By Adriano Marchese
Waste Connections shares gained after strong results in its solid waste and energy segments boosted third-quarter revenue.
Shares traded 1.2% higher in Toronto at 246.10 Canadian dollars ($175.49).
Revenue rose to $2.46 billion compared with $2.34 billion a year ago, topping analyst consensus expectations which pegged the figure at $2.42 billion, according to FactSet.
The increase was driven by growth in the company's solid waste collection unit and oil- and gas-related waste treatment, recovery and disposal segment.
The waste services company late Tuesday posted a profit of $286.3 million, or $1.11 a share, compared with $308 million, or $1.19 a share, a year earlier. On an adjusted basis, earnings per share came to $1.44, ahead of estimates of $1.37 a share.
The company also said it is increasing its quarterly dividend by to 35 cents a share from 31.5 cents and that it is maintaining its full-year outlook for revenue of $9.45 billion and net income of about $1.14 billion.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
October 22, 2025 10:20 ET (14:20 GMT)
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