Enerflex Ltd 6-K, filed Feb 26, 2026
Enerflex Ltd. (EFXT)
About this 6-K
Enerflex Ltd filed this 6-K on February 26, 2026.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Section 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of February 2026
Commission File Number: 001-41531
Enerflex Ltd.
(Exact name of Registrant as Specified in Its Charter)
Suite 904, 1331 Macleod Trail S.E.
Calgary, Alberta, Canada, T2G 0K3
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F☐ Form 40-F☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1). ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):☐
SIGNATURES
Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Company Name |
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Date: February 25, 2026 |
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By: |
/s/ Justin D. Pettigrew |
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Justin D. Pettigrew |
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Corporate Secretary and Associate General Counsel, Corporate |
ENERFLEX LTD. ANNOUNCES FOURTH QUARTER 2025 FINANCIAL AND OPERATIONAL RESULTS, AGREEMENT TO DIVEST NON-CORE BUSINESS AND PROVIDES PRELIMINARY OUTLOOK FOR 2026
ADJUSTED EBITDA OF $123 MILLION AND RECORD FREE CASH FLOW OF $141 MILLION
REDUCED NET DEBT TO $501 MILLION OR APPROXIMATELY 1.0x TTM ADJUSTED EBITDA AT THE END OF Q4/25
STRONG OPERATIONAL VISIBILITY WITH ES AND EI BACKLOG OF $1.1 BILLION AND $1.3 BILLION, RESPECTIVELY
SIGNED AN AGREEMENT TO DIVEST OPERATIONS IN ASIA PACIFIC REGION, CONTINUING EFFORTS TO OPTIMIZE AND SIMPLIFY ENERFLEX’S BUSINESS
CAPITAL EXPENDITURES FOR 2026 TARGETED AT $175 TO $195 MILLION, INCLUDING $90 TO $100 MILLION FOR GROWTH OPPORTUNITIES
NEWS RELEASE
CALGARY, Alberta, February 25, 2026 – Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) today reported its financial and operational results for the three and twelve months ended December 31, 2025.
All amounts presented are in U.S. Dollars unless otherwise stated.
Q4/25 FINANCIAL OVERVIEW
Q4/24 Earnings News Release
STRATEGIC AND OPERATIONAL HIGHLIGHTS
Q4/25 Earnings News Release 2
SHAREHOLDER RETURNS
BALANCE SHEET AND LIQUIDITY
MANAGEMENT COMMENTARY
Paul Mahoney, Enerflex’s President and Chief Executive Officer stated: “Strong fourth quarter operational and financial results cap off an excellent year for Enerflex, a testament to the resilience, commitment, and deep knowledge of our global team. The Energy Infrastructure and After-Market Services business lines continue to be the foundation of our results and contributed 65% of our gross margin before depreciation and amortization during 2025, consistent with our initial guidance. The Engineered Systems business line continued to demonstrate strong project execution and visibility for this business line remains solid, supported by a $1.1 billion backlog at the end of Q4/25 and healthy bidding prospects.
Over the course of 2025, we continued to advance our business and took meaningful steps to enhance long-term shareholder value. While there remains important work ahead to fully realize our ambitions, I am encouraged by the momentum across our global operations and am confident in our ability to build on this foundation during 2026.”
Mr. Mahoney added, “I would like to thank our strong team in the APAC region for their commitment to Enerflex and their contributions as we built a leading AMS business in the APAC region. The accretive divestiture announced today underscores Enerflex’s commitment to simplifying and optimizing our operations while sharpening our focus on our core regions of North America, Latin America, and the Middle East. Enerflex and INNIO share a long-standing global relationship, including Enerflex’s role as a channel partner across our core regions, and we look forward to building on this partnership.”
Preet Dhindsa, Enerflex's Senior Vice President and Chief Financial Officer, added: “Enerflex generated record free cash flow in the fourth quarter, with capital allocation continuing to balance disciplined growth, direct shareholder returns, and enhancements to our financial flexibility. Enerflex’s bank adjusted leverage ratio
Q4/25 Earnings News Release 3
declined to approximately 1.0x at the end of Q4/25 and we further solidified our financial position with a successful refinancing of our high yield notes. We remain focused on enhancing profitability of our core operations, growing our business in a disciplined and structured way, and ensuring Enerflex generates sustained, attractive returns for shareholders.”
