Enerflex Reports Q3 2026 Results with Record Engineered Systems Bookings and Increased Dividend
Enerflex (EFXT) reported third-quarter 2026 financial results characterized by a revenue decline to $623 million, down from $777 million in the prior year. This decrease was primarily attributed to the timing of project milestones and the absence of significant revenue recognition from the Bisat C expansion seen in Q3 2025. Despite lower revenue, net earnings rose to $0.45 per share compared to $0.30 in the previous year, aided by lower finance costs and proceeds from an Asia-Pacific divestiture. The company demonstrated strong momentum in its Engineered Systems segment, achieving record quarterly bookings of $1.024 billion and a massive backlog exceeding 1.75 gigawatts for behind-the-meter power generation. Operational efficiency improved with gross margins before D&A rising to 28.3%. Furthermore, Enerflex strengthened its balance sheet, reducing its bank-adjusted net debt-to-EBITDA ratio from 1.2x to 0.6x, while announcing a 17% increase in its quarterly dividend.
Tickers: $EFXT
Topics: Adjusted EBITDA Backlog Bookings Free Cash Flow Net Earnings Revenue