EFXT on NYSE
Enerflex
Logo: enerflex.com5
Canadian oil and gas equipment manufacturer
Enerflex Ltd. is a worldwide supplier of products and services to the global power generation and gas production industry, based in Calgary, Alberta.3 Its shares trade on NYSE under the symbol EFXT.1 Wikipedia text CC BY-SA 4.0
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Last updated Oct 21, 2026.
Overview
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- TickerEFXT on NYSE1
- IndustryGeneral Industrial Machinery & Equipment1
- HeadquartersCalgary1
- Founded inCalgary1
- Websitewww.enerflex.com
- Incorporated inCanada (Federal Level)7
- Business address1331 Macleod Trail Se, Suite 904, Calgary Alberta, Z4 T2G 0K37
- Legal formAlberta Business Corporation4
- LEI54930014N7872VUS3F894
- StatusActive4
- LEI statusIssued and current4
- Registered address1331 MACLEOD TRAIL SE, T2G 0K3 Calgary, Canada4
- Registered withCorporations Canada, 774811-64
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Enerflex Ltd. is a worldwide supplier of products and services to the global power generation and gas production industry, based in Calgary, Alberta.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Engineered Systems brought in 57% of the revenue Enerflex broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Engineered Systems | $1.2B | $1.5B |
| Energy Infrastructure | $668.0M | $621.0M |
| Services | $508.0M | $494.0M |
Regions
NAM brought in 66% of the revenue Enerflex broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| NAM | $1.6B | $1.7B |
| EH | $443.0M | $509.0M |
| Latam | $407.0M | $376.0M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue77¢$2.0B
- Selling, general and admin11¢$272.0M
- Other costs1¢$23.0M
- Interest5¢$124.0M
- Income tax4¢$99.0M
- Profit2¢$64.0M
Out of $2.6B in revenue.6
Where each dollar of operating cash went, fiscal 2025
- Capital spending6¢$19.0M
- Dividends paid5¢$17.0M
- Kept or used elsewhere90¢$309.0M
Out of $345.0M of cash from operations.6
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $2.6B | $2.4B |
| "Cost of goods sold (""COGS"")" | $2.0B | $1.9B |
| Gross margin | $582.0M | $504.0M |
| "Selling, general and administrative expenses (""SG&A"")" | $272.0M | $327.0M |
| "Foreign exchange (""FX"") loss" | $4.0M | $4.0M |
| Operating income | $306.0M | $173.0M |
| Gain on disposal of PP&E | $1.0M | $0 |
| Loss on financial instruments | -$4.0M | -$11.0M |
| Derecognition and unrealized (loss) gain on redemption options | -$17.0M | $17.0M |
| Equity earnings from associates and joint ventures | -$3.0M | $0 |
| "Earnings before finance costs and income taxes (""EBIT"")" | $283.0M | $179.0M |
| Net finance costs | $120.0M | $98.0M |
| "Earnings (loss) before income taxes (""EBT"")" | $163.0M | $81.0M |
| Current income taxes | $92.0M | $72.0M |
| Deferred income taxes | $7.0M | -$23.0M |
| Income taxes | $99.0M | $49.0M |
| Net earnings (loss) | $64.0M | $32.0M |
| Change in fair value of derivatives designated as cash-flow hedges, net of income tax recovery | -$1.0M | $0 |
| Gain on derivatives designated as cash flow hedges transferred to net earnings (loss), net of income tax expense | $0 | $1.0M |
