secwatch.observer — SEC 8-K summary
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Issuer:     Waste Connections, Inc. (WCN)
CIK:        0001318220
Form:       8-K
Filed at:   2026-02-11T23:59:59+00:00
Accession:  0001104659-26-013370
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Waste Connections Q4 adj. EBITDA $795.6M (33.5% margin); 2026 outlook strong
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- Q4 revenue $2.373B; adj. EBITDA $795.6M, +8.7% YoY; adj. EPS $1.29 vs $1.16.
- FY2025 revenue $9.467B; adj. EBITDA $3.125B (33.0% margin), +100bps excluding commodities.
- FY2026 outlook: revenue $9.90-9.95B; adj. EBITDA $3.300-3.325B; adj. FCF $1.40-1.45B.
- Completed ~$330M annualized revenue acquisitions in 2025; record shareholder returns $839.3M.
- Employee turnover and safety incidents at multi-year lows; operating momentum for 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318220/000110465926013370/0001104659-26-013370-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318220/000110465926013370/wcn-20260211x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-013370

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer