Waste Management Stocks Q2 Earnings: Montrose (NYSE:MEG) Sets the Pace

Montrose (NYSE:MEG) reported Q2 revenues of $234.5 million, up 35.3% YoY, beating analysts' expectations by 24.4%. This was the highest revenue growth among all waste management stocks. Waste Connections (NYSE:WCN) reported revenues of $2.41 billion, up 7.1% YoY, outperforming analysts' expectations by 0.7%. Montrose's stock is up 22.9% since reporting, while Waste Connections has traded sideways, currently at $185.80.

In the second quarter of 2025, waste management stocks displayed a mixed performance, with some companies reporting strong earnings growth while others faced setbacks. Among the notable performers, Montrose (NYSE:MEG) and Waste Connections (NYSE:WCN) stood out.

Montrose reported Q2 revenues of $234.5 million, a 35.3% year-over-year (YoY) increase, significantly beating analysts' expectations by 24.4%. This was the highest revenue growth among all waste management stocks tracked. The company's stock has surged 22.9% since the earnings report, currently trading at $27.79 [1].

Waste Connections, the third-largest waste management company in North America, reported Q2 revenues of $2.41 billion, up 7.1% YoY. This result outperformed analysts' expectations by 0.7%. Despite the strong earnings, Waste Connections' stock has traded sideways, currently at $185.80 [1].

On the other end of the spectrum, Quest Resource (NASDAQ:QRHC) delivered the weakest performance among its peers. The company reported revenues of $59.54 million, down 18.6% YoY, falling short of analysts' expectations by 17.9%. Quest Resource's stock has declined 18.9% since the results, currently trading at $1.59 [1].

Republic Services (NYSE:RSG) and Waste Management (NYSE:WM) also reported mixed results. Republic Services' revenues increased by 4.6% YoY, but the stock has fallen 4.1% since reporting, currently trading at $236.11 [1]. Waste Management reported a 19% YoY revenue increase, but the stock has remained flat since the earnings announcement, currently trading at $230.01 [1].

The performance of waste management stocks is influenced by various factors, including regulatory changes, economic cycles, and interest rates. The recent Fed rate hikes and subsequent rate cuts have impacted these companies, with some benefiting from increased waste generation due to economic activity and others facing challenges from regulatory compliance costs.

In summary, while some waste management stocks, such as Montrose, have shown strong performance in Q2 2025, others have faced headwinds. Investors should closely monitor these companies' earnings reports and regulatory environments to make informed decisions.

References:
[1] https://finance.yahoo.com/news/waste-management-stocks-q2-earnings-033356877.html
[2] https://www.marketbeat.com/instant-alerts/q4-eps-estimate-for-waste-connections-decreased-by-analyst-2025-08-15/