1 month ago
On August 6, Republic Services (NYSE:RSG) reported earnings of $1.84 per diluted share for the quarter that closed on June 30, up from $1.75 a year earlier, and lifted most of its full-year targets. Here is the odd part. The company moved less volume than it did a year ago and still grew profit. Understanding how that works, and how long it can last, is the whole story.
Start with pricing, because that is the engine. Core price on total revenue added 5.3% to growth, which helped lift total revenue by 4.6%. Inside the related business, price contributed 4.1% in the restricted portion and 7.8% in the open market. Management says price beat cost inflation, and the margin backs that up. Adjusted EBITDA reached $1.42 billion at a 32.1% margin, matching the prior year even after Republic absorbed a 50 basis point drag from event-driven landfill volumes it received in 2025.
Cash generation is just as sturdy. Through the first half of 2026, operations produced $2.38 billion, and adjusted free cash flow came to $1.58 billion. That paid for $860 million of acquisitions and $1.04 billion returned to shareholders, so Republic is buying growth and rewarding owners from the same pool. The board added 4.5 cents to the quarterly dividend, setting it at $0.670 per share with an October 2 record date and payment on October 15. Management also raised full-year revenue, adjusted EBITDA, and free cash flow guidance, and set adjusted earnings at $7.23 to $7.28 per share.
The catch is that volume is moving the wrong way. Average yield added 3.4% to total revenue, while volume took away 1.6%, and the related business gave up 1.9% to volume. That makes this a price-led story, and price can only carry so much weight if volumes keep shrinking. Acquisitions also supplied 1.1% of the 4.6% total growth, so organic growth is smaller than the headline suggests.
Other lines were softer too. The environmental solutions business slipped 0.2%, so it added no lift. Recycled commodities sold for an average of $136 per ton at Republic's recycling centers, which is $13 lower than a year earlier. Margin only matched last year's level, and adjusted earnings per share rose 4.5%, just under revenue growth, so profit grew in step with sales rather than faster.
#year
Start with pricing, because that is the engine. Core price on total revenue added 5.3% to growth, which helped lift total revenue by 4.6%. Inside the related business, price contributed 4.1% in the restricted portion and 7.8% in the open market. Management says price beat cost inflation, and the margin backs that up. Adjusted EBITDA reached $1.42 billion at a 32.1% margin, matching the prior year even after Republic absorbed a 50 basis point drag from event-driven landfill volumes it received in 2025.
Cash generation is just as sturdy. Through the first half of 2026, operations produced $2.38 billion, and adjusted free cash flow came to $1.58 billion. That paid for $860 million of acquisitions and $1.04 billion returned to shareholders, so Republic is buying growth and rewarding owners from the same pool. The board added 4.5 cents to the quarterly dividend, setting it at $0.670 per share with an October 2 record date and payment on October 15. Management also raised full-year revenue, adjusted EBITDA, and free cash flow guidance, and set adjusted earnings at $7.23 to $7.28 per share.
The catch is that volume is moving the wrong way. Average yield added 3.4% to total revenue, while volume took away 1.6%, and the related business gave up 1.9% to volume. That makes this a price-led story, and price can only carry so much weight if volumes keep shrinking. Acquisitions also supplied 1.1% of the 4.6% total growth, so organic growth is smaller than the headline suggests.
Other lines were softer too. The environmental solutions business slipped 0.2%, so it added no lift. Recycled commodities sold for an average of $136 per ton at Republic's recycling centers, which is $13 lower than a year earlier. Margin only matched last year's level, and adjusted earnings per share rose 4.5%, just under revenue growth, so profit grew in step with sales rather than faster.
#year
2 months ago
GFL Environmental Inc. (NYSE:GFL) completed its acquisition of SECURE Waste Infrastructure, adding a specialized waste and energy-infrastructure platform across Western Canada and North Dakota. At the announcement, the transaction had a C$6.4 billion enterprise value, with shareholder consideration comprising 80% GFL shares and 20% cash.
Closing required the issuance of 75,126,306 subordinate voting shares, capacity under the revolving credit facility, and a new US$1 billion senior secured term loan. The loan matures in August 2033 and carries interest at the Secured Overnight Financing Rate plus 200 basis points. GFL Environmental Inc. (NYSE:GFL) estimates an interest rate of approximately 5% after its cross-currency interest-rate swaps.
