# Republic Services raises cash-flow outlook after Q3 revenue growth

> Republic Services grew third-quarter revenue 8.2% year over year, matched approximate EPS consensus and raised its 2026 adjusted free-cash-flow guidance to $2.565–$2.585 billion.

Source page: https://stoqly.net/news/republic-services-q3-2026-cash-flow-guidance

- **Published:** 2026-10-31T19:07:00+00:00
- **Section:** Quarterly results
- **Company:** Republic Services (RSG), https://stoqly.net/companies/rsg.md

Republic Services reported third-quarter 2026 revenue of $4.559 billion, up from $4.212 billion a year earlier. Net income attributable to the company rose to $592 million from $550 million, while diluted earnings per share increased to $1.93 from $1.76.

Revenue growth translated into higher operating income of $921 million, compared with $836 million in the prior-year quarter. The reported $1.93 diluted EPS was broadly in line with the approximately $1.93 consensus cited before the release, while revenue exceeded estimates of roughly $4.41–$4.42 billion.

Cash generation also strengthened: operating cash flow for the first nine months reached $3.519 billion, versus $3.315 billion in 2025. Republic ended September with $92 million of cash and $14.055 billion of current and long-term debt, compared with $76 million and $13.581 billion at year-end 2025. The company repurchased $856 million of stock in the nine-month period and paid $577 million in dividends.

**What changed in the outlook** Management raised full-year 2026 adjusted free-cash-flow guidance to $2.565–$2.585 billion, based on expected operating cash flow of $4.510–$4.570 billion and property-and-equipment purchases of $1.970–$2.010 billion. The company also raised adjusted EBITDA guidance to $5.550–$5.575 billion.

The updated outlook points to stronger expected cash conversion, but adjusted free cash flow is a non-GAAP measure: Republic says it excludes debt service and dividends and may not be comparable with similarly named measures at other companies. The board separately declared a quarterly dividend of $0.670 per share, payable January 15, 2027.

- Q3 revenue: $4.559B +8.2% year over year
- Diluted EPS: $1.93 +$0.17 year over year
- 9M operating cash flow: $3.519B +6.2% year over year
- FY26 adj. FCF guide: $2.565–$2.585B raised company guidance

- [Republic Services Form 10-Q for the quarter ended September 30, 2026](https://www.sec.gov/Archives/edgar/data/1060391/000106039126000327/rsg-20260930.htm)
- [Republic Services Form 8-K dated October 28, 2026](https://www.sec.gov/Archives/edgar/data/1060391/000106039126000326/rsg-20261028.htm)
- [Republic Services Q3 2026 results release](https://investor.republicservices.com/news-releases/news-release-details/republic-services-inc-reports-third-quarter-2026-results)
- [Published pre-release consensus estimates](https://www.investing.com/news/earnings/republic-services-earnings-in-focus-as-pricing-meets-soft-volumes-93CH-4984556)

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Written by Stoqly from SEC filings and market data. For information only — not investment advice or a recommendation to buy, sell or hold any security.