…
SECURE Waste Infrastructure Corp. engages in the waste management and energy infrastructure businesses primarily in Canada and the United States. The company operates through two segments: Waste Management and Energy Infrastructure. The Waste Management segment manages a network of permitted processing, recovery, and disposal infrastructure, optimizing the handling of hazardous and non-hazardous liquids, solids, emulsions, and industrial by-products, enabling recycling of metals and recovered oil, and offering compliant long-term solutions for residual waste; specialty chemical solutions are used to enhance processing efficiency and reduce waste intensity; metal recycling, drilling waste management, water disposal, and landfill disposal; and integrated network includes waste transfer stations, waste processing facilities, produced water pipelines, metals recycling, industrial landfills, generating highly recurring, infrastructure-driven cash flows supported by significant regulatory and capital barriers to entry. The Energy Infrastructure segment consists of crude oil terminals, storage facilities, and pipeline-connected infrastructure that optimize, store, and move crude oil and natural gas liquids to market, including value-added crude oil and NGL marketing and optimization activities such as buying, selling, blending, and storage. This segment also provides collection, processing, recovery, recycling and disposal of waste streams generated by its energy and industrial customers and the gathering, optimization, terminalling and storage of crude oil and natural gas liquids. The company was formerly known as Secure Energy Services Inc. and changed its name to SECURE Waste Infrastructure Corp. in January 2025. SECURE Waste Infrastructure Corp. was founded in 2007 and is headquartered in Calgary, Canada.
Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website
A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Secure Energy Services Inc. provides environmental and energy infrastructure services to the oil and gas sector in North America, including waste treatment, disposal, recycling, produced-water handling and related midstream activities. Long-term growth may be supported by rising demand for produced-water management, tighter environmental regulation and operators' focus on emissions and water efficiency, and investors may find the company attractive for its asset footprint, recurring fee-based services and scale in Canadian basins.
Key risks include sensitivity to oil and gas activity and commodity cycles, regulatory and environmental liability exposure, and execution or financing risk for capital-intensive operations.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 164.00M | 713.00M | 257.00M | 252.00M | -273.00M |
| Minority interest | - | - | - | 0.00M | 1.00M |
| Net income | 123.00M | 582.00M | 195.00M | 184.00M | -204.00M |
| Selling general administrative | 126.00M | 141.00M | 61.00M | 119.00M | 92.00M |
| Selling and marketing expenses | - | - | 75.00M | - | - |
| Gross profit | 404.00M | 405.00M | 491.00M | 493.00M | -60.00M |
| Reconciled depreciation | 188.00M | 173.00M | 203.00M | 178.00M | 173.00M |
| Ebit | 278.00M | 760.00M | 341.00M | 324.00M | -210.00M |
| Ebitda | 475.00M | 941.00M | 556.00M | 551.00M | -7.00M |
| Depreciation and amortization | 197.00M | 181.00M | 215.00M | 227.00M | 203.00M |
| Operating income | 278.00M | 264.00M | 355.00M | 324.00M | -210.00M |
| Other operating expenses | 1194.00M | 10408.00M | 7889.00M | 7651.00M | 3940.00M |
| Interest expense | 60.00M | 47.00M | 84.00M | 84.00M | 50.00M |
| Tax provision | 41.00M | 131.00M | 62.00M | 68.00M | -69.00M |
| Interest income | 60.00M | 47.00M | 76.00M | 97.00M | 62.00M |