SUMMARY RESULTS
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Three months ended December 31, |
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Twelve months ended December 31, |
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($ millions, except percentages and ratios) |
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2025 |
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2024 |
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2025 |
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2024 |
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Revenue |
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$ |
627 |
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$ |
561 |
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$ |
2,571 |
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$ |
2,414 |
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Gross margin ("GM") |
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143 |
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140 |
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582 |
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504 |
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GM as a percentage of revenue ("GM %") |
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22.8 |
% |
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25.0 |
% |
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22.6 |
% |
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20.9 |
% |
Selling, general and administrative expenses (“SG&A”) |
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83 |
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92 |
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272 |
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327 |
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Operating income |
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57 |
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50 |
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306 |
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173 |
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EBITDA1 |
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83 |
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92 |
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444 |
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364 |
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EBIT1 |
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43 |
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47 |
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283 |
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179 |
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Net (loss) earnings |
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(57 |
) |
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15 |
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64 |
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32 |
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Long-term debt |
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582 |
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708 |
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582 |
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708 |
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Net debt2 |
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501 |
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616 |
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501 |
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616 |
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Cash provided by operating activities |
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179 |
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113 |
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345 |
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324 |
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Key Financial Performance Indicators (“KPIs”) |
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ES backlog3 |
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$ |
1,110 |
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$ |
1,280 |
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$ |
1,110 |
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$ |
1,280 |
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ES bookings3 |
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377 |
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301 |
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1,286 |
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1,401 |
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EI contract backlog4 |
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1,321 |
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1,545 |
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1,321 |
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1,545 |
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GM before depreciation and amortization (“GM before D&A”)5 |
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177 |
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174 |
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719 |
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642 |
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GM before D&A as a percentage of revenue ("GM before D&A %")5 |
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28.2 |
% |
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31.0 |
% |
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28.0 |
% |
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26.6 |
% |
Adjusted EBITDA6 |
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123 |
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121 |
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511 |
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432 |
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Free cash flow7 |
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141 |
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76 |
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230 |
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222 |
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Bank-adjusted net debt to EBITDA ratio7 |
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1.0 |
x |
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1.5x |
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1.0 |
x |
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1.5x |
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Return on capital employed (“ROCE”)7,8 |
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16.9 |
% |
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10.3 |
% |
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16.9 |
% |
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10.3 |
% |
1EBITDA is defined as earnings before net finance costs, income taxes, depreciation and amortization. EBIT is defined as earnings before finance costs and income taxes.
2Net debt is defined as total long-term debt less cash and cash equivalents as presented in the Financial Statements.
3Refer to the “ES Backlog and Bookings” section of the MD&A for further details.
4Refer to the “EI Contract Backlog” section of the MD&A for further details.
5 Refer to the “GM before D&A by Product Line and Recurring GM before D&A” section of the MD&A for further details.
6Refer to the “Adjusted EBITDA” section of the MD&A for further details.
7Refer to the “Non-IFRS Measures” section of the MD&A for further details.
8Determined by using the trailing 12-month ("TTM") period
Enerflex’s consolidated financial statements and notes (the “Financial Statements”) and Management’s Discussion and Analysis (“MD&A”) as at December 31, 2025, can be accessed on the Company’s website at www.enerflex.com and under the electronic profile of the Company on SEDAR+ and EDGAR at www.sedarplus.ca and www.sec.gov/edgar, respectively.
Q4/25 Earnings News Release 4
OUTLOOK
Enerflex’s preliminary outlook for 2026 reflects steady demand across its business lines and geographic regions. Operating results will continue to be underpinned by the highly contracted Energy Infrastructure (“EI”) product line and the recurring nature of After Market Services (“AMS”). The EI product line is supported by customer contracts expected to generate approximately $1.3 billion of revenue over their remaining terms.
Performance for Enerflex's Engineered Systems (“ES”) product line is expected to remain steady, supported by a backlog of approximately $1.1 billion as at December 31, 2025, the majority of which is expected to convert into revenue over the next 12 months. The medium-term outlook for ES products and services continues to be attractive, driven by expected increases in natural gas and electric power generation across Enerflex’s core operating countries.
Enerflex’s priorities in 2026 include:
Capital Allocation
Enerflex is targeting organic capital expenditures of $175 million to $195 million during 2026. This includes: (1) organic growth capital expenditures of $90 million to $100 million; (2) maintenance capital expenditures of $70 million to $80 million; and (3) PP&E and infrastructure investments of approximately $15 million to support the Company’s ES business and activity in adjacent markets, including electric power generation.
