Quarterly ResultAug 6, 2026, 06:02 AM
Enerflex Q2 Adjusted EBITDA $128M, Free Cash Flow $32M; ES Backlog $1.5B
AI Summary
Enerflex Ltd. reported Q2 2026 financial results with Adjusted EBITDA of $128 million and a significant improvement in Free Cash Flow to $32 million. The company achieved a record Engineered Systems (ES) backlog of $1.5 billion, indicating strong future revenue visibility. While revenue and net earnings saw a slight year-over-year decrease, operational performance remained solid, supported by disciplined execution and strategic initiatives. Enerflex also strengthened its financial flexibility by extending its revolving credit facility to 2029 and reducing net debt to $455 million.
Key Highlights
- Adjusted EBITDA was $128 million in Q2 2026, compared to $130 million in Q2 2025.
- Free Cash Flow increased to $32 million in Q2 2026, up from -$39 million in Q2 2025.
- ES backlog reached $1.5 billion at the end of Q2 2026, the highest level in company history.
- Revenue for Q2 2026 was $582 million, compared to $615 million in Q2 2025.
- Net earnings were $30 million ($0.25 per share) in Q2 2026, down from $60 million ($0.49 per share) in Q2 2025.
- Return on Capital Employed (ROCE) was 15.4% in Q2 2026.
- Net debt decreased to $455 million at Q2 2026, a reduction of $153 million from Q2 2025.
- Organic growth capital expenditures are forecasted at $100 million for 2026.
- A quarterly dividend of CAD $0.0425 per share was declared.
Price Impact
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