Compared to Estimates, Waste Connections (WCN) Q3 Earnings: A Look at Key Metrics

Core Insights - Waste Connections reported $2.46 billion in revenue for Q3 2025, a year-over-year increase of 5.1% and an EPS of $1.44, up from $1.35 a year ago, exceeding Zacks Consensus Estimates for both revenue and EPS [1] Revenue Performance - Total revenue of $2.46 billion compared to Zacks Consensus Estimate of $2.45 billion, resulting in a surprise of +0.37% [1] - EPS of $1.44 compared to consensus estimate of $1.38, delivering a surprise of +4.35% [1] Geographic Revenue Breakdown - Canada: $349.77 million, exceeding the estimate of $339.42 million, a +2.3% change year-over-year [4] - Southern: $485.39 million, slightly below the estimate of $491.45 million, a +7.1% change year-over-year [4] - Central: $413.39 million, above the estimate of $409.56 million, a +5.5% change year-over-year [4] - Eastern: $440.77 million, slightly below the estimate of $441.88 million, an +8.1% change year-over-year [4] Revenue Breakdown by Segment - E&P Waste Treatment, Recovery and Disposal: $179.14 million, exceeding the estimate of $165.78 million, a +21.6% change year-over-year [4] - Intermodal and Other: $41.99 million, below the estimate of $47.43 million, a -10.4% change year-over-year [4] - Solid Waste Recycling: $56.24 million, below the estimate of $61.58 million, a -16.2% change year-over-year [4] - Solid Waste Collection: $1.72 billion, slightly below the estimate of $1.73 billion, a +6.6% change year-over-year [4] - Revenues from Intercompany: -$366.12 million, worse than the estimate of -$350.34 million, a +10.3% change year-over-year [4] - Total collection revenues: $1.73 billion, slightly above the estimate of $1.72 billion, a +6.7% change year-over-year [4] - Recycling revenues: $58.35 million, below the estimate of $71 million, a -16.3% change year-over-year [4] - E&P revenues: $188.68 million, exceeding the estimate of $165.31 million, a +22.4% change year-over-year [4] Stock Performance - Shares of Waste Connections returned +1% over the past month, compared to the Zacks S&P 500 composite's +1.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]