Clean Harbors (NYSE:CLH) Announces Quarterly Earnings Results, Beats Expectations By $0.41 EPS

Posted by Geri Gentry on Jul 30th, 2026

Clean Harbors (NYSE:CLH – Get Free Report) posted its quarterly earnings results on Wednesday. The business services provider reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.41, FiscalAI reports. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.Clean Harbors’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the company posted $2.36 earnings per share.

Here are the key takeaways from Clean Harbors’ conference call:

Record Q2 performance: Revenue rose 12% to $1.74 billion, adjusted EBITDA increased 22% to $409 million, and the 23.6% margin was the highest in company history. Management cited strength in both Environmental Services and Safety-Kleen Sustainability Solutions.
2026 guidance was raised substantially: Adjusted EBITDA guidance increased by $110 million at the midpoint to $1.38 billion, implying approximately 18% growth, while adjusted free cash flow guidance rose to $550 million.
Clean Harbors won a 10-year manufacturing waste-disposal contract valued at approximately $600 million, expected to ramp toward an $80 million-$100 million annual revenue run rate by 2030. Management views the agreement as evidence of reshoring-driven demand and customers’ preference for integrated waste providers.
The company is expanding into data-center services, with work already secured at 10 sites and a target of approximately $200 million in annual revenue by 2028. It plans to invest $50 million over three years in specialty equipment, tankage, and vehicles to support the opportunity.
Safety-Kleen Sustainability Solutions delivered a sharp rebound, including a 143% increase in adjusted EBITDA, as lubricant shortages lifted base-oil pricing and demand. Management expects favorable conditions to continue into Q3 but anticipates pricing to decline in Q4, underscoring the segment’s ongoing cyclicality.

Clean Harbors Trading Down 2.2%

Shares of Clean Harbors stock opened at $319.17 on Thursday. The firm has a 50-day moving average of $294.41 and a 200-day moving average of $288.07. The stock has a market cap of $16.87 billion, a PE ratio of 43.24, a PEG ratio of 2.19 and a beta of 0.86. Clean Harbors has a 52-week low of $201.34 and a 52-week high of $335.94. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.99 and a current ratio of 2.34.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CLH shares. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $375.00 price objective on shares of Clean Harbors in a research report on Thursday. Weiss Ratings reissued a “hold (c+)” rating on shares of Clean Harbors in a report on Tuesday, July 7th. Oppenheimer restated an “outperform” rating and issued a $350.00 price target on shares of Clean Harbors in a research note on Thursday. Wells Fargo & Company raised their price target on Clean Harbors from $309.00 to $313.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Finally, Needham & Company LLC lifted their price objective on shares of Clean Harbors from $325.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $343.86.

Get Our Latest Analysis on Clean Harbors

Insider Buying and Selling

In other Clean Harbors news, Director Lauren States sold 789 shares of Clean Harbors stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the sale, the director owned 11,359 shares in the company, valued at $3,250,832.21. The trade was a 6.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

A number of hedge funds have recently added to or reduced their stakes in the stock. State Street Corp lifted its position in shares of Clean Harbors by 0.8% during the 3rd quarter. State Street Corp now owns 1,515,621 shares of the business services provider’s stock valued at $351,958,000 after acquiring an additional 12,452 shares during the period. First Trust Advisors LP raised its position in Clean Harbors by 8.6% during the fourth quarter. First Trust Advisors LP now owns 707,994 shares of the business services provider’s stock valued at $166,010,000 after purchasing an additional 56,309 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Clean Harbors by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 619,612 shares of the business services provider’s stock worth $145,297,000 after buying an additional 4,768 shares in the last quarter. Durable Capital Partners LP bought a new position in shares of Clean Harbors in the third quarter worth about $133,217,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Clean Harbors by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 477,440 shares of the business services provider’s stock valued at $111,950,000 after buying an additional 11,988 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Key Clean Harbors News

Here are the key news stories impacting Clean Harbors this week:

Positive Sentiment: Clean Harbors reported second-quarter earnings of $3.22 per share, up from $2.36 a year earlier and above analyst estimates ranging from $2.74 to $2.81. Revenue rose 11.9% year over year to approximately $1.74 billion, exceeding the roughly $1.64 billion consensus. Clean Harbors Announces Second-Quarter 2026 Financial Results
Positive Sentiment: Management described the quarter as a record period, citing momentum across the Environmental Services and Safety-Kleen Sustainability Solutions segments. The results suggest resilient demand for the company’s waste-management, environmental, and industrial services. Clean Harbors 2026 Q2 Results Presentation
Positive Sentiment: Analysts raised their forecasts and price targets following the earnings beat, indicating improved expectations for Clean Harbors’ future earnings. Separately, the company received a consensus analyst rating of “Moderate Buy.” Clean Harbors Analysts Boost Their Forecasts
Neutral Sentiment: Bank of America began coverage of CLH, adding another institutional research view to the stock and potentially increasing investor attention. Bank of America Begins Coverage on Clean Harbors
Negative Sentiment: Despite the strong results, valuation concerns remain. A GuruFocus analysis characterized the shares as overvalued based on its estimate of intrinsic value, which could limit further gains or increase sensitivity to weaker-than-expected results. Clean Harbors Valuation Analysis

About Clean Harbors

(Get Free Report)

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.