Quarterly ResultMay 7, 2026, 06:03 AM
Enerflex Q1 Adjusted EBITDA $137M; Record ROCE 17.3%
AI Summary
Enerflex Ltd. reported strong Q1 2026 financial results, with adjusted EBITDA increasing to $137 million and revenue reaching $584 million. The company achieved a record Return on Capital Employed (ROCE) of 17.3% and significantly reduced its bank-adjusted net debt-to-EBITDA ratio to 0.9x. Operational visibility remains robust with an ES book-to-bill ratio of 1.5x and combined ES and EI backlogs of $1.3 billion. Enerflex also declared a quarterly dividend of CAD $0.0425 per share.
Key Highlights
- Adjusted EBITDA increased to $137 million in Q1/26 from $113 million in Q1/25.
- Revenue grew to $584 million in Q1/26 compared to $552 million in Q1/25.
- Net earnings rose to $43 million ($0.35 per share) in Q1/26 from $24 million ($0.19 per share) in Q1/25.
- Return on Capital Employed (ROCE) reached a record 17.3% in Q1/26, up from 14.2% in Q1/25.
- Bank-adjusted net debt-to-EBITDA ratio improved to 0.9x at Q1/26 end from 1.3x in Q1/25.
- Engineered Systems (ES) backlog stood at $1.3 billion as of March 31, 2026.
- ES bookings were $483 million in Q1/26, significantly up from $205 million in Q1/25.
- Declared a quarterly dividend of CAD $0.0425 per share, payable June 3, 2026.