Waste Connections (WCI) Announces Record Q4 and FY25 Earnings

Waste Connections (WCI) reported fourth-quarter and full-year 2025 results exceeding expectations. For Q4 2025, the company generated revenue of $1.25 billion, up 12.3% year-over-year, with adjusted EBITDA reaching $294 million, a 24.1% increase. Year-to-date, revenue totaled $4.62 billion, reflecting 11.8% growth from 2024, and adjusted EBITDA was $943 million, a 23.4% improvement. Management attributed the strong performance to higher hauling rates, expanded service areas, and the successful integration of acquired assets. The company reaffirmed its 2026 guidance, maintaining a full-year revenue target of $1.85 billion and adjusted EBITDA guidance of $330 million to $340 million.