Enterprise Group Stock Price, News & Analysis

Enterprise Group (TSX: E, OTCQB: ETOLF) has filed a final short form prospectus for its previously announced bought deal offering. The company is offering 13,157,900 common shares at $1.90 per share, aiming to raise approximately $25.0 million in gross proceeds.

The offering is being conducted through a syndicate of underwriters including Canaccord Genuity Corp., Raymond James , and Acumen Capital Finance Partners An over-allotment option has been granted to the underwriters, which if exercised in full, could increase the gross proceeds to $28.8 million. The offering is expected to close around December 12, 2024.

Enterprise Group and its subsidiary Evolution Power Projects (EPP) announced success in a flare gas utilization project in North Central Alberta. EPP's mobile turbine power generation units are converting excess gas production into approximately 1 megawatt of continuous power for on-site applications. The project currently utilizes about 13% of EPP's natural gas power fleet, helping clients meet strict flaring and emissions standards while providing cost-effective power solutions. The initiative enables clients to leverage excess natural gas production in areas with minimal infrastructure, supporting production enhancement and field development needs.

Enterprise Group (TSX: E) (OTCQB: ETOLF) has announced an upcoming investor webcast scheduled for November 21st, 2024, at 2:00 p.m. ET/11:00 a.m. PT. The presentation will feature key executives including Chairman and CEO Leonard Jaroszuk, President Desmond O'Kell, and CFO Warren Cabral. The webcast will cover operational updates and insights into the company's third-quarter results, with a Q&A session following the presentation. Enterprise Group specializes in energy services and equipment, focusing on technologies that reduce CO2 and GHG emissions for resource sector clients.

Enterprise Group reported mixed Q3 2024 results, with quarterly revenue declining 24% to $6.8M compared to Q3 2023, while nine-month revenue increased 12% to $26.8M. Q3 saw reduced activity due to forest fire season preparations and extended employee time off. Despite Q3 challenges, nine-month performance showed strong growth with adjusted EBITDA up 21% to $10.8M. The company generated operating cash flow of $12.1M for the nine months. Enterprise invested $13.5M in capital assets, focusing on natural gas power generation equipment. A notable development includes a new five-year exclusivity agreement with FlexEnergy Solutions for turbine applications in Alberta and British Columbia.

Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) has announced a strategic exclusivity agreement with FlexEnergy Solutions, a globally recognized turbine manufacturer. The five-year agreement positions Enterprise's subsidiary, Evolution Power Projects (EPP), as the sole provider of short-term turbine and microturbine applications across all commercial and industrial sectors in Alberta and British Columbia.

This partnership allows EPP to exclusively supply cutting-edge, efficient turbine units for temporary power needs in these key Canadian markets. The agreement also includes a reciprocal referral arrangement between EPP and FlexEnergy Solutions, enhancing customer service and ensuring clients receive the most effective energy solutions.

Enterprise Group CEO Leonard Jaroszuk stated that this agreement represents a significant milestone in their strategic growth initiatives, strengthening their market position as a comprehensive energy solutions provider.

Enterprise Group, Inc. (TSX:E)(OTCQB:ETOLF), a consolidator of energy services specializing in equipment rental to the energy/resource sector, will present at the Planet MicroCap Showcase: VANCOUVER 2024 on Thursday, September 26, 2024 at 3:00 PM PST. The event is in association with Small Cap Discoveries.

Leonard D. Jaroszuk, Chairman & CEO, and Desmond O'Kell, President & Director, will host the presentation and answer questions. Investors can access the live webcast at 6:00 PM Eastern Time. The company will also participate in 1x1 meetings at the Fairmont Waterfront Vancouver.

Enterprise Group emphasizes technologies that mitigate, reduce, or eliminate harmful emissions for small local and Tier One resource clients. Interested parties can register for the event and book meetings through the provided links.

Enterprise Group (TSX: E) (OTCQB: ETOLF) reported strong Q2 2024 results, with significant growth in revenue, gross margin, and EBITDA. Revenue for Q2 2024 increased 41% to $7,707,282, while gross margin grew 98% to $3,318,336. Adjusted EBITDA saw a 138% increase to $2,651,694. The company's performance was driven by favorable market conditions in the energy sector and increasing demand for natural gas power generation systems. For the first half of 2024, Enterprise generated cash flow from operations of $10,635,184 and invested $9,685,061 in capital assets. The company also completed a private placement, raising $6,999,197. Enterprise announced leadership changes, with Desmond O'Kell becoming President and Director, while Leonard D. Jaroszuk continues as Chairman and CEO.

Enterprise Group announced the results of its annual meeting held on June 13, 2024. The meeting included the election of directors and the appointment of auditors. Directors Leonard Jaroszuk, John Pinsent, Desmond O'Kell, John Campbell, and Neil Darling were elected with strong support, receiving over 90% of votes in favor. Grant Thornton LLP was appointed as the company's auditors by a show of hands.

Enterprise Group announced on May 15, 2024, that it has added a new Tier One petroleum producer client. This client is one of Canada's largest and focuses on maximizing production efficiency, reducing environmental impact, and delivering shareholder value. Enterprise will supply low-emission mobile power systems to support the client's operations, which span globally, including Western Canada. This addition enhances Enterprise's portfolio, which now includes over 20 Tier One clients. The client's commitment to sustainability aligns with Enterprise's focus on CO2 and greenhouse gas reduction technologies.