SECURE Waste Infrastructure Corp
F:SEP0

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SECURE Waste Infrastructure Corp Logo
SECURE Waste Infrastructure Corp
F:SEP0
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Price: 14 EUR 0.72%
Market Cap: €3.1B

SECURE Waste Infrastructure Corp
Investor Relations

SECURE Waste Infrastructure Corp. engages in the provision of safe and environmentally responsible fluids and solids solutions to the oil and gas industry. The company is headquartered in Calgary, Alberta and currently employs 1,817 full-time employees. The company went IPO on 2010-03-30. Its Waste Management segment includes a network of waste processing facilities, produced water pipelines, industrial landfills, waste transfer stations, metal recycling facilities, and specialty chemicals. Through this infrastructure network, it carries out business operations, including the collection, processing, recovery, recycling and disposal of waste streams generated by its energy and industrial customers. Its services include product and wastewater disposal, hazardous and non-hazardous waste collection, processing and transfer, treatment of crude oil emulsions, metal recycling, drilling waste management and specialty chemicals. Its Energy Infrastructure segment includes a network of crude oil gathering pipelines, terminals and storage facilities. The company engages in the transportation, optimization, terminalling and storage of crude oil.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 20, 2026
AI Summary
Q4 2025

EBITDA Growth: Adjusted EBITDA reached $501 million in 2025, up 5% year-over-year, with fourth quarter EBITDA at $135 million, a 15% increase from the prior year.

Revenue Increase: Q4 revenue was $372 million, up 10% from last year, reflecting stable infrastructure-backed earnings despite commodity volatility.

Shareholder Returns: Returned $373 million to shareholders in 2025 through dividends and share buybacks, repurchasing nearly 19 million shares.

Metal Recycling Challenges: Metal recycling business faced a 10–15% EBITDA decline due to U.S. tariffs on Canadian steel, but logistics improvements and U.S. market access should support recovery in 2026.

Strong Balance Sheet: Ended 2025 with total debt to EBITDA of 2.1x and extended debt maturity by issuing $300 million in notes due 2032.

2026 Guidance: Provided adjusted EBITDA guidance of $520–550 million for 2026, backed by contracted projects and stable production-driven volumes.

Dividend Increase: Announced a 5% dividend increase to $0.42 per share annualized starting Q2 2026.

CapEx Focus: Plans $75 million in organic growth capital for 2026, mainly in waste management, with selective investments and potential for further increases as projects progress.

Key Financials
Adjusted EBITDA
$501 million
Revenue
$372 million
Adjusted EBITDA (Q4)
$135 million
Discretionary Free Cash Flow
$273 million
Funds Flow from Operations
$378 million
Total Debt to Adjusted EBITDA
2.1x
Capital Returned to Shareholders
$373 million
Shares Repurchased
19 million shares
Organic Growth Capital Deployed
$138 million
Dividend (Annualized)
$0.42 per share
Senior Unsecured Notes Issued
$300 million due 2032
Produced Water Volumes Disposed (2025)
95,000 barrels per day
Liquid Waste Processed (2025)
38,000 barrels per day
Oil Recovered from Waste Streams (2025)
1 million barrels
Solid Waste Disposed (2025)
3.2 million tons
Crude Oil Handled (Energy Infrastructure segment)
133,000 barrels per day
Earnings Call Recording
Other Earnings Calls

Management

Mr. Allen Peter Gransch
President, CEO & Director
No Bio Available
Mr. Chad William Magus CA
Chief Financial Officer
No Bio Available
Mr. Corey Ray Higham P.Geo.
Chief Operating Officer
No Bio Available
Mr. Michael Callihoo
Corporate Secretary & General Counsel
No Bio Available
Ms. Alison Prokop
Executive
No Bio Available

Contacts

Address
ALBERTA
Calgary
Brookfield Place, 2300, 225 6 Avenue SW
Contacts
+14039846100
secure.ca
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