GFL Environmental Reports Q1 Loss Despite Revenue Growth

GFL Environmental Inc. (GFL) has reported a challenging start to the 2026 fiscal year, swinging to a significant net loss in its first-quarter financial results for the period ending March 31, 2026. The waste management and environmental services firm reported a net loss attributable to the company of $215.7 million. This represents a stark contrast to the same quarter in the prior year, during which the company recorded a substantial net income of $3.41 billion. On the top line, GFL demonstrated resilience in its core business operations. Revenue climbed to $1.64 billion, up from $1.56 billion a year earlier, indicating steady growth in service demand. However, this growth was insufficient to offset the factors leading to the bottom-line decline. Earnings per share (EPS) mirrored the net loss trend, falling to a loss of $0.63 per share, compared to a gain of $8.67 per share in the prior-year period. Investors reacted negatively to the results in after-hours trading. GFL shares on the New York Stock Exchange fell by 3.50%, dropping $1.41 to trade at $38.93.