Record-Quarter for Adjusted EBITDA
Enerflex achieved a quarterly record for adjusted EBITDA at $130 million, up from $122 million in Q2 '24 and $113 million in Q1 2025.
Strong Performance in Energy Infrastructure
The Energy Infrastructure business reported gross margin before D&A of $86 million, up from $77 million in Q2 '24, supported by $1.5 billion of revenue under contract and over 90% utilization for the U.S. contract compression fleet.
Robust Engineered Systems Backlog
The Engineered Systems business maintained a backlog of $1.2 billion, consistent with the 8-quarter average, reflecting stable demand for Enerflex solutions.
Reduction in SG&A Expenses
SG&A expenses were reduced by $14 million compared to the prior year due to cost-saving initiatives and improved operational efficiencies.
Extended Credit Facility Maturity
Enerflex extended its credit facility maturity by 3 years to 2028, maintaining availability at $800 million, enhancing financial flexibility.