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Enerflex (TSE:EFX)
TSX:EFX
Earnings Data
Report Date
May 07, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.33Last Year’s EPS
0.26Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly positive view: solid YoY revenue growth, a $1.1B Engineered Systems backlog with increasing bookings, record free cash flow, improved ROCE and materially lower leverage following refinancing and cash generation. Strategic moves (APAC divestiture) and disciplined capital allocation plans (growth capex guidance and share repurchases/dividends) support a focused operating footprint. Key risks include engine lead-time constraints that may limit 2027 execution, sequential softness in revenue and adjusted EBITDA due to project timing, and notable one-time redemption and tax costs that produced a reported net loss for the quarter. Overall, the positive operational momentum, balance sheet improvement and cash generation materially outweigh the transitory and execution risks disclosed on the call.Company Guidance
Revenue Growth Year-over-Year
Q4 revenue of $627M compared to $561M in Q4 2024, an increase of approximately 11.8% YoY, reflecting strong execution in the Engineered Systems product line.
Engineered Systems Backlog and Bookings
Engineered Systems backlog of $1.1B at December 31, 2025; Q4 ES bookings of $377M vs $301M in Q4 2024 (+25.3%) and $339M in Q3 2025 (+11.2%); ES book-to-bill of 1.1x in Q4 and 1.0x on a trailing 8-quarter average, indicating healthy replenishment of project pipeline.
Record Free Cash Flow
Q4 free cash flow of $141M, a record for the company, up from $76M in Q4 2024 (+85.5%), including $119M of working capital recovery driven by collections and ES project execution.
Improved Return on Capital Employed
ROCE of 16.9% in Q4 2025, up from 10.3% in Q4 2024 (increase of 6.6 percentage points), driven by higher trailing 12-month EBIT and lower average capital employed.
Stronger Balance Sheet and Lower Leverage
Net debt of $501M at quarter end (including $81M cash), a reduction of $115M YoY and $83M QoQ; bank-adjusted net debt-to-EBITDA approximately 1.0x versus 1.5x at end of Q4 2024, enhancing financial flexibility.
Refinancing to Reduce Financing Costs
Refinanced $563M of 9% senior secured notes due 2027 with $400M of 6.875% senior unsecured notes due 2031 and revolver availability; expected to lower annual interest costs and improve tax efficiency.
Strong Energy Infrastructure and AMS Contribution
Energy Infrastructure and After-Market Services contributed roughly two-thirds of consolidated gross margin before D&A in Q4 (company cited 65% for 2025 and 67% for Q4 2025), with Energy Infrastructure supported by ~$1.3B of contracted revenue and 24 BOOM projects across Bahrain, Oman and Latin America.
Contract Compression Fleet Performance
U.S. contract compression utilization stable at 94% in Q4 across ~483,000 horsepower; marketed fleet increased ~13% during 2025 and growth capex planned to continue fleet expansion in 2026.
Strategic APAC Divestiture
Definitive agreement to divest the majority of APAC operations to INNIO (expected close H2 2026) described as accretive and intended to simplify operations and sharpen focus on North America, Latin America and the Middle East.
Order Flow and New Market Opportunities
Multiple Q4 orders for large-scale compression, processing, retrofits and power generation equipment; received data center power generation order with deliveries into 2027 and executing FEED studies and contracts for additional data center projects; company evaluating ~1.5 GW of power generation opportunities.
TSE:EFX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:EFX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | C$27.35 | C$27.06 | -1.06% |
Nov 06, 2025 | C$17.82 | C$18.89 | +6.00% |
Aug 07, 2025 | C$11.05 | C$12.19 | +10.29% |
May 08, 2025 | C$9.44 | C$9.42 | -0.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Enerflex (TSE:EFX) report earnings?
Enerflex (TSE:EFX) is schdueled to report earning on May 07, 2026, TBA (Confirmed).
What is Enerflex (TSE:EFX) earnings time?
Enerflex (TSE:EFX) earnings time is at May 07, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:EFX EPS forecast?
TSE:EFX EPS forecast for the fiscal quarter 2026 (Q1) is 0.33.