09:14 AM EDT, 07/29/2025 (MT Newswires) -- SECURE Waste Infrastructure ( SECYF ) , a waste management and energy infrastructure company, on Tuesday reported second-quarter earnings per share that missed estimates, even as revenues beat expectations, while it maintained its full-year 2025 Adjusted EBITDA guidance.

Second quarter net income was reported at $31 million or $0.14 per basic share, compared to $32 million or $0.12 per share in the corresponding year-ago quarter. Consensus estimate compiled by FactSet for EPS was $0.16 per share.

The company noted that the net income was "relatively flat" from Q2 2024 on an absolute basis, and up 17% on a per share basis due to the share buybacks over the past year reducing the weighted average shares outstanding in the quarter by 15%.

Revenue, excluding oil purchase and resale, was $353 million in the second quarter, up 5% from $337 million in the year-ago quarter and beating consensus estimate compiled by FactSet of $344.3 million. The company said that the increase was primarily driven by contributions from the Edmonton-based metals recycling business acquired on January 31.

It also recorded Q2 2025 Adjusted EBITDA of $110 million ($0.49 /basic share).

"Our second quarter results were in line with expectations and reflected the typical seasonal impacts of spring break-up," said SECURE Waste Infrastructure's ( SECYF ) President and Chief Executive Officer, Allen Gransch. "Despite these seasonal effects, as well as macroeconomic challenges, including active forest fires, and ongoing pressure in the ferrous metals market linked to U.S. tariffs and broader recessionary concerns, our infrastructure-backed business model continues to demonstrate strength."

The company is maintaining its full-year 2025 Adjusted EBITDA guidance of $510-$540 million, "supported by higher volumes and pricing, contributions from organic growth projects, and long-term industry fundamentals."

For the remainder of 2025 it also flagged discretionary free cash flow of $270-$300 million and organic growth capital of approximately $125 million, over 70% of which is directed toward long-cycle, contracted infrastructure investments that deliver stable, recurring cash flows. It also flagged sustaining capital of $85 million; and asset retirement obligation spend of $15 million.