Organic growth capital spending will continue to focus on customer supported opportunities and primarily allocated to expand the Company’s contract compression fleet in the U.S. Notably, the fundamentals for contract compression in the U.S. remain strong, led by expected increases in natural gas production and capital spending discipline from market participants. Although not contemplated in the Company’s 2026 capital spending plan, Enerflex continues to evaluate opportunities to organically expand its business in the Middle East.
Providing meaningful direct shareholder returns is a priority for Enerflex. During 2025, Enerflex returned $40 million to shareholders through dividend ($17 million) and share repurchases ($23 million). Going forward, capital allocation decisions will be based on delivering value to Enerflex shareholders and measured against Enerflex’s ability to maintain balance sheet strength. In addition to disciplined growth capital spending, share repurchases and dividends, Enerflex will also consider further debt reduction to strengthen its balance sheet and lower net finance costs.
DIVIDEND DECLARATION
Enerflex is committed to paying a sustainable quarterly cash dividend to shareholders. The Board of Directors has declared a quarterly dividend of CAD$0.0425 per share, payable on March 25, 2026 to shareholders of record on March 11, 2026.
CONFERENCE CALL AND WEBCAST DETAILS
Q4/25 Earnings News Release 5
Investors, analysts, members of the media, and other interested parties, are invited to participate in a conference call and audio webcast on Thursday, February 26, 2026 at 8:00 a.m. (MST), where members of senior management will discuss the Company’s results. A question-and-answer period will follow.
To participate, register at https://register-conf.media-server.com/register/BI52a508f5bca84d6ba0a59d80682b4bdc. Once registered, participants will receive the dial-in numbers and a unique PIN to enter the call. The audio webcast of the conference call will be available on the Enerflex website at www.enerflex.com under the Investors section or can be accessed directly at https://edge.media-server.com/mmc/p/bjd73ca2/.
NON-IFRS MEASURES
Throughout this news release and other materials disclosed by the Company, Enerflex employs certain measures to analyze its financial performance, financial position, and cash flows, including net debt-to-EBITDA ratio, ES backlog and bookings, EI contract backlog, free cash flow, GM before depreciation and amortization and bank-adjusted net debt-to-EBITDA ratio. These non-IFRS measures are not standardized financial measures under IFRS and may not be comparable to similar financial measures disclosed by other issuers. Accordingly, non-IFRS measures should not be considered more meaningful than generally accepted accounting principles measures as indicators of Enerflex’s performance. Refer to “Non-IFRS Measures” of Enerflex’s MD&A for the three and twelve months ended December 31, 2025, for information which is incorporated by reference into this news release and can be accessed on Enerflex’s website at www.enerflex.com and under the electronic profile of the Company on SEDAR+ and EDGAR at www.sedarplus.ca and www.sec.gov/edgar, respectively.
Adjusted EBITDA
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Three months ended December 31, 2025 |
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($ millions) |
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NAM |
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LATAM |
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EH |
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Total |
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Net loss1 |
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$ |
(57 |
) |
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Income taxes1 |
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41 |
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Net finance costs1,2 |
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59 |
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EBIT3 |
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$ |
42 |
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$ |
9 |
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$ |
5 |
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$ |
43 |
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Depreciation and amortization |
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|
16 |
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|
|
11 |
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|
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13 |
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|
|
40 |
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EBITDA |
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$ |
58 |
|
|
$ |
20 |
|
|
$ |
18 |
|
|
$ |
83 |
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Share-based compensation |
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|
10 |
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2 |
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|
|
3 |
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|
|
15 |
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Impact of finance leases |
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Principal payments received |
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- |
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- |
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|
|
12 |
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|
12 |
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Derecognition of redemption options3 |
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|
|
13 |
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|||
Adjusted EBITDA |
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$ |
68 |
|
|
$ |
22 |
|
|
$ |
33 |
|
|
$ |
123 |
|
1The Company included net loss, income taxes, and net finance costs on a consolidated basis to reconcile to EBIT.
2Net finance costs are considered corporate expenditure and therefore have not been allocated to reporting segments.
3EBIT includes $13 million derecognition of the embedded derivative asset associated with the redemption options in the 2027 Notes on the early redemption. Debt is managed within Corporate and is not allocated to reporting segments.
