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Waste Management (WM) guidance and outlook
Waste Management's 10-Q filed Oct 28, 2026 makes 18 forward-looking statements, 6 of them new and 1 no longer said since the filing before.
Guidance and outlook
Forward-looking statements, 10-Q filed Oct 28, 2026
- Furthermore, we continue to evaluate and plan to pursue emerging diversion technologies that may generate additional value.
- This includes expanding traditional recycling services, increasing organics collection and processing, providing medical waste services and expanding our renewable energy projects to meet the evolving needs of our diverse customer base.
- As North America’s leading provider of comprehensive environmental solutions, we are taking big, bold steps to catalyze positive change – change that will impact our Company as well as the communities we serve.
- new · Variability in economic conditions, including inflation, interest rates, employment trends and supply chain reliability, can create risk and uncertainty in our financial outlook.
- We remain focused on delivering outstanding customer service, managing our variable costs with changing volumes and investing in technology that will enhance our customers’ experience and provide operating efficiencies intended to reduce our cost to serve .
- new · The $164 million increase in free cash flow is primarily due to the increase in net cash provided by operating activities described above as well as a decrease in capital spending driven by (i) lower spend on collection vehicles and (ii) planned reductions in capital investments in our sustainability growth projects due to our transition from peak construction of this portfolio into a period of harvesting returns.
- Volume increased in both our Recycling Processing and Sales and our Renewable Energy segments primarily due to contributions from recycling automation and growth projects and new renewable natural gas plants.
- Renewable Energy — The increase in income from operations in our Renewable Energy segment was primarily due to higher volumes driven by the completion of projects that increase the beneficial use of landfill gas sold to third parties.
- new · Interest expense, net increased due to lower capitalized interest resulting from the completion of the majority of our planned sustainability growth projects by the end of 2025.
- With respect to the Section 48 investment tax credit, we expect our cumulative benefit to be between $400 million and $425 million, $309 million of which was recognized between 2023 and 2025 with the remainder anticipated to be realized in 2026 and 2027.
- updated · We expect our cumulative benefit from this clean fuel production tax credit to be as much as $225 million through 2029.
- This expected benefit is dependent on a number of estimates and assumptions, which we continue to monitor and factor into our credit realization expectations.
Waste Management's latest quarter
Waste Management, Q3 2026: revenue $6.8B (+6% year over year), operating margin 18.7%, net earnings $820M, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
Questions
What does Waste Management expect?
Variability in economic conditions, including inflation, interest rates, employment trends and supply chain reliability, can create risk and uncertainty in our financial outlook. The $164 million increase in free cash flow is primarily due to the increase in net cash provided by operating activities described above as well as a decrease in capital spending driven by (i) lower spend on collection vehicles and (ii) planned reductions in capital investments in our sustainability growth projects due to our transition from peak construction of this portfolio into a period of harvesting returns. Int
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.