Welcome to our dedicated page for Gfl Environmental news (Ticker: GFL), a resource for investors and traders seeking the latest updates and insights on Gfl Environmental stock.
GFL Environmental Inc. provides environmental services in North America, with operations centered on non-hazardous solid waste collection, transfer, recycling and disposal. Its Environmental Services activities include liquid waste management and soil remediation, alongside a solid waste platform serving Canadian and U.S. markets.
Company news commonly covers operating results and guidance, acquisition activity that expands or densifies local waste-service networks, dividend declarations, share repurchase programs, capital-structure updates and shareholder governance matters. Recent corporate updates also include completed solid waste acquisitions such as Frontier Waste Solutions in Texas.
GFL Environmental Inc. (NYSE: GFL, TSX: GFL) filed its annual report on Form 40-F with the U.S. SEC and Canadian securities regulators, including audited consolidated financial statements for the year ending December 31, 2021. Available on GFL's investor website, the report reflects the company's status as North America's fourth largest diversified environmental services firm, employing over 18,000 personnel. Shareholders can request hard copies of the complete financial statements at no charge.
GFL Environmental reported a strong performance for Q4 2021 and the full year, with revenue increasing by 24.6% to $1.54 billion in Q4 and by 31.7% to $5.53 billion for the year. Adjusted EBITDA rose by 24.8% to $388.3 million in Q4 and by 35.9% to $1.46 billion annually. However, the company faced a net loss of $77.4 million in Q4 and $606.8 million for the year. GFL's 2022 guidance anticipates revenue between $6.27 and $6.37 billion, with adjusted EBITDA between $1.69 and $1.73 billion. Notably, GFL plans to divest its infrastructure services division for enhanced strategic focus.
GFL Environmental Inc. (NYSE: GFL) has announced it will release its fourth quarter and full year 2021 financial results and provide a 2022 outlook after market close on February 9, 2022. An investor conference call will occur on February 10, 2022, at 8:30 am Eastern Time. GFL, headquartered in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America, employing over 18,000 people and offering a range of waste management services across Canada and more than half of the U.S.
The Board of Directors of GFL Environmental has declared a cash dividend of US$0.011 per share for the fourth quarter of 2021. This dividend will be paid on January 31, 2022, to shareholders on record as of January 18, 2022. Designated as an eligible dividend under the Income Tax Act of Canada, GFL is the fourth largest diversified environmental services provider in North America, employing over 18,000 people.
OPAL Fuels has announced a 50/50 joint venture with GFL Renewables to develop renewable natural gas (RNG) production facilities in the U.S. The projects will capture methane emissions from GFL's landfills, converting them into RNG for heavy-duty trucking. The Michigan facility aims to produce 2 million MMBtu annually, while the North Carolina site will generate over 1 million MMBtu per year. The Michigan project is set for early 2023 operations, continuing OPAL's commitment to sustainable energy and reducing carbon emissions.
GFL Environmental announced a joint venture with OPAL Fuels to develop renewable natural gas (RNG) facilities at Arbor Hills Landfill in Michigan and Sampson County Landfill in North Carolina. Both projects will convert methane gas from landfill systems into pipeline-quality RNG. The Arbor Hills project aims to produce 2 million MMBtu annually, with operations set to start by Q1 2023. The Sampson project expects to produce 1 million MMBtu, commencing operations by Q2 2023. GFL's investment totals approximately US$70 million, potentially generating annual cash flow of US$40-45 million.
GFL Environmental Inc. (NYSE: GFL) is facing a challenge from the Canadian Commissioner of Competition regarding its acquisition of Terrapure Environmental Ltd., closed on August 17, 2021. The application specifically targets seven locations in Western Canada, which generate annual revenues of approximately $30 million. GFL is committed to cooperating with the Competition Bureau to address this issue.
GFL Environmental Inc. announced a secondary offering of 12,658,228 subordinate voting shares by certain shareholders. The company will not receive any proceeds from this offering, which will be managed by J.P. Morgan as the underwriter. The shares will be offered across Canada via a prospectus supplement. GFL has filed a registration statement on Form F-10 with the SEC and will provide necessary documents for prospective investors. The company emphasizes that the offering is subject to customary closing conditions and various risks affecting its completion.
GFL Environmental reported a 43.3% revenue increase to $1,485.1 million for Q3 2021, driven by organic growth and acquisitions. Adjusted EBITDA rose 47.9% to $415.8 million, with a margin of 28.0%. Despite this, the company faced a net loss of $245.2 million, worsening from $114.7 million in Q3 2020. Year-to-date, GFL completed 37 acquisitions valued at approximately $735 million in annualized revenue. The company updated its full-year guidance, expecting revenue between $5,390 million and $5,410 million.
The Board of Directors of GFL Environmental announced a cash dividend of US$0.011 per subordinate and multiple voting share for Q3 2021. This dividend is scheduled for payment on October 29, 2021, to shareholders on record as of October 18, 2021. GFL has classified this as an eligible dividend under the Canadian Income Tax Act. Headquartered in Vaughan, Ontario, GFL ranks as the fourth largest diversified environmental services company in North America, employing over 17,000 people across Canada and the U.S.