WM · 10-Q · 2026Q2

WASTE MANAGEMENT INC

Filed 2026-07-29 · Utilities · View original filing on EDGAR

Ranked Events

• Stock Repurchase ProgramImportance 83 · Surprise 82
  Waste Management paid $1.003 billion in cash for common-stock repurchases during the six months ended June 30, 2026. The Company made no share repurchases during the comparable 2025 period. The repurchases were a…
• Capital Expenditure ProgramImportance 83 · Surprise 82
  Waste Management spent $1.280 billion on capital expenditures in the six months ended June 30, 2026, compared with $1.563 billion in the prior-year period. Capital spending declined $283 million, or 18.1%, primarily…
• Free Cash FlowImportance 69 · Surprise 64
  Free cash flow increased to $2.024 billion for the six months ended June 30, 2026, from $1.293 billion in 2025, a $731 million or 56.5% year-over-year improvement. The increase reflected $3.227 billion of operating…
• Quarterly Dividend DeclarationImportance 60 · Surprise 40
  Waste Management paid $764 million of cash dividends during the six months ended June 30, 2026, compared with $669 million in the prior-year period. Dividend payments increased $95 million, or 14.2%, year over year.…
• Operating Cash Flow TrendsImportance 54 · Surprise 40
  Net cash provided by operating activities increased $474 million year over year to $3.227 billion for the six months ended June 30, 2026, from $2.753 billion in 2025. The increase was primarily driven by higher…
• Acquisitions and DivestituresImportance 51 · Surprise 64
  Cash spending on acquisitions declined to $98 million in the six months ended June 30, 2026, from $374 million in 2025, with $85 million classified as investing cash flow. The acquisitions related to Waste Management’s…
• Debt and Liquidity PositionImportance 50 · Surprise 24
  As of June 30, 2026, Waste Management had approximately $3.8 billion of debt maturing within the next 12 months, including $2.0 billion of tax-exempt bonds, $1.1 billion of commercial paper, $223 million of 7.10%…
• Revenue Performance and MixImportance 49 · Surprise 32
  Second-quarter 2026 revenue was $6,684 million, up $254 million, or 4.0%, from $6,430 million in the prior-year quarter. Collection and Disposal revenue growth was driven by higher yield, including a 3.6% average-yield…
• Inflationary Cost PressuresImportance 45 · Surprise 64
  Waste Management identifies inflation, interest rates, employment trends and supply chain reliability as factors creating uncertainty in its financial outlook. The Company is using pricing efforts, cost management,…
• Tax LegislationImportance 40 · Surprise 42
  Waste Management continues to assess the Inflation Reduction Act of 2022, including credits for renewable energy production, carbon capture and clean fuels. The alternative fuel tax credit generated approximately $60…
• Commodity Price PressureImportance 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…
• Capital AllocationImportance 34 · Surprise 56
  Waste Management allocated $1,038 million of second-quarter 2026 available cash to shareholders through dividends and common-stock repurchases. Six-month free cash flow was $1,104 million, up $286 million from $818…
• Operating Margin DriversImportance 32 · Surprise 32
  Second-quarter 2026 income from operations increased $102 million to $1,253 million, and operating margin expanded to 18.7% from 17.9%. Collection and Disposal operating income increased 6.1% to $1,550 million in the…
• Strategic InitiativesImportance 31 · Surprise 42
  Waste Management is executing a focused-differentiation and continuous-improvement strategy supported by automation, digitalization and its asset network. The Company is extending beyond traditional waste operations…
• Products and TechnologyImportance 31 · Surprise 42
  The company is expanding beyond traditional collection and disposal through recycling, organics collection and processing, medical-waste services, renewable-energy projects, and emerging waste-diversion technologies.…
• Operating Expense TrendsImportance 31 · Surprise 14
  Second-quarter operating expenses increased $152 million to $3,955 million, or 59.2% of revenue, from $3,803 million, or 59.1%, in the prior year. Higher fuel prices, annual wage increases, employee medical costs and…
• ESG and SustainabilityImportance 23 · Surprise 24
  Waste Management published its 2026 Sustainability Report and reported progress toward 2030 sustainability goals. The Company links those goals to growth in its Recycling Processing and Sales and Renewable Energy…
• Manufacturing And CapacityImportance 23 · Surprise 24
  Waste Management operates the largest landfill network in the U.S. and Canada and uses transfer stations to consolidate, compact, and transport waste to serve larger urban markets. The company is investing in recycling…
• Income Tax Rate ChangesImportance 20 · Surprise 40
  Second-quarter 2026 income tax expense increased to $238 million from $201 million, and the effective tax rate rose to 23.2% from 21.7%. Six-month tax expense increased to $406 million from $352 million, while the…
• SeasonalityImportance 10 · Surprise 6
  Waste Management’s operating revenues and volumes typically increase during the summer months, supporting higher second- and third-quarter revenue and operating results. Severe storms, prolonged inclement weather, and…

Revenue by Product (in millions)