Overview

* Enerflex ( EFXT ) Q3 revenue grows to $777 mln, beating analyst expectations

* Adjusted EBITDA reaches record $145 mln, driven by strong project execution

* Company increases quarterly dividend by 13% to CAD$0.0425 per share

Outlook

* Enerflex ( EFXT ) expects EI and AMS to account for 65% of gross margin in 2025

* ES backlog of $1.1 bln supports revenue visibility into 2026

* Company targets $120 mln in capital expenditures for 2025

Result Drivers

* BISAT-C EXPANSION - Revenue growth driven by $116 mln contribution from Bisat-C Expansion in EH segment

* PROJECT EXECUTION - Strong execution and early project milestone achievements boosted Q3 revenue

* COST SAVINGS - SG&A expenses reduced by $11 mln due to cost-saving initiatives and operational efficiencies

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $777 mln $689.98

Revenue mln (4

Analysts

)

Q3 Net $37 mln

Income

Q3 $145 mln

Adjusted

EBITDA

Q3 $102 mln

Operatin

g Income

Q3 ROCE 16.90%

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil related services and equipment peer group is "buy"

* Wall Street's median 12-month price target for Enerflex Ltd ( EFXT ) is C$19.00, about 6.2% above its November 5 closing price of C$17.82

* The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)