Secure Waste Infrastructure Profits Surge on Western Canada Expansion

Net income climbed to C$43 million, or C$0.20 per share, marking a significant increase from the C$31 million posted during the same period last year. These figures surpassed the C$0.16 per share estimate anticipated by FactSet analysts. The 19% revenue jump stems largely from infrastructure investments completed between late 2025 and mid-2026, including two pipeline-connected water disposal facilities in the Alberta Montney region and upgraded hazardous waste processing capacity.

Beyond operational expansions, the company leveraged favorable conditions in recovered oil economics and enhanced storage utilization within its energy segment. As the company integrates these new assets, it remains under the shadow of a C$6.4 billion acquisition deal by GFL Environmental. Shareholders approved the transaction in May, and the parties expect the regulatory review by Canada’s Competition Bureau to conclude in the second half of the year.