Quarterly ResultMay 7, 2026, 11:36 AM
Enerflex Q1 Revenue $584M, Adjusted EBITDA $137M; Net Earnings $43M
AI Summary
Enerflex Ltd. reported strong first-quarter 2026 financial results, with revenue increasing to $584 million and adjusted EBITDA reaching $137 million. Net earnings significantly improved to $43 million, or $0.35 per share, compared to the prior year. The company achieved a record Return on Capital Employed of 17.3% and reduced its bank-adjusted net debt-to-EBITDA ratio to 0.9x. Enerflex also declared a quarterly dividend of CAD $0.0425 per share and announced the results of its Annual and Special Meeting of Shareholders.
Key Highlights
- Q1 2026 revenue increased to $584 million from $552 million in Q1 2025.
- Adjusted EBITDA rose to $137 million in Q1 2026, up from $113 million in Q1 2025.
- Net earnings were $43 million ($0.35 per share) in Q1 2026, compared to $24 million ($0.19 per share) in Q1 2025.
- Achieved a record Return on Capital Employed (ROCE) of 17.3% in Q1 2026.
- Bank-adjusted net debt-to-EBITDA ratio decreased to 0.9x at the end of Q1 2026.
- Engineered Systems (ES) backlog stood at $1.3 billion, with bookings of $483 million in Q1 2026.
- Declared a quarterly dividend of CAD $0.0425 per share, payable June 3, 2026.
- Shareholders approved the new omnibus incentive plan and reappointed auditors at the AGM.
Price Impact
More from EFXT
More in Quarterly Result