WM · Earnings call · 2026Q3T · Full report

Segment Profitability

WASTE MANAGEMENT INC · 2026-10-27 · Importance 46 · Surprise 56 · No source text

Operating EBITDA grew 5.8% overall in the third quarter, with growth in every operating segment. Health Care Solutions operating EBITDA increased 33%, alongside revenue growth of 3.7%. Recycling Processing & Sales operating EBITDA rose 40% to $91 million, reflecting automated-network investments and improved blended average commodity prices. Renewable Energy segment operating EBITDA grew more than 35% despite slightly lower RIN pricing than a year earlier.

Key facts

• WM's Recycling Processing & Sales segment operating EBITDA increased 40% to $91 million in the third quarter of 2026.
• Waste Management said almost 500 basis points of health-care margin expansion in the quarter was partly driven by lower SG&A and partly by pricing.
• WM's health care and sustainability segments each had operating EBITDA increases of more than 30% in the third quarter of 2026.
• WM's health care solutions third-quarter 2026 revenue increased 3.7% and operating EBITDA increased 33%.
• WM's renewable energy segment operating EBITDA grew more than 35% in the third quarter, despite slightly lower RIN pricing year over year.

Impact estimates