$WM

A waste services company returned $957 million to shareholders in one quarter.

Waste Management (WM) reported strong Q3 2026 results, with revenue growth of 6.3% and adjusted operating EBITDA increase. The company returned $957M to shareholders through share repurchases and dividends. WM expects to meet full-year guidance, with revenue at the high end of its range. The company also began operations at a new renewable natural gas facility in New York.

Original reporting
Published Oct 27, 2026, 8:30 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 27, 2026, 8:33 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
AlphAI market briefEarnings
Primary signal
$WM
Bullish
high confidence
Mentioned
$WM
Relevance
7/10
AlphAI data visualization · based on stocktitan.net
Decision brief

The 30-second read

$WMBullishMed
01

Why it matters

The sizable share repurchase program and dividend payout underscore confidence in cash generation, likely supporting the stock.

02

Market read

The earnings release provides fresh data on cash flow and capital allocation, offering a medium‑term trade idea for WM.

03

What to watch

Potential headwinds from fuel cost inflation and lower collection volumes could offset cash‑return benefits.

Relevance 7/10Novelty 8/10Timing: today

Background

Waste Management Inc. released its third‑quarter 2026 earnings, detailing revenue growth, operating margins, and capital return actions.

Company-level read

Ticker impact

$WMBullishHigh confidence
Context

Q3 2026 results report $957M in share repurchases and $580M in dividends, showing strong cash flow and shareholder returns.

Expected impact

likely upward pressure as investors price in the large cash return.

Evidence & confidence

The disclosed $1.58B full‑year buyback target and 90% free‑cash‑flow payout signal confidence in earnings outlook.

Market effects

Highlights strength in waste‑management sector and may lift peers with similar cash‑flow profiles.

U.S. waste services stocks could see modest gains.

Limited to North American equity markets.

Counterpoint

If the buyback is already priced in, the stock may face a short‑term pullback.

Key entities

  • Jim Fish

    CEO of Waste Management who commented on the results.

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$WMHighAI 9/10

Waste Management’s (NYSE:WM) Q3 2026: beats on revenue

Waste Management reported Q3 2026 revenue of $6.85 billion, beating estimates by 0.5% and growing 6.3% year-on-year. Adjusted EPS missed estimates by 1.4%. The company expects full-year revenue at the high end of its previous guidance range, with EBITDA guidance in line with estimates. Operating and free cash flow margins improved year-on-year.

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Waste Management Q3 Revenue Rises 6.3% to $6.85 Billion

Waste Management reported Q3 2026 revenue of $6.85B, up 6.3% YoY, and adjusted EPS of $2.15. Adjusted EBITDA rose 5.8% to $2.12B. The company maintained its 2026 guidance, expecting revenue and free cash flow at the high ends of projected ranges. Collection volume declined slightly, but pricing and energy surcharges drove growth. The company also opened a new renewable natural gas facility.

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WM Announces Third Quarter 2026 Earnings

WASTE MANAGEMENT INC (WM) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 WM Announces Third Quarter 2026 Earnings Strong Cash Flow from Operations Supports Return of $957 Million to Shareholders During the Quarter Healthcare Solutions Increases Income from Operations by $41 Million Driven by 3.7% Revenue Growth and Growing Cost Improvemen