Record Revenue and a $600M Disposal Contract Power Clean Harbors' Q2 Surge, Alongside a $305M Acquisition

summarizeSummary

Clean Harbors posted Q2 2026 net income of $170.5 million, up 34% year-over-year, while announcing a $600 million disposal contract and a $305 million acquisition. Full-year capex guidance was raised to $490–$550 million.

check_boxKey Events · Earnings and Guidance · CLH

• Q2 Earnings Beat

  Driven by a 7.7% increase in Environmental Services and a 40.8% surge in Safety-Kleen Sustainability Solutions, net income climbed 34% to $170.5 million, or $3.22 per share, on revenue of $1.74 billion.

• $600M Disposal Contract

  A major competitive win, the $600 million disposal contract secures multi-year revenue visibility and reinforces the company's standing in hazardous waste management.

• $305M ES&H Acquisition

  Expanding its field services operations, Clean Harbors signed a $305 million all-cash deal to acquire ES&H, with closing expected in the second half of 2026.

• Raised Capex Guidance

  To fund strategic growth projects—including a solvent de-asphalting unit and fleet expansion—full-year 2026 capital spending guidance was increased to $490–$550 million, up from prior expectations.

auto_awesomeAnalysis · CLH · Energy & Transportation

A standout quarter saw net income jump 34% to $170.5 million on revenue of $1.74 billion, fueled by robust environmental services demand and a rebound in oil re-refining margins. The company also unveiled a $600 million disposal contract and a $305 million acquisition of ES&H, underscoring an aggressive expansion push. With the stock near all-time highs, the results confirm the business is firing on all cylinders, though increased capex guidance and acquisition spending will pressure near-term free cash flow.