07:33 AM EDT, 10/30/2024 (MT Newswires) -- SECURE Energy Services ( SECYF ) doubled its net income in the third quarter following an 18% rise in revenue.

The waste management and energy infrastructure company reported a net income of $94 million, or $0.39 per share, jumping from $47 million, or $0.16 per share.

Revenue rose to $2.61 billion from $2.22 billion while adjusted EBITDA fell 20% to $127 million.

"Positive industry trends and strong operational execution drove financial results on the high end of our expected range in the third quarter," President and CEO Allen Gransch said.

The company reaffirmed its 2024 adjusted EBITDA guidance at the top end of the $470 million to $490 million range.

"We maintain a favorable outlook for the business as increased industrial and production activity is leading to incremental volumes requiring processing, recycling and disposal across SECURE's facility network," Gransch added.