Waste Connections

Mittelstaedt concluded, As anticipated, the strength of our operating performance, free cash flow generation and balance sheet positioned us for another double-digit increase to our quarterly cash dividend, along with another year of outsized acquisition activity and share repurchases of approximately 1% of shares outstanding.

SEC original ↗Waste Connections — Earnings release (8-K exhibit)EX-99Oct 21, 2025

Waste Connections calculates adjusted free cash flow as net cash provided by operating activities, plus or minus change in book overdraft, plus proceeds from disposal of assets, less capital expenditures for property and equipment.

SEC original ↗Waste Connections — Earnings release (8-K exhibit)EX-99Oct 21, 2025

This measure is not meant to represent residual cash available for strategic acquisitions, stock repurchases, dividends or other discretionary expenditures since it does not adjust for mandatory debt service requirements and other non-discretionary expenditures.

SEC original ↗Waste Connections — Earnings release (8-K exhibit)EX-99Oct 21, 2025

1 to Revolving Credit Agreement, dated as of May 23, 2025, and as further amended, restated, supplemented or otherwise modified from time to time, the Revolving Credit Agreement ), pursuant to which the Lenders provide loans and other credit extensions to the Company under a revolving credit facility.

SEC original ↗Waste Connections — 10-Q Quarterly report10-QOct 22, 2026

DOLLARS, EXCEPT PER SHARE AMOUNTS OR AS OTHERWISE NOTED) Senior Notes On August 4, 2026, the Company completed an underwritten public offering of CAD $ 300,000,000 aggregate principal amount of its 4.20 % Senior Notes due 2033 (the New 2033 Senior Notes ) and CAD $ 400,000,000 aggregate principal amount of its 4.55 % Senior Notes due 2036 (the New 2036 Senior Notes and, together with the New 2033 Senior Notes, the Senior Notes ).

SEC original ↗Waste Connections — 10-Q Quarterly report10-QOct 22, 2026

The Senior Notes are the Company s senior unsecured obligations, ranking equally in right of payment with its other existing and future unsubordinated debt and senior to any of its future subordinated debt.

SEC original ↗Waste Connections — 10-Q Quarterly report10-QOct 22, 2026

Another quarterly step down in employee turnover and new record low safety incident rates, together with strong pricing retention, provided for underlying solid waste margin expansion of approximately 80 basis points in the period, said Ronald J.

SEC original ↗Waste Connections — Earnings release (8-K exhibit)EX-99Oct 21, 2025

We remain well-positioned to fund our differentiated growth strategy, while also increasing return of capital to shareholders.

SEC original ↗Waste Connections — Earnings release (8-K exhibit)EX-99Oct 21, 2025

Waste Connections views its Environmental, Social and Governance ( ESG ) efforts as integral to its business, with initiatives consistent with its objective of long-term value creation and focused on reducing emissions, increasing resource recovery of both recyclable commodities and clean energy fuels, reducing reliance on off-site disposal for landfill leachate, further improving safety and enhancing employee engagement.

SEC original ↗Waste Connections — Earnings release (8-K exhibit)EX-99Oct 21, 2025

This measure is not meant to represent residual cash available for strategic acquisitions, stock repurchases, dividends or other discretionary expenditures since it does not adjust for mandatory debt service requirements and other non-discretionary expenditures.

SEC original ↗Waste Connections — Earnings release (8-K exhibit)EX-99Oct 21, 2025

The Company s landfill depletion rates are based on the remaining disposal capacity, considering both permitted and probable expansion airspace, at the landfills it owns and landfills it operates, but does not own, under life-of-site agreements.

SEC original ↗Waste Connections — 10-Q Quarterly report10-QOct 22, 2026

Given our team s effectiveness in overcoming incremental commodity headwinds during the quarter, we are on track to deliver full year 2025 results in line with our outlook as provided in July.

SEC original ↗Waste Connections — Earnings release (8-K exhibit)EX-99Oct 21, 2025

Forward-looking statements involve risks and uncertainties.

SEC original ↗Waste Connections — Earnings release (8-K exhibit)EX-99Oct 21, 2025

Legal Proceedings 62 Item 2.

SEC original ↗Waste Connections — 10-Q Quarterly report10-QOct 22, 2026

An additional area that involves estimation is when the Company estimates the amount of potential exposure it may have with respect to litigation, claims and assessments in accordance with the accounting guidance on contingencies.

SEC original ↗Waste Connections — 10-Q Quarterly report10-QOct 22, 2026