{"id":990994,"date":"2026-08-06T06:04:45","date_gmt":"2026-08-06T10:04:45","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/enerflex-ltd-announces-second-quarter-2026-financial-and-operational-results\/"},"modified":"2026-08-06T06:04:45","modified_gmt":"2026-08-06T10:04:45","slug":"enerflex-ltd-announces-second-quarter-2026-financial-and-operational-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/enerflex-ltd-announces-second-quarter-2026-financial-and-operational-results\/","title":{"rendered":"Enerflex Ltd. Announces Second Quarter 2026 Financial and Operational Results"},"content":{"rendered":"
\n

\n ADJUSTED EBITDA OF $128 MILLION, FREE CASH FLOW OF $32 MILLION AND RETURN ON CAPITAL EMPLOYED OF 15.4%<\/em>\n <\/p>\n

\n STRONG OPERATIONAL VISIBILITY WITH ES BACKLOG INCREASING TO $1.5 BILLION AT THE END OF Q2\/26<\/em>\n <\/p>\n

\n ORGANIC GROWTH CAPEX FORECASTED AT TOP END OF GUIDANCE RANGE FOR 2026; ON TRACK TO EXPAND U.S. CONTRACT COMPRESSION FLEET BY 10-15% YEAR-OVER-YEAR<\/em>\n <\/p>\n

CALGARY, Alberta, Aug. 06, 2026 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (\u201cEnerflex\u201d or the \u201cCompany\u201d) today reported its financial and operational results for the three months ended June 30, 2026.<\/p>\n

All amounts presented are in U.S. Dollars unless otherwise stated.<\/p>\n

\n MANAGEMENT COMMENTARY<\/strong>\n <\/p>\n

Paul Mahoney, Enerflex’s President and Chief Executive Officer stated: “Enerflex delivered another quarter of solid operational performance, reflecting disciplined execution and our focus on operational excellence. Results continue to be underpinned by our Energy Infrastructure and After-Market Services business lines, and the Engineered Systems business maintained strong commercial momentum. Strong bookings has translated into increasing visibility for our ES business, with a book to bill ratio of 1.5 times during the first half of 2026 and our forward visibility for ES revenue increasing to $1.5 billion, the highest level in Enerflex\u2019s history.<\/p>\n

As highlighted during our May 27th<\/sup> investor update, Enerflex\u2019s focus is on competing intentionally in the markets where we can win, improving relentlessly through operational excellence, and delivering disciplined value adding growth for our shareholders. This is reflected in our value creation objectives, which include improving the underlying profitability and returns of our business, and growing revenue ahead of our underlying markets. We are moving with urgency to execute on these priorities, including initiatives to enhance collaboration, leverage scale, improve operational efficiency and solidify our capabilities. I would like to thank our global team for embracing the challenge and look forward to updating our stakeholders as we progress.”<\/p>\n

Preet Dhindsa, Enerflex\u2019s Senior Vice President and Chief Financial Officer, added: \u201cEnerflex delivered another quarter of strong financial performance, supported by disciplined execution and strong cash generation. During the quarter, we extended the maturity of our revolving credit facility to 2029 while increasing the accordion feature to $200 million, solidifying the Company\u2019s financial flexibility as we execute our strategy. With a strong balance sheet and ample available liquidity, we remain focused on disciplined capital allocation, investing in profitable growth opportunities, and long-term value creation for shareholders.\u201d<\/p>\n

