AI-extracted from the 10-Q filed 2026-10-22 — Q3 FY2026 (quarter ended September 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Waste Connections' Q3 2026 revenue rose 7.3% to $2.638B and operating income rose 23.2% to $541.7M, driven by price increases and E&P waste growth.
Biggest Revenue Drivers
Southern$548.8M+13% YoY
Price increases, acquisitions and higher E&P waste revenues from increased drilling and production, partially offset by lower commercial and residential volumes
Western$522.4M+7% YoY
Price increases, acquisitions, higher residential and commercial collection volumes and recyclable commodity revenues, partially offset by lower intermodal activity
Biggest Revenue Drivers
Total revenue: $2.638B+7.3% YoY
Southern$548.8M+13% YoY
Price increases, acquisitions and higher E&P waste revenues from increased drilling and production, partially offset by lower commercial and residential volumes
Western$522.4M+7% YoY
Price increases, acquisitions, higher residential and commercial collection volumes and recyclable commodity revenues, partially offset by lower intermodal activity
Eastern$451.2M+2% YoY
Price increases and acquisitions, partially offset by lower commercial collection volumes and decreases in roll off and post-collection volumes
Central$435.8M+5% YoY
Price increases, acquisitions, higher landfill gas sales and recyclable commodity revenues, partially offset by lower roll off volumes
Canada$379.2M+8% YoY
Price increases, higher E&P waste volumes, increased landfill gas sales and acquisitions, partially offset by lower commercial and residential volumes
Largest Expense Items
Cost of operations$1.501B+6.7% YoY
Higher fuel costs from diesel prices, higher taxes on revenues, new facility operating costs, and increased labor and incentive compensation, partially offset by lower risk management expenses
Selling, general and administrative$253.9M+7.4% YoY
Increase in administrative payroll and incentive compensation, plus higher travel, meetings and charitable contributions
Depreciation$290.6M+10.1% YoY
Fleet and equipment additions to support existing operations and higher depletion at existing operations
Margins: Operating margin expanded to 20.5% from 17.9%, mainly from lower impairments and other operating items ($1.9M vs $60.1M) and price-led revenue growth, partially offset by higher fuel and labor costs.
Watch Items from the Filing
Chiquita Canyon Landfill: approximately 14,000 plaintiffs in civil lawsuits as of October 13, 2026; the company cannot estimate possible loss or range of loss.
Los Angeles County litigation seeks injunction and civil penalties on the Chiquita Canyon landfill; the company cannot determine the potential penalty amount.
Q3 impairments and other operating items fell to $1.9M, versus $139.9M year-to-date, which included $132.0M of closure and post-closure liability adjustments.
Variable-rate debt of $1.729B unhedged; a one percentage point rate increase would reduce annual pre-tax income by about $17.3M.
Q3 volume losses of $54.8M from lower roll off and commercial collection volumes in Eastern, Southern and Canada segments, partly offset by landfill volume gains.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
7 transactions in WCN reported by 4 members of Congress under the STOCK Act, most recent trade Sep 23, 2025. Reported transactions, not recommendations.
About Waste Connections, Inc. (WCN): stock profile, AI score and financials
Waste Connections, Inc. (WCN) stock profile, AI quality score, and SEC EDGAR financial data, a Utilities sector company. 13F Pro's AI-powered ranking engine scores WCN at 65.5/100 on a composite quality score built from its SEC filings, placing it at rank #469 of 2,925 stocks — the top 25% of the AI-ranked universe. Based on the latest XBRL financial filings (Q3 2026), Waste Connections, Inc. reports quarterly revenue of $2.6B, net income of $359.2M, an operating margin of 20.5%. Top institutional holders of WCN by reported 13-F value include VANGUARD CAPITAL MANAGEMENT, ROYAL BANK OF CANADA, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. WCN trades on the NYSE exchange and files with the SEC under CIK 1318220. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate WCN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Waste Connections, Inc. directly from SEC EDGAR.