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SECURE Waste Infrastructure remains attractively valued, trading at a sustaining free cash flow yield just under 7%. 2025 results show strong free cash flow, with C$1.15/share underlying FCF and leverage at only 1.75x adjusted EBITDA. 2026 guidance targets 4%-10% adjusted EBITDA growth, driven by Waste Management and new water infrastructure projects.
SECURE Waste Infrastructure Corp. (SES:CA) Q4 2025 Earnings Call Transcript
Berkshire Hathaway's recent investment in Alphabet (GOOGL) signals a bold bet on the company's AI leadership and future free cash flow growth. SECURE Waste Infrastructure Corp. (SES:CA) offers a mini-Waste Management model, high recurring cash flow, aggressive buybacks, and trades at a discount to peers. Copart (CPRT) boasts a unique landowner business, wide moat, pristine balance sheet, and strong growth prospects driven by its digital salvage auction platform.
SECURE Waste Infrastructure Corp. ( SES:CA ) Q3 2025 Earnings Call October 30, 2025 11:00 AM EDT Company Participants Alison Prokop - Executive Allen Gransch - President, CEO & Director Chad Magus - Chief Financial Officer Corey Higham - Chief Operating Officer Conference Call Participants Konark Gupta - Scotiabank Global Banking and Markets, Research Division Michael Doumet - National Bank Financial, Inc., Research Division Arthur Nagorny - RBC Capital Markets, Research Division Presentation Operator Good morning, ladies and gentlemen, and welcome to the SECURE Waste Infrastructure Corp. Q3 2025 Results Conference Call. [Operator Instructions] This call is being recorded on Thursday, October 30, 2025.
SECURE WASTE INFRASTRUCTURE CORP. (OTCPK:SECYF) Q2 2025 Earnings Conference Call July 29, 2025 11:00 AM ET Company Participants Alison Prokop - Corporate Participant Executive - Corporate Participant Allen Peter Gransch - President, CEO & Director Chad William Magus - Chief Financial Officer Corey Ray Higham - Chief Operating Officer Conference Call Participants Arthur Nagorny - RBC Capital Markets, Research Division Ian Brooks Gillies - Stifel Nicolaus Canada Inc., Research Division John Gibson - BMO Capital Markets Equity Research Konark Gupta - Scotiabank Global Banking and Markets, Research Division Michael Doumet - National Bank Financial, Inc., Research Division Steven P.
Secure Waste Infrastructure's strong Q1 results and robust 2025 guidance highlight its solid cash flow and earnings power post-asset sale. The company's disciplined capital allocation, including a C$136M share buyback, enhances shareholder value despite a modest increase in interest expenses. Sustaining a free cash flow yield of 7.5% and ongoing growth investments position Secure for continued EBITDA and FCF per share growth.
SECURE Waste Infrastructure Corp. (OTCPK:SECYF) Q1 2025 Earnings Call May 2, 2025 11:00 AM ET Company Participants Alison Prokop - Investor Relations Allen Gransch - President and Chief Executive Officer Chad Magus - Chief Financial Officer Corey Higham - Chief Operating Officer Conference Call Participants Konark Gupta - Scotiabank Patrick Kenny - National Bank Financial Arthur Nagorny - RBC Capital Markets Konark Gupta - Scotiabank Operator Good morning, ladies and gentlemen and welcome to the SECURE Waste Infrastructure Corp. Q1 2025 Results Conference Call. [Operator Instructions] This call is being recorded on Friday, May 2, 2025.
Secure Waste Infrastructure Corp. has transformed into a defensive, recurring revenue waste management company, yet its stock price has dropped 25%, presenting a buying opportunity. Despite a YoY decline in financial results due to divestitures, Secure's robust cash flows support significant share buybacks and shareholder returns. Secure's valuation is attractive, trading at less than half the valuation of peers, with a forward EV/EBITDA of 6.3x compared to higher multiples for competitors.
