GlobeNewswire·Oct 29, 2026, 6:00 AM ET

Enerflex Ltd. Announces Third Quarter 2026 Financial and Operational Results and Increased Dividend

Enerflex reported adjusted EBITDA of $129 million, free cash flow of $102 million, & return on capital employed of 15.8% for the three months ended September 30, 2026.
The company recorded record Engineering Systems (ES) bookings of $1.0 billion & a backlog of $2.1 billion for the quarter.
Quarterly dividends were increased by approximately 17% to $0.035 per share, payable on November 25, 2026.
Revenue for the quarter was $623 million, down from $777 million in Q3 2025, primarily due to the prior-year recognition of the Bisat C Expansion project.
The Board approved the divestiture of the majority of Asia Pacific operations to INNIO Group for $62 million to sharpen focus on core regions.
Backlog for behind-the-meter natural gas-fired power generation now exceeds 1.75 gigawatts, including recent awards for North American data centers.
Net debt decreased to $312 million, resulting in a bank-adjusted net debt-to-EBITDA ratio of 0.6x.
Capital allocation for 2026 is targeted between $185 million & $195 million, including $100 million for organic growth & $30 million to $40 million for ES infrastructure investments.
The U.S. contract compression business maintained 94% utilization with a fleet size of 521,000 horsepower as of September 30, 2026.
Enerflex launched its ReliaCore™ digital platform, integrating over 900 assets to support lifecycle services management & operational efficiency.