Republic Services — Feb 17, 2026 release

Adjusted Free Cash Flow Our anticipated adjusted free cash flow for the year ending December 31, 2026, which is not a measure determined in accordance with U.S. GAAP, is calculated as follows: (Anticipated) Year Ending December 31, 2026 Cash provided by operating activities $ 4,460 - 4,540 Property and equipment received (1,970) - (2,010) Proceeds from sales of property and equipment 10  Restructuring payments, net of tax 20  Adjusted free cash flow $ 2,520 - 2,560 We believe that presenting adjusted free cash flow provides useful information regarding our recurring cash provided by operating activities after certain expenditures or recoveries. It also demonstrates our ability to execute our financial strategy and is a key metric we use to determine compensation. The presentation of adjusted free cash flow has material limitations. Adjusted free cash flow does not represent our cash flow available for discretionary payments because it excludes certain payments that are required or to which we have committed, such as debt service requirements and dividend payments. Our definition of adjusted free cash flow may not be comparable to similarly titled measures presented by other companies. Our financial guidance is based on current economic conditions. INFORMATION REGARDING FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking information about us that is intended to be covered by the safe harbor for “forward-looking statements” provided by the P