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Three months ended December 31, 2024 |
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($ millions) |
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NAM |
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LATAM |
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|
EH |
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Total |
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||||
Net earnings1 |
|
|
|
|
|
|
|
|
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|
$ |
15 |
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|||
Income taxes1 |
|
|
|
|
|
|
|
|
|
|
|
6 |
|
|||
Net finance costs1,2 |
|
|
|
|
|
|
|
|
|
|
|
26 |
|
|||
EBIT3 |
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$ |
34 |
|
|
$ |
11 |
|
|
$ |
4 |
|
|
$ |
47 |
|
Depreciation and amortization |
|
|
19 |
|
|
|
12 |
|
|
|
14 |
|
|
|
45 |
|
EBITDA |
|
$ |
53 |
|
|
$ |
23 |
|
|
$ |
18 |
|
|
$ |
92 |
|
Restructuring, transaction and integration costs |
|
|
1 |
|
|
|
- |
|
|
|
- |
|
|
|
1 |
|
Share-based compensation |
|
|
11 |
|
|
|
2 |
|
|
|
3 |
|
|
|
16 |
|
Impact of finance leases |
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|
|
|
|
|
|
|
|
|
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|
||||
Principal payments received |
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|
- |
|
|
|
- |
|
|
|
10 |
|
|
|
10 |
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Unrealized loss on redemption options3 |
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|
|
|
|
|
|
|
|
|
|
2 |
|
|||
Adjusted EBITDA |
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$ |
65 |
|
|
$ |
25 |
|
|
$ |
31 |
|
|
$ |
121 |
|
Q4/25 Earnings News Release 6
1The Company included net earnings, income taxes, and net finance costs on a consolidated basis to reconcile to EBIT.
2Net finance costs are considered corporate expenditure and therefore have not been allocated to reporting segments.
3EBIT includes $2 million unrealized loss on the embedded derivative asset associated with the redemption options in the 2027 Notes. Debt is managed within Corporate and is not allocated to reporting segments.
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Twelve months ended December 31, 2025 |
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($ millions) |
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NAM |
|
|
LATAM |
|
|
EH |
|
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Total |
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||||
Net earnings1 |
|
|
|
|
|
|
|
|
|
|
$ |
64 |
|
|||
Income taxes1 |
|
|
|
|
|
|
|
|
|
|
|
99 |
|
|||
Net finance costs1,2 |
|
|
|
|
|
|
|
|
|
|
|
120 |
|
|||
EBIT3 |
|
$ |
188 |
|
|
$ |
59 |
|
|
$ |
53 |
|
|
$ |
283 |
|
Depreciation and amortization |
|
|
64 |
|
|
|
42 |
|
|
|
55 |
|
|
|
161 |
|
EBITDA |
|
$ |
252 |
|
|
$ |
101 |
|
|
$ |
108 |
|
|
$ |
444 |
|
Share-based compensation |
|
|
17 |
|
|
|
4 |
|
|
|
5 |
|
|
|
26 |
|
Impact of finance leases |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Upfront gain |
|
|
- |
|
|
|
- |
|
|
|
(14 |
) |
|
|
(14 |
) |
Principal payments received |
|
|
- |
|
|
|
- |
|
|
|
38 |
|
|
|
38 |
|
Derecognition and unrealized loss on redemption options3 |
|
|
|
|
|
|
|
|
|
|
|
17 |
|
|||
Adjusted EBITDA |
|
$ |
269 |
|
|
$ |
105 |
|
|
$ |
137 |
|
|
$ |
511 |
|
1The Company included net earnings, income taxes, and net finance costs on a consolidated basis to reconcile to EBIT.
2Net finance costs are considered corporate expenditure and therefore have not been allocated to reporting segments.
3EBIT includes $17 million derecognition and unrealized loss on redemption options associated with the 2027 Notes. The early redemption resulted in derecognition of the embedded derivative asset associated with the redemption options in the 2027 Notes. Debt is managed within Corporate and is not allocated to reporting segments.
