Description

Waste Connections: Pricing, Cost Control, and RNG—A Playbook Built for Volatility!

Waste Connections has reported strong financial results for the fourth quarter and full year of 2025, driven by strategic organic growth, improved operational efficiencies, and disciplined financial management. The company achieved an adjusted EBITDA margin of 33% for the full year, marking a 100 basis point increase from the previous year, excluding the effects of decreased commodity values, and an even higher 110 basis point increase in the fourth quarter alone. This expansion was largely supported by strategic pricing, employee retention improvements, and safety program successes, all contributing to lower operational costs and enhanced customer service. The company’s acquisition strategy also played a significant role in 2025. Waste Connections closed acquisitions amounting to $330 million in annualized revenue from 19 deals and plans for further growth with an already active pipeline for the following year.