Secure Waste Infrastructure Corp.

Secure Waste Infrastructure Corp.

SECYF
Secure Waste Infrastructure Corp.US flagOther OTC
14.72
USD
-0.19
- -
3.21BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
13.85
19.05
10.09
9.12
14.3
18.02
19.2
11.5
16.08
25.84
27.86
5.58
6.59
34.61
Basic EPS, GAAP
0.36
0.26
-1.2
-0.32
-0.21
0.12
0.01
-0.54
-0.87
0.59
0.66
2.28
0.55
0.85
Free Cash Flow per Basic Share
-0.91
-0.9
0.13
0.22
-0.17
0.05
0.48
0.49
0.13
1.02
0.77
1.43
0.22
0.93
Dividend per Share
0.1
0.16
0.19
0.15
0.23
0.27
0.27
0.11
0.03
0.12
0.4
0.41
0.4
0.42
Book Value per Share
5.99
6.06
5.63
5.46
4.89
4.58
4.37
3.86
4.41
3.83
3.73
3.67
3.14
3.16
Tangible Book Value per Share
4.48
4.41
5.57
5.36
4.99
4.89
4.81
4.34
2.46
2.43
3.11
2.95
2.08
2.08
Basic Weighted Avg Shares
108
119
133
155
163
163
159
159
234
310
296
255
223
232
Sales/Revenue/Turnover
1,493
2,272
1,346
1,410
2,328
2,937
3,053
1,824
3,766
8,002
8,244
1,421
1,472
8,024
Operating Margin (%)
4.14
4.14
-2.87
-3.21
0.65
1.89
0.79
-3.78
-4.62
4.39
4.31
18.58
18.89
3.25
Depreciation Expense
67
101
126
113
119
116
132
141
173
178
203
173
188
178
Net Income, GAAP
39
31
-160
-49
-34
20
2
-85
-203
184
195
582
123
197
Effective Tax Rate (%)
29.4
40.24
- -
- -
- -
44.78
- -
- -
- -
26.98
24.12
18.37
25
2.48
Profit Margin (%)
2.61
1.35
-11.87
-3.47
-1.47
0.68
0.05
-4.66
-5.39
2.3
2.37
40.96
8.36
2.46
Working Capital
102
101
116
140
139
153
104
51
133
117
718
7
113
157
LT Debt
169
409
268
212
306
422
484
424
1,289
1,003
1,075
428
988
975
Total Equity
664
762
825
927
874
844
816
717
1,106
1,266
1,186
1,042
792
817
Return on Invested Capital (%)
5.99
5.53
- -
- -
- -
2.49
- -
- -
- -
10.86
11.75
11.35
12.53
14.8
Return on Capital (%)
6.22
3.76
- -
- -
- -
2.69
- -
- -
- -
10.74
11.63
34.42
10.81
15.11
Return on Common Equity (%)
6.99
4.48
-21.7
-6.14
-4.17
2.58
0.22
-13.02
-24.67
16.58
17.02
57.09
15.06
23.4

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
26
30
30
LT Borrowings
339
549
843
LT Finance Leases
89
132
132
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
234
231
220
Market Capitalization
4,242
3,838
3,598

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
688
629
680
Cash, Cash Equivalents & STI
26
20
31
Accounts Receivable, Net
504
446
486
Inventories
143
146
143
Total Current Liabilities
681
627
523
Payables & Accruals
567
495
471
ST Debt
26
30
30
Deferred Revenue
70
83
8

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.41%
5.25%
-23.99%
Free Cash Flow
145.84%
160.21%
-86.78%
Net Income, GAAP
-568.85%
14.75%
-78.87%
Sales/Revenue/Turnover
20.25%
28.56%
3.59%
Total Cash Common Dividend
57.5%
113.28%
-14.42%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,875
2,621
2,614
2,562
1,421
2025
379
2,469
-6,169
- -
1,472
2026
383
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.5
0.12
0.39
- -
2.28
2025
0.16
0.14
- -
- -
0.55
2026
0.16
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.1
0.09
0.1
- -
0.41
2025
0.1
0.1
- -
- -
0.4
2026
0.11
- -
- -
- -
- -

