Waste Connections, Inc
wasteconnections.comWaste Connections, Inc. (NYSE: WCN; TSX: WCN) is a waste services company that provides collection, transfer, disposal, and recycling services across secondary, rural, and niche markets in North America. It makes money through fees charged for waste collection and disposal, including vertically integrated landfill operations where it owns disposal capacity proximate to the waste stream. The company targets markets where it can achieve a substantial presence with reduced customer churn, including exclusive municipal collection arrangements and niche segments such as exploration and production (E&P) waste treatment and disposal. Its strategy centers on controlling the waste stream from collection through disposal, optimizing landfill asset positioning, and pursuing early-mover advantage in rural basins where third-party disposal alternatives are limited. Waste Connections is incorporated in Texas and trades on both the New York Stock Exchange and the Toronto Stock Exchange.
Products & Services
Waste collection services, waste transfer, landfill disposal, recycling, and exploration and production (E&P) waste treatment and disposal.
Revenue Model
Fee-based transactional revenue from waste collection, transfer, disposal, and recycling services. Vertically integrated operations, where the company owns landfills and disposal sites, allow it to capture value across the waste stream rather than relying on third-party disposal.
Customers & Markets
Residential, commercial, and industrial customers in secondary and rural markets. Municipal customers under exclusive collection arrangements. Oil and gas operators requiring E&P waste treatment and disposal in rural basins.
Geographic Exposure
North America, with a stated focus on secondary and rural markets. Dual-listed on NYSE and Toronto Stock Exchange, indicating U.S. and Canadian operations.
Peers: Li-Cycle Holdings Corp.
Source: SEC 10-K, filed 2026-02-12
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