Enerflex (NYSE:EFXT – Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.06), Zacks reports. The business had revenue of $582.00 million during the quarter, compared to analyst estimates of $606.78 million. Enerflex had a return on equity of 11.86% and a net margin of 2.06%.
Here are the key takeaways from Enerflex’s conference call:
- Engineered Systems bookings remained strong at CAD 488 million in Q2, with first-half bookings nearing CAD 1 billion and a record CAD 1.5 billion backlog. Management said demand spans cryogenic processing, LNG refrigeration, compression, and power generation, with further strength expected in Q3.
- U.S. Contract Compression delivered 93% fleet utilization across approximately 496,000 horsepower, supported by Permian Basin production growth. Enerflex continues to target 10%–15% customer-backed fleet expansion in 2026 and has secured long-lead components to support growth through 2029.
- Balance-sheet and cash-flow metrics improved, with free cash flow rising to CAD 32 million and net debt declining to CAD 455 million, or approximately 0.8 times bank-adjusted net debt to EBITDA. The company also extended its CAD 800 million revolving credit facility maturity to 2029.
- Q2 revenue declined to CAD 582 million from CAD 615 million a year earlier, while net earnings fell to CAD 30 million from CAD 60 million. Higher stock-based compensation, increased SG&A, project sequencing, and the absence of a prior-year unrealized gain pressured results.
- Enerflex raised the midpoint-related scope of its 2026 organic growth capital program to CAD 185 million–CAD 195 million, primarily to expand Contract Compression capacity. Management also highlighted a power-generation opportunity pipeline exceeding seven gigawatts, including ongoing engagement with hyperscalers and prime power providers, though no data-center bookings were included in Q2.
Enerflex Price Performance
Shares of EFXT stock traded down $0.68 on Friday, hitting $20.00. 609,013 shares of the company’s stock were exchanged, compared to its average volume of 561,028. The company has a 50 day moving average of $23.68 and a 200 day moving average of $22.60. The stock has a market cap of $2.44 billion, a P/E ratio of 46.50 and a beta of 1.86. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.20 and a quick ratio of 0.89. Enerflex has a 12 month low of $8.81 and a 12 month high of $29.15.
Enerflex Announces Dividend
Analyst Ratings Changes
Several research analysts have recently commented on EFXT shares. Zacks Research cut shares of Enerflex from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. TD Securities reiterated a “buy” rating on shares of Enerflex in a research note on Friday, May 8th. Royal Bank Of Canada increased their price target on Enerflex from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Wall Street Zen lowered Enerflex from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and issued a $30.00 price objective on shares of Enerflex in a report on Friday, July 10th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Enerflex has a consensus rating of “Moderate Buy” and a consensus target price of $36.00.
Check Out Our Latest Research Report on EFXT
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC acquired a new stake in shares of Enerflex in the 4th quarter valued at approximately $31,000. Shelton Capital Management acquired a new position in Enerflex during the 3rd quarter worth approximately $136,000. Schonfeld Strategic Advisors LLC bought a new position in Enerflex in the 3rd quarter valued at approximately $138,000. Prelude Capital Management LLC bought a new position in Enerflex in the 3rd quarter valued at approximately $147,000. Finally, NewEdge Advisors LLC boosted its position in Enerflex by 984.3% in the first quarter. NewEdge Advisors LLC now owns 22,791 shares of the company’s stock valued at $176,000 after buying an additional 20,689 shares in the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.
About Enerflex
Enerflex Ltd is a Calgary‐headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.
The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.
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