| Net interest income | -62.00M | -47.00M | -84.00M | -87.00M | -53.00M |
| Income tax expense | 41.00M | 131.00M | 62.00M | 68.00M | -69.00M |
| Total revenue | 1472.00M | 10672.00M | 8244.00M | 8002.00M | 3766.00M |
| Total operating expenses | 126.00M | 141.00M | 136.00M | 142.00M | 114.00M |
| Cost of revenue | 1068.00M | 10267.00M | 7753.00M | 7509.00M | 3826.00M |
| Total other income expense net | -114.00M | 449.00M | -98.00M | -72.00M | -63.00M |
| Net income from continuing ops | 123.00M | 582.00M | 195.00M | 184.00M | -204.00M |
| Net income applicable to common shares | 123.00M | 582.00M | 195.00M | 184.00M | -203.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 2528.00M | 2281.00M | 2844.00M | 2840.00M | 2937.00M |
| Intangible assets | 110.00M | 87.00M | 68.00M | 163.00M | 180.00M |
| Other current assets | 13.00M | 15.00M | 14.00M | 15.00M | 11.00M |
| Total liab | 1736.00M | 1239.00M | 1658.00M | 1574.00M | 1831.00M |
| Total stockholder equity | 792.00M | 1042.00M | 1186.00M | 1266.00M | 1106.00M |
| Other current liab | 56.00M | 3.00M | 53.00M | 27.00M | 27.00M |
| Common stock | 595.00M | - | 1517.00M | 1676.00M | 1670.00M |
| Capital stock | 595.00M | 863.00M | 1517.00M | 1676.00M | 1670.00M |
| Retained earnings | 105.00M | 71.00M | -412.00M | -490.00M | -636.00M |
| Other liab | - | - | - | 112.00M | 209.00M |
| Good will | 218.00M | 204.00M | 199.00M | 351.00M | 349.00M |
| Other assets | 39.00M | - | -1.00M | 166.00M | 225.00M |
| Cash | 22.00M | 26.00M | 12.00M | 12.00M | 10.00M |
| Total current liabilities | 530.00M | 681.00M | 472.00M | 459.00M | 333.00M |
| Current deferred revenue | - | - | 18.00M | - | - |
| Net debt | 1127.00M | 313.00M | 1090.00M | 1019.00M | 1306.00M |
| Short term debt | 32.00M | - | 27.00M | 28.00M | 27.00M |
| Short long term debt total | 1149.00M | - | 1102.00M | 1031.00M | 1316.00M |
| Other stockholder equity | 29.00M | - | 54.00M | 50.00M | 48.00M |
| Property plant equipment | 1518.00M | - | - | 1584.00M | 1717.00M |
| Total current assets | 643.00M | 688.00M | 1190.00M | 576.00M | 466.00M |
| Net tangible assets | - | - | - | 752.00M | 577.00M |
| Net receivables | 452.00M | 504.00M | 357.00M | 449.00M | 345.00M |
| Long term debt | 859.00M | 339.00M | 966.00M | 919.00M | 1207.00M |
| Inventory | 156.00M | 143.00M | 144.00M | 100.00M | 100.00M |
| Accounts payable | 442.00M | 553.00M | 374.00M | 404.00M | 279.00M |
| Accumulated other comprehensive income | 92.00M | - | 27.00M | 30.00M | 24.00M |
| Non currrent assets other | 39.00M | 41.00M | 27.00M | 16.00M | 8.00M |
| Non current assets total | 1885.00M | 1593.00M | 1655.00M | 2264.00M | 2471.00M |
| Capital lease obligations | 161.00M | 115.00M | 136.00M | 112.00M | 109.00M |
| Long term debt total | 988.00M | - | - | 1003.00M | 1289.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | 954.00M | -155.00M | -58.00M | -43.00M |
| Change to liabilities | - | - | - | 0.00M | 0.00M |
| Total cashflows from investing activities | -365.00M | 954.00M | -155.00M | -58.00M | -43.00M |
| Net borrowings | 498.00M | -671.00M | 23.00M | -331.00M | 5.00M |
| Total cash from financing activities | 90.00M | -1435.00M | -272.00M | -346.00M | -26.00M |
| Change to operating activities | - | - | - | 8.00M | -102.00M |
| Net income | 123.00M | 582.00M | 195.00M | 184.00M | -204.00M |
| Change in cash | -4.00M | 14.00M | 0.00M | 2.00M | 3.00M |
| Begin period cash flow | 26.00M | 12.00M | 12.00M | 10.00M | 7.00M |
| End period cash flow | 22.00M | 26.00M | 12.00M | 12.00M | 10.00M |
| Total cash from operating activities | 273.00M | 497.00M | 430.00M | 411.00M | 74.00M |
| Depreciation | 197.00M | 181.00M | 215.00M | 178.00M | 173.00M |
