Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
SECURE Waste Infrastructure Corp. is a Canadian energy and industrial waste management company operating primarily in the energy infrastructure and environmental services industries. The company provides specialized waste processing, disposal, recovery, and infrastructure solutions to upstream and midstream energy producers, industrial operators, and utilities. Its core revenue is driven by long-term, fee-based services linked to energy production and industrial activity rather than direct commodity price exposure.
The company’s primary business lines include Waste Management services—such as hazardous and non-hazardous waste processing, disposal, and recovery—and Energy Infrastructure, which includes processing, storage, and pipeline-connected facilities supporting oil, natural gas, and industrial operations. SECURE Waste Infrastructure is positioned as an integrated service provider with a large-scale asset base, regulatory expertise, and long-life infrastructure that creates high barriers to entry. The company traces its origins to Secure Energy Services Inc., founded in 2007, and adopted its current name in 2023 following the integration of the Tervita Corporation acquisition, which significantly expanded its asset footprint and market reach.
Business Operations
SECURE Waste Infrastructure operates through two primary reportable segments: Waste Management and Energy Infrastructure. The Waste Management segment generates revenue through the collection, treatment, recovery, and disposal of waste streams produced by energy, industrial, and municipal customers, including produced water, drilling waste, and contaminated materials. The Energy Infrastructure segment focuses on processing and handling hydrocarbons and by-products through terminals, pipelines, and processing facilities underpinned by contractual arrangements.
Operations are concentrated in Canada and the United States, with a strong emphasis on Western Canadian energy-producing regions. The company controls a network of licensed waste processing facilities, landfills, caverns, pipelines, terminals, and processing plants. SECURE Waste Infrastructure operates largely independently but maintains commercial partnerships with upstream producers, midstream operators, and industrial clients. Its asset base and regulatory approvals are considered critical operational advantages.
Strategic Position & Investments
The company’s strategic direction emphasizes stable, recurring cash flows, disciplined capital allocation, and incremental growth through optimization of its existing asset base. Growth initiatives include expanding waste recovery services, improving facility utilization, and selectively investing in infrastructure tied to long-term customer contracts. SECURE Waste Infrastructure has prioritized debt reduction and shareholder returns following the integration of Tervita Corporation, which remains its most significant acquisition.
The company is also involved in emerging environmental and industrial solutions, including waste recovery, water treatment, and infrastructure that supports evolving energy production practices. Investments are generally focused on adjacent services that leverage existing facilities, regulatory expertise, and customer relationships rather than speculative technology development.
Geographic Footprint
SECURE Waste Infrastructure’s headquarters is located in Calgary, Alberta, with operations spanning key energy-producing regions of Western Canada, including Alberta and British Columbia. The company also maintains a growing operational presence in the United States, particularly in states with active oil, gas, and industrial markets.
Its infrastructure network provides broad geographic coverage across North America, enabling the company to serve customers operating in remote and highly regulated environments. While Canada remains the core market, U.S. operations represent an increasingly important component of long-term growth and diversification.
Leadership & Governance
SECURE Waste Infrastructure is led by a management team with extensive experience in energy services, infrastructure, and environmental operations. The leadership philosophy emphasizes safety, regulatory compliance, operational excellence, and long-term value creation through stable infrastructure assets.
Key executives include:
- Allen Gransch – President & Chief Executive Officer
- Chad Tetz – Chief Financial Officer
- Stephanie McLachlan – Chief Operating Officer
- Jim Wicklund – Chair of the Board
The board of directors and executive team oversee governance, capital allocation, and strategic execution, with a focus on integrating environmental stewardship into core operations.