Canada's Secure Waste Q2 revenue rises on new projects

Overview

• Canada waste management firm's Q2 revenue rose 19% yr/yr

• Adjusted EBITDA for Q2 climbed 17% yr/yr, driven by new projects and strong activity

• Company expects GFL merger to close in H2 2026

Outlook

• Company expects 2026 Adjusted EBITDA near the top of C$520 mln to C$550 mln range

• Company outlook supported by stable customer activity and increasing production volumes

• Company continues to expect GFL transaction to close in second half of 2026

Result Drivers

• GROWTH PROJECTS - Co said Q2 benefited from new pipeline-connected water disposal facilities and hazardous waste processing upgrades completed in late 2025 and early 2026

• CUSTOMER ACTIVITY - Co cited strong customer activity and favorable operating conditions across Western Canada as supporting Q2 performance

• ENERGY INFRASTRUCTURE - Improved storage utilization and favorable recovered oil economics supported results in the Energy Infrastructure segment

Company press release: ID:nCNWNf6yLa

Key Details

Reuters Recommended Reads

• July 28 - Canada's Biorem Q2 revenue rises 66% on project execution

• July 27 - Canada's Gibson Energy Q2 net income rises on record Infrastructure segment EBITDA

• July 28 - Waste Management lowers 2026 revenue forecast amid pullback from residential business

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)