Republic Services Beats Q2 Estimates, Raises Full-Year Guidance
RSG is trading near its 52-week low of $196.41 (5.9% above the low).
Summary
Republic Services posted Q2 2026 revenue of $4.43B and adjusted EPS of $1.85, beating consensus, and raised full-year guidance. The beat was driven by strong pricing and a lower tax rate from renewable energy credits.
Key Events · Earnings and Guidance · RSG
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Q2 Earnings Beat
Revenue of $4.43B and adjusted EPS of $1.85 exceeded consensus estimates of $4.36B and $1.85, respectively.
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Full-Year Guidance Raised
Management raised 2026 revenue guidance to $17.200B - $17.300B and adjusted diluted EPS to $7.23 - $7.28, up from prior outlook.
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Tax Rate Benefit
Effective tax rate fell to 19.4% from 24.6% a year ago, driven by $78M in renewable energy investment tax credits, boosting net income.
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Share Repurchases Accelerate
Repurchased 3.1M shares for $651M in H1 2026, with $1.0B remaining under the $3.0B authorization through December 2026.
Analysis · RSG · Energy & Transportation
Republic Services delivered a clean Q2 beat with revenue of $4.43B and adjusted EPS of $1.85, topping consensus. Management raised full-year revenue and adjusted EPS guidance, signaling confidence in pricing power and volume trends. The effective tax rate dropped sharply to 19.4% from 24.6% a year ago, driven by renewable energy tax credits, which boosted net income. The company also increased its commercial paper program to $2.0B, adding financial flexibility. Aggressive share repurchases continued, with $651M spent in the first half, leaving $1.0B remaining under the current authorization.
At the time of this filing, RSG was trading at $208.00 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $64.5B. The 52-week trading range was $196.41 to $238.62. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.