11:02 AM EST, 01/03/2025 (MT Newswires) -- Industry publication Waste Dive reported on Jan. 2 that Waste Connections ( WCN ) has stopped accepting waste at its Chiquita Canyon landfill in California, after years of regulatory/legal actions affecting operations at the site.

RBC notes that the site was the second largest active landfill in the county, handling ~34% of disposal volumes in the region in 2023.

Analyst Sabahat Khan views Waste Connection's decision to close the landfill given the prospect of negative FCF over the coming years as sensible. He also believes the closure of the landfill will not be material to the company's financial results. Waste Connections ( WCN ) has already begun collaborating with local haulers to redirect waste to another Waste Connections ( WCN ) landfill. Fourth-quarter results are likely to reflect an asset impairment (non-cash) for the closure.

Waste Connections ( WCN ) is rated Outperform, with a US$201 target.

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