Republic Services Tops Q2 Estimates and Lifts Full-Year Outlook Across All Key Metrics
RSG is trading near its 52-week low of $196.41 (8.2% 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 across all key metrics. The update also highlighted $860M in acquisitions and a 7% dividend increase.
Key Events · Earnings and Guidance · RSG
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Q2 Earnings Beat
Revenue of $4.43B exceeded the $4.36B consensus, and adjusted EPS of $1.85 beat the $1.84 estimate. Organic growth was fueled by a 6.4% rise in core price on related business revenue.
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Full-Year Guidance Raised
Management lifted 2026 guidance: revenue to $17.2B-$17.3B, adjusted EBITDA to $5.525B-$5.55B, adjusted EPS to $7.23-$7.28, and adjusted free cash flow to $2.54B-$2.575B.
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Capital Deployment Accelerates
Year-to-date, the company invested $860M in acquisitions and repurchased $651M of stock. The quarterly dividend was raised 7% to $0.67 per share.
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Margin Resilience
Adjusted EBITDA margin held at 32.1% despite a 50 bps headwind from prior-year event-driven landfill volumes, reflecting strong cost management.
Analysis · RSG · Energy & Transportation
A clean Q2 beat sets the stage: revenue reached $4.43B against a $4.36B consensus, while adjusted EPS came in at $1.85 versus the $1.84 estimate. More telling, management raised full-year 2026 guidance for revenue, adjusted EBITDA, adjusted EPS, and adjusted free cash flow—a clear signal of confidence in sustained pricing power and cost discipline. Year-to-date, the company has deployed $860M in acquisitions and $651M in buybacks, and it hiked the dividend by 7%. This broad-based operational update reinforces the investment thesis.
At the time of this filing, RSG was trading at $212.43 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.