\n SUMMARY RESULTS<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\nThree months ended June\u00a030,<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nSix months ended June\u00a030,<\/td>\n\u00a0<\/td>\n<\/tr>\n
($ millions, except per share amounts, percentages and ratios)<\/td>\n\u00a0<\/td>\n\n 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2025<\/td>\n\u00a0<\/td>\n<\/tr>\n
Revenue<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 582<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n615<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 1,166<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,167<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gross margin (“GM”)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 139<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n139<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 284<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n267<\/td>\n\u00a0<\/td>\n<\/tr>\n
GM as a percentage of revenue (“GM %”)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 23.9<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n22.6<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 24.4<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n22.9<\/td>\n%<\/td>\n<\/tr>\n
Selling, general and administrative expenses (\u201cSG&A\u201d)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 81<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n61<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 160<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n118<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 58<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n76<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 126<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n147<\/td>\n\u00a0<\/td>\n<\/tr>\n
EBITDA1<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 94<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n134<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 204<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n239<\/td>\n\u00a0<\/td>\n<\/tr>\n
EBIT1<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 57<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n92<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 130<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n158<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net earnings<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 30<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n60<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 73<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n84<\/td>\n\u00a0<\/td>\n<\/tr>\n
Earnings per share – basic<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 0.25<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.49<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 0.60<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.68<\/td>\n\u00a0<\/td>\n<\/tr>\n
Long-term debt<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 529<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n679<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 529<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n679<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net debt2<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 455<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n608<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 455<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n608<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash provided by (used in) operating activities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 89<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 121<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n92<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Key Financial Performance Indicators (\u201cKPIs\u201d)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
ES backlog3<\/sup><\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 1,453<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,227<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 1,453<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,227<\/td>\n\u00a0<\/td>\n<\/tr>\n
ES bookings3<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 488<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n365<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 971<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n570<\/td>\n\u00a0<\/td>\n<\/tr>\n
EI contract backlog4<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 1,193<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,462<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 1,193<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,462<\/td>\n\u00a0<\/td>\n<\/tr>\n
GM before depreciation and amortization (\u201cGM before D&A\u201d)5<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 173<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n175<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 352<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n336<\/td>\n\u00a0<\/td>\n<\/tr>\n
GM before D&A as a percentage of revenue (“GM before D&A %”)5<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 29.7<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 30.2<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28.8<\/td>\n%<\/td>\n<\/tr>\n
Adjusted EBITDA6<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 128<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n130<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 265<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n243<\/td>\n\u00a0<\/td>\n<\/tr>\n
Free cash flow7<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 32<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(39<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 47<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n46<\/td>\n\u00a0<\/td>\n<\/tr>\n
Bank-adjusted net debt to EBITDA ratio7<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 0.8<\/strong>\n <\/td>\n\n x<\/strong>\n <\/td>\n\u00a0<\/td>\n1.3x<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 0.8<\/strong>\n <\/td>\n\n x<\/strong>\n <\/td>\n\u00a0<\/td>\n1.3x<\/td>\n\u00a0<\/td>\n<\/tr>\n
Return on capital employed (\u201cROCE\u201d)7,8<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 15.4<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16.4<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 15.4<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16.4<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n

\n
\n
\n
\n 1<\/sup>
\n <\/sub>
\n <\/em>
\n
\n EBITDA is defined as earnings before net finance costs, income taxes, depreciation and amortization. EBIT is defined as earnings before net finance costs and income taxes.<\/em>
\n <\/sub>
\n
\n
\n
\n 2<\/sup>
\n <\/em>
\n Net debt is defined as total long-term debt less cash and cash equivalents, as presented in the Financial Statements. <\/em>
\n <\/sub>
\n
\n
\n
\n 3<\/sup>
\n <\/em>
\n Refer to the \u201cES Backlog and Bookings\u201d section of the MD&A for further details.<\/em>
\n <\/sub>
\n
\n
\n
\n 4<\/sup>
\n <\/em>
\n Refer to the \u201cEI Contract Backlog\u201d section of the MD&A for further details.<\/em>
\n <\/sub>
\n
\n
\n
\n 5<\/sup>
\n <\/em>
\n Refer to the \u201cGross Margin before D&A by Product Line and Recurring Gross Margin before D&A\u201d section of the MD&A for further details.<\/em>
\n <\/sub>
\n
\n
\n
\n 6<\/sup>
\n <\/em>
\n Refer to the \u201cAdjusted EBITDA\u201d section of the MD&A for further details. <\/em>
\n <\/sub>
\n
\n
\n
\n 7<\/sup>
\n <\/em>
\n Refer to the \u201cNon-IFRS Measures\u201d section of the MD&A for further details.<\/em>
\n <\/sub>
\n
\n
\n
\n 8<\/sup>
\n <\/em>
\n Determined by using the trailing 12-month period.<\/em>
\n <\/sub>\n <\/p>\n

Enerflex\u2019s consolidated financial statements and notes (the \u201cFinancial Statements\u201d) and Management\u2019s Discussion and Analysis (\u201cMD&A\u201d) as at June 30, 2026, can be accessed on the Company\u2019s website at www.enerflex.com<\/a>\u00a0and under the electronic profile of the Company on SEDAR+ and EDGAR at www.sedarplus.ca<\/a> and www.sec.gov\/edgar<\/a>, respectively.<\/p>\n

\n Q2\/26 FINANCIAL OVERVIEW<\/strong>\n <\/p>\n