ADJUSTED EBITDA OF $120 MILLION AND FREE CASH FLOW OF $78 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 1.9X AT THE END OF Q3/24, WITHIN THE COMPANY'S TARGET RANGE OF 1.5X TO 2.0X CAPITAL SPENDING GUIDANCE FOR 2024 UPDATED TO $80 MILLION TO $90 MILLION WITH GROWTH SPENDING EXPECTED TO REMAIN BELOW LONG-TERM AVERAGE IN 2025 CALGARY, Alberta, Nov. 14, 2024 (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, 2024. All amounts presented a

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 redemption for $62.5 million (or 10% of the aggregate princip

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 are in U.S. Dollars ("USD") unless otherwise stated. Q2/24 FINANCIAL

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 state

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 revenue is mainly attributed to t

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 severance pay following termination of his employmen

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 in Q3/2023, with results driven by continued s

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,

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 $778 mill

CALGARY, Alberta, Aug. 09, 2023 (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, 2023. All amounts are presented in Canadian dollars unless otherwise stated. "Enerflex's solid second-quarter 2023 operational results underscore the sustainability of our three core business lines being executed on a global scale. The two business lines that comprise our recurring revenues, Energy Infrastructure and After-market Services, both expanded their margins compared to the first quarter of 2023. Our Engineered Systems business line booked an additional $322 million in

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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:  ApprovalAgainstDirectorVotes ForPercentageVotes AgainstPercentageFernando Assing77,625,39291.3%7,416,5068.7%Joanne Cox73,577,70886.5%11,464,19013.5%Byron Dunn57,993,00468.2%27,048,89431.8%James Gouin76,193,51489.6%8,848,38410.4

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 skill set with considerable and extensive energy experience and financial expertise. Kevin Reinh

NOV Inc. (NYSE:NOV) announced today the appointment of Patricia Martinez to NOV's Board of Directors, effective March 6, 2024. "We are delighted to welcome Patricia Martinez to NOV's board of directors," said Clay Williams, Chairman, President, and Chief Executive Officer. "Patricia brings extensive industry experience to our board, including growing energy businesses in international markets, and more recently guiding and developing projects within the energy transition ranging from CCUS to hydrogen to biogas. Her deep insights into emerging energy opportunities will help shape NOV's energy transition strategy." Ms. Martinez was the Chief Energy Transition Officer of Enerflex Ltd. (TSX

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 welco

CALGARY, Alberta, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX:EFX) (NYSE:EFXT) ("Enerflex" or the "Company") today announced the appointment of Mr. Preet Dhindsa as Interim Chief Financial Officer ("CFO"), effective October 13, 2023. Enerflex has retained an executive search firm and will consider Mr. Dhindsa and other candidates as part of its process to identify the Company's next permanent CFO. Mr. Dhindsa is a seasoned financial leader with more than 25 years of experience, primarily in the energy and financial services sectors. He most recently served as Executive Vice President and CFO at ENMAX Corporation, a regulated utility with energy generation and retail lines of busi

CALGARY, Alberta, June 28, 2023 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX:EFX) (NYSE:EFXT) ("Enerflex" or the "Company") is pleased to announce the appointment of Mr. Rodney D. Gray as Senior Vice President and Chief Financial Officer, effective July 1, 2023. Mr. Gray will be responsible for Enerflex's financial reporting, treasury, tax, internal audit, corporate development, and capital market functions and will support the Company's strategic and capital allocation decisions. "We are thrilled to have Rod join the Enerflex team," said Marc Rossiter, Enerflex's President and Chief Executive Officer. "With his wide-ranging experience, deep understanding of capital markets, and prudent financi

HOUSTON, May 18, 2023 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE:PARR) ("Par Pacific") today announced the appointment of Patricia Martinez to its Board of Directors. "We welcome Patricia Martinez to the Par Pacific Holdings board," said Robert Silberman, Chairman of the Board of Directors of Par Pacific. "Patricia has over twenty-five years of energy industry experience, including a deep understanding of the low carbon energy solutions that Par Pacific is focused on implementing within its businesses." Ms. Martinez is currently the Chief Energy Transition Officer of Enerflex Ltd (TSX:EFX) (NYSE:EFXT) and was formerly President of Enerflex's Latin American business. Ms. Martine

CALGARY, Alberta, March 19, 2023 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX:EFX) (NYSE:EFXT) ("Enerflex" or the "Company") today announced that Sanjay Bishnoi, Senior Vice President and Chief Financial Officer, will relinquish his position effective April 10, 2023, to pursue another opportunity. Matthew Lemieux, Enerflex's Vice President, Corporate Development and Treasury, will be appointed as Interim Chief Financial Officer following Mr. Bishnoi's departure. "Over three and a half years ago, we brought Sanjay aboard expecting that his disciplined approach to investing would facilitate accretive growth in our recurring Energy Infrastructure business. After successfully managing our financial

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ADJUSTED EBITDA OF $120 MILLION AND FREE CASH FLOW OF $78 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 1.9X AT THE END OF Q3/24, WITHIN THE COMPANY'S TARGET RANGE OF 1.5X TO 2.0X CAPITAL SPENDING GUIDANCE FOR 2024 UPDATED TO $80 MILLION TO $90 MILLION WITH GROWTH SPENDING EXPECTED TO REMAIN BELOW LONG-TERM AVERAGE IN 2025 CALGARY, Alberta, Nov. 14, 2024 (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, 2024. All amounts presented a

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 redemption for $62.5 million (or 10% of the aggregate princip

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 options to complete the project notwit

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 are in U.S. Dollars ("USD") unless otherwise stated. Q2/24 FINANCIAL

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 state

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:  ApprovalAgainstDirectorVotes ForPercentageVotes AgainstPercentageFernando Assing77,625,39291.3%7,416,5068.7%Joanne Cox73,577,70886.5%11,464,19013.5%Byron Dunn57,993,00468.2%27,048,89431.8%James Gouin76,193,51489.6%8,848,38410.4

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 revenue is mainly attributed to t

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 severance pay following termination of his employmen

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 skill set with considerable and extensive energy experience and financial expertise. Kevin Reinh

NOV Inc. (NYSE:NOV) announced today the appointment of Patricia Martinez to NOV's Board of Directors, effective March 6, 2024. "We are delighted to welcome Patricia Martinez to NOV's board of directors," said Clay Williams, Chairman, President, and Chief Executive Officer. "Patricia brings extensive industry experience to our board, including growing energy businesses in international markets, and more recently guiding and developing projects within the energy transition ranging from CCUS to hydrogen to biogas. Her deep insights into emerging energy opportunities will help shape NOV's energy transition strategy." Ms. Martinez was the Chief Energy Transition Officer of Enerflex Ltd. (TSX

BMO Capital Markets upgraded Enerflex from Market Perform to Outperform

BMO Capital Markets downgraded Enerflex from Outperform to Market Perform and set a new price target of $11.00 from $13.00 previously

RBC Capital Mkts upgraded Enerflex from Sector Perform to Outperform

National Bank Financial downgraded Enerflex from Outperform to Sector Perform