| Unrealized gain (loss) on translation of foreign-denominated debt | $28.0M | -$51.0M |
| Unrealized gain (loss) on translation of financial statements of foreign operations | -$12.0M | $22.0M |
| Other comprehensive income (loss) | $15.0M | -$28.0M |
| Total comprehensive income (loss) | $79.0M | $4.0M |
| Earnings (loss) per share - basic | $0.52 | $0.26 |
| Earnings (loss) per share - diluted | $0.52 | $0.26 |
| Weighted average number of shares basic | 122.9M shares | 124.0M shares |
| Weighted average number of shares diluted | 123.1M shares | 124.2M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $81.0M | $92.0M | $95.0M |
| Accounts receivable | $345.0M | $398.0M | |
| Unbilled revenue | $164.0M | $157.0M | |
| Inventories | $280.0M | $258.0M | |
| "Inventories - work-in-progress (""WIP"") related to EI assets - finance leases receivable" | $35.0M | ||
| "Energy infrastructure (""EI"") assets - finance leases receivable" | $58.0M | $49.0M | |
| Income taxes receivable | $11.0M | $3.0M | |
| Derivative financial instruments | $1.0M | $0 | |
| Prepayments | $52.0M | $49.0M | |
| Total current assets | $992.0M | $1.0B | |
| Unbilled revenue | $1.0M | $2.0M | |
| "Property, plant and equipment (""PP&E"")" | $102.0M | $96.0M | |
| EI assets - operating leases | $686.0M | $713.0M | |
| EI assets - finance leases receivable | $180.0M | $189.0M | |
| Lease right-of-use assets | $61.0M | $58.0M | |
| Deferred tax assets | $21.0M | $24.0M | |
| Intangible assets | $29.0M | $37.0M | |
| Goodwill | $430.0M | $422.0M | $433.0M |
| Other assets | $192.0M | $209.0M | |
| Total assets | $2.7B | $2.8B | |
| Accounts payable and accrued liabilities | $396.0M | $413.0M | |
| Provisions | $25.0M | $22.0M | $20.0M |
| Income taxes payable | $80.0M | $79.0M | |
| Deferred revenue | $355.0M | $375.0M | |
| Lease liabilities | $22.0M | $22.0M | |
| Derivative financial instruments | $1.0M | $0 | |
| Total current liabilities | $879.0M | $911.0M | |
| Deferred revenue | $13.0M | $11.0M | |
| Long-term debt | $582.0M | $708.0M | |
| Lease liabilities | $50.0M | $47.0M | |
| Deferred tax liabilities | $51.0M | $48.0M | |
| Other liabilities | $26.0M | $17.0M | |
| Total liabilities | $1.6B | $1.7B | |
| Share capital | $498.0M | $505.0M | |
| Contributed surplus | $664.0M | $678.0M | |
| Retained earnings | $130.0M | $80.0M | |
| Accumulated other comprehensive loss | -$199.0M | -$214.0M | |
| Total shareholders' equity | $1.1B | $1.0B | |
| Total liabilities and shareholders' equity | $2.7B | $2.8B |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $81.0M | $92.0M | $95.0M |
| Accounts receivable | $345.0M | $398.0M | |
| Unbilled revenue | $164.0M | $157.0M | |
| Inventories | $280.0M | $258.0M | |
| "Inventories - work-in-progress (""WIP"") related to EI assets - finance leases receivable" | $35.0M | ||
| "Energy infrastructure (""EI"") assets - finance leases receivable" | $58.0M | $49.0M | |
| Income taxes receivable | $11.0M | $3.0M | |
| Derivative financial instruments | $1.0M | $0 | |
| Prepayments | $52.0M | $49.0M | |
| Total current assets | $992.0M | $1.0B | |
| Unbilled revenue | $1.0M | $2.0M | |
| "Property, plant and equipment (""PP&E"")" | $102.0M | $96.0M | |