SECURE brings a difficult-to-replicate network spanning more than 80 locations, including landfills, waste-treatment and recycling facilities, injection wells and transfer stations. It also operates crude oil terminals, storage facilities and pipeline-connected infrastructure. The ****** ets broaden services and operating density in Western Canada.
More than 2,000 SECURE employees are joining the combined company. SECURE President and Chief Executive Officer Allen Gransch and other managers will continue leading the acquired operations as employees and shareholders. Retaining the operating team should help preserve customer relationships and institutional knowledge during integration.
The acquisition cost is spread across debt and equity. The 2033 maturity provides time for cash generation, while management said the term-loan transaction did not affect the company's credit rating.
#secure
Closing required the issuance of 75,126,306 subordinate voting shares, capacity under the revolving credit facility, and a new US$1 billion senior secured term loan. The loan matures in August 2033 and carries interest at the Secured Overnight Financing Rate plus 200 basis points. GFL Environmental Inc. (NYSE:GFL) estimates an interest rate of approximately 5% after its cross-currency interest-rate swaps.
SECURE brings a difficult-to-replicate network spanning more than 80 locations, including landfills, waste-treatment and recycling facilities, injection wells and transfer stations. It also operates crude oil terminals, storage facilities and pipeline-connected infrastructure. The ****** ets broaden services and operating density in Western Canada.
More than 2,000 SECURE employees are joining the combined company. SECURE President and Chief Executive Officer Allen Gransch and other managers will continue leading the acquired operations as employees and shareholders. Retaining the operating team should help preserve customer relationships and institutional knowledge during integration.
The acquisition cost is spread across debt and equity. The 2033 maturity provides time for cash generation, while management said the term-loan transaction did not affect the company's credit rating.
#secure
0.00$ raised of 0.00$ goal
0 donations
0.00$
to go
2 months ago
New Delhi: A controversy is never far from Delhi cricket. As the third edition of the Delhi Premier League T20 comes to a close, Delhi and District Cricket ******* ociation (DDCA) president Rohan Jaitley spoke to TOI on the pressing issues...
How has the DPL benefitted Delhi cricket so far?
DPL has been consistently throwing up names who are fetching good prices in the IPL. We expect a few more this year. But it has turned around the women's game altogether. The senior Delhi team won the women's national one-day tournament. The U-23 team has won once and finished runners-up once.
How does it impact the revenue?
All I can say is that the DDCA can now take care of the expenses for all the Delhi state teams across age-groups and genders throughout the year with the profit we make from this league.
There have been doubts cast on quality of players playing, especially with the Dev Chaudhary controversy...
DDCA, by principle, revisits every regulation of the league after each season. I feel for the boy for what he has to go through.
What's the plan with the new stadium?
We have identified two spots in Delhi. One is the landfill in Okhla and the other is near Badarpur. We are in the process of finalising the venue to build a stadium with 70-80k capacity. We are in talks with BCCI to come up with suggestions or a collaboration to create a state-of-the-art facility.
Many players avoid playing Ranji Trophy and just focus on T20 leagues...
That is something we have observed, especially with a few senior fast bowlers. We will keep a close watch on them this season. If they dodge Ranji Trophy, they will not be considered for Delhi in other formats.
#senior
How has the DPL benefitted Delhi cricket so far?
DPL has been consistently throwing up names who are fetching good prices in the IPL. We expect a few more this year. But it has turned around the women's game altogether. The senior Delhi team won the women's national one-day tournament. The U-23 team has won once and finished runners-up once.
How does it impact the revenue?
All I can say is that the DDCA can now take care of the expenses for all the Delhi state teams across age-groups and genders throughout the year with the profit we make from this league.
There have been doubts cast on quality of players playing, especially with the Dev Chaudhary controversy...
DDCA, by principle, revisits every regulation of the league after each season. I feel for the boy for what he has to go through.
What's the plan with the new stadium?
We have identified two spots in Delhi. One is the landfill in Okhla and the other is near Badarpur. We are in the process of finalising the venue to build a stadium with 70-80k capacity. We are in talks with BCCI to come up with suggestions or a collaboration to create a state-of-the-art facility.
Many players avoid playing Ranji Trophy and just focus on T20 leagues...
That is something we have observed, especially with a few senior fast bowlers. We will keep a close watch on them this season. If they dodge Ranji Trophy, they will not be considered for Delhi in other formats.
#senior
2 months ago
Key Takeaways
An anonymous British investor has recovered dozens of Bitcoin worth about £3.3 million after losing access to the funds in 2014.
The story is different from James Howells, whose 8,000 BTC may remain locked behind a private key on a hard drive buried in a Welsh landfill.
