GFL Environmental Inc. Subordinate Voting Shares - GFL STOCK NEWS

GFL Environmental Inc. (GFL) announced a Consent Judgment with EGLE to address issues related to odor complaints at its Arbor Hills Landfill. Though the complaints predate GFL's acquisition, the company agreed to implement best odor management practices. GFL will undertake three environmental projects: a household hazardous waste drop-off program, a perimeter emissions monitoring system, and a vegetative barrier installation. This commitment aligns with GFL’s ongoing investment in landfill improvements, including a renewable natural gas facility aimed at converting landfill gas to renewable energy.

GFL Environmental Inc. (NYSE: GFL, TSX: GFL) filed its annual report on Form 40-F with the U.S. SEC and Canadian securities regulators, including audited consolidated financial statements for the year ending December 31, 2021. Available on GFL's investor website, the report reflects the company's status as North America's fourth largest diversified environmental services firm, employing over 18,000 personnel. Shareholders can request hard copies of the complete financial statements at no charge.

GFL Environmental reported a strong performance for Q4 2021 and the full year, with revenue increasing by 24.6% to $1.54 billion in Q4 and by 31.7% to $5.53 billion for the year. Adjusted EBITDA rose by 24.8% to $388.3 million in Q4 and by 35.9% to $1.46 billion annually. However, the company faced a net loss of $77.4 million in Q4 and $606.8 million for the year. GFL's 2022 guidance anticipates revenue between $6.27 and $6.37 billion, with adjusted EBITDA between $1.69 and $1.73 billion. Notably, GFL plans to divest its infrastructure services division for enhanced strategic focus.

GFL Environmental Inc. (NYSE: GFL) has announced it will release its fourth quarter and full year 2021 financial results and provide a 2022 outlook after market close on February 9, 2022. An investor conference call will occur on February 10, 2022, at 8:30 am Eastern Time. GFL, headquartered in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America, employing over 18,000 people and offering a range of waste management services across Canada and more than half of the U.S.

The Board of Directors of GFL Environmental has declared a cash dividend of US$0.011 per share for the fourth quarter of 2021. This dividend will be paid on January 31, 2022, to shareholders on record as of January 18, 2022. Designated as an eligible dividend under the Income Tax Act of Canada, GFL is the fourth largest diversified environmental services provider in North America, employing over 18,000 people.

OPAL Fuels has announced a 50/50 joint venture with GFL Renewables to develop renewable natural gas (RNG) production facilities in the U.S. The projects will capture methane emissions from GFL's landfills, converting them into RNG for heavy-duty trucking. The Michigan facility aims to produce 2 million MMBtu annually, while the North Carolina site will generate over 1 million MMBtu per year. The Michigan project is set for early 2023 operations, continuing OPAL's commitment to sustainable energy and reducing carbon emissions.

GFL Environmental announced a joint venture with OPAL Fuels to develop renewable natural gas (RNG) facilities at Arbor Hills Landfill in Michigan and Sampson County Landfill in North Carolina. Both projects will convert methane gas from landfill systems into pipeline-quality RNG. The Arbor Hills project aims to produce 2 million MMBtu annually, with operations set to start by Q1 2023. The Sampson project expects to produce 1 million MMBtu, commencing operations by Q2 2023. GFL's investment totals approximately US$70 million, potentially generating annual cash flow of US$40-45 million.

GFL Environmental Inc. (NYSE: GFL) is facing a challenge from the Canadian Commissioner of Competition regarding its acquisition of Terrapure Environmental Ltd., closed on August 17, 2021. The application specifically targets seven locations in Western Canada, which generate annual revenues of approximately $30 million. GFL is committed to cooperating with the Competition Bureau to address this issue.

GFL Environmental Inc. announced a secondary offering of 12,658,228 subordinate voting shares by certain shareholders. The company will not receive any proceeds from this offering, which will be managed by J.P. Morgan as the underwriter. The shares will be offered across Canada via a prospectus supplement. GFL has filed a registration statement on Form F-10 with the SEC and will provide necessary documents for prospective investors. The company emphasizes that the offering is subject to customary closing conditions and various risks affecting its completion.