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Casella Waste Systems and Waga Energy Launch RNG Production Facility in New York
Casella Waste Systems and Waga Energy, a global expert in the production of renewable natural gas from landfills, announced the start of operations of the RNG production facility at the Hyland Landfill in Angelica, New York. Hyland is the second of three RNG projects developed by Casella and Waga Energy to enter operation, following the Chemung County facility. The facility uses Waga Energy's patented Wagabox technology to upgrade landfill gas into pipeline-quality RNG. With 3,000 SCFM of installed processing capacity, Hyland can generate up to 610,000 MMBtu of renewable gas annually, making it one of the largest RNG production units in Waga Energy's U.S. portfolio. The RNG produced on-site is injected directly into the Eastern Gas Transmission and Storage network. The project is expected to avoid 47,000 tons of CO2-equivalent emissions each year. Under the terms of the agreement, Waga Energy deployed the capital required to fully fund the construction of the facility and will own and operate it for 20 years, while Casella and Waga Energy share the revenue generated from RNG sales. The Hyland project is expected to qualify for incentives under the U.S. Inflation Reduction Act.
Casella Waste Appoints Damian Ribar as COO
Casella Waste (CWST) announced that Damian Ribar will join its executive leadership team as executive VP and COO, effective July 20. As executive VP and COO, Ribar will oversee the company's operations and partner with the executive leadership team to execute Casella's long-term growth strategy. Prior to joining Casella, Ribar served as division VP of North Florida at Waste Connections (WCN).
Casella Waste Systems Q1 Revenue at $457.32M
Reports Q1 revenue $457.32M, consensus $452.4M. "We are pleased with our strong start to the year as our execution delivered solid financial and operating performance in the quarter," said Ned Coletta, President and CEO of Casella Waste Systems, Inc. "In addition, we have closed four acquisitions to date in 2026 as we continue to grow the business through our disciplined acquisition strategy. This early success provides momentum for the remainder of the year."
Company Raises FY26 Adjusted EBITDA Outlook to $473M-$483M
Consensus $2.07B. Raises FY26 adjusted EBITDA view to $473M-$483M. Raises FY26 adjusted free cash flow view to $200M-$210M from $195M-$205M. "Given the strong start to the year and early execution against our acquisition growth plan, we are updating our guidance ranges," Coletta said. "The increase in our guidance ranges for revenue, Adjusted EBITDA and Adjusted Free Cash Flow reflects acquisitions closed to date and our confidence in the base business, and as stated earlier, we are highly confident that our mature fuel recovery fee program will effectively offset increased fuel costs."
Casella Waste Systems Appoints Christopher Rains as Chief Revenue Officer
Casella Waste Systems announced that Christopher Rains has joined its executive leadership team as Senior Vice President and Chief Revenue Officer. Prior to joining Casella, Mr. Rains served as Chief Commercial Officer and Head of Sales Excellence at Hidden Harbor Capital Partners, where he led revenue growth initiatives across more than 20 portfolio companies and implemented scalable sales processes to enhance commercial performance.
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