Glassnode says Bitcoin's 26% recovery has been backed by ETF demand and broad wallet accumulation.
An anonymous British man has recovered dozens of Bitcoin worth approximately £3.3 million, 12 years after the failure of an early crypto exchange left him unable to reach the funds.
#british #james
An anonymous British investor has recovered dozens of Bitcoin worth about £3.3 million after losing access to the funds in 2014.
The story is different from James Howells, whose 8,000 BTC may remain locked behind a private key on a hard drive buried in a Welsh landfill.
Glassnode says Bitcoin's 26% recovery has been backed by ETF demand and broad wallet accumulation.
An anonymous British man has recovered dozens of Bitcoin worth approximately £3.3 million, 12 years after the failure of an early crypto exchange left him unable to reach the funds.
#british #james
2 months ago
CONAKRY, Guinea (AP) — A mountainous heap of refuse collapsed at the largest landfill in Guinea 's capital of Conakry early on Sunday, killing 30 people, according to the central government.
Authorities said that heavy rains, which started at around 2 a.m., washed over the refuse at Dar Es Salam — the largest landfill in Conakry — and triggered a landslide that buried nearby shacks. A search and rescue operation was underway to find survivors. Six people were seriously injured and several homes were destroyed.
The site, an open-air waste dump which is the largest in the city, had been designated for closure on Sunday, according to Lt. Col. Baldé Mamadou Bailo, the sanitation officer for the military engineering battalion.
Locals living around the landfill had been given eviction notices, which forced many to leave the area, but many others were still around at the time of the disaster, according to authorities.
"We will ensure that the remaining families are relocated elsewhere," Dienabou Touré, the minister of territorial administration and decentralization, said at the scene.
#landfill #guinea
Authorities said that heavy rains, which started at around 2 a.m., washed over the refuse at Dar Es Salam — the largest landfill in Conakry — and triggered a landslide that buried nearby shacks. A search and rescue operation was underway to find survivors. Six people were seriously injured and several homes were destroyed.
The site, an open-air waste dump which is the largest in the city, had been designated for closure on Sunday, according to Lt. Col. Baldé Mamadou Bailo, the sanitation officer for the military engineering battalion.
Locals living around the landfill had been given eviction notices, which forced many to leave the area, but many others were still around at the time of the disaster, according to authorities.
"We will ensure that the remaining families are relocated elsewhere," Dienabou Touré, the minister of territorial administration and decentralization, said at the scene.
#landfill #guinea
2 months ago
The City of New York handles nearly 3 million tons of municipal waste every year. The majority of that gets shipped to landfills outside the city, costing taxpayers around $500 million every year. But the Sanitation Department wants to modernize New York's outdated trash system — can they? To find out, we asked an expert in environmental policy.
#department
#department
3 months ago
Kansas City, Missouri-based Evergy, Inc. (EVRG), generates, transmits, distributes, and sells electricity. Valued at $19.2 billion by market cap, the company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources.
Shares of this utility company have underperformed the broader market over the past year. EVRG has gained 14.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 22.4%. However, in 2026, EVRG stock is up 15%, surpassing the SPX's 13.3% rise on a YTD basis.
What Was Driving Markets Early Monday Morning?
Vistra Corp (VST) Stock's Underperformance Could Open Up a Contrarian Options Trade
The Biggest AI Power Opportunity May Be Hiding in Constellation Energy
#sources #broader #kansas
Shares of this utility company have underperformed the broader market over the past year. EVRG has gained 14.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 22.4%. However, in 2026, EVRG stock is up 15%, surpassing the SPX's 13.3% rise on a YTD basis.
What Was Driving Markets Early Monday Morning?
Vistra Corp (VST) Stock's Underperformance Could Open Up a Contrarian Options Trade
The Biggest AI Power Opportunity May Be Hiding in Constellation Energy
#sources #broader #kansas
3 months ago
BP has put its U.S. biogas business up for sale in the British oil major's latest move to pivot back to fossil fuels.
The London-based company said Tuesday it intended to sell Archaea, which it bought in a $4.1 billion deal in 2022 in a bet on growing demand for renewable fuel. BP had already written down the value of the business, which turns landfill trash into renewable natural gas.
The Investing Heavyweights That Backed Situational Awareness Before It Blew Up
Mamdani Is Shunning New York Business Leaders Who Are Used to Calling the Shots
The Live Shopping App Where Some People Bid Until They're Broke
#archaea
The London-based company said Tuesday it intended to sell Archaea, which it bought in a $4.1 billion deal in 2022 in a bet on growing demand for renewable fuel. BP had already written down the value of the business, which turns landfill trash into renewable natural gas.