|
Twelve months ended December 31, 2024 |
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($ millions) |
|
NAM |
|
|
LATAM |
|
|
EH |
|
|
Total |
|
||||
Net earnings1 |
|
|
|
|
|
|
|
|
|
|
$ |
32 |
|
|||
Income taxes1 |
|
|
|
|
|
|
|
|
|
|
|
49 |
|
|||
Net finance costs1,2 |
|
|
|
|
|
|
|
|
|
|
|
98 |
|
|||
EBIT3 |
|
$ |
166 |
|
|
$ |
29 |
|
|
$ |
(33 |
) |
|
$ |
179 |
|
Depreciation and amortization |
|
|
74 |
|
|
|
53 |
|
|
|
58 |
|
|
|
185 |
|
EBITDA |
|
$ |
240 |
|
|
$ |
82 |
|
|
$ |
25 |
|
|
$ |
364 |
|
Restructuring, transaction and integration costs |
|
|
7 |
|
|
|
4 |
|
|
|
3 |
|
|
|
14 |
|
Share-based compensation |
|
|
19 |
|
|
|
5 |
|
|
|
5 |
|
|
|
29 |
|
Impact of finance leases |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Upfront gain |
|
|
- |
|
|
|
- |
|
|
|
(3 |
) |
|
|
(3 |
) |
Principal payments received |
|
|
- |
|
|
|
1 |
|
|
|
44 |
|
|
|
45 |
|
Unrealized gain on redemption options3 |
|
|
|
|
|
|
|
|
|
|
|
(17 |
) |
|||
Adjusted EBITDA |
|
$ |
266 |
|
|
$ |
92 |
|
|
$ |
74 |
|
|
$ |
432 |
|
1The Company included net earnings, income taxes, and net finance costs on a consolidated basis to reconcile to EBIT.
2Net finance costs are considered corporate expenditure and therefore have not been allocated to reporting segments.
3EBIT includes $17 million unrealized gain on the embedded derivative asset associated with the redemption options in the 2027 Notes. Debt is managed within Corporate and is not allocated to reporting segments.
Free cash flow
The Company defines free cash flow as cash provided by (used in) operating activities, less total capital expenditures (growth and maintenance) for EI assets - operating leases and PP&E, mandatory debt repayments, and lease payments, while proceeds on disposals of PP&E and EI assets - operating leases are added back. Free cash flow may not be comparable to similar measures presented by other companies as it does not have a standardized meaning under IFRS. Management uses this non-IFRS measure to assess the level of free cash generated to fund other non-operating activities. These activities could include dividend payments, share repurchases, and non-mandatory debt repayments. Free cash flow is also used in calculating the dividend payout ratio.
Q4/25 Earnings News Release 7
|
|
Three months ended December 31, |
|
|
Twelve months ended December 31, |
|
||||||||||
($ millions, except percentages) |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
||||
Funds from operations ("FFO")1 |
|
$ |
60 |
|
|
$ |
74 |
|
|
$ |
326 |
|
|
$ |
218 |
|
Net change in working capital and other |
|
|
119 |
|
|
|
39 |
|
|
|
19 |
|
|
|
106 |
|
Cash provided by operating activities ("CFO")2 |
|
$ |
179 |
|
|
$ |
113 |
|
|
$ |
345 |
|
|
$ |
324 |
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Capital expenditures - Maintenance and PP&E |
|
|
(20 |
) |
|
|
(21 |
) |
|
|
(57 |
) |
|
|
(53 |
) |
Capital expenditures - Growth |
|
|
(14 |
) |
|
|
(11 |
) |
|
|
(58 |
) |
|
|
(22 |
) |
Mandatory debt repayments |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(10 |
) |
Lease payments |
|
|
(7 |
) |
|
|
(5 |
) |
|
|
(23 |
) |
|
|
(20 |
) |
Add: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Proceeds on disposals of PP&E and EI assets - operating leases |
|
|
3 |
|
|
|
- |
|
|
|
23 |
|
|
|
3 |
|
Free cash flow |
|
$ |
141 |
|
|
$ |
76 |
|
|
$ |
230 |
|
|
$ |
222 |
|
Dividends paid |
|
|
4 |
|
|
|
2 |
|
|
|
17 |
|
|
|
9 |
|
Dividend payout ratio |
|
|
2.8 |
% |
|
|
2.6 |
% |
|
|
7.4 |
% |
|
|
4.1 |
% |
1Enerflex also refers to cash provided by operating activities before changes in working capital and other as “Funds from Operations” or “FFO”.
2Enerflex also refers to cash provided by operating activities as “Cashflow from Operations” or “CFO”.
Bank-adjusted net debt-to-ebitda ratio
Enerflex defines bank-adjusted net debt to EBITDA as borrowings under the Revolving Credit Facility (“RCF”) and Notes less cash and cash equivalents, divided by EBITDA for the trailing 12-months, as defined by the Company’s lenders. In assessing the Company's compliance with financial covenants related to its debt, certain adjustments are made to EBITDA to determine Enerflex's bank-adjusted net debt to EBITDA ratio. These adjustments, and Enerflex's bank-adjusted net debt to EBITDA ratio, are calculated in accordance with, and derived from, the Company's financing agreements.
