WM · 10-Q · 2026Q3 · Full report

Capital Expenditure Program

WASTE MANAGEMENT INC · 2026-10-28 · Importance 56 · Surprise 58 · In source text

For the nine months ended September 30, 2026, capital expenditures were $1,937 million, down from $2,339 million in the prior-year period, a decrease of more than 10%. Management attributed the reduction to lower collection-vehicle spending and planned reductions in sustainability growth investments as the portfolio moves from peak construction to harvesting returns. The sustainability investments are intended to increase recycling volumes and renewable natural gas generation, delivering circular solutions and environmental value.

Key facts

• Capital expenditures were $1,937 million for the nine months ended September 30, 2026, compared with $2,339 million in 2025; the decrease was primarily driven by lower spending on collection vehicles and planned reductions in sustainability growth-project investments as the portfolio moved from peak construction to harvesting returns. source
• Depreciation of tangible property and equipment increased in Q3 and the nine months ended September 30, 2026, primarily due to capital assets placed in service during 2025 and 2026, particularly in sustainability businesses. source

Impact estimates