NYSE$WCN
Waste Connections Inc · Q3 2025 earnings
Q3 2025 earnings · · After market close · Investor relations
Briefing
Waste Connections reported Q3 2025 revenues of $2.46B with net income attributable to Waste Connections of $286M and diluted EPS of $1.11.
Revenues were $2.46 billion with net income attributable to Waste Connections of $286 million and diluted EPS of $1.11. Solid waste pricing, acquisition contribution, and recycling commodity trends influenced the quarter.
- Q3 revenues $2.46B; net income attributable to WCN $286M.
- Diluted EPS $1.11; pricing and volume support organic growth.
- M&A integration and landfill/internalization trends affect margins.
- Recycling and special waste lines add revenue mix variability.
Headline financials
Revenue & EPS history
Waste Connections · Revenue · Quarterly
$2.46B
Revenue by segment
Waste Connections · $2.06B total across 5 segments · Q3 2023
- Solid Waste Collection$1.51B+10.5%73.0%
- Disposal & Transfer$418M+12.7%20.3%
- E&P Waste$58.5M+10.4%2.8%
- Intermodal & Other$44.9M-1.4%2.2%
- Solid Waste Recycling$35.1M-23.5%1.7%
Forward guidance
The filing discusses Waste Connections's outlook, capital allocation, and key risks for upcoming quarters, including operating priorities and balance-sheet flexibility where disclosed.
Tailwinds
- Waste Connections cites demand and execution supporting the near-term outlook.
- Liquidity and balance-sheet capacity support operations and shareholder returns.
Headwinds
- Macro, input costs, and FX may pressure margins quarter to quarter.
- Segment mix and one-time items can affect comparability versus prior periods.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2025
+0.4%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+2.3%
Avg return
30 days after
57%
37 / 65 earnings
Positive
+8.1%
Q1 2026
Best reaction
-8.2%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +8.1% | +4.5% | -0.6% | |
| Q4 2025 | -8.2% | -6.1% | -3.0% | |
| Q3 2025 | +2.7% | +0.6% | +0.9% | |
| Q2 2025 | +0.0% | +0.6% | -4.7% | |
| Q1 2025 | +0.5% | -0.1% | +0.6% | |
| Q4 2024 | -0.6% | -1.2% | -2.5% | |
| Q3 2024 | -1.5% | -2.4% | +4.7% | |
| Q2 2024 | -2.9% | -2.7% | +3.2% | |
| Q1 2024 | -0.6% | -0.9% | -0.4% | |
| Q4 2023 | +6.3% | +8.7% | +9.6% | |
| Q3 2023 | -4.8% | -3.4% | -0.8% | |
| Q2 2023 | -1.5% | +0.2% | -2.5% | |
| Q1 2023 | -3.1% | -1.5% | -2.0% | |
| Q4 2022 | +1.2% | +1.1% | -0.2% | |
| Q3 2022 | +5.8% | +6.5% | +11.1% | |
| Q2 2022 | +2.7% | +4.7% | +5.5% | |
| Q1 2022 | -2.5% | -5.8% | -3.2% | |
| Q4 2021 | +0.7% | +1.2% | +15.5% | |
| Q3 2021 | +0.5% | +3.0% | +1.6% | |
| Q2 2021 | -1.2% | -1.8% | +2.9% | |
| Q1 2021 | +1.3% | +2.8% | +3.8% | |
| Q4 2020 | +1.3% | +0.4% | +4.6% | |
| Q3 2020 | -2.7% | -1.9% | +2.8% | |
| Q2 2020 | +0.7% | -1.6% | -2.0% | |
| Q1 2020 | +5.3% | +7.2% | +12.6% | |
| Q4 2019 | +3.1% | +4.1% | -11.0% | |
| Q3 2019 | +1.1% | +0.7% | -0.1% | |
| Q2 2019 | -3.3% | -5.0% | -3.8% | |
| Q1 2019 | +2.1% | +3.3% | +6.0% | |
| Q4 2018 | -4.6% | -2.5% | -0.6% | |
| Q3 2018 | +3.5% | +1.8% | +7.9% | |
| Q2 2018 | +1.7% | +0.8% | +1.6% | |
| Q1 2018 | +2.2% | +4.1% | +8.2% | |
| Q4 2017 | +0.7% | +3.6% | +7.3% | |
| Q3 2017 | +2.7% | +1.2% | -2.0% | |
| Q2 2017 | +3.3% | +1.8% | +1.3% | |
| Q1 2017 | +2.8% | +2.0% | +4.6% | |
| Q4 2016 | +3.7% | +4.5% | +3.9% | |
| Q3 2016 | -1.7% | -0.1% | +3.0% | |
| Q2 2016 | +3.2% | +5.0% | +6.8% | |
| Q1 2016 | +3.4% | — | — | |
| Q4 2015 | -1.4% | — | — | |
| Q3 2015 | -4.0% | — | — | |
| Q2 2015 | +2.1% | — | — | |
| Q1 2015 | -0.1% | — | — | |
| Q4 2014 | -1.5% | — | — | |
| Q3 2014 | +2.2% | — | — | |
| Q2 2014 | +1.1% | — | — | |
| Q1 2014 | -0.0% | — | — | |
| Q4 2013 | +0.9% | — | — | |
| Q3 2013 | -2.3% | — | — | |
| Q2 2013 | -0.6% | — | — | |
| Q1 2013 | +3.9% | — | — | |
| Q4 2012 | -2.7% | — | — | |
| Q3 2012 | -3.4% | — | — | |
| Q1 2012 | +2.0% | — | — | |
| Q2 2012 | +2.0% | — | — | |
| Q4 2010 | +1.3% | — | — | |
| Q4 2011 | +1.3% | — | — | |
| Q3 2011 | -5.4% | — | — | |
| Q2 2011 | -0.6% | — | — | |
| Q1 2011 | -3.4% | — | — | |
| Q3 2010 | -2.9% | — | — | |
| Q2 2010 | +6.9% | — | — | |
| Q1 2010 | -1.1% | — | — |
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