Secure Waste Infrastructure Corp. (SES) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the Secure Waste Infrastructure Corporation Second Quarter 2025 Results Conference Call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question-and-answer session. If at any time during this call you require needed assistance, please press story zero for the operator. 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 Alan Branch, our President and Chief Executive Officer, Chad Magus, our Chief Financial Officer, and Corey Haim, our Chief Operating Officer. We will 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 continuous disclosure documents on CEDAR Plus for more information on risk factors and definitions. Today, we will review our financial and operational results for the three and six months ended June 30th, 2025. I will now turn the call over to Alan. Thank you, Allison. Good morning, and thank you for joining today's call. SECURE delivered solid second quarter results that reflect the resilience of our infrastructure-backed model and our continued focus on maximizing value through capital allocation. Adjusted EBITDA was $110 million, or 49 cents per share, reflecting a 14% year-over-year increase on...