| EI assets - operating leases | $686.0M | $713.0M | |
| EI assets - finance leases receivable | $180.0M | $189.0M | |
| Lease right-of-use assets | $61.0M | $58.0M | |
| Deferred tax assets | $21.0M | $24.0M | |
| Intangible assets | $29.0M | $37.0M | |
| Goodwill | $430.0M | $422.0M | $433.0M |
| Other assets | $192.0M | $209.0M | |
| Total assets | $2.7B | $2.8B | |
| Accounts payable and accrued liabilities | $396.0M | $413.0M | |
| Provisions | $25.0M | $22.0M | $20.0M |
| Income taxes payable | $80.0M | $79.0M | |
| Deferred revenue | $355.0M | $375.0M | |
| Lease liabilities | $22.0M | $22.0M | |
| Derivative financial instruments | $1.0M | $0 | |
| Total current liabilities | $879.0M | $911.0M | |
| Deferred revenue | $13.0M | $11.0M | |
| Long-term debt | $582.0M | $708.0M | |
| Lease liabilities | $50.0M | $47.0M | |
| Deferred tax liabilities | $51.0M | $48.0M | |
| Other liabilities | $26.0M | $17.0M | |
| Total liabilities | $1.6B | $1.7B | |
| Share capital | $498.0M | $505.0M | |
| Contributed surplus | $664.0M | $678.0M | |
| Retained earnings | $130.0M | $80.0M | |
| Accumulated other comprehensive loss | -$199.0M | -$214.0M | |
| Total shareholders' equity | $1.1B | $1.0B | |
| Total liabilities and shareholders' equity | $2.7B | $2.8B |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net earnings | $64.0M | $32.0M |
| Depreciation and amortization | $161.0M | $185.0M |
| Equity earnings and impairment of associates and joint ventures | $3.0M | $0 |
| Deferred income taxes | $7.0M | -$23.0M |
| Share-based compensation expense | $26.0M | $29.0M |
| Loss on financial instruments | $4.0M | $11.0M |
| Derecognition and unrealized loss (gain) on redemption options | $17.0M | -$17.0M |
| (Gain) on sale of PP&E | -$1.0M | $0 |
| Impairment of EI assets | $3.0M | $1.0M |
| Debt extinguishment costs of the 2027 Notes | $42.0M | $0 |
| Adjustments to reconcile profit (loss) other than changes in working capital | $326.0M | $218.0M |
| Net change in working capital and other | $19.0M | $106.0M |
| Cash provided by operating activities | $345.0M | $324.0M |
| PP&E | -$19.0M | -$16.0M |
| EI assets - operating leases | -$96.0M | -$59.0M |
| Intangible assets | $0 | -$2.0M |
| PP&E | $1.0M | $0 |
| EI assets - operating leases | $22.0M | $3.0M |
| Net (purchases) of financial instruments | -$4.0M | $0 |
| Net change in working capital associated with investing activities | -$7.0M | $15.0M |
| Cash used in investing activities | -$103.0M | -$59.0M |
| Repayment of the Revolving Credit Facility | -$3.0M | -$41.0M |
| Repayment of the 2027 Notes | -$576.0M | -$62.0M |
| Issuance of the 2031 Notes | $400.0M | $0 |
| Repayment of the Term Loan | $0 | -$130.0M |
| Lease liability principal repayment | -$23.0M | -$20.0M |
| Dividends | -$17.0M | -$9.0M |
| Stock option exercises | $2.0M | $1.0M |
| Shares repurchased - NCIB | -$23.0M | $0 |
| Deferred transaction costs | -$10.0M | -$2.0M |
| Cash used in financing activities | -$250.0M | -$263.0M |
| Effect of exchange rate changes on cash and cash equivalents denominated in foreign currencies | -$3.0M | -$5.0M |
| Decrease in cash and cash equivalents | -$11.0M | -$3.0M |
No quarter-by-quarter statement was filed.
