Secure Energy Services Inc. (T:SES*CA)
Business Focus: Oil & Gas Transportation Services (NEC)
| Sector: Energy | Industry: Oil & Gas Transportation Services |
| Company Contact | |
| Address: | Brookfield Place, 2300, 225 6 Avenue SW CALGARY AB T2P 1N2 |
| Tel: | N/A |
| Website: | https://www.secure-energy.com |
| IR: | See website |
| Key People | ||
| Allen Peter Gransch President, Chief Executive Officer | Rene E. Amirault Vice Chairman of the Board | Chad Magus Chief Financial Officer |
| Corey Higham Chief Operating Officer | James Anderson Senior Vice President - Specialty Chemicals | |
| Business Overview |
| SECURE Energy Services Inc. is a Canada-based environmental and energy infrastructure company. The Company operates through three segments: Environmental Waste Management (EWM) Infrastructure, Energy Infrastructure and Oilfield Services. Its EWM Infrastructure segment includes a network of waste processing facilities, produced water pipelines, industrial landfills, waste transfer facilities, and metal recycling facilities. Through this infrastructure network, the Company carries out business operations, including the processing, recovery, recycling and disposal of waste streams generated by its energy and industrial customers. Its Energy Infrastructure segment includes a network of crude oil gathering pipelines, terminals and storage facilities. Through this infrastructure network, the Company is engaged in the transportation, optimization, terminalling and storage of crude oil. Its Oilfield Services segment includes drilling fluid management, and project management services. |
| Financial Overview |
| For the three months ended 31 March 2024, Secure Energy Services Inc revenues increased 49% to C$2.85B. Net income increased from C$55M to C$422M. Revenues reflect Energy Infrastructure segment increase of 65% to C$2.55B, EWM Infrastructure segment increase of 16% to C$296M, USA segment increase of 38% to C$18M. Net income benefited from Interest, accretion and f decrease of 32% to C$13M (expense), Other decrease of 25% to C$9M (expense). |
| Employees: | 1,847 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $4,054M as of Mar 31, 2024 |
| Annual revenue (TTM): | $9,186M as of Mar 31, 2024 |
| EBITDA (TTM): | $561.00M as of Mar 31, 2024 |
| Net annual income (TTM): | $562.00M as of Mar 31, 2024 |
| Free cash flow (TTM): | $50.00M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $155.00M as of Mar 31, 2024 |
| Shares outstanding: | 263,097,071 as of May 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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