Secure Energy Services Inc. (OTCPK:SECYF) Q4 2024 Results Conference Call February 21, 2025 11:00 AM ET Company Participants Alison Prokop - Investor Relations Allen Gransch - President and Chief Executive Officer Chad Magus - Chief Financial Officer Corey Higham - Chief Operating Officer Conference Call Participants Konark Gupta - Scotiabank Patrick Kenny - National Bank Financial Arthur Nagorny - RBC Operator Good morning, ladies and gentlemen, and welcome to the SECURE Waste Infrastructure Corp. Q4 2024 Results Conference Call. At this time, all lines are in listen only mode.
Secure Energy Services, soon to be Secure Waste Infrastructure Corp., has shifted focus to 80% recurring revenues, enhancing stability and reducing cyclical exposure. Secure's valuation is attractive, trading at cyclical multiples despite its defensive business model, presenting an opportunity for investors. The company's simple yet effective model, primarily serving the Canadian oil & gas industry, ensures steady revenue growth even with volatile oil prices.
Secure Energy Services Inc. (OTCPK:SECYF) Q3 2024 Earnings Conference Call October 30, 2024 11:00 AM ET Company Participants Alison Prokop - Investor Relations Allen Gransch - President and Chief Executive Officer Chad Magus - Chief Financial Officer Corey Higham - Chief Operating Officer Conference Call Participants Konark Gupta - Scotiabank Keith Mackey - RBC Dominion Securities Inc. Jamie Somerville - Eight Capital John Gibson - BMO Capital Markets Operator Good morning, ladies and gentlemen, and welcome to the SECURE Q3 2024 Results Conference Call. At this time, all lines are in listen only mode.
Secure Energy Services Inc. (OTCPK:SECYF) Q2 2024 Earnings Conference Call July 30, 2024 11:00 AM ET Company Participants Chad Magus - Chief Financial Officer Allen Gransch - President and Chief Executive Officer Corey Higham - Chief Operating Officer Conference Call Participants John Gibson - BMO Capital Markets Patrick Kenny - National Bank Financial Operator Good morning, ladies and gentlemen, and welcome to the Secure Energy Q2 2024 Results Conference call. At this time, all lines are in a listen-only mode.
Secure Energy Services completed a C$1.15B sale of waste management facilities, wiping out net debt and initiating share buybacks. The company's financial results show strong cash flows, with an anticipated underlying free cash flow of approximately C$93M and sustaining free cash flow of around C$1.20 per share. The balance sheet shows a healthy net cash position after the sale, with shareholders benefiting from share buybacks and potential for future growth.
Secure Energy Services Inc. (OTCPK:SECYF) Q1 2024 Earnings Conference Call April 25, 2024 3:00 PM ET Company Participants Alison Prokop - Director, Corporate Finance Rene Amirault - Chief Executive Officer Allen Gransch - President Chad Magus - Chief Financial Officer Corey Higham - Chief Operating Officer Conference Call Participants Cole Pereira - Stifel John Gibson - BMO Capital Markets Keith MacKey - RBC Patrick Kenny - National Bank Operator Good afternoon, ladies and gentlemen and welcome to the Secure Energy's First Quarter 2024 Results Conference Call. [Operator Instructions] This call is being recorded on Thursday, April 25, 2024.
Secure Energy Services, Inc. (OTCPK:SECYF) Q3 2023 Earnings Conference Call November 1, 2023 11:00 AM ET Company Participants Alison Prokop - Executive Rene Amirault - CEO & Director Chad Magus - CFO Allen Gransch - President Conference Call Participants John Gibson - BMO Capital Markets Patrick Kenny - National Bank Financial Keith MacKey - RBC Capital Markets Cole Pereira - Stifel Operator Good morning, ladies and gentlemen, and welcome to the Secure Energy Q3 2023 Results Conference Call. [Operator Instructions].
Secure Energy Services Inc. (OTCPK:SECYF) Q2 2023 Earnings Conference Call July 27, 2023 11:00 AM ET Corporate Participants Alison Prokop - Executive Rene Amirault - Chief Executive Officer Chad Magus - Chief Financial Officer Allen Gransch - President Conference Call Participants Patrick Kenny - National Bank Operator Good morning, ladies and gentlemen, and welcome to the Secure Energy Q2 2023 Results Conference Call. At this time, all lines are in listen-only mode.