Casella Waste Systems Inc

New York's Department of Environmental Conservation approved a permit allowing Casella Waste Systems to expand the Hakes Construction and Demolition landfill in Campbell by about 43.3 acres, adding an estimated 5.8 million cubic yards of disposal capacity. The approval also covers 21.7 acres of soil borrow area and upgraded leachate and gas systems, materially increasing Casella's permitted footprint for construction and demolition waste. The expansion sits alongside Casella's 6 August 2026 guidance update, in which management raised 2026 revenue expectations to US$2.090 billion to US$2.110 billion while cutting net income guidance to US$0 to US$6 million on higher acquisition activity and fuel cost recovery dynamics. Casella's narrative projects $2.5 billion revenue and $92.3 million earnings by 2029, requiring 9.2% yearly revenue growth and about a $86.6 million earnings increase from $5.7 million today, with forecasts yielding a $111.00 fair value, a 34% upside to its current price.

Casella Waste Systems and Waga Energy have started operations at their renewable natural gas facility at the Hyland Landfill in Angelica, New York. The facility uses Waga Energy's WAGABOX technology to upgrade landfill gas into pipeline-quality RNG, with an installed processing capacity of 3,000 SCFM that can generate up to 610,000 MMBtu of renewable gas annually. It is the second of three RNG projects developed by the two companies to enter operation, following the Chemung County facility. The RNG is injected into the Eastern Gas Transmission and Storage network and is expected to avoid 47,000 tons of CO₂-equivalent emissions each year. Under the agreement, Waga Energy funded construction and will own and operate the facility for 20 years, with both companies sharing revenue from RNG sales.

Casella Waste Systems announced that Damian Ribar will join as Executive Vice President and Chief Operating Officer effective July 20, 2026, and Shelley Sayward has been promoted from Senior Vice President and General Counsel to Executive Vice President and General Counsel. Ribar, who has more than 30 years of solid waste industry experience, most recently served as Division Vice President of North Florida at Waste Connections, overseeing more than 30 operating locations. Sayward has been with Casella since 2008 and has served as Senior Vice President and General Counsel since January 2021, overseeing legal, governmental affairs, engineering, permitting, compliance, and risk management. CEO Ned Coletta said the appointments underscore the depth and strength of the executive leadership team and position the company to continue executing its long-term growth strategy.

StockStory identifies Casella Waste Systems as a cash-producing stock to watch this week, while recommending selling Bentley Systems and Clorox. Casella, with a trailing 12-month free cash flow margin of 9.7%, posted annual revenue growth of 18.2% over the past two years and earnings per share growth of 24.2% annually, with forecasted revenue growth of 13% for the next 12 months. Bentley Systems, despite a 31.6% free cash flow margin, saw average annual recurring revenue growth of only 12.8% and estimated sales growth of 11.9%, with no operating margin improvement. Clorox, with a 5.6% free cash flow margin, experienced a 1.9% annual sales decline over three years and a 5.8 percentage point drop in free cash flow margin, trading at 15.9 times forward price-to-earnings.