Market Overview - The Saudi Arabia Drilling Waste Management Market was valued at USD 508.36 Million in 2023 and is projected to grow at a CAGR of 6.8% through 2029, reaching an estimated market value of USD 761.18 Million by 2029 [1][8]. Regulatory Environment - The Kingdom's Vision 2030 emphasizes environmental protection and sustainability, leading to stricter regulations in the oil and gas sector that require advanced waste management technologies [2]. - These regulations are driving demand for innovative waste management solutions due to the substantial volumes of drilling waste generated by increased exploration and production activities [2]. Technological Advancements - Advancements in drilling waste management technologies are enabling the treatment and reuse of waste materials, which reduces environmental impact and enhances operational efficiency [3]. - The integration of digital technologies, such as data analytics and automation, is improving operational efficiency and regulatory compliance in waste management processes [6]. Sustainable Practices - There is a significant shift towards circular economy practices in the drilling waste management market, focusing on transforming waste into valuable resources to minimize disposal and environmental impact [5]. - Growing awareness of the environmental and health impacts of improper waste disposal is prompting operators to prioritize sustainable waste management practices [4]. Research and Development - Increased investment in research and development is aimed at creating innovative solutions for complex waste management challenges, with collaboration between the Saudi government and industry stakeholders [7]. - Research institutions and universities are playing a crucial role in advancing knowledge and technology in the field of drilling waste management [7]. Key Market Players - Major companies in the Saudi Arabia Drilling Waste Management Market include Halliburton Energy Services, Schlumberger Limited, Baker Hughes, Weatherford International, NOV Inc, Veolia Environnement, Scomi Group, and Tetra Technologies [8].

Newark, Sept. 11, 2024 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the USD 1419.52 billion in 2023 global waste management market will reach USD 2494.59 billion in 2033. Waste management encompasses the collection, transportation, and disposal of various types of waste, including solid, liquid, and gaseous waste. It involves managing municipal, industrial, and hazardous waste—each with distinct characteristics and handling requirements. Municipal waste refers to non-hazardous waste generated by h ...

Core Viewpoint - Waste Management is experiencing growth in both revenue and profitability, with a recent acquisition of Stericycle valued at $7.15 billion expected to enhance its market position and financial performance [3][4][9] Financial Performance - In the second quarter of the 2024 fiscal year, Waste Management reported revenue of $5.40 billion, a 5.5% increase from $5.12 billion year-over-year [5] - Net income rose from $615 million to $680 million, while operating cash flow increased from $1.03 billion to $1.15 billion [6] - EBITDA expanded from $1.47 billion to $1.62 billion, with management raising guidance for EBITDA and free cash flow by $100 million [6] Revenue Breakdown - Residential revenue grew from $841 million to $863 million, commercial collection revenue increased from $1.26 billion to $1.33 billion, landfill revenue rose from $846 million to $873 million, and transfer revenue grew from $320 million to $348 million [5] - Recycling processes and sales revenue expanded significantly from $316 million to $405 million [5] Acquisition Insights - The acquisition of Stericycle is expected to close in the final quarter of this year, with regulatory approvals already received from multiple countries [4] - The company has made over $750 million in solid waste acquisitions through July, aiming for $1 billion by year-end [6] Valuation Metrics - Waste Management's stock appears relatively cheap compared to similar firms, with a Price/Earnings ratio of 32.6, compared to Republic Services at 34.4 and Waste Connections at 55.4 [7] - The company is viewed as a high-quality business with stable cash flows, despite appearing pricey on an absolute basis [7] Future Outlook - Management expects a net leverage ratio of about 3.6 post-acquisition, with plans to reduce it to between 2.75 and 3 within 24 months [9] - The company is investing in renewable energy projects, budgeting up to $2.9 billion through 2026, with expectations of significant EBITDA contributions from these initiatives [8][9]

Dublin, Sept. 05, 2024 (GLOBE NEWSWIRE) -- The "Incinerator Market Report by Product Type (Moving Grate, Static Hearth, Furnace and Multiple Hearth, Rotary Kiln, Fluidized Bed), End-Use Sector (Municipal Sector, Industrial Sector), and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering. The global incinerator market, which was valued at $15.6 billion in 2023, is forecasted to experience significant growth in the coming decade. Advanced waste management solutions and a growing empha ...

Dublin, Sept. 05, 2024 (GLOBE NEWSWIRE) -- The "TechVision 50: 50 Emerging Technologies and Materials That Will Shape the Future" report has been added to ResearchAndMarkets.com's offering. TechVision50 is guide to the 50 greatest opportunities in Advanced Technologies and Materials at the mid-point of 2024. This analysis provides a spotlight on the significant untapped potential within next-generation technologies and materials. In the rapidly changing market landscape of 2024, where technological and mate ...

Austin, Sept. 04, 2024 (GLOBE NEWSWIRE) -- The Solid Waste Management Market Share was valued at USD 325.7 billion in 2023 and is expected to reach USD 440.1 billion by 2032 and grow at a CAGR of 3.4% over the forecast period 2024-2032. Download PDF Sample of Solid Waste Management Market @ https://www.snsinsider.com/samplerequest/3411 Major Companies Listed in the Report: Waste Management Inc Republic Services SUEZ Veolia Biffa PLC Clean Harbors Covanta Holding Daiseki Hitachi Zosen Stericycle Inc. The sol ...

Waste Management, Inc. (WM) has experienced a 17% increase in its stock price year to date, slightly lagging behind the 19.1% rise of the industry and the 17.3% growth of the Zacks S&P 500 composite index. WM's performance is in line with its closest competitors, such as Republic Services (RSG) , which has seen a 25.8% gain, and Clean Harbors (CLH) , which has surged 38.5% during the same timeframe. Year-to-Date Price Performance Zacks Investment Research Image Source: Analyzing WM's short-term price moveme ...

Waste Management (WM) closed the latest trading day at $209.31, indicating a +0.05% change from the previous session's end. The stock's change was more than the S&P 500's daily loss of 0.6%. Meanwhile, the Dow experienced a drop of 0.39%, and the technology-dominated Nasdaq saw a decrease of 1.12%. The garbage and recycling hauler's stock has climbed by 4.03% in the past month, exceeding the Business Services sector's gain of 3.16% and the S&P 500's gain of 3.15%. The investment community will be paying clo ...

Makiko Tanigawa/DigitalVision via Getty Images A stock for the defensive VAL 87,40% 39,36% S&P 500 (*SPX) Level % Change . S&P 500 Earnings Per Share (I:SP500EPS) % Change 87.40% 50.00% 39.36% 0.00% -50.00% -100.0% 2020 2021 2022 2023 2024 Seeking AlphaQ Aug 22, 2024, 2:46 PM EDT Powered by YCHARTS Data by YCharts On a recent episode of "We Study Billionaires" with Jecemy Grantham, he brought up the 1980s stock market bubble in Japan, the bubble of all bubbles. Basically, his data suggests that the market i ...

Dublin, Aug. 20, 2024 (GLOBE NEWSWIRE) -- The "Waste Recycling Services - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The global market for Waste Recycling Services is estimated at US$61.2 Billion in 2023 and is projected to reach US$77.9 Billion by 2030, growing at a CAGR of 3.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The growth in the ...