The Investing Heavyweights That Backed Situational Awareness Before It Blew Up
Mamdani Is Shunning New York Business Leaders Who Are Used to Calling the Shots
The Live Shopping App Where Some People Bid Until They're Broke
#archaea
4 months ago
Work is under way to protect a coastal former landfill site from the effects of erosion.
After operating for nearly 30 years, the tip beyond Biggar Bank, at South Walney, **** bria, closed in the 1980s, but recent months have seen buried items exposed as the soil and rock washes away.
Westmorland and Furness Council has begun reshaping the edge of the site with the aim of creating a gentler slope to reduce slippage. It will then be topped with a liner, along with a 250m (820ft) stretch of rock armour designed to provide protection against severe flooding.
The scheme is expected to be completed by mid-August.
Councillor John Murray, cabinet member for climate, biodiversity and regulatory services, said the previous sea defences "haven't proved adequate to protect this site".
After operating for nearly 30 years, the tip beyond Biggar Bank, at South Walney, **** bria, closed in the 1980s, but recent months have seen buried items exposed as the soil and rock washes away.
Westmorland and Furness Council has begun reshaping the edge of the site with the aim of creating a gentler slope to reduce slippage. It will then be topped with a liner, along with a 250m (820ft) stretch of rock armour designed to provide protection against severe flooding.
The scheme is expected to be completed by mid-August.
Councillor John Murray, cabinet member for climate, biodiversity and regulatory services, said the previous sea defences "haven't proved adequate to protect this site".
5 months ago
Is RSG a good stock to buy? We came across a bullish thesis on Republic Services, Inc. on r/investing_discussion by Variant_Invest. In this article, we will summarize the bulls’ thesis on RSG. Republic Services, Inc.'s share was trading at $207.05 as of May 26th. RSG’s trailing and forward P/E were 29.71 and 28.82 respectively according to Yahoo Finance.
Olaf Speier/Shutterstock.com
Republic Services, Inc. (RSG) is presented as a high-quality compounder operating in the structurally advantaged waste management industry, where landfill permitting barriers create an almost impenetrable moat and limit new competitive supply, reinforcing long-duration pricing power. The business operates an integrated national network of collection routes, transfer stations, and landfills, enabling scale efficiencies and disciplined pricing that consistently runs ahead of cost inflation.
Read More: 15 AI Stocks That Are Quietly Making Investors Rich
Read More: Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential
Olaf Speier/Shutterstock.com
Republic Services, Inc. (RSG) is presented as a high-quality compounder operating in the structurally advantaged waste management industry, where landfill permitting barriers create an almost impenetrable moat and limit new competitive supply, reinforcing long-duration pricing power. The business operates an integrated national network of collection routes, transfer stations, and landfills, enabling scale efficiencies and disciplined pricing that consistently runs ahead of cost inflation.
Read More: 15 AI Stocks That Are Quietly Making Investors Rich
Read More: Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential
5 months ago
Nine industry leaders including Hyundai Motor Group sign landmark hydrogen MOU...
HONG KONG SAR - Media OutReach Newswire - 22 May 2026 - At the International Hydrogen Development Symposium 2026 today (May 18), nine pioneering companies from Korea, the Chinese Mainland, France, and Hong Kong - including Hyundai Motor Group - signed a landmark Memorandum of Understanding (MOU) on hydrogen ecosystem building, marking a major step toward advancing the city’s green economy.
At the International Hydrogen Development Symposium 2026 today (May 18), nine pioneering companies from Korea, the Chinese Mainland, France, and Hong Kong - including Hyundai Motor Group - signed a landmark Memorandum of Understanding on hydrogen ecosystem building, marking a major step toward advancing the city’s green economy. Photo shows (from left) Senior Vice President (Sustainability) for Technology, Innovation and Entrepreneurship of Invest Hong Kong (InvestHK), Ms Olivia To; the Director-General of Investment Promotion of InvestHK, Ms Alpha Lau; Executive Vice President and Head of Energy & Hydrogen Policy Sub-Division at Hyundai Motor Group, Mr Seung Kyu-shin; Deputy Minister for Territorial and Urban Policy at Ministry of Land, Infrastructure and Transport of the Republic of Korea, Mr Jeong Eui-kyung; the Global Head of Financial Services, Fintech & Sustainability of InvestHK, Mr King Leung; and Senior Vice President, Transport, Logistics and Industrials of InvestHK, Ms Bonnie Ho, at the symposium.