Corporate structure
Enerflex sits at the top of its group. 3 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Enerflex
- Connor, Clark & Lunn Investment Management Ltd. Filed SCHEDULE 13G/A on Enerflex, latest May 7, 2026 (5 filings since May 8, 2025)
- Royal Bank of Canada Filed SCHEDULE 13G/A on Enerflex, latest Feb 13, 2026 (2 filings since Nov 14, 2024)
- 1832 Asset Management L.P. Filed SCHEDULE 13G/A on Enerflex, latest Oct 16, 2025 (5 filings since Feb 13, 2023)
- LETKO, BROSSEAU & ASSOCIATES INC Filed SCHEDULE 13G/A on Enerflex, latest Apr 9, 2025 (5 filings since Feb 10, 2023)
- CHAI TRUST CO LLC Filed SC 13G/A on Enerflex, latest Nov 14, 2024 (3 filings since Jan 3, 2023)
- BANK OF NOVA SCOTIA Filed SC 13G/A on Enerflex, latest Oct 10, 2024 (4 filings since Dec 26, 2023)
- Enerflex Calgary, Alberta, Canada
- Exterran Corp Stake · Houston, Texas
- ENERFLEX INC. Subsidiary · Houston, Texas, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.
What it owns
What Enerflex reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | $102.0M6 Dec 31, 2025 | $96.0M6 Dec 31, 2024 | +6.2% |
| Operating-lease assets (leased space) | $61.0M6 Dec 31, 2025 | $58.0M6 Dec 31, 2024 | +5.2% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $81.0M6 Dec 31, 2025 | $92.0M6 Dec 31, 2024 | −12.0% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $430.0M6 Dec 31, 2025 | $422.0M6 Dec 31, 2024 | +1.9% |
| Intangible assets, net (excluding goodwill) | $29.0M6 Dec 31, 2025 | $37.0M6 Dec 31, 2024 | −21.6% |
Inventory
Products and brands
- energy
Listed on Wikidata.1
Timeline
- 1980Founded Founded in Calgary1
Calendar
Coming up
- Oct 29, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.30 a share, on Nov 6, 2025.9
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
151 filings to the SEC since October 2021: 4 annual reports, 24 large holders, 123 other. The latest 20:
- Oct 13, 20266-K EDGAR
- Oct 13, 20266-K EDGAR
- Oct 7, 20266-K EDGAR
- Oct 1, 20266-K EDGAR
- Sep 30, 20266-K EDGAR
- Aug 6, 20266-K EDGAR
- Jul 13, 20266-K EDGAR
- Jul 6, 20266-K EDGAR
- Jun 25, 20266-K EDGAR
- May 27, 20266-K EDGAR
- May 7, 2026SCHEDULE 13G/A EDGAR
- May 7, 2026SD EDGAR
- May 7, 20266-K EDGAR
- May 5, 2026SCHEDULE 13G/A EDGAR
- Apr 22, 20266-K EDGAR
- Apr 2, 20266-K EDGAR
- Mar 13, 2026S-8 EDGAR
- Mar 4, 20266-K EDGAR
- Feb 26, 202640-F EDGAR
- Feb 26, 20266-K EDGAR
The 151 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Connor, Clark & Lunn Investment Management Ltd.SCHEDULE 13G/A, 5 filings May 8, 2025 to May 7, 202610
- Royal Bank of CanadaSCHEDULE 13G/A, 2 filings Nov 14, 2024 to Feb 13, 202611
- 1832 Asset Management L.P.SCHEDULE 13G/A, 5 filings Feb 13, 2023 to Oct 16, 202512
- LETKO, BROSSEAU & ASSOCIATES INCSCHEDULE 13G/A, 5 filings Feb 10, 2023 to Apr 9, 202513
- CHAI TRUST CO LLCSC 13G/A, 3 filings Jan 3, 2023 to Nov 14, 202414
- BANK OF NOVA SCOTIASC 13G/A, 4 filings Dec 26, 2023 to Oct 10, 202415
Stakes it holds
Enerflex has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).
