Republic Svcs Stock Price, News & Analysis

Republic Services has been awarded the 2022 Organics Management Facility of the Year by the National Waste & Recycling Association for its Otay Compost Facility in Chula Vista, California. This facility, the state's first fully solar-powered compost site, processes 200 tons of organic waste daily, transforming it into nutrient-rich compost and mulch. The facility's innovative technology includes remote operations and a focus on sustainability, aiding customers in achieving their environmental goals. Republic Services aims to increase material recovery by 40% by 2030.

Archaea Energy reported strong financial results for Q2 and the first half of 2022, with revenues of $77.2 million and net income of $32.6 million for Q2. For the six months, revenues reached $134.1 million but net income was slightly negative at $0.5 million. The company increased its full-year Adjusted EBITDA guidance to $132.5 million - $147.5 million and capital expenditures to $325 million - $365 million. Recent strategic moves include the acquisition of INGENCO and the formation of a joint venture with Republic Services, aiming to boost their renewable natural gas production.

Republic Services reported strong Q2 2022 results with a total revenue growth of 21.4%, driven by 11.1% organic growth and 10.3% from acquisitions, including US Ecology. Net income reached $371.9 million or $1.17 per diluted share, up from $331.1 million a year prior. Adjusted EPS increased 21.1% to $1.32. Cash flow from operations was $1,563 million for the first half, with a raised full-year EPS forecast of $4.77 to $4.80. The company also announced an 8% dividend increase, highlighting robust performance amidst cost inflation.

Republic Services (NYSE: RSG) has released its 2021 Sustainability Report, marking significant progress in its sustainability initiatives aimed at decarbonization and circularity. Key achievements include a 9% reduction in operational greenhouse gas emissions, nearing its 10% reduction target by 2025. The report also highlights the development of the nation's first integrated plastics recycling facility and a joint venture for 39 landfill renewable natural gas projects. These efforts underscore the company's commitment to sustainability while fostering growth and innovation.

Republic Services (NYSE: RSG) will release its Q2 2022 financial results on August 4, 2022, post-market. The company will host an investor conference call at 5 p.m. ET. Participants can register for the call or listen via the Company's Investor Relations page. A replay will be accessible until August 11, 2022. Republic Services is a leader in the U.S. environmental services industry, providing sustainable service offerings.

Republic Services (NYSE: RSG) achieved a remarkable feat by winning all National Waste & Recycling Association Driver of the Year awards for the second consecutive year. The awards recognize outstanding driver safety and performance, with Frank Epps, Jason Tavares, Kevin Johnston, and Richard Denshuick representing excellence from their respective regions. This accomplishment underscores the company’s commitment to safety and sustainability, as part of its ambitious goals to reduce incident rates and ensure zero fatalities. Republic Services continues to lead in the U.S. environmental services industry.

Archaea Energy Inc. (NYSE: LFG) reported preliminary Q1 2022 results, posting revenues of $56.9 million and a net loss of $33.2 million. The company increased its estimated long-term annual earnings power by 50% to approximately $600 million, attributed to adding 53 RNG development projects to its backlog. Key strategic moves include the $215 million acquisition of INGENCO, adding 14 LFGTE plants, and a landmark joint venture with Republic Services (NYSE: RSG) to invest $1.1 billion in developing 39 RNG facilities.