Secure Energy Services Inc. delivered second quarter results that met expectations, showing steady performance despite changing market conditions.
On July 29, 2026, Secure Energy Services Inc. (SES.TO) reported its second quarter earnings for the period ending June 30, 2026. The company achieved an earnings per share (EPS) of $0.20, matching analysts' estimates. While the EPS didn't surprise, the overall financial performance showed significant year-over-year growth in revenue and net income.
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Secure Energy Services Inc.
SES.TO
SES.TO
Secure Energy Services Inc.
WealthAwesomeMarket cap
$5.13B
P/E
43.9x
52W high
$24.85
52W low
$14.74
1W change
+4.62%
Beta
0.73
Analyst Price Targets
Based on analyst covering SES
Wall Street analysts forecast SES stock price to fall 1.5% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$23.86
-1.5% Upside
Current Price
C$24.22
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on SES's historical volatility
30-Day Vol
26.1%
Annualized
90-Day Vol
25.0%
Annualized
Trend (90d)
+46.7%
Annualized drift
90d Mean
C$28.62
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$25.61 | C$23.40 – C$28.01 |
| 60 trading days | C$27.07 | C$23.84 – C$30.74 |
| 90 trading days | C$28.62 | C$24.49 – C$33.44 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 2 analyst(s) cover this name; upcoming EPS consensus is available.
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-29 | 0.2000 | 0.2000 | +0.0% |
| 2026-03-31 | 2026-04-30 | 0.1800 | 0.2600 | -30.8% |
| 2025-12-31 | 2026-02-20 | 0.2400 | 0.2400 | +0.0% |
| 2025-09-30 | 2025-10-30 | 0.0100 | 0.2500 | -96.0% |
| 2025-06-30 | 2025-07-29 | 0.1300 | 0.1500 | -13.3% |
| 2025-03-31 | 2025-05-02 | 0.2000 | 0.2600 | -23.1% |
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Investor takeaway: Secure Energy Services met its EPS estimates, but the strong revenue growth and positive operational metrics suggest a solid foundation for future performance. Investors should keep an eye on upcoming developments, especially regarding the company's ongoing growth projects and the anticipated GFL transaction.
Revenue Increased by 19% Year-over-Year
Secure Energy's revenue for Q2 2026 reached $422 million, up from $355 million in the same quarter last year. This increase highlights the company's ability to take advantage of strong demand and improve operational efficiencies.
Bull case
The company showed impressive year-over-year growth in revenue and net income, thanks to strong operational performance and contributions from new infrastructure projects. Ongoing investments in growth capital and a favorable market environment could further boost profitability and shareholder value.
Bear case
Even though the company met EPS estimates, the lack of surprise might suggest a slowdown in earnings momentum. Additionally, fluctuating commodity prices could affect future performance, and any delays in the anticipated GFL transaction might pose risks to growth projections.
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