| Other cashflows from investing activities | 14.00M | -17.00M | 48.00M | 38.00M | -18.00M |
| Dividends paid | 89.00M | -104.00M | -117.00M | 38.00M | 7.00M |
| Sale purchase of stock | -284.00M | -657.00M | -163.00M | -6.00M | 0.00M |
| Other cashflows from financing activities | -55.00M | -22.00M | -36.00M | 29.00M | 261.00M |
| Change to netincome | - | - | - | 28.00M | 196.00M |
| Capital expenditures | 225.00M | 134.00M | 203.00M | 96.00M | 43.00M |
| Change in working capital | -105.00M | 86.00M | -44.00M | 8.00M | -102.00M |
| Stock based compensation | 30.00M | 34.00M | 26.00M | 19.00M | 13.00M |
| Other non cash items | 58.00M | -455.00M | 4.00M | -46.00M | 263.00M |
| Free cash flow | 48.00M | 363.00M | 227.00M | 315.00M | 31.00M |
Sector: Industrials Industry: Waste Management
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| WAST Waste Management CDR (CAD Hedged) |
0.27 1.21% |
22.64 | 33.17 | 26.81 | 3.55 | 8.92 | 4.47 | 15.65 |
| WCN Waste Connections Inc |
-0.54 0.20% |
266.66 | 37.73 | 21.05 | 5.83 | 4.87 | 5.21 | 16.53 |
| GFL Gfl Environmental Holdings Inc |
0.99 1.56% |
64.28 | 96.27 | 43.10 | 2.95 | 2.66 | 4.13 | 13.68 |
| ANRG Anaergia Inc |
-0.04 2.26% |
1.73 | 76.50 | 51.02 | 2.91 | 1.32 | 3.08 | -97.13 |
SECURE Waste Infrastructure Corp. engages in the waste management and energy infrastructure businesses primarily in Canada and the United States. The company operates through two segments: Waste Management and Energy Infrastructure. The Waste Management segment manages a network of permitted processing, recovery, and disposal infrastructure, optimizing the handling of hazardous and non-hazardous liquids, solids, emulsions, and industrial by-products, enabling recycling of metals and recovered oil, and offering compliant long-term solutions for residual waste; specialty chemical solutions are used to enhance processing efficiency and reduce waste intensity; metal recycling, drilling waste management, water disposal, and landfill disposal; and integrated network includes waste transfer stations, waste processing facilities, produced water pipelines, metals recycling, industrial landfills, generating highly recurring, infrastructure-driven cash flows supported by significant regulatory and capital barriers to entry. The Energy Infrastructure segment consists of crude oil terminals, storage facilities, and pipeline-connected infrastructure that optimize, store, and move crude oil and natural gas liquids to market, including value-added crude oil and NGL marketing and optimization activities such as buying, selling, blending, and storage. This segment also provides collection, processing, recovery, recycling and disposal of waste streams generated by its energy and industrial customers and the gathering, optimization, terminalling and storage of crude oil and natural gas liquids. The company was formerly known as Secure Energy Services Inc. and changed its name to SECURE Waste Infrastructure Corp. in January 2025. SECURE Waste Infrastructure Corp. was founded in 2007 and is headquartered in Calgary, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Rene E. Amirault CGA | Pres, CEO & Director | 1961 |
| Mr. Allen Peter Gransch | Pres | NA |
| Mr. Chad William Magus CA | Chief Financial Officer | NA |
| Mr. Corey Ray Higham P.Geo. | Chief Operating Officer | NA |
| Mr. David Glenn Engel | Sr. VP of Landfill Solutions | NA |
| Anil Aggarwala | VP of Treasury & Investor Relations | NA |
| Mr. Michael Callihoo | Corp. Sec. & Gen. Counsel | NA |
| Mr. Michael Parnetta | VP of People & Culture | NA |
| Mr. David William Mattinson P. Eng. | Sr. VP of Environmental Solutions | NA |
| Mr. Mike Mikuska | Sr. VP of Commercial & Transportation | 1969 |
Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.