Welcome to our dedicated page for Enerflex news (Ticker: EFXT), a resource for investors and traders seeking the latest updates and insights on Enerflex stock.
Enerflex Ltd. reports developments tied to modular natural gas, power technology and treated water solutions, with recurring updates on Engineered Systems, Aftermarket Services and Energy Infrastructure. Company news commonly covers financial and operational results, backlog and project execution, global operating activity, and margin trends across its natural gas compression and processing equipment business.
Other recurring announcements address shareholder meeting results, board elections, investor updates, and capital-structure actions such as senior note issuance, redemption activity and use of revolving credit capacity. These items reflect Enerflex’s mix of equipment manufacturing, aftermarket support and energy infrastructure operations serving natural gas and related energy markets.
Enerflex Ltd. (NYSE: EFXT), a key player in global energy infrastructure, has announced its financial results release for the year ending December 31, 2022, on March 1, 2023, after market close. These results will be accessible via a news release on the company's website and through SEDAR and EDGAR profiles. Following this, a conference call is scheduled for March 2, 2023, at 8:00 a.m. (MST), where senior management will discuss the results. Interested parties can register for the call to receive dial-in details. Enerflex operates over 100 locations globally, offering energy transition solutions and natural gas services.
Enerflex Ltd. (NYSE: EFXT) has appointed Laura W. Folse to its board of directors, effective immediately. With over 30 years in the energy industry, Folse previously served as CEO of BP Wind Energy, North America, and held various leadership roles at BP and Amoco. Her expertise includes executive leadership in energy transition and corporate risk management. Folse’s appointment aims to enhance Enerflex's energy infrastructure and transition strategies. Enerflex operates globally, providing energy solutions such as natural gas processing and power generation, and is headquartered in Calgary, Alberta.
Denbury Inc. and partners including Enerflex, Project Canary, and others have launched a collective focused on data-driven Measurement, Reporting, and Verification (MRV) for carbon capture and sequestration (CCS). This initiative aims to enhance trust in CCS projects through independent validation and harmonization of existing frameworks. The collective will leverage digital platforms to ensure precise and transparent environmental data. Supported by favorable policies from the Bipartisan Infrastructure Law and the Inflation Reduction Act, the collaboration seeks to set standards for safe CO2 storage and maximize resource efficiency.
Enerflex Ltd. has adjusted its record date for the dividend from November 24, 2022 to November 29, 2022. The ex-dividend date has also been modified to November 28, 2022. The dividend amount remains at $0.025 per share, with the payment scheduled for January 12, 2023. This change is in recognition of U.S. federal holidays.
Enerflex is a global provider of energy infrastructure solutions, with operations in over 100 locations worldwide.
Enerflex Ltd. (NYSE: EFXT) reported its Q3 2022 results, highlighting a revenue increase to $393 million, marking the sixth consecutive quarter of growth. The company completed its acquisition of Exterran, boosting its backlog to $1.5 billion in natural gas and carbon capture solutions. Despite a net loss of $33 million due to a $48 million goodwill impairment, Enerflex anticipates annual synergies of $60 million from the acquisition. The company aims to reduce its net debt to EBITDA ratio below 2.5 times within 12 to 18 months while maintaining its dividend at $0.025 per share.
Enerflex Ltd. has successfully completed its acquisition of Exterran Corporation, enhancing its position in the energy sector. Enerflex's shares will now trade on the NYSE under the symbol 'EFXT'. The merger is expected to yield annual cost savings and synergies of around $60 million. Enerflex aims to strengthen its financial position, targeting a bank-adjusted net debt to EBITDA ratio below 2.5 times within 12 to 18 months. The company will continue its operations in over 100 locations globally, positioning itself to meet the growing demand for natural gas and energy security.