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Casella Waste reported $1.8B in revenue and $7.9M in net income for fiscal 2025. See the full CWST financial statements: income statement, balance sheet, cash flow and ratios, each column linked to its SEC filing.

Casella Waste Systems and Waga Energy Bring Third RNG Facility online at McKean Landfill

Casella and Waga Energy have completed their 2023 landfill RNG partnership with a third 20-year, revenue-sharing facility at McKean Landfill.

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Casella Waste Systems (CWST) and Waga Energy (WAGA) have started operations at a new Renewable Natural Gas production facility at the McKean Landfill in Mount Jewett, Pennsylvania. This is the third RNG facility brought online in 2026 under their 2023 partnership, following Chemung County and Hyland landfills.

The McKean facility uses Waga Energy’s patented WAGABOX® technology to upgrade landfill gas into pipeline-quality RNG. With 2,000 SCFM of installed processing capacity, it can generate up to 407,000 MMBtu (120 GWh) of renewable gas annually, with output expected to ramp as landfill gas volumes increase.

The RNG is injected directly into the National Fuel Gas network, providing a renewable alternative to fossil natural gas and is expected to avoid 31,000 tons of CO₂-equivalent emissions per year. Waga Energy fully funded and will own and operate all three facilities for 20 years, while Casella and Waga share revenue from RNG sales.

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Positive

  • Third RNG facility online in 2026 completes the 2023 Casella–Waga partnership portfolio
  • McKean RNG capacity up to 407,000 MMBtu (120 GWh) per year from 2,000 SCFM processing
  • 20-year ownership and operating term for Waga with shared RNG sales revenue for both partners
  • 31,000 tons CO₂e emissions avoided annually expected, enhancing the environmental value of Casella’s landfill assets

Negative

  • None.

News Explained

The disclosure marks the three-facility buildout under the 2023 Casella-Waga partnership agreement as complete, with the McKean unit now operating.

Market Context

GFL rose +2.63% in the current peer snapshot, while the momentum scanner listed no peers in momentum...
Analysis

GFL rose +2.63% in the current peer snapshot, while the momentum scanner listed no peers in momentum. That context leaves the announcement company-specific; production ramp timing and shared RNG revenue remain items to watch.

Key Figures

Facilities online: 3 facilities Partnership agreement: 2023 Processing capacity: 2,000 SCFM +4 more
7 metrics
Facilities online 3 facilities Third RNG facility to come online this year
Partnership agreement 2023 Agreement completed by the three projects
Processing capacity 2,000 SCFM McKean RNG facility installed capacity
Annual renewable gas output 407,000 MMBtu Maximum annual output at McKean
Annual renewable gas output 120 GWh Maximum annual output at McKean
Emissions avoided 31,000 tons of CO₂-equivalent Expected annual emissions avoidance
Operating term 20 years Waga Energy ownership and operation term

Historical Context

5 past events · Latest: Aug 06 (Neutral)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Aug 06 Q2 earnings Neutral -1.2% Revenue and adjusted EBITDA increased, while net income declined and guidance was mixed.
Jul 28 RNG facility launch Positive -0.7% Hyland Landfill RNG facility began operations with 610,000 MMBtu annual potential output.
Jul 13 Earnings scheduling Neutral -1.7% The company scheduled its second-quarter results release and conference call.
Jul 01 Leadership appointments Neutral -1.7% Casella announced executive vice president and general counsel leadership changes.
May 27 Bond remarketing Neutral -1.0% The company priced a $15.0 million solid waste disposal revenue bond remarketing.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

All five recent news events had negative 24-hour reactions, including the prior RNG facility announcement at -0.68%.

