Enerflex Ltd
TSX:EFX

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Enerflex Ltd
TSX:EFX
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Price: 21.69 CAD -0.73% Market Closed
Market Cap: 2.6B CAD

Enerflex Ltd
Investor Relations

Enerflex Ltd., an intriguing player in the global energy sector, seamlessly bridges the gap between engineering expertise and the ever-evolving energy landscape. Founded in the 1980s and headquartered in Calgary, Alberta, this company navigates the dynamic demands of oil and gas, driving its success through an intricate blend of innovation and manufacturing prowess. Enerflex stands as a multifaceted corporation specializing in the provision of natural gas compression, oil and gas processing, refrigeration systems, and electricity generation equipment, offering holistic solutions from start to finish. What propels Enerflex is its ability to cater to the upstream, midstream, and downstream sectors, not just confining itself to selling equipment but extending its responsibilities to installation, maintenance, and after-sales services, cultivating long-term client relationships across North America, Latin America, the Middle East, and Asia-Pacific.

Key to Enerflex’s financial engine is its capacity to adapt and evolve amid the shifting energy paradigm. As global energy consumption patterns transform, Enerflex finds its opportunities in providing efficient and sustainable solutions, thus ensuring a resilient business model. The company generates revenue through a combination of product sales, engineering services, and leasing arrangements, allowing clients flexible access to critical infrastructure. Furthermore, Enerflex’s strategic focus on natural gas aligns with global sustainable energy trends, as natural gas serves as a notable transition fuel towards reduced carbon footprints. Supplementing its portfolio, Enerflex’s robust after-sales service division contributes significantly to its revenue stream, offering reliability and continuity to its extensive customer base. As an entity, Enerflex deftly navigates both the practical and strategic spheres of energy, positioning itself as a vital component in the global energy mosaic.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 6, 2025
AI Summary
Q3 2025

Record Revenue: Enerflex reported third quarter revenue of $777 million, up from $601 million in Q3 2024 and $615 million in Q2 2025, driven by the Bisat-C Expansion project and strong project execution.

Margin Performance: Gross margin before depreciation and amortization was $206 million, or 27% of revenue, slightly lower in percentage terms versus prior periods due to mix but higher in dollar terms.

Record EBITDA: Adjusted EBITDA reached a new quarterly high of $145 million, benefiting from project execution and cost-saving initiatives.

Dividend Increase: The Board approved a 13% increase in the quarterly dividend to CAD 0.0425 per share, effective December 2025.

Strong Balance Sheet: Net debt fell to $584 million and the net debt-to-EBITDA ratio improved to 1.2x at quarter-end.

Backlog Visibility: Engineered Systems backlog stood at $1.1 billion, with healthy bookings and visibility into the second half of 2026.

Outlook: Management expects Engineered Systems gross margins to normalize to historical averages and continues to see strong demand for aftermarket services and infrastructure offerings.

Key Financials
Revenue
$777 million
Gross Margin before Depreciation & Amortization
$206 million (27% of revenue)
Adjusted EBITDA
$145 million
Free Cash Flow
$43 million
Net Earnings
$37 million ($0.30 per share)
Return on Capital Employed
16.9%
Net Debt
$584 million
Net Debt-to-EBITDA Ratio
1.2x
Dividends
CAD 0.0425 per share quarterly
Engineered Systems Backlog
$1.1 billion
Bookings (Engineered Systems)
$339 million
Capital Expenditures
$33 million in Q3 2025
Earnings Call Recording
Other Earnings Calls

Management

Mr. Marc Edward Rossiter
President, CEO & Director
No Bio Available
Mr. Preet Dhindsa
Senior VP & CFO
No Bio Available
Mr. Gregory D. Stewart
President of United States of America Region
No Bio Available
Mr. Robert Mitchell
Senior VP & Chief Administrative Officer
No Bio Available
Mr. Jeffrey Eric Fetterly C.F.A.
Vice President of Corporate Development & Investor Relations
No Bio Available
Ms. Carol Ionel
VP of Human Resources and Director of Training & Change Management
No Bio Available
Mr. Philip A. J. Pyle
President of Eastern Hemisphere
No Bio Available
Mr. Helmuth Ernest Witulski
President of Canada
No Bio Available
Mr. Mauricio Javier Meineri
President of Latin America
No Bio Available

Contacts

Address
ALBERTA
Calgary
Suite 904, 1331 MacLeod Trail S.E.
Contacts
+14032913438.0
www.enerflex.com