Enerflex (ADR)
Builds modular natural-gas, power-technology, and treated-water solutions for energy infrastructure.
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Profile
Supplies modular technologies for natural-gas, power, and treated-water applications, building on equipment manufacturing and aftermarket services. The Exterran acquisition joined Enerflex’s Canadian legacy with a larger global energy-infrastructure platform.
Modular natural-gas, power-technology, and treated-water solutions form the core offering. The business grew from equipment manufacturing into aftermarket and water-treatment services, combining technology supply with support across energy infrastructure. It also includes related treated-water services.
Calgary-founded operations sit within a global energy-infrastructure platform. The Exterran acquisition connected the Canadian legacy business to a larger international footprint and effectively doubled the combined company’s size.
Transforming Energy for a Sustainable Future is the company’s stated shared vision. The Exterran transaction continues to define the organization’s current scale, leadership structure, and product footprint.
Company facts
Categories
Key statistics
Year to date +25.5% · Average volume (30d) 609.7K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 10, 2026 | CIBC | Target | $30 | $27.50 | |
| Jul 10, 2026 | CIBC | Reiterate | Neutral | $28 | $30 |
| May 28, 2026 | RBC Capital | Reiterate | Outperform | $20 | $32 |
| May 8, 2026 | CIBC | Target | $25.50 | $28 | |
| Apr 16, 2026 | CIBC | Reiterate | Neutral | $25.50 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.31 | $0.25 | −20.5% | $606.8M | $410.0M | −32.4% | −5.96% |
| May 7, 2026Q1 FY26 | $0.27 | $0.35 | +30.8% | $607.3M | $584.0M | −3.8% | −4.44% |
| Feb 26, 2026Q4 FY25 | $0.13 | $0.20 | +51.6% | $579.4M | $627.0M | +8.2% | −3.57% |
| Nov 6, 2025Q3 FY25 | $0.31 | $0.30 | −3.2% | $568.1M | $775.2M | +36.5% | +0.15% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $550.3M | $625.5M | $768.3M | $636.6M | $575.9M | $582.0M | |
| Gross profit | $121.6M | $135.3M | $164.1M | $139.1M | $140.0M | $139.0M | |
| Operating income | $70.8M | $79.3M | $99.9M | $60.9M | $65.1M | $58.0M | |
| Net income | $23.9M | $61.0M | $36.6M | −$57.9M | $42.4M | $30.0M | |
| Diluted EPS | $0.19 | $0.36 | $0.30 | −$0.48 | $0.35 | $0.25 | |
| Gross margin | 22.1% | 21.6% | 21.4% | 21.9% | 24.3% | 23.9% | |
| Operating margin | 12.9% | 12.7% | 13.0% | 9.6% | 11.3% | 10.0% |
Fiscal years (4-quarter sums)FY21 $759.3M · FY22 $1.35B · FY23 $2.36B · FY24 $2.40B · FY25 $2.58B
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $74.0M · Total debt $597.0M · Total assets $2.80B · Shareholders' equity $1.17B
Dividends
Raised for 2 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 19, 2026 | Aug 19 | Sep 2 | $0.0307 | cut from $0.0309 |
| May 20, 2026 | May 20 | Jun 3 | $0.0309 | cut from $0.0312 |
| Mar 11, 2026 | Mar 11 | Mar 25 | $0.0312 | raised from $0.0303 |
| Nov 17, 2025 | Nov 17 | Dec 1 | $0.0303 | raised from $0.0271 |
| Aug 18, 2025 | Aug 18 | Sep 2 | $0.0271 | |
| May 21, 2025 | May 21 | Jun 3 | $0.0271 | raised from $0.026 |
| Mar 10, 2025 | Mar 10 | Mar 24 | $0.026 | cut from $0.0267 |
| Nov 26, 2024 | Nov 26 | Jan 16 | $0.0267 | raised from $0.0184 |
Ownership
Shares outstanding 122.07M · Float 121.51M · 99.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Connor, Clark & Lunn Investment Management Ltd. | 13.47M | 11.04% | 13F | Aug 13, 2026 |
| Royal Bank of Canada | 8.53M | 6.99% | 13F | Aug 14, 2026 |
| Canoe Financial LP | 4.70M | 3.85% | 13F | Jul 16, 2026 |
| Mackenzie Financial Corp | 3.82M | 3.13% | 13F | Aug 13, 2026 |
| Hillsdale Investment Management Inc. | 3.62M | 2.96% | 13F | Aug 12, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Archrock
Large U.S. provider of contract compression and aftermarket services
- Kodiak Gas Services
Large-horsepower contract compression and gas-treating operator
- USA Compression Partners
Independent U.S. provider of midstream natural-gas compression
- Baker Hughes
Global supplier of gas-compression trains and energy technology
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Enerflex (ADR) | $20.00 | −0.02% | $2.44B | 47.6 | 10.7 | 0.9 | −9.2% |
| Archrock | $31.24 | −0.02% | $5.48B | 16.8 | 16.0 | 3.6 | −3.1% |
| Kodiak Gas Services | $58.00 | +0.62% | $5.82B | 67.1 | 22.4 | 4.2 | +21.2% |
| USA Compression Partners | $26.93 | +0.19% | $3.90B | 25.4 | 18.6 | 3.3 | +36.8% |
| Baker Hughes | $62.78 | +0.60% | $61.95B | 20.1 | 23.4 | 2.2 | −2.4% |
| Median | 22.7 | 20.5 | 3.5 | +9.4% |