Enerflex reported second-quarter 2026 revenue of $582 million, down from $615 million a year earlier, while net earnings fell to $30 million or $0.25 per share from $60 million or $0.49 per share. Adjusted EBITDA edged lower to $128 million from $130 million, and the company generated free cash flow of $32 million compared to a use of cash of $39 million in the prior-year period. Engineered systems bookings reached $488 million, driving the backlog to a record $1.5 billion and a first-half book-to-bill ratio of 1.5 times. The energy infrastructure contract backlog stood at $1.2 billion, and U.S. contract compression utilization was 93% across a fleet of 496,000 horsepower. Net debt was reduced to $455 million, with a bank-adjusted net debt to EBITDA ratio of 0.8 times, and the company narrowed its 2026 organic capital expenditure guidance to $185 million to $195 million.
Enerflex Ltd.Record $1.5B engineered systems backlog and strong bookings indicate robust demand for Enerflex's products.
