WM · 10-Q · 2026Q2 · Full report

Commodity Price Pressure

WASTE MANAGEMENT INC · 2026-07-29 · Importance 35 · Surprise 48

Waste Management continued to experience lower market prices for recycled commodities during the first half of 2026. Average prices for single-stream recycled commodities declined approximately 10% in the second quarter and 20% in the first half of 2026 compared with the prior-year periods. Lower renewable natural gas pricing and a decline in RINs pricing also reduced Renewable Energy results, although higher electricity prices partially offset the renewable energy impact. The Company is adjusting its business models and processes to mitigate downside risk from commodity price changes.

Key facts

• Average market prices for single-stream recycled commodities declined by about 10% and 20% for the three and six months ended June 30, 2026, respectively, compared to the prior year periods. source
• The Company experienced declines in commodity prices that had an unfavorable impact on the Renewable Energy segment during the first half of 2026. source