Q2 2025 SECURE Waste Infrastructure Corp Earnings Call Transcript
Key Points
- Secure Waste Infrastructure Corp (SECYF) reported a 14% year-over-year increase in adjusted EBITDA per share for Q2 2025.
- The company returned $286 million to shareholders through dividends and share repurchases, including a substantial issuer bid and normal course issuer bid.
- Completion of the Phase 3 expansion at the Clearwater heavy oil terminal and ongoing construction of new facilities are expected to drive recurring long-cycle returns.
- Secure Waste Infrastructure Corp (SECYF) exceeded its three-year GHG emission reduction target, achieving an 18% reduction since 2021.
- The company maintained a strong balance sheet with a total debt covenant ratio of 2 times, providing ample liquidity to support its strategy.
- Total adjusted EBITDA declined modestly due to a typical spring breakup, active forest fires, and volatility in the metals recycling segment from US steel tariffs.
- The metals recycling business faced challenges due to US tariffs, soft global demand, and trade policy uncertainty.
- Forest fires and gas plant turnaround activities led to disruptions, impacting volumes and operations in certain regions.
- The company anticipates ongoing macroeconomic volatility, which could affect its 2025 guidance.
- The North Dakota business experienced a short-term impact due to lower WTI prices at the beginning of Q2.
Good morning, ladies and gentlemen, and welcome to the SECURE Waste Infrastructure Corporation second quarter 2025 results conference call (Operator Instructions) This call is being recorded on Tuesday, July 29, 2025. I would now like to turn the conference over to Ms. Alison Prokop. Please go ahead.
Thank you, and good morning to everyone who is listening to the call. Welcome to SECURE's conference call for the second quarter of 2025. Joining me on the call today is Allen Gransch, our President and Chief Executive Officer; Chad Magus, our Chief Financial Officer; and Corey Higham, our Chief Operating Officer.
We'll be making forward-looking statements during this call. These statements reflect current expectations and are subject to a number of risks and uncertainties. Actual results could differ materially; we will also refer to certain non-GAAP financial measures which may not be directly comparable to similar measures disclosed by other companies.
Please refer to our
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
