TSX:SESOil and Gas
Should SECURE Waste Infrastructure’s (TSX:SES) Earnings Drop and Buybacks Prompt a Rethink on Capital Allocation?
SECURE Waste Infrastructure Corp. recently announced third-quarter 2025 results, reporting sales of CA$2.47 billion and net income of CA$1 million, both sharply down from the prior year, despite completing a buyback of 1.71 million shares for CA$27 million in the same quarter.
The pronounced declines in both revenue and profitability come as the company continues its share repurchase program, potentially raising questions about the effectiveness of capital deployment amid operational...