Key Terms

rng, scfm, mmbtu, co₂-equivalent
4 terms
rng technical
"production of Renewable Natural Gas (“RNG”) from landfills"
Renewable natural gas (RNG) is methane captured from organic waste sources—like landfills, farms, or wastewater—and cleaned to match the quality of conventional natural gas. For investors, RNG matters because it turns waste into a marketable, low-carbon fuel that can create new revenue streams, qualify for environmental credits, and reduce a company’s carbon footprint much like turning trash into a sellable product.
scfm technical
"With 2,000 SCFM of installed processing capacity"
scfm stands for standard cubic feet per minute, a measure of how much gas flows past a point each minute after adjusting for a fixed set of temperature and pressure conditions. It matters to investors because equipment, production capacity, and contract terms for gas, compressors, or medical oxygen are often specified in scfm; like knowing how many gallons per minute a water pump can deliver, scfm tells you how much usable gas a system can supply under standardized conditions.
mmbtu technical
"generate up to 407,000 MMBtu (120 GWh) of renewable gas annually"
A MMBtu is a unit of energy equal to one million British thermal units, commonly used to measure natural gas and other fuel quantities for trading and contracts. For investors, it translates raw energy into a standardized price metric—think of it like gallons for gasoline—so changes in the MMBtu price affect producer revenues, utility costs, commodity derivatives, and the profitability of energy-related investments.
co₂-equivalent technical
"avoid 31,000 tons of CO₂-equivalent emissions each year"
co₂-equivalent is a single number that expresses the climate impact of different greenhouse gases as if they were an equal amount of carbon dioxide, using each gas’s global warming potential over a standard time horizon (usually 100 years). Think of it like converting various currencies into dollars so you can add them together and compare totals. Investors use it to compare a company’s overall greenhouse footprint, assess regulatory or carbon-pricing exposure, and track progress on emissions-related goals.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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RUTLAND, Vt., Sept. 03, 2026 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling and resource management services company in the Eastern United States, and Waga Energy (EPA: WAGA), a global expert in the production of Renewable Natural Gas (“RNG”) from landfills, announced the start of operations of the RNG production facility at the McKean Landfill in Mount Jewett, Pennsylvania.

The McKean facility is the third to come online this year, following the successful commissioning of facilities at the Chemung County Landfill and the Hyland Landfill. Together, the three projects complete the partnership agreement signed in 2023.

“Bringing this facility online at our McKean landfill is another important step in our efforts to recover more value from the materials we manage,” said Ned Coletta, President and CEO of Casella Waste Systems, Inc. “Our partnership with Waga Energy has always been focused on collaborating to leverage each other’s strengths, and it’s extremely gratifying to see the third facility come online and producing as anticipated.”

The facility uses Waga Energy's patented WAGABOX® technology to upgrade landfill gas into pipeline-quality RNG. With 2,000 SCFM of installed processing capacity, McKean can generate up to 407,000 MMBtu (120 GWh) of renewable gas annually. Production will ramp up progressively as landfill gas volumes increase at the site.

“The commissioning of the McKean WAGABOX® unit is a strong testament to the commitment and execution capabilities of the Casella and Waga Energy teams,” said Guénaël Prince, Chief Executive Officer of Waga Energy Inc. “This project also demonstrates the strength of a partnership model that creates long-term value for both partners by transforming landfill gas into a reliable source of renewable energy.”

The RNG produced on-site is injected directly into the National Fuel Gas network, supplying the region with a renewable alternative to fossil natural gas. The project is expected to avoid 31,000 tons of CO₂-equivalent emissions each year, according to U.S. Environmental Protection Agency standards.

Under the terms of the agreement, Waga Energy fully funded the construction of each facility and will own and operate each of them for 20 years, while Casella and Waga Energy share the revenue generated from RNG sales.

About Casella Waste Systems, Inc.

Casella Waste Systems, Inc., headquartered in Rutland, Vermont, provides resource management expertise and services to residential, commercial, municipal, institutional and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services in the eastern United States. For more information, visit www.casella.com.

About Waga Energy

Waga Energy produces competitively priced Renewable Natural Gas (RNG, also known as biomethane) by upgrading landfill gas using a patented purification technology called WAGABOX®. The RNG produced is injected directly into the gas grids that supply individuals and businesses, providing a substitute for natural fossil gas. Waga Energy currently operates 36 RNG production units in France, Spain, Canada and the USA, representing an installed capacity of more than 6.5 million MMBtu (1.9 TWh) per year. To date, Waga Energy has 19 RNG production units under construction worldwide. Each project initiated by Waga Energy contributes to the fight against global warming and helps the energy transition. Waga Energy is listed on Euronext Paris (FR0012532810 – EPA: WAGA).

