Clean Harbors (CLH) Q2 2026: A 14.6% EPS Beat Fueled by Re-Refining Surge
As seen on the 24/7 Wall St. homepage on July 29, 2026.
Clean Harbors smashed Q2 earnings with a 14.6% EPS beat as its re-refining segment posted a jaw-dropping 143% jump in adjusted EBITDA, buoyed by global supply disruptions spiking refined product pricing. The company raised full-year guidance by $110 million and locked a $600 million long-term disposal contract.
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Clean Harbors reported Q2 2026 earnings per share of $3.22, clearing the $2.81 analyst estimate by 14.6% — the strongest beat in at least the past eight quarters of data. Revenue also topped expectations, coming in at roughly $1.74 billion against a consensus of about $1.64 billion, a beat of more than 5%. The standout driver was the company's re-refining segment, where adjusted EBITDA surged 143%, propelled by global supply disruptions that pushed refined product pricing sharply higher.
That re-refining windfall gave management enough confidence to raise full-year guidance by $110 million, a meaningful upward revision that signals the pricing tailwind is expected to persist rather than fade quickly. The quarter also included a significant business development win: a $600 million long-term disposal contract that adds durable, recurring revenue to the backlog and reduces dependence on spot-market conditions.
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Putting the Q2 result in historical context, CLH had missed estimates in Q3 2025 with a $2.21 reported EPS against a $2.39 consensus, making this quarter's decisive beat a notable turnaround in execution. Investors will likely focus on whether re-refining margins can hold at elevated levels and how quickly the new disposal contract begins contributing to results.
Mentioned: CLH