Welcome to our dedicated page for Enterprise Group news (Ticker: ETOLF), a resource for investors and traders seeking the latest updates and insights on Enterprise Group stock.
Enterprise Group, Inc. (OTCQB: ETOLF, TSX: E) is a consolidator of energy services focused on specialized equipment and natural gas power generation equipment for the energy/resource and industrial sectors. The company’s news flow highlights its emphasis on systems and technologies that mitigate, reduce, or eliminate CO2, Greenhouse Gas (GHG) and other harmful emissions for its own operations and for clients, particularly in Western Canada’s natural gas and infrastructure-focused markets.
News releases for Enterprise commonly cover quarterly financial results, including revenue, gross margin, adjusted EBITDA and net income, as well as commentary on activity levels in the energy industry. The company also reports on capital asset investments to modernize its equipment fleet, especially in natural gas power systems and infrastructure rental assets, and on how customer shifts from diesel to natural gas are affecting demand for generators and micro-grid packages.
Investors following ETOLF news will see updates on acquisitions and integration activities, such as the purchase and subsequent renaming of FlexEnergy Canada to Evolution Power Solutions, Inc., and the resulting exclusive rights to rent, lease, sell and service FlexEnergy turbines in Canada. Additional news items include strategic partnerships, such as the collaboration between Evolution Power Projects Inc. and Plum Gas Solutions Inc., new client additions, significant purchase orders from Tier One resource companies, and the establishment or amendment of senior secured credit facilities with a Canadian Schedule 1 bank.
This news page is useful for tracking Enterprise Group’s operational developments, customer relationships, financing arrangements and emissions-focused service offerings over time. Readers interested in the company’s role in natural gas power generation, equipment rental and energy services in Western Canada and across the Canadian market can use the news feed to monitor ongoing corporate updates and disclosures.
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.
Enterprise Group, a leading provider of energy services and specialized equipment rentals focusing on CO2 and Greenhouse Gas emission reduction technologies, will host an investor webcast on May 16th, 2024. The presentation will feature key company executives reviewing first-quarter results and operations. Interested parties can register in advance for the webinar to engage with the speakers.
Enterprise Group, Inc. (OTCQB: ETOLF) announces strong Q1 2024 results, showing revenue of $12,326,288, gross margin of $6,896,344, and adjusted EBITDA of $6,337,853. The company experienced growth in revenue, gross margin, and EBITDA, reflecting increased customer activity and demand for natural gas power generation systems. The cash flow from operations increased to $5,659,666, allowing the company to acquire capital assets and expand operations. Enterprise closed a private placement, raising $6,999,197 to expand its fleet of rental equipment with low emission systems. The company did not repurchase shares but has a book value of $0.88 per share and available tax losses of $0.12 per share.
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