Gross Margin before Depreciation and Amortization
Gross margin before depreciation and amortization is a non-IFRS measure defined as gross margin excluding the impact of depreciation and amortization. The historical costs of assets may differ if they were acquired through acquisition or constructed, resulting in differing depreciation. Gross margin before depreciation and amortization is useful to present operating performance of the business before the impact of depreciation and amortization that may not be comparable across assets.
Advisory Regarding Forward-looking Information
This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” (and together with “forward-looking information”, “FLI”) within the meaning of the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are FLI. The use of any of the words “anticipate”, “believe”, “could”, “expect”, “future”, “may”, “potential”, “should”, “will” and similar expressions, (including negatives thereof) are intended to identify FLI.
In particular, this news release includes (without limitation) FLI pertaining to:
Q4/25 Earnings News Release 8
FLI reflect Management's current beliefs and assumptions with respect to such things as the impact of general economic conditions; commodity prices; the markets in which Enerflex's products and services are used;
Q4/25 Earnings News Release 9
general industry conditions, forecasts, and trends; changes to, and introduction of new, governmental regulations, laws, and income taxes; increased competition; availability of qualified personnel; political unrest and geopolitical conditions; and other factors, many of which are beyond the control of Enerflex. More specifically, Enerflex’s expectations in respect of its FLI are based on a number of assumptions, estimates and projections developed based on past experience and anticipated trends, including but not limited to the ability of the Company to proactively manage the ES business line in response to near-term risks and uncertainties, including tariffs and commodity price volatility;
As a result of the foregoing, actual results, performance, or achievements of Enerflex could differ and such differences could be material from those expressed in, or implied by, the FLI. The principal risks, uncertainties and other factors affecting Enerflex and its business are identified under the heading "Risk Factors"in: (i) Enerflex's Annual Information Form for the year ended December 31, 2025, dated February 25, 2026; and (ii) in other filings with Canadian securities regulators and the SEC, copies of which are available under the electronic profile of the Company on SEDAR+ and EDGAR at www.sedarplus.ca and www.sec.gov/edgar, respectively. Other unpredictable or unknown factors not discussed in this news release could have material adverse effects on the actual results, performance, or achievements of Enerflex expressed in, or implied by, the FLI.
The FLI included in this news release are made as of the date of this news release and are based on the information available to the Company at such time and, other than as required by law, Enerflex disclaims any intention or obligation to update or revise any FLI, whether as a result of new information, future events, or
Q4/25 Earnings News Release 10
otherwise. This news release and its contents should not be construed, under any circumstances, as investment, tax, or legal advice.
The outlook provided in this news release is based on assumptions about future events, including economic conditions and proposed courses of action, based on Management's assessment of the relevant information currently available. The outlook is based on the same assumptions and risk factors set forth above and is based on the Company's historical results of operations. The outlook set forth in this news release was approved by Management and the Board of Directors. Management believes that the prospective financial information set forth in this news release has been prepared on a reasonable basis, reflecting Management's best estimates and judgments, and represents the Company's expected course of action in developing and executing its business strategy relating to its business operations. The prospective financial information set forth in this news release should not be relied on as necessarily indicative of future results. Actual results may vary, and such variance may be material.
About Enerflex
Enerflex is a leading provider of modular natural gas, power technology and treated water solutions, delivering value through disciplined execution and a deliberate approach to where we compete. Our customer focused delivery model supports operational excellence, innovation, and scalability across our global footprint with a focus on creating long-term shareholder value.
With approximately 4,400 engineers, manufacturers, technicians, professionals, and innovators, Enerflex is bound together by a shared vision: Transforming Energy for a Sustainable Future. The Company remains committed to the future of natural gas and the critical role it plays, while focused on sustainability offerings to support the world’s energy needs.
Enerflex’s common shares trade on the Toronto Stock Exchange under the symbol “EFX” and on the New York Stock Exchange under the symbol “EFXT”. For more information about Enerflex, visit www.enerflex.com.
For investor and media enquiries, contact:
Paul Mahoney
President and Chief Executive Officer
E-mail: PMahoney@enerflex.com
Preet S. Dhindsa
Senior Vice President and Chief Financial Officer
E-mail: PDhindsa@enerflex.com
Jeff Fetterly
Vice President, Corporate Development and Capital Markets
E-mail: JFetterly@enerflex.com
Q4/25 Earnings News Release 11