ISSUES NOTICE TO REDEEM $62.5 MILLION OF ITS 9.00% SENIOR SECURED NOTES DUE 2027

NET DEBT BALANCE OF APPROXIMATELY $700 MILLION AT THE END OF Q3/24, REFLECTING GROSS DEBT REPAYMENT OF APPROXIMATELY $100 MILLION DURING THE THIRD QUARTER

CALGARY, Alberta, Oct. 01, 2024 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) announced that it has delivered a notice of partial redemption of its 9.00% Senior Secured Notes due 2027 (the “Notes”).

All amounts presented are in U.S. Dollar (“USD”) unless otherwise stated.

Partial Redemption of Senior Secured Notes

Enerflex has issued a notice of partial … Continue Reading

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”). 

As previously announced, and in response to a drone attack on April 26, 2024, that resulted in fatalities at an operational facility proximate to the EH Cryo project, Enerflex provided its customer with notice of Force Majeure, suspended activity at the project site, and demobilized its personnel. Since that time, Enerflex has worked collaboratively with its customer to evaluate the situation and assess potential … Continue Reading

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.

All amounts presented … Continue Reading

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

Enerflex Will Be Repaying Its Existing Term Loan, Reflecting On-Going Efforts to Reduce Finance Costs and Optimize Debt Stack

Targeting a Bank-Adjusted Net Debt-To-Ebitda Ratio of 1.5x to 2.0x

CALGARY, Alberta, June 26, 2024 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) today announced the extension and consolidation of its credit facilities and outlined a new target leverage framework.

All amounts presented in this release are in U.S. Dollar (“USD”) unless otherwise stated.… Continue Reading

CALGARY, Alberta, May 07, 2024 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”), announces that at its Annual Meeting of Shareholders (the “Meeting”) held virtually on May 7, 2024, Enerflex’s shareholders approved the election of all 10 nominee directors presented in the Company’s Management Information Circular dated March 15, 2024. The shares represented at the Meeting voting on individual nominee directors were as follows:

  Approval Against Director Votes For Percentage Votes Against Percentage Fernando Assing 77,625,392 91.3 % 7,416,506 8.7 % Joanne Cox 73,577,708 86.5 % 11,464,190 13.5 % Byron Dunn 57,993,004 68.2 % 27,048,894… Continue Reading

CALGARY, Alberta, May 07, 2024 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) today reported its financial and operational results for the three months ended March 31, 2024.

Effective January 1, 2024, the Company changed its presentation currency from Canadian dollars (“CAD”) to United States dollars (“USD”) to provide more relevant reporting of the Company’s financial position. As a result, all amounts presented in this release are in USD unless otherwise stated.

Q1 2024 FINANCIAL AND OPERATIONAL OVERVIEW         

Generated revenue of $638 million compared to $610 million in Q1/23 and $574 million in Q4/23.

Higher

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CALGARY, Alberta, April 29, 2024 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) today provided an update with regard to an ongoing legal proceeding in Mexico.

The Tenth Circuit Collegiate Court on Labor Matters in Mexico (the “Court”) has published a decision setting aside a January 31, 2022 decision of a Labor Board in the State of Tabasco, Mexico (the “Labor Board”) that had ordered subsidiaries of Exterran Corporation (now subsidiaries of Enerflex) to pay a former employee MXN$2,152 million (approximately US$125 million) plus other benefits in connection with a dispute relating to the employee’s … Continue Reading

Seasoned Energy Executive Brings Extensive Strategic Leadership and Capital Markets Expertise

CALGARY, Alberta, March 11, 2024 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) is pleased to announce the appointment of Thomas B. Tyree, Jr. to its Board of Directors (the “Board”), effective March 11, 2024.  

Mr. Tyree is a seasoned energy executive and investment banker with deep expertise in strategy development, capital markets, and corporate finance. He has extensive experience leading and advising public and private energy companies, including Antero Resources, Northwoods Energy, and Vantage Energy. Mr. Tyree brings to Enerflex’s Board a valuable … Continue Reading

ADJUSTED EBITDA OF $126 MILLION AND $185 MILLION OF FREE CASH FLOW

ENGINEERED SYSTEMS BACKLOG OF $1.5 BILLION PROVIDES SOLID VISIBILITY FOR 2024

REPAID $167 MILLION OF DEBT AND REDUCED NET DEBT-TO-EBITDA RATIO1 TO 2.3 TIMES AT YEAR END

CALGARY, Alberta, Feb. 28, 2024 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) today reported its financial and operational results for the three months and year ended December 31, 2023. All amounts are presented in Canadian dollars unless otherwise stated.

Q4 2023 FINANCIAL AND OPERATIONAL OVERVIEW

Generated revenue of $782 million compared to $778 million

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CALGARY, Alberta, Feb. 15, 2024 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) today announced the appointment of Mr. Preet Dhindsa as Senior Vice President and Chief Financial Officer (“CFO”), effective March 1, 2024. Mr. Dhindsa has served as the Company’s Interim CFO since October 13, 2023.

“Preet has provided solid leadership and financial stewardship since joining Enerflex in October, and our company benefits from his financial acumen and experience leading diverse, complex, multi-national businesses, including through post-merger integration activities,” said Marc Rossiter, Enerflex’s President and Chief Executive Officer. “I’m excited to welcome Preet as … Continue Reading

REPAID APPROXIMATELY US$120 MILLION OF DEBT DURING Q4 2023

PRELIMINARY OUTLOOK FOR 2024 REFLECTS STRONG DEMAND ACROSS BUSINESS UNITS AND GEOGRAPHIC REGIONS

DISCIPLINED CAPITAL PROGRAM IN 2024, PRIORITIZING DEBT REDUCTION AND LOWERING NET FINANCE COSTS

CALGARY, Alberta, Jan. 16, 2024 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) today is providing a full-year 2023 update and its preliminary financial and operational outlook for 2024.

FULL-YEAR 2023 UPDATE

Based on our preliminary review of unaudited results, Enerflex estimates 2023 capital expenditures of approximately US$110 million, below our guidance range of US$120 million to US$140 million, as … Continue Reading

ADJUSTED EBITDA OF $122 MILLION AND $71 MILLION OF OPERATING CASH FLOW

CONTINUED STRONG BOOKINGS AND RECORD ENGINEERED SYSTEMS BACKLOG OF $1.6 BILLION

ON TRACK FOR NET DEBT-TO-EBITDA RATIO OF <2.5 TIMES BY END OF 2023

SUCCESSFULLY INTEGRATING EXTERRAN, CREATING A RESILIENT AND SUSTAINABLE BUSINESS

CALGARY, Alberta, Nov. 08, 2023 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) today reported its financial and operational results for the three and nine months ended September 30, 2023. All amounts are presented in Canadian dollars unless otherwise stated.

Q3 2023 FINANCIAL AND OPERATIONAL OVERVIEW

Enerflex generated revenue of

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