The earnings call for SECURE Waste Infrastructure Corp. highlighted the company's ability to maintain strong cash flows and adapt strategically in challenging market conditions. While significant achievements were made in transitioning metal recycling markets and advancing infrastructure projects, these were offset by challenges in the metal recycling segment and a downward revision of EBITDA guidance. The sentiment of the call is balanced between positive strategic advancements and negative market-driven challenges.

Company Guidance

During the SECURE Waste Infrastructure Corp. Q3 2025 Results Conference Call, the company provided updated guidance reflecting a revised adjusted EBITDA for 2025, now expected to be approximately $500 million, a 2% reduction from the previous low end of the guidance range. This adjustment is attributed to reduced drilling and completion activity due to weaker oil prices and near-term challenges in the metal recycling business, particularly in the ferrous market. Despite these challenges, SECURE reported a strong quarter with an adjusted EBITDA of $135 million, marking a 6% year-over-year increase. The company highlighted the stability of its cash flows, with 80% of adjusted EBITDA derived from recurring production and industrial activities. SECURE also emphasized ongoing infrastructure investments, deploying $97 million of its $125 million capital budget in the first nine months of 2025, and anticipated continued growth into 2026 as long-cycle projects near completion.

Strong Infrastructure-Backed Business Performance

SECURE Waste Infrastructure Corp. delivered a strong quarter with a stable cash flow profile. Adjusted EBITDA for Q3 2025 was $135 million, up 6% year-over-year, demonstrating the resilience of the company's infrastructure-backed business even amid lower oil prices.

Successful Transition of Metal Recycling Shipments

The company successfully redirected 95% of its metal recycling shipments to stronger U.S. markets, where scrap metal remains exempt from tariffs, indicating strategic adaptability.

Progress in Long-Cycle Infrastructure Projects

SECURE advanced two major pipeline-connected water disposal facilities in Alberta, backed by 10-year commercial agreements, expected to be operational by early 2026 and contributing to stable recurring cash flows.

Shareholder Returns and Capital Management

The company returned $335 million to shareholders through dividends and share buybacks, reducing outstanding shares by approximately 8%. The company maintained a quarterly dividend of $0.10 per share.

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

Daily Earnings Calendar >

TSE:SES Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 26, 2026	2025 (Q4)	0.24 / -	0.14	―	―	―
Oct 30, 2025	2025 (Q3)	0.22 / 0.00	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)	―	―

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
Oct 30, 2025	C$18.30	C$17.57	-3.99%
Jul 29, 2025	C$16.64	C$16.16	-2.88%
May 02, 2025	C$13.01	C$13.48	+3.61%
Feb 21, 2025	C$14.36	C$14.06	-2.09%

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 Feb 26, 2026, After Close (Confirmed).

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

SECURE Waste Infrastructure (TSE:SES) earnings time is at Feb 26, 2026, 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 (Q4) is 0.24.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing