Welcome to our dedicated page for Evolution Powerx news (Ticker: ETOLF), a resource for investors and traders seeking the latest updates and insights on Evolution Powerx stock.
Enterprise Group Inc. reports developments tied to specialized equipment and services for the energy, resource and industrial sectors, with emphasis on natural gas-powered systems that reduce reliance on diesel at remote work sites. Through Evolution Power Projects, the company deploys mobile and semi-permanent turbine generation, synchronized microgrid systems, and related support for drilling, water-transfer, frac-support and other industrial operations in Western Canada.
Recurring news themes include quarterly and annual financial results, customer additions, strategic partnerships, power-generation deployments, capital-structure updates such as warrant exercises, and share repurchase activity under normal course issuer bids.
Evolution PowerX (TSX:E, OTCQB:ETOLF) announced an exclusive Canadian distribution agreement with Signal Power Group for the SPG4 3.2 MW natural gas combustion turbine generator platform. The deal grants Evolution exclusive rights to market, rent, sell and distribute SPG4 units across all Canadian provinces and territories.
Under the agreement, Signal will provide product information, technical training and OEM support, while Evolution maintains inventory, demo units, parts and field service. The 3.2 MW SPG4 extends Evolution’s existing 333 kW FlexEnergy turbine business into larger-scale mobile, semi-permanent and permanent power applications, including industrial, mining, CHP, remote sites, grid-constrained facilities and data centres.
Evolution PowerX (TSX: E, OTCQB: ETOLF) reported record Q2 2026 revenue, marking its fourth straight quarter of growth in both revenue and adjusted EBITDA. Q2 revenue rose 36% year over year to $8.83 million, with gross margin of $2.99 million (34%) and adjusted EBITDA of $2.11 million (24% of revenue), up 164%.
For the first half of 2026, revenue increased 24% to $20.83 million, gross margin reached $9.09 million (44%), and adjusted EBITDA grew 45% to $7.54 million. Evolution recorded Q2 net loss of $60,483 but year-to-date net income of $2.35 million. The company repurchased and cancelled 1,246,400 shares at an average $1.27 and renewed its normal course issuer bid. It also announced a corporate name change from Enterprise Group to Evolution PowerX and the acquisition of a new 3.2-megawatt natural gas turbine generator, expected to be commercially available in Q4 2026.
Enterprise Group (OTCQB: ETOLF, TSX: E) has changed its corporate name to Evolution PowerX Corp., following shareholder approval at the June 25, 2026 annual and special meeting. Common shares are expected to begin trading on the TSX under the new name, while retaining the symbol “E”, at the market open on August 5, 2026.
According to the company, the new name reflects its strategic shift toward natural gas-powered, low-emission distributed power generation, where its power division is expected to generate more than half of consolidated revenue this fiscal year. The Name Change does not alter shareholder rights, involves no share consolidation or split, and requires no action from shareholders. The new CUSIP is 30055E100 (ISIN: CA30055E1007).
Enterprise Group (OTCQB: ETOLF) announced the acquisition of a new SPG4 3.2‑megawatt natural gas turbine generator for the fleet of its subsidiary Evolution Power. The unit delivers about 4,300 horsepower, can run on a wide range of gaseous and liquid fuels, and is designed for rapid deployment in demanding environments.
According to Enterprise Group, the SPG4’s single‑shaft design aims to improve reliability, uptime, and lifecycle costs versus conventional reciprocating generators, and can be configured for mobile, permanent, and combined heat and power applications. The company targets diesel displacement across drilling, completions, production, industrial operations, and emerging modular AI data centers. The turbine has been received at Evolution Power’s facility and is undergoing inspection, certification, and commissioning, with commercial availability for customer projects expected in the fourth quarter of 2026.
Enterprise Group (OTCQB: ETOLF) announced that its subsidiary Evolution Power Projects has added two new intermediate Canadian oil and gas producers as clients, each having completed an initial natural gas-to-electricity project and progressing to additional projects in execution or planning.
According to Enterprise Group, EPP is expanding across Western Canada with mobile and semi-permanent natural gas power solutions and a Concept-to-Completion service model. To meet rising demand, the company plans to expand its power generation fleet in 2026, including seven FlexEnergy natural gas turbine generators scheduled for delivery in the third and fourth quarters.
Enterprise Group (OTC:ETOLF, TSX:E) reported results of its June 25, 2026 annual and special shareholder meeting. All five director nominees were elected with between 97.800% and 99.272% of votes cast in favour. Doane Grant Thornton LLP was reappointed as auditor.
Shareholders also approved a special resolution to change the company’s name to Evolution PowerX Corp., with 98.488% of votes cast supporting the amendment to the articles.
Enterprise Group (OTCQB: ETOLF, TSX: E) plans to change its corporate name to Evolution PowerX Corp., subject to shareholder approval at the June 25, 2026 Annual and Special Meeting.
The change aligns with its focus on distributed natural gas turbine power generation, microgrids, and integrated power infrastructure. The TSX ticker “E” will remain unchanged, with the effective date to be announced.
Enterprise Group (OTCQB: ETOLF, TSX: E) reported Q1 2026 results featuring higher revenue and margins plus capital actions.
Revenue rose 16% to $12.0 million, gross margin reached 51%, adjusted EBITDA increased 23%, 717,300 shares were repurchased, significant warrants were exercised, and a $3.15 million Alberta property was acquired.
Enterprise Group (OTCQB: ETOLF) announced Canada's first drilling operation powered by synchronized natural gas turbine generators, deployed by Evolution Power Projects. The system is powering an 80-day, four-well pad program, delivering about 1 MW of continuous power and is beyond the halfway point with zero shutdowns.
The microgrid displaces ~7,000 litres of diesel per day, targets >$200,000 in savings by pad completion, reduces noise ~50%, and uses the operator's fuel gas for onsite power, with remote monitoring and centralized control.
Enterprise Group (TSX:ETOLF) renewed a normal course issuer bid authorizing purchases of up to 5,754,150 shares, equal to 10% of its public float, effective April 2, 2026 through April 1, 2027.
The company reported 81,893,776 shares outstanding (March 20, 2026), a six‑month average daily volume of 144,747 shares, and a daily repurchase limit of 36,186 shares. Shares bought will be cancelled; the company previously repurchased 1,266,500 shares at an average price of $1.31.