11:48 AM EST, 02/21/2025 (MT Newswires) -- (Updates shares.)

SECURE Waste Infrastructure ( SECYF ) reported Friday fourth-quarter 2024 earnings and revenue that came in below analyst expectations, but also said despite challenges, its business "remains highly resilient".

The oilfield waste-management company booked a profit of $34 million or $0.14 per share, missing the FactSet analyst consensus forecast of $0.22 per share and 42% lower than $59 million recorded in the previous year.

Adjusted EBITDA fell to $117 million from $162 million while revenue stood at $332 million, below the FactSet analyst consensus estimate of $357.3 million.

SECURE reiterated 2025 adjusted EBITDA guidance of $510 million to $540 million, with the mid-point reflecting a 10% increase over 2024 .

The company also expects to maintain a quarterly dividend of $0.10 per share, as it expects the business to remain resilient despite economic uncertainty linked to the prospect of U.S. tariffs.

"Our pipeline of infrastructure projects, combined with our recent metals recycling acquisition, strengthens our network and enhances our ability to transform waste into value for customers and create sustainable returns for shareholders," said chief executive Allen Gransch.

The company's shares were last seen down $0.38 to $14.24 on the Toronto Stock Exchange.

Price: 14.32, Change: -0.30, Percent Change: -2.05