Enerflex Hits Record EBITDA, Maintains Strong Backlog

Enerflex (TSE:EFX) has released an update.

Enerflex Ltd. announced a record adjusted EBITDA of $122 million in Q2/24, showcasing robust financial health with stable backlogs in Engineered Systems and Energy Infrastructure totaling $2.9 billion. The firm is on track to achieve its net debt-to-EBITDA target, while capital spending for 2024 is expected at the lower end of the $90-$110 million forecast. These results reflect strong operational performance and visibility, as well as strategic growth in the U.S. contract compression business.

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