This multi-party signing was officiated by Deputy Minister for Territorial and Urban Policy at Ministry of Land, Infrastructure and Transport of the Republic of Korea, Mr Jeong Eui-kyung; the Acting Secretary for Environment and Ecology, Miss Diane Wong; the Director of Electrical and Mechanical Services, Mr Poon Kwok-ying; and the Director-General of Investment Promotion of Invest Hong Kong (InvestHK), Ms Alpha Lau.
At the International Hydrogen Development Symposium 2026 today (May 18), nine pioneering companies from Korea, the Chinese Mainland, France, and Hong Kong - including Hyundai Motor Group - signed a landmark Memorandum of Understanding on hydrogen ecosystem building, marking a major step toward advancing the city’s green economy. Photo shows the Director-General of Investment Promotion of Invest Hong Kong, Ms Alpha Lau, delivering a speech.
Spearheaded by Hyundai Motor Group, the MOU establishes a collaborative framework to build a comprehensive, self-sustaining hydrogen ecosystem in Hong Kong, targeted to be fully operational by the end of 2030. The collaboration will prioritise the development of waste-to-hydrogen technologies to convert landfill gas into clean energy, along with an immediate focus on piloting a liquefied hydrogen refuelling infrastructure. To enable full value chain integration, it also targets the deployment of customised hydrogen fuel cell commercial vehicles, including tour and airport shuttle buses.
https://apnews.com/press-r...
HONG KONG SAR - Media OutReach Newswire - 22 May 2026 - At the International Hydrogen Development Symposium 2026 today (May 18), nine pioneering companies from Korea, the Chinese Mainland, France, and Hong Kong - including Hyundai Motor Group - signed a landmark Memorandum of Understanding (MOU) on hydrogen ecosystem building, marking a major step toward advancing the city’s green economy.
At the International Hydrogen Development Symposium 2026 today (May 18), nine pioneering companies from Korea, the Chinese Mainland, France, and Hong Kong - including Hyundai Motor Group - signed a landmark Memorandum of Understanding on hydrogen ecosystem building, marking a major step toward advancing the city’s green economy. Photo shows (from left) Senior Vice President (Sustainability) for Technology, Innovation and Entrepreneurship of Invest Hong Kong (InvestHK), Ms Olivia To; the Director-General of Investment Promotion of InvestHK, Ms Alpha Lau; Executive Vice President and Head of Energy & Hydrogen Policy Sub-Division at Hyundai Motor Group, Mr Seung Kyu-shin; Deputy Minister for Territorial and Urban Policy at Ministry of Land, Infrastructure and Transport of the Republic of Korea, Mr Jeong Eui-kyung; the Global Head of Financial Services, Fintech & Sustainability of InvestHK, Mr King Leung; and Senior Vice President, Transport, Logistics and Industrials of InvestHK, Ms Bonnie Ho, at the symposium.
This multi-party signing was officiated by Deputy Minister for Territorial and Urban Policy at Ministry of Land, Infrastructure and Transport of the Republic of Korea, Mr Jeong Eui-kyung; the Acting Secretary for Environment and Ecology, Miss Diane Wong; the Director of Electrical and Mechanical Services, Mr Poon Kwok-ying; and the Director-General of Investment Promotion of Invest Hong Kong (InvestHK), Ms Alpha Lau.
At the International Hydrogen Development Symposium 2026 today (May 18), nine pioneering companies from Korea, the Chinese Mainland, France, and Hong Kong - including Hyundai Motor Group - signed a landmark Memorandum of Understanding on hydrogen ecosystem building, marking a major step toward advancing the city’s green economy. Photo shows the Director-General of Investment Promotion of Invest Hong Kong, Ms Alpha Lau, delivering a speech.
Spearheaded by Hyundai Motor Group, the MOU establishes a collaborative framework to build a comprehensive, self-sustaining hydrogen ecosystem in Hong Kong, targeted to be fully operational by the end of 2030. The collaboration will prioritise the development of waste-to-hydrogen technologies to convert landfill gas into clean energy, along with an immediate focus on piloting a liquefied hydrogen refuelling infrastructure. To enable full value chain integration, it also targets the deployment of customised hydrogen fuel cell commercial vehicles, including tour and airport shuttle buses.
https://apnews.com/press-r...