- Exterran CorpSC 13D Feb 3, 202216
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Connor, Clark & Lunn Investment Management Ltd. | 13,471,786 | $330.5M | 0.6% | +2,278,761 |
| Royal Bank Of Canada | 8,531,161 | $209.1M | 0.0% | +641,490 |
| Mackenzie Financial Corp | 3,817,389 | $133.0M | 0.1% | −1,470,845 |
| Canoe Financial LP | 4,701,871 | $115.4M | 1.4% | +72,312 |
| Hillsdale Investment Management Inc. | 3,615,379 | $88.7M | 2.0% | −216,280 |
| Bank Of Montreal /can/ | 3,561,621 | $87.4M | 0.0% | +425,723 |
| Vanguard Capital Management LLC | 3,517,814 | $86.4M | 0.0% | +32,608 |
| Morgan Stanley | 2,879,791 | $70.6M | 0.0% | −541,890 |
| TD Asset Management Inc | 2,761,267 | $67.8M | 0.1% | −38,241 |
| American Century Companies Inc | 2,264,560 | $55.6M | 0.0% | +490,132 |
| Letko, Brosseau & Associates Inc | 1,997,788 | $49.0M | 0.7% | −582,425 |
| 1832 Asset Management L.P. | 1,546,490 | $37.9M | 0.0% | −471,800 |
| Intact Investment Management Inc. | 1,530,780 | $37.6M | 1.1% | +1,291,980 |
| Goldman Sachs Group Inc | 1,477,503 | $36.2M | 0.0% | +306,685 |
| Dimensional Fund Advisors LP | 1,411,278 | $34.6M | 0.0% | +203,267 |
| Two Sigma Investments, LP | 1,383,928 | $33.9M | 0.0% | +36,278 |
| Bank Of America Corp /de/ | 1,247,201 | $30.6M | 0.0% | −46,271 |
| Vanguard Fiduciary Trust Co | 1,068,078 | $26.2M | 0.0% | +3,931 |
| UBS Group AG | 899,416 | $22.0M | 0.0% | −200,293 |
| Toronto Dominion Bank | 832,232 | $20.4M | 0.0% | +196,521 |
| Cibc World Market Inc. | 645,992 | $15.9M | 0.0% | −107,062 |
| NewGen Asset Management Ltd | 636,744 | $15.6M | 8.6% | −100,000 |
| Millennium Management LLC | 608,844 | $14.9M | 0.0% | +442,957 |
| PCJ Investment Counsel Ltd. | 604,197 | $14.8M | 4.3% | −57,055 |
| National Bank Of Canada /fi/ | 615,177 | $14.7M | 0.0% | −204,573 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Enerflex is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGAREnerflex Ltd.2
- CIK0001904856
- Employer ID (EIN)98-045770317
- Incorporated inCanada17
- Fiscal year endsDecember 312
- Industry code (SIC)3560 General Industrial Machinery & Equipment2
- SEC reviewing officeOffice of Technology, Division of Corporation Finance2
- Business address1331 Macleod Trail Se, Suite 904, Calgary Alberta, Z4 T2G 0K32
- Phone403-387-63772
- Shares outstanding121,801,779 shares as of Dec 31, 202517
- AuditorErnst & Young LLP PCAOB ID 1263; it also attests to the company’s internal control over financial reporting17
- On EDGAR sinceJan 24, 20222
- Filings152 in all: 6-K (72), 425 (26), SCHEDULE 13G/A (11), SC 13G (6), SC 13G/A (6), CORRESP (5), 40-F (4), F-4/A (4)2
All 19 form types
SD (4), UPLOAD (4), S-8 (2), 424B3 (1), 8-A12B (1), CERT (1), EFFECT (1), F-4 (1), S-8 POS (1), SC 13D (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (40-F) Feb 26, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Shares | EFXT | New York Stock Exchange |
From the cover page of the 40-F filed Feb 26, 2026 (Section 12(b) of the Exchange Act).17
Links
- Websitewww.enerflex.com1
- Instagramwww.instagram.com/enerflexltd1
- WikipediaEnerflex
- WikidataQ5376822
- SEC EDGARCIK 1904856
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataEnerflex on Wikidata
- 2SEC EDGAREnerflex filings on SEC EDGAR
- 3WikipediaEnerflex on Wