GFL Environmental (GFL) Company Report

Analyst Coverage

Research analysts who have asked questions during GFL Environmental earnings calls.

Kevin Chiang

CIBC Capital Markets

6 questions for GFL

Also covers: CAE, CNI, CP +5 more

Sabahat Khan

RBC Capital Markets

6 questions for GFL

Also covers: ACM, ATS, DOOO +9 more

Stephanie Moore

Jefferies

6 questions for GFL

Also covers: APG, ARCB, ARMK +30 more

Tobey Sommer

Truist Securities, Inc.

6 questions for GFL

Also covers: AMN, AMTM, ASGN +26 more

Chris Murray

ATB Capital Markets

5 questions for GFL

Also covers: STN, WCN

James Schumm

TD Cowen

5 questions for GFL

Also covers: CLH, CWST, HLX +5 more

Konark Gupta

Scotiabank

5 questions for GFL

Also covers: CAE, CNI, CP +4 more

Bryan Burgmeier

Citigroup Inc.

3 questions for GFL

Also covers: AVY, OI, RSG +4 more

Jerry Revich

Goldman Sachs Group Inc.

3 questions for GFL

Also covers: AGCO, ALSN, ATMU +28 more

Michael Doumet

National Bank Financial

3 questions for GFL

Also covers: NTR, WCN

Patrick Brown

Raymond James

3 questions for GFL

Also covers: BLX, CLH, CWST +8 more

Brian Butler

Stifel, Nicolaus & Company, Incorporated

2 questions for GFL

Also covers: CLH, CWST, GEF +8 more

Devin Dodge

BMO Capital Markets Corp.

2 questions for GFL

Also covers: BBU, BIP, NVRI +2 more

Rupert Merer

National Bank Financial, Inc.

2 questions for GFL

Also covers: AQN, BEP, BEPC +2 more

Shlomo Rosenbaum

Stifel, Nicolaus & Company, Incorporated

2 questions for GFL

Also covers: ARMK, CCCS, CLVT +15 more

Trevor Romeo

William Blair

2 questions for GFL

Also covers: AMN, ASGN, CCRN +9 more

Will Grippin

Barclays

2 questions for GFL

Also covers: VLTO

Jon Windham

UBS Group AG

1 question for GFL

Also covers: ARRY, BEP, BEPC +4 more

Ryan Bonomi

Citi

1 question for GFL

Tami Zakaria

JPMorgan Chase & Co.

1 question for GFL

Also covers: ADM, AGCO, ALSN +23 more

Latest news

Recent press releases and 8-K filings for GFL.

GFL Environmental Inc. Relocates Headquarters to U.S.

GFL

New Projects/Investments

Delisting/Listing Issues

GFL Environmental Inc. relocated its executive headquarters from Vaughan, Ontario, Canada to Miami Beach, Florida on January 21, 2026.
The relocation aims to broaden GFL's shareholder base by enabling eligibility for inclusion in major U.S. equity indices, while preserving eligibility for Canadian indices.
The company's jurisdiction of incorporation will remain Ontario, Canada.
The U.S. currently accounts for over two thirds of GFL's revenue, with more than half generated in the fast-growing Southeastern region, aligning the relocation with its expanding market presence.

Jan 21, 2026, 11:12 AM

6-K

GFL Environmental Relocates Executive Headquarters to U.S.

GFL

New Projects/Investments

GFL Environmental Inc. relocated its executive headquarters from Vaughan, Ontario to Miami Beach, Florida on January 21, 2026. The company's jurisdiction of incorporation will remain Ontario, Canada.
The relocation is intended to broaden GFL's shareholder base by making it eligible for inclusion in major U.S. equity indices, while maintaining its eligibility for Canadian indices.
This strategic move aligns with the fact that the United States now represents over two-thirds of GFL's revenue and is expected to improve the company's ability to attract highly skilled talent from the U.S. labor pool.

Jan 21, 2026, 11:02 AM

Press Release

GFL Environmental Inc. Completes Senior Notes Offering

GFL

Debt Issuance

On January 16, 2026, GFL Environmental Inc. completed an offering of US$1,000.0 million in aggregate principal amount of 5.500% Senior Notes due 2034.
The Notes were issued by its wholly-owned subsidiary, GFL Environmental Holdings (US), Inc., with GFL Environmental Inc. acting as guarantor.
The maturity date for these Notes is February 1, 2034, with interest payments scheduled for February 1 and August 1, commencing August 1, 2026.

Jan 16, 2026, 9:07 PM

6-K

GFL Environmental Inc. Prices US$1 Billion Senior Notes Offering

GFL

Debt Issuance

Guidance Update

GFL Environmental Inc. priced a US$1 billion private offering of 5.500% senior notes due 2034 on January 13, 2026.
The proceeds from the offering will be used to repay amounts drawn on its revolving credit facility and for general corporate purposes, aiming to maximize liquidity for its 2026 growth strategy.
The company expects the offering to have an immaterial impact on its borrowing rate and to be leverage neutral, consistent with its commitment to maintain leverage in the low-to-mid 3.0x range.

Jan 13, 2026, 10:46 PM

6-K

GFL Environmental Prices US$1 Billion Senior Notes

GFL

Debt Issuance

New Projects/Investments

Guidance Update

GFL Environmental Inc. (GFL) announced the pricing of US$1 billion in 5.500% senior notes due 2034 on January 13, 2026.
The company intends to use the proceeds from the Notes Offering to repay amounts drawn on its revolving credit facility and for general corporate purposes.
GFL expects the Notes Offering to have an immaterial impact on its borrowing rate and to be leverage neutral, aligning with its commitment to maintain leverage in the low-to-mid 3.0x range.

Jan 13, 2026, 10:42 PM

Press Release

GFL Environmental Inc. Announces Proposed Private Offering of Senior Notes

GFL

Debt Issuance

New Projects/Investments

GFL Environmental Inc. announced a private offering of US$1 billion in aggregate principal amount of senior notes due 2034.
The company intends to use the proceeds to repay amounts drawn on its revolving credit facility and for general corporate purposes.
The offering is expected to maximize available liquidity for its growth strategy in 2026 and beyond, with an immaterial impact on borrowing rate and remaining leverage neutral in the low-to-mid 3.0x range.

Jan 13, 2026, 1:55 PM

6-K

GFL Environmental Announces Proposed Private Offering of Senior Notes

GFL

Debt Issuance

New Projects/Investments

GFL Environmental Inc. is planning to commence a private offering of US$1 billion in aggregate principal amount of senior notes due 2034.
The company intends to use the proceeds from the Notes Offering to repay amounts drawn on its revolving credit facility and for general corporate purposes, aiming to maximize available liquidity for its growth strategy in 2026 and beyond.
The offering is expected to have an immaterial impact on the Company's borrowing rate and be leverage neutral, consistent with GFL's commitment to maintain leverage in the low-to-mid 3.0x range.

Jan 13, 2026, 1:51 PM

Press Release

GFL Environmental Inc. Announces Public Offering of Subordinate Voting Shares

GFL

GFL Environmental Inc. announced a public offering of 16,611,295 subordinate voting shares by selling shareholders.
The shares are being sold to underwriters at a purchase price of US $44.93 per share.
The underwriting agreement was dated November 20, 2025, with the closing date for delivery and payment scheduled for November 26, 2025.
A 60-day lock-up period applies to the selling shareholders, commencing from the underwriting agreement date.

Nov 24, 2025, 10:05 PM

6-K

GFL Environmental Announces Pricing of Secondary Offering and Share Repurchase

GFL

Share Buyback

GFL Environmental Inc. announced the pricing of a secondary offering of 16,611,295 subordinate voting shares by selling shareholders at US$45.15 per Share.
The selling shareholders include BCEC-GFL Borrower (Cayman) LP, Ontario Teachers' Pension Plan Board, GFL Borrower II (Cayman) LP, and entities affiliated with HPS Investment Partners, LLC.
Concurrently, GFL agreed to purchase for cancellation 1,275,000 Shares from RBC Dominion Securities Inc. under the offering.
This Secondary Offering Purchase was unanimously approved by GFL's board of directors, based on a recommendation from a special committee of independent directors.

Nov 21, 2025, 11:45 AM

Press Release

GFL Environmental Inc. Reports Q3 2025 Results with Revenue Growth and Significant Divestiture Proceeds

GFL

Earnings

M&A

Share Buyback

GFL Environmental Inc. reported revenue of $1,694.2 million for the three months ended September 30, 2025, an increase of 9.0% compared to the same period in 2024.
Adjusted EBITDA for Q3 2025 was $535.1 million, representing a 12.0% increase from Q3 2024.
Net income attributable to GFL Environmental Inc. for Q3 2025 was $114.3 million, with diluted income per share of $0.28. For the nine months ended September 30, 2025, net income attributable to GFL was $3,800.2 million, and diluted income per share was $9.87.
The company completed the divestiture of GFL Environmental Services on March 1, 2025, at an enterprise value of $8.0 billion, contributing to a $5,747.6 million increase in proceeds from divestitures in cash flows from investing activities for the nine months ended September 30, 2025.
GFL repurchased 5,132,657 subordinate voting shares during the three months ended September 30, 2025, and 16,221,573 shares during the nine months ended September 30, 2025, under its Normal Course Issuer Bid.