Republic Services Q3 10-Q: $1.93 EPS, New $5.0B Buyback Through 2029
RSG sits 21% above its 52-week low of $196.41.
Summary
Republic Services' Q3 10-Q confirms $1.93 diluted EPS on $4.559 billion of revenue and discloses a new $5.0 billion share repurchase authorization for 2027-2029, alongside full-year 2026 revenue guidance of $17.425-$17.475 billion.
Key Events · Earnings and Guidance · RSG
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Q3 EPS of $1.93 on $4.559B Revenue
Diluted EPS rose to $1.93 from $1.76 a year earlier, while revenue grew 8.2% to $4.559 billion from $4.212 billion; core price was up 5.3%.
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New $5.0B Buyback Authorization
The board approved a $5.0 billion repurchase program effective January 1, 2027 through December 31, 2029, replacing the October 2023 $3.0 billion authorization that had $0.8 billion remaining as of September 30, 2026.
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Full-Year Revenue Guidance $17.425-$17.475B
For 2026, the company anticipates revenue of $17.425 billion to $17.475 billion, based on current economic conditions with no assumed significant changes.
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Cash Flow Funds Capex, Deals, Dividends
Nine-month operating cash flow was $3,519 million versus $3,315 million, covering $1,363 million of capex, $1,117 million of acquisitions and $577 million of dividends; total debt to EBITDA was about 2.6 against a 3.75 covenant maximum.
Analysis · RSG · Energy & Transportation
The 10-Q formalizes the Q3 beat first reported in the October 29 8-K and adds two things investors did not have: a fresh $5.0 billion repurchase authorization running 2027-2029, and a full-year 2026 revenue range of $17.425-$17.475 billion. Nine-month operating cash flow of $3,519 million comfortably funds $1,363 million of capex, $1,117 million of acquisitions and $577 million of dividends, with the debt-to-EBITDA ratio at roughly 2.6 against a 3.75 covenant ceiling. The buyback is the clearest signal here: management is committing to return capital at scale for three more years while the stock trades near its 52-week high.
How filings like this one have moved
In the 30 days to Oct 30, 2026, 30.7% of the 1581 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.02%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, RSG was trading at $237.00 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $72.4B. The 52-week trading range was $196.41 to $243.22. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.