WM · Earnings call · 2026Q3T · Full report

Debt and Liquidity Position

WASTE MANAGEMENT INC · 2026-10-27 · Importance 13 · Surprise 6

WM ended the third quarter of 2026 at 2.92 times leverage, within its target range of 2.5 to 3 times. Management said strong cash generation, disciplined capital allocation, and continued balance-sheet focus supported financial flexibility for potential acquisitions and strategic investment.

Key facts

• WM said its balance sheet was in great shape and that it could pursue smaller or larger acquisitions if they fit its strategic lens.
• Waste Management said close to 90% of its interest-rate exposure was fixed.
• WM ended the third quarter of 2026 at 2.92 times leverage, within its target range of 2.5 to 3 times.