GFL Environmental Q2 2026: Revenue Beat Overshadowed by $98M FX Loss
As seen on the 24/7 Wall St. homepage on July 29, 2026.
GFL beat revenue by 2.2% with $1.95 billion in sales driven by 6.1% pricing power, but earnings tumbled 29% below expectations to $0.19 per share after a $98 million foreign exchange loss swung sharply from a $266 million gain a year ago. The waste giant is raising full-year guidance again and fielding unsolicited take-private interest from multiple parties.
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GFL Environmental posted $1.95 billion in Q2 2026 revenue, beating estimates by about 2.2%, with 6.1% pricing power doing much of the heavy lifting. The top-line strength, however, was largely eclipsed by a $98 million foreign exchange loss that slammed the bottom line — a brutal reversal from the $266 million FX gain the company recorded in the same quarter a year ago. That swing alone explains why earnings per share came in at $0.19, nearly 29% below the $0.2685 Wall Street had expected.
The earnings miss fits an uneven recent pattern for GFL. The company badly missed in Q1 2025 and Q1 2026, yet delivered a blowout beat in Q4 2025 when it reported $0.36 against a $0.19 estimate. The volatility in quarterly EPS reflects how significantly one-time items — particularly currency moves — can distort results for a company that operates across both the U.S. and Canada.
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Despite the headline earnings shortfall, management is raising full-year guidance again, signaling confidence in the underlying waste-collection business. Adding another layer of interest for investors, GFL disclosed it is fielding unsolicited take-private interest from multiple parties, a development that could meaningfully affect the stock's trajectory in the months ahead.
Mentioned: GFL