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    What SECURE Waste Infrastructure (TSX:SES)'s Stronger First-Half Earnings Momentum Means For Shareholders

    Simply Wall St·08/07/2026 02:33:09
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    • In the past quarter, SECURE Waste Infrastructure Corp. reported second-quarter 2026 results with sales rising to CA$422 million and net income to CA$43 million, lifting basic earnings per share from continuing operations to CA$0.20 from CA$0.14 a year earlier.
    • Over the first half of 2026, the company’s sales and net income both increased versus the prior year, signalling improving profitability that could be increasingly important for investors focused on earnings quality and consistency.
    • We’ll now examine how this stronger year-over-year earnings performance may influence SECURE Waste Infrastructure’s existing investment narrative.

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    SECURE Waste Infrastructure Investment Narrative Recap

    To own SECURE Waste Infrastructure, you generally need to believe in its role as a critical waste and water partner to North American energy and industrial producers, despite its concentration in oil and gas. The latest quarter’s higher sales and earnings support the short term catalyst of improving earnings quality, but do not materially change the key risk that a faster energy transition could pressure long term waste and water volumes.

    The recent earnings update sits alongside the pending acquisition by GFL Environmental, announced in April 2026 at CA$24.75 per share. For investors who have been watching SECURE’s volume exposed Alberta and Montney operations, this transaction frames the current earnings momentum and balance sheet story within a finite timeline and puts more focus on how the company’s waste and water infrastructure will fit into a larger North American platform.

    Yet despite these encouraging results, investors still need to be aware of the concentration risk in upstream oil and gas volumes...

    Read the full narrative on SECURE Waste Infrastructure (it's free!)

    SECURE Waste Infrastructure's narrative projects CA$262.9 million revenue and CA$254.0 million earnings by 2028. This implies revenues will decrease by 70.6% per year and an earnings increase of about CA$57 million from CA$197.0 million today.

    Uncover how SECURE Waste Infrastructure's forecasts yield a CA$19.92 fair value, a 18% downside to its current price.

    Exploring Other Perspectives

    TSX:SES 1-Year Stock Price Chart
    TSX:SES 1-Year Stock Price Chart

    Four members of the Simply Wall St Community currently frame SECURE’s fair value between roughly CA$19.92 and CA$53.06, showing how far apart individual views can be. Set against the dependence on oil and gas waste volumes, this spread underlines why you may want to compare several perspectives before forming your own view on the company’s prospects.

    Explore 4 other fair value estimates on SECURE Waste Infrastructure - why the stock might be worth 18% less than the current price!

    Form Your Own Verdict

    Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.