Filing Flows › Waste Connections (WCN) › Guidance history
Waste Connections (WCN) guidance history: what it guided and what it reported
Waste Connections gave guidance in 12 earnings releases on file since Feb 13, 2024. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Revenue: 2 of 2, on average +0.7% against the guided midpoint. Its releases raised guidance 4 times and lowered it once.
Revenue
Met or beat 2 of 2 periods (1 above, 1 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $9.9B–$9.9B (Feb 11, 2026) | — | to be reported | — |
| FY2025 | $9.4B–$9.6B (Feb 12, 2025) | $9.5B | within the range | -0.6% |
| FY2024 | $8.8B (Feb 13, 2024) | $8.9B | above the range | +1.9% |
Adjusted revenue
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $10.0B–$10.1B (Jul 22, 2026) | — | to be reported | — |
Net income
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $1.2B–$1.2B (Feb 11, 2026) | — | to be reported | — |
| FY2024 | $1.1B (Feb 13, 2024) | — | — | — |
Adjusted net income
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $219M (Apr 22, 2026) → raised $359M (Oct 21, 2026) | — | to be reported | — |
| FY2025 | $1.2B–$1.2B (Feb 12, 2025) → lowered $242M (Apr 23, 2025) | — | — | — |
| FY2024 | $230M (Apr 24, 2024) → raised $276M (Jul 24, 2024) → raised $1.1B (Oct 23, 2024) | — | — | — |
Operating cash flow
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $2.6B–$2.7B (Feb 11, 2026) | — | to be reported | — |
| FY2025 | $2.5B–$2.6B (Feb 12, 2025) | $2.4B (GAAP) | not judged | — |
| FY2024 | $2.4B (Feb 13, 2024) → lowered $2.3B (Jul 24, 2024) → raised $2.3B (Oct 23, 2024) | $2.2B (GAAP) | not judged | — |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $1.2B (Feb 11, 2026) | — | to be reported | — |
| FY2025 | $1.2B–$1.2B (Feb 12, 2025) | $1.2B (GAAP) | not judged | — |
| FY2024 | $1.1B (Feb 13, 2024) → reaffirmed $1.1B (Jul 24, 2024) → reaffirmed $1.1B (Oct 23, 2024) | $1.1B (GAAP) | not judged | — |
The latest quarter
Waste Connections, Q3 2026: revenue $2.6B (+7% year over year), operating margin 20.5%, net earnings $359M, operating cash flow $692M. The chart follows the revenue to costs, profit and cash.
Questions
Does Waste Connections beat its guidance?
Waste Connections gave guidance in 12 earnings releases on file since Feb 13, 2024. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Revenue: 2 of 2, on average +0.7% against the guided midpoint.
How often does Waste Connections raise guidance?
Its earnings releases raised guidance 4 times and lowered it once since Feb 13, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.