08:01 AM EST, 11/06/2025 (MT Newswires) -- Enerflex ( EFXT ) was at last look up near 0.4% in US premarket trade after it reported Thursday a dividend hike following an increase in net earnings and revenue for the third quarter.

The board increased the quarterly dividend by 13% to C$0.0425 per share, effective with the dividend payable in December, reflecting Enerflex's ( EFXT ) strong financial position and its priority to provide direct shareholder returns.

The company booked net earnings of US$37 million, or US$0.30 per share, rising from US$30 million, or US$0.24 per share, in the third quarter of 2024 and beating the analyst consensus forecast of US$0.23 per share compiled by FactSet..

Revenue jumped to US$777 million, up from US$601 million a year ago and above the analyst consensus estimate of US$701.9 million compiled by FactSet.

Adjusted EBITDA rose to US$145 million from US$120 million.

"Financial results and operational performance in Q3/25 reflect continued strength and stability across our global platform," President and Chief Executive Officer Paul Mahoney said. "The Energy Infrastructure and After-Market Services business lines continue to be the foundation of our results and contributed 58% of our gross margin before depreciation and amortization during the third quarter."

"The Engineered Systems business line benefitted from favorable project sequencing and strong execution to generate the highest quarterly operating revenue in its history," Mahoney added. "Visibility for the Engineered Systems business line remains solid, supported by a US$1.1 billion backlog at the end of Q3/25 and healthy bidding prospects."