Company Description

APIChat
CEO
Allen Peter Gransch
Full Time Employees
1,817
Sector
Industrials
Industry
Waste Management
Address
225 – 6th Avenue S.W Calgary AB Canada T2P 1N2
IPO Date
Aug 3, 2012
Website
secure.ca
Business
SECURE Waste Infrastructure Corp. (TSX: SES; OTC: SECYF) operates as a leading provider of waste management and energy infrastructure services to energy, oil and gas, and industrial clients primarily in Western Canada and North Dakota, United States. Founded in 2007 and headquartered in Calgary, Alberta, the company manages an extensive network of over 80 facilities, including waste processing plants, produced water pipelines, industrial landfills, waste transfer stations, metal recycling facilities, and specialty chemicals operations; it offers collection, processing, recovery, recycling, and disposal of hazardous and non-hazardous waste streams, produced and wastewater disposal, treatment of crude oil emulsions, drilling waste management, NORM management, spill response, and oil sands solutions. Its Energy Infrastructure segment provides crude oil gathering pipelines, terminals, terminalling, storage, transportation, and optimization services. In recent developments, the company changed its name from Secure Energy Services Inc. to SECURE Waste Infrastructure Corp. effective January 1, 2025, alongside a corporate reorganization that wound up its energy partnership and consolidated non-operating entities; it executed definitive agreements for two metals recycling acquisitions totaling $175 million, expected to close in the first quarter of 2025 following regulatory approvals, and completed a $300 million senior unsecured note financing in November 2025 maturing in 2032. Previously, it divested non-core oilfield services assets acquired from Tervita Corp. in 2021, including a $1.075 billion sale to Waste Connections in early 2024, to sharpen focus on waste management and infrastructure.

Company News

APIChat
  • SECURE Waste Infrastructure Corp. (SES:CA) Q1 2026 Earnings Call Transcript

  • SECURE Waste Infrastructure Corp. (SES:CA) M&A Call Transcript

  • Stock Market Today (LIVE): Futures Rebound as Investors Shift Focus to Bank Earnings Despite U.S. Navy Blockade and Rising Crude

  • Secure Waste Infrastructure: Still Attractive Thanks To Free Cash Flow

  • SECURE Waste Infrastructure Corp. (SES:CA) Q4 2025 Earnings Call Transcript

  • Secure Energy Services (OTCMKTS:SECYF) Trading Up 0.5% – Here’s Why

  • 2 Genius Companies I Desperately Want To Own

  • SECURE Waste Infrastructure Corp. (SES:CA) Q3 2025 Earnings Call Transcript

  • SECURE WASTE INFRASTRUCTURE CORP. (SECYF) Q2 2025 Earnings Call Transcript

  • Secure Waste Infrastructure Is Still Cheap

  • SECURE Waste Infrastructure Corp. (SECYF) Q1 2025 Earnings Call Transcript

  • Secure Waste: Long-Term Thesis Remains Intact

  • Secure Energy Services Inc. (SECYF) Q4 2024 Earnings Call Transcript

  • Secure Energy Services: Underappreciated Recurring Business Model

  • Secure Energy Services Inc. (SECYF) Q3 2024 Earnings Call Transcript

  • Secure Energy Services Inc. (SECYF) Q2 2024 Earnings Call Transcript

  • Secure Energy Services: Available At A 10% Free Cash Flow Yield

  • Secure Energy Services Inc. (SECYF) Q1 2024 Earnings Call Transcript

  • Secure Energy Services, Inc. (SECYF) Q3 2023 Earnings Call Transcript

  • Secure Energy Services Inc. (SECYF) Q2 2023 Earnings Call Transcript