Enerflex (EFXT) News & Sentiment

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CALGARY, Alberta, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) today provided an update of a modularized cryogenic natural gas processing facility in Kurdistan (the “EH Cryo project”).

RECORD ADJUSTED EBITDA OF $122 MILLION ES AND EI BACKLOG STABLE AT $1.3 BILLION AND $1.6 BILLION, RESPECTIVELY, PROVIDING STRONG OPERATIONAL VISIBILITY BANK-ADJUSTED NET DEBT-TO-EBITDA RATIO OF 2.2X AT THE END OF Q2/24, ON TRACK TO REACH LEVERAGE FRAMEWORK TARGET OF 1.5X TO 2.0X FULL-YEAR 2024 CAPITAL SPENDING EXPECTED TO BE AT THE LOW END OF $90 TO $110 MILLION GUIDANCE RANGE CALGARY, Alberta, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) today reported its financial and operational results for the three and six months ended June 30, 2024.

Extending Maturity of Revolving Credit Facility to October 2026 and Increasing Availability to $800 Million; Provides Ample Liquidity to Support Global Business

In 2023, Enerflex Ltd. saw a profitable year with $162 million in operating income and a boosted gross profit margin. The company efficiently controlled expenses and integrated synergies following the merger with Exterran. Enerflex's free cash flow rose from -$27 million to $193 million, and the focus for management in 2024 is on reducing debt.

Enerflex Ltd. (EFXT) Q4 2023 Earnings Call Transcript