The earnings call reflects a resilient performance by SECURE Waste Infrastructure Corporation, with strong revenue growth, strategic project completions, and sustainability achievements. However, the company faced challenges due to U.S. tariffs, forest fires, and a decline in adjusted EBITDA. The overall sentiment is cautiously optimistic, with a balanced view of achievements and challenges.

Company Guidance

During the SECURE Waste Infrastructure Corporation's Second Quarter 2025 Results Conference Call, the company maintained its 2025 guidance despite facing challenges such as forest fires and U.S. steel tariffs. Key metrics included an adjusted EBITDA of $110 million, or $0.49 per share, which represented a 14% year-over-year increase on a per-share basis. The company returned $286 million to shareholders through dividends and share repurchases, including a $137 million substantial issuer bid and $104 million under the normal course issuer bid, purchasing 7% of its common shares year-to-date. SECURE projected full-year 2025 adjusted EBITDA of $510 million to $540 million and discretionary free cash flow ranging from $270 million to $300 million. The capital budget was set at $125 million for growth and $85 million for sustaining capital, with $43 million deployed in the first half of the year. The company also reported a strong balance sheet with a total debt-to-EBITDA covenant ratio of 2x, extending its revolving credit facility to $900 million.

Increased Revenue and Shareholder Returns

SECURE Waste Infrastructure Corporation reported a revenue of $353 million, a 5% increase from Q2 2024. They returned $286 million to shareholders through dividends and share repurchases, purchasing 7% of common shares year-to-date.

Completion of Strategic Projects

The Phase 3 expansion at the Clearwater heavy oil terminal was completed and is fully operational, with two new pipe-connected produced water disposal facilities expected to be operational in late 2025 and early 2026, respectively.

Sustainability Achievements

SECURE exceeded its 3-year GHG emission reduction target, achieving an 18% reduction since 2021, and reduced free water use by 6% over 2023. The company spent a record $13.4 million with indigenous suppliers.

Strong Balance Sheet

The company extended its revolving credit facility to 2028 and increased its size to $900 million, with a debt-to-EBITDA ratio of 2x, or 1.8x excluding leases.

SECURE Waste Infrastructure (TSE:SES) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:SES Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.23 / -	0.39	―	―	―
Jul 29, 2025	2025 (Q2)	0.16 / 0.14	0.12	16.67% (+0.02)	―	―
May 02, 2025	2025 (Q1)	0.21 / 0.16	1.47	-89.12% (-1.31)	―	―
Feb 21, 2025	2024 (Q4)	0.22 / 0.14	0.2	-30.00% (-0.06)	―	―
Oct 30, 2024	2024 (Q3)	0.22 / 0.39	0.16	143.75% (+0.23)	―	―
Jul 30, 2024	2024 (Q2)	0.14 / 0.12	0.11	9.09% (<+0.01)	―	―
Apr 25, 2024	2024 (Q1)	0.15 / 1.47	0.18	716.67% (+1.29)	―	―
Feb 26, 2024	2023 (Q4)	0.19 / 0.20	0.1	100.00% (+0.10)	―	―
Nov 01, 2023	2023 (Q3)	0.18 / 0.16	0.19	-15.79% (-0.03)	―	―
Jul 27, 2023	2023 (Q2)	0.11 / 0.11	0.17	-35.29% (-0.06)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:SES Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	C$16.72	C$16.24	-2.87%
May 02, 2025	C$13.07	C$13.55	+3.67%
Feb 21, 2025	C$14.43	C$14.13	-2.08%
Oct 30, 2024	C$13.51	C$14.84	+9.84%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does SECURE Waste Infrastructure (TSE:SES) report earnings?

SECURE Waste Infrastructure (TSE:SES) is schdueled to report earning on Oct 29, 2025, After Close (Confirmed).

What is SECURE Waste Infrastructure (TSE:SES) earnings time?

SECURE Waste Infrastructure (TSE:SES) earnings time is at Oct 29, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:SES EPS forecast?

TSE:SES EPS forecast for the fiscal quarter 2025 (Q3) is 0.23.

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