Enerflex Ltd. (EFXT) Form 6-K — Aug 6, 2026
Enerflex reported Q2 2026 revenue of $582 million, down from $615 million a year earlier, with net earnings of $30 million ($0.25 per share) versus $60 million ($0.49 per share) in Q2/25. Adjusted EBITDA of $128 million was roughly flat against $130 million, while free cash flow swung to a $32 million source of cash from a $39 million use in the prior-year quarter. Forward indicators were the standout: Engineered Systems bookings of $488 million drove a 1.6x book-to-bill and lifted ES backlog to a record $1.5 billion, the highest in Enerflex's history.
Key figures
- Eps
- 0.25
- Revenue
- 582
- Guidance
- 2026 organic capex refined to $185-195 million (prior $175-195 million), including ~$100 million growth capex (prior $90-100 million), $70-80 million maintenance capex, and ~$15 million PP&E/infrastructure investment; targeted 10-15% U.S. contract compression fleet growth in 2026
- Net Income
- 30
- Total Debt
- 529
- Revenue Yoy
- -5.4% vs Q2/25 (stated as a $33 million decrease from $615 million)
- Total Assets
- 2804
- Cash Position
- 74
- Shares Outstanding
- 122,086,713 weighted average basic in Q2/26
- Cfo Usd M
- 89
- Ffo Usd M
- 87
- Roce Pct
- 15.4%
- Sg And AUsd M
- 81
- Net Debt Usd M
- 455
- Q2 Capex Usd M
- 53
- Rcf Maturity
- June 30, 2029
- Es Book To Bill
- 1.6x in Q2/26; 1.1x trailing eight quarters
- Es Backlog Usd B
- 1.5
- Gross Margin Pct
- 23.9% (vs 22.6% in Q2/25)
- Gross Margin Usd M
- 139
- Es Bookings H1 Usd M
- 971
- Es Bookings Q2 Usd M
- 488
- Free Cash Flow Usd M
- 32
- Rcf Accordion Usd M
- 200
- Adjusted Ebitda Usd M
- 128
- Dividend Payment Date
- September 2, 2026
- Dividend Per Share Cad
- 0.0425
- Operating Income Usd M
- 58
- Rcf Availability Usd M
- 800
- Assets Held For Sale Usd M
- 79
- Ei Contract Backlog Usd B
- 1.2
- Weighted Avg Diluted Shares
- 122196008
- Compression Utilization Pct
- 93%
- Compression Fleet Horsepower
- 496000
- Distributed Power Pipeline Gw
- exceeding 7 GW
- Bank Adjusted Net Debt To Ebitda
- approximately 0.8x (vs 1.3x at Q2/25)
- Unsatisfied Performance Obligations Usd M
- 2837
AI analysis
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