Safe Harbor Statement

Certain matters discussed in this press release, including but not limited to, the statements regarding our intentions, beliefs or current expectations concerning, among other things, projections as to the anticipated benefits of the commercial agreement, the anticipated amounts of renewable natural gas to be produced and the anticipated impact of the commercial agreement and the renewable natural gas facilities on the Company’s business and future financial and operating results are "forward-looking statements". These forward-looking statements can generally be identified as such by the context of the statements, including words such as “believe,” “expect,” “anticipate,” “plan,” “may,” “would,” “intend,” “estimate,” “will,” “guidance” and other similar expressions, whether in the negative or affirmative. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industry and markets in which the Company operates and management’s beliefs and assumptions. The Company cannot guarantee that it actually will achieve the financial results, plans, intentions, expectations or guidance disclosed in the forward-looking statements made. Such forward-looking statements, and all phases of the Company’s operations, involve a number of risks and uncertainties, any one or more of which could cause actual results to differ materially from those described in its forward-looking statements.

Such risks and uncertainties include or relate to, among other things, the following: project development timelines may extend past anticipated schedules; the Company may not fully recognize the expected financial benefits from the RNG facilities due to operational challenges, gas production levels, market or economic factors outside its control which may impact revenues and costs, or for other reasons; and potential regulatory changes could adversely impact operations.

There are a number of other important risks and uncertainties that could cause the Company’s actual results to differ materially from those indicated by such forward-looking statements. These additional risks and uncertainties include, without limitation, those detailed in Item 1A. “Risk Factors” in the Company’s most recently filed Form 10-K for the fiscal year ended December 31, 2025, and in other filings that the Company may make with the Securities and Exchange Commission in the future.

The Company undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Contact Us
Casella Waste Systems, Inc.
 
  
Media Relations 
Jeff Weld
Vice President of Communications
(802) 772-2234
Investor Relations 
Henry Baby, CFA
Vice President of Investor Relations and Finance
(802) 417-3841
  
Waga Energy
 
  
Alicia Fanni
Marketing and Communications Manager
(786) 300-9545
alicia.fanni@waga-energy.com 
Laurent Barbotin
Head of PR
+33 772 771-185
laurent.barbotin@waga-energy.com
  



FAQ

What did Casella Waste Systems (CWST) announce about the McKean Landfill RNG facility?

Casella Waste Systems announced that a Renewable Natural Gas facility at the McKean Landfill in Mount Jewett, Pennsylvania has started operations. The plant is the third RNG project developed with Waga Energy under their 2023 partnership and uses WAGABOX® technology to upgrade landfill gas.

How much Renewable Natural Gas can the McKean Landfill facility for CWST and WAGA produce?

The McKean Landfill RNG facility has 2,000 SCFM of installed processing capacity and can generate up to 407,000 MMBtu (120 GWh) of renewable gas annually. Production is expected to increase progressively as landfill gas volumes at the site grow.

How many RNG projects are included in the Casella Waste Systems and Waga Energy partnership?

The partnership between Casella Waste Systems and Waga Energy covers three RNG projects. Facilities at the Chemung County Landfill and Hyland Landfill were commissioned earlier, and the McKean Landfill facility is the third and final project to come online under the 2023 agreement.

What is the environmental impact of the McKean Landfill RNG facility for CWST?

The McKean facility is expected to avoid 31,000 tons of CO₂-equivalent emissions each year, based on U.S. Environmental Protection Agency standards. The RNG replaces fossil natural gas in the National Fuel Gas network, contributing to lower greenhouse gas emissions in the region.

How is the Casella and Waga Energy RNG project at McKean Landfill financed and owned?

Under the agreement, Waga Energy fully funded construction of each RNG facility and will own and operate them for 20 years. Casella and Waga Energy share the revenue generated from the sale of Renewable Natural Gas produced at the sites.

Where is the RNG from the McKean Landfill facility injected and who benefits?

The RNG produced at the McKean Landfill is injected directly into the National Fuel Gas network. This supplies the surrounding region with a renewable alternative to fossil natural gas, benefiting local consumers and supporting the energy transition, as described by the companies.

What technology does Waga Energy use at the McKean RNG facility with Casella Waste Systems?

Waga Energy uses its patented WAGABOX® technology at the McKean facility. This technology upgrades landfill gas into pipeline-quality Renewable Natural Gas that can be directly injected into gas grids while supporting long-term value creation through landfill gas recovery.