WM · Full Picture

WASTE MANAGEMENT INC — the full picture

Earnings window · 2026-07-08 to 2026-09-24 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Guidance / Outlook · Guidance & outlookPriority 82
    +115.6% cash; 2 sources (news, press_release); 11 forward row(s); quote_verified
    2026 revenue is now expected to be between $26.275 billion and $26.475 billion, reflecting a reduction of approximately 0.6% compared to the prior outlook.
  2. Free Cash Flow · Cash flow generationPriority 61
    +3.6% cash (realized); 3 sources (news, press_release, sec_filing); quote_verified
    Free cash flow rose 34.5 percent to USD 1.104 billion in Q2 2026.
  3. Revenue Guidance · Guidance & outlookPriority 55
    1 forward row(s); quote_verified
    Waste Management's 2026 revenue guidance: US$26,425 million to US$26,625 million.
  4. Capital Allocation · UnclassifiedPriority 54
    +1.6% revenue; 2 sources (press_release, sec_filing); 1 forward row(s); quote_verified
    Acquisitions consummated during the period: gross annualized revenue acquired $123 million; total consideration, net of cash acquired $235 million; cash paid for acquisitions consummated during the period, net of cash acquired $85 million.
  5. Capital Return Program · Buybacks & dividendsPriority 54
    2 forward row(s); quote_verified
    Waste Management announced a 14.5% dividend increase for 2026 and unveiled a new US$3 billion share repurchase program.
  6. Capital Allocation · Buybacks & dividendsPriority 53
    quote_verified
    Arrowstreet Capital Limited Partnership increased its holdings in Waste Management by 90.1% in the first quarter to 806,172 shares valued at approximately $185.3 million.
  7. Acquisition / Partnership / Divestiture · M&A and divestituresPriority 50
    2 sources (news, sec_filing); 6 forward row(s); quote_verified
    Waste Management acquired a 146.2-acre site in Medley, Florida for $379.4 million intending to develop it into a Class I landfill.
  8. Capital Expenditure Program · Capital expenditurePriority 48
    +2.0% assets (realized); 2 sources (press_release, sec_filing); 2 forward row(s); quote_verified
    During the quarter the Company completed three new renewable natural gas facilities (two in South Carolina and one in Florida) that together added about 3.5 million MMBtu of expected annual run-rate production.
  9. Revenue Performance and Mix · Revenue growth & mixPriority 48
    +0.9% net_income (realized); 3 sources (news, press_release, sec_filing); quote_verified
    Waste Management, Inc. reported Q2 adjusted earnings per share of $2.02 and revenue of $6.68 billion, a 4% year-over-year increase.
  10. Operating Expense Trends · Operating expenses (SG&A)Priority 47
    2 sources (press_release, sec_filing); quote_verified
    Operating expenses for the second quarter of 2026 were $3,955 million, or 59.2% of revenues, compared to $3,803 million, or 59.1% of revenues, in the prior year period, a $152 million increase.
  11. Balance Sheet and Liquidity · Liquidity & cash positionPriority 46
    2 sources (news, press_release); quote_verified
    Total assets at June 30, 2026: $46,441 million.
  12. Stock Repurchase Program · Buybacks & dividendsPriority 45
    -2.2% cash (realized); structured_verified
    During the six months ended June 30, 2026, Waste Management paid cash of $1,003 million for common stock repurchases; there were no share repurchases made in 2025.

Threads by pillar

Revenue & Demand Priority 62 · 5 threads

Costs & Margins Priority 61 · 4 threads

Capital & Balance Sheet Priority 86 · 9 threads

Strategy & Portfolio Priority 57 · 3 threads

Legal, Regulatory & Policy Priority 25 · 1 thread

Guidance & Outlook Priority 83 · 2 threads

Macro & Market Conditions Priority 40 · 4 threads

Management & Governance Priority 36 · 2 threads

Unclassified Priority 61 · 3 threads

Expected impact by metric

metricforward netforward grossrealized
cash+115.1%+189.7%-5.1%
revenue+1.6%+1.6%—
net_income+0.8%+0.8%+0.9%
liability+0.7%+0.7%-0.3%
margin+0.2%+0.2%—
operating_income——+1.5%
assets——+5.6%