RSG · 10-Q · 2026Q2

REPUBLIC SERVICES, INC.

Filed 2026-08-07 · Utilities · View original filing on EDGAR

Ranked Events

• Commercial Paper ProgramImportance 83 · Surprise 82
  Commercial paper borrowings declined to $420 million at June 30, 2026 from $1.0 billion at December 31, 2025. The weighted-average interest rate on outstanding commercial paper was 3.974% at June 30, 2026, compared…
• Capital Return ProgramImportance 83 · Surprise 82
  Republic Services repurchased 3.1 million common shares for $659 million during the six months ended June 30, 2026, including share-repurchase excise tax, compared with 0.3 million shares for $59 million in the…
• Guidance / OutlookImportance 75 · Surprise 60
  Republic Services updated its 2026 outlook, forecasting full-year revenue of $17.200 billion to $17.300 billion for the year ending December 31, 2026. Management expects diluted earnings per share of $7.18 to $7.23, or…
• Long-term Debt IssuanceImportance 71 · Surprise 60
  In June 2026, Republic Services issued $700 million of 4.750% senior notes due 2031 and $500 million of 5.000% senior notes due 2036. The $1.2 billion of proceeds funded general corporate purposes, including repayment…
• Liquidity and Debt PositionImportance 70 · Surprise 56
  As of June 30, 2026, Republic Services had $548 million of principal debt maturing within the next 12 months and $3.5 billion of aggregate commitments under its Credit Facility, which matures in July 2029. Credit…
• Acquisitions and DivestituresImportance 68 · Surprise 58
  Acquisitions net of divestitures increased six-month revenue by 1.1% and contributed to higher labor, transfer, disposal, depreciation, and intangible amortization costs. Republic paid $865 million for acquisitions and…
• Tax-Exempt FinancingImportance 64 · Surprise 42
  Republic Services had $1.4 billion of tax-exempt financings outstanding at both June 30, 2026 and December 31, 2025. In March 2026, the California Municipal Finance Authority issued $100 million of Solid Waste Disposal…
• Headcount / RestructuringImportance 60 · Surprise 74
  Republic Services recorded restructuring charges of $6 million for the six months ended June 30, 2026, compared with $9 million in the prior-year period. The charges related to the design and implementation of a new…
• Income Tax Rate ChangesImportance 55 · Surprise 66
  Republic Services’ effective tax rate declined to 19.4% for the six months ended June 30, 2026, from 24.6% in the comparable 2025 period, a change exceeding 10% year over year. The 2026 rate included net benefits of…
• Revenue Performance and MixImportance 49 · Surprise 32
  Revenue for the six months ended June 30, 2026 increased 3.6% to $8,544 million from $8,244 million in 2025. Average yield increased revenue by 3.4%, fuel recovery fees added 1.0%, and acquisitions net of divestitures…
• Interest Rate EnvironmentImportance 48 · Surprise 14
  Interest expense increased in the three and six months ended June 30, 2026, primarily because Republic Services had a higher overall debt balance and higher interest rates than in the comparable 2025 periods. Cash paid…
• Operating Income and MarginsImportance 48 · Surprise 40
  Operating income increased to $1,731 million for the six months ended June 30, 2026 from $1,665 million in 2025. The operating margin improved to 20.3% from 20.2%, while cost of operations declined modestly to 57.7% of…
• Working Capital and ReceivablesImportance 45 · Surprise 64
  Accounts receivable increased $147 million during the six months ended June 30, 2026, compared with a $51 million increase in 2025, primarily because of billing and collection timing. Days sales outstanding increased…
• Revolving Credit FacilityImportance 43 · Surprise 6
  Republic Services’ unsecured Credit Facility had aggregate lender commitments of $3.5 billion and borrowings maturing in July 2029, with an option to request up to $1.0 billion of additional commitments. The facility…
• Geographic Market CommentaryImportance 43 · Surprise 32
  Group 1 covers recycling and waste operations primarily in the western United States, while Group 2 covers the southeastern and mid-western United States, the eastern seaboard and Canada. Group 1 net revenue rose 7.7%…
• Operating Expense TrendsImportance 42 · Surprise 14
  Cost of operations increased to $4,929 million for the six months ended June 30, 2026 from $4,763 million, while remaining nearly flat at 57.7% of revenue. Labor and related benefits rose to $1,695 million, or 19.8% of…
• Capital Expenditures and Cash FlowImportance 37 · Surprise 6
  Cash provided by operating activities increased to $2,380 million for the six months ended June 30, 2026 from $2,134 million in 2025. Capital expenditures were $868 million, essentially unchanged from $866 million in…
• Recycled Commodity DemandImportance 30 · Surprise 40
  Polymer Centers processed higher volumes in both the three- and six-month periods, supporting recycling revenue in the second quarter. The volume improvement was offset by lower overall commodity prices in the…
• Landfill CapacityImportance 28 · Surprise 32
  As of June 30, 2026, Republic owned or operated 208 active landfills with approximately 5.1 billion in-place cubic yards of total available disposal capacity. Permitted and probable expansion airspace increased to…
• Customer DynamicsImportance 17 · Surprise 24
  Republic provides residential, small-container and large-container collection services under municipal and commercial contracts, including municipal agreements with annual price-escalation clauses. Residential and…

Revenue by Product (in millions)