• Waste Connections of Canada has opened a renewable natural gas facility at the Ridge Landfill in Chatham-Kent, Ontario, with Enbridge Gas, connecting captured landfill gas to Enbridge’s distribution network through a new injection station and pipeline.
• This project turns landfill emissions into low-carbon energy for Ontario homes, highlighting how waste infrastructure can double as a local clean energy source.
• We’ll now explore how this new landfill-to-RNG pipeline partnership with Enbridge Gas may influence Waste Connections’ broader investment narrative.

Find 43 companies with promising cash flow potential yet trading below their fair value.

Waste Connections Investment Narrative Recap

To own Waste Connections, you need to believe in steady, recurring waste volumes with disciplined pricing, supported by operational execution and acquisition integration. The new Ridge Landfill RNG tie-in with Enbridge looks additive to the long term story of monetizing landfill gas, but it does not appear to change the near term focus on pricing and margin stability, nor the key risk around acquisition execution and integration costs.

Among recent announcements, the reaffirmed 2026 guidance for US$9.90–US$9.95 billion in revenue is the most relevant anchor for thinking about this RNG project. That outlook frames how incremental RNG volumes and any capital needs might sit within an already sizable plan, while the ongoing share repurchases and regular dividend increases show management balancing growth investments with returning cash to shareholders.

Yet beneath the cleaner energy story, there is still the underappreciated risk that large, complex projects can expose investors to...

Waste Connections' narrative projects $11.4 billion revenue and $1.6 billion earnings by 2029. This requires 5.9% yearly revenue growth and about a $0.5 billion earnings increase from $1.1 billion today.

Uncover how Waste Connections' forecasts yield a $203.92 fair value, a 22% upside to its current price.

Exploring Other Perspectives

The most optimistic analysts already saw Waste Connections reaching about US$11.8 billion of revenue and US$1.7 billion of earnings, and this new RNG project could either support that upbeat view or highlight how exposed those expectations are to execution risks at large, long duration energy focused sites.

Explore 3 other fair value estimates on Waste Connections - why the stock might be worth 6% less than the current price!

The Verdict Is Yours

Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.

• A great starting point for your Waste Connections research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Waste Connections research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Waste Connections' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.