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CWST News
CWST Events
Casella Waste Systems Receives Permit to Expand by 5.8M Cubic Yards
Casella Waste Systems announced that the New York State Department of Environmental Conservation issued a permit to expand its Hakes Construction and Demolition, C&D, Landfill located in Campbell, New York disposal area by approximately 43.3 acres. The expansion provides an estimated 5.8M cubic yards of additional disposal capacity. "We are pleased to receive this expansion permit at our Hakes facility," said Ned Coletta, President and CEO of Casella Waste Systems, Inc. "Reliable C&D disposal capacity is a critical component of New York State's solid waste infrastructure, and we take pride in providing service that we believe supports the opportunity for broader regional economic growth. This expansion positions us to serve that demand while preserving valuable capacity across our municipal solid waste landfill network."
Casella Waste Starts RNG Production Facility in Pennsylvania
Casella Waste announced the start of operations of the RNG production facility at the McKean Landfill in Mount Jewett, Pennsylvania. The McKean facility is the third to come online this year, following the successful commissioning of facilities at the Chemung County Landfill and the Hyland Landfill. Together, the three projects complete the partnership agreement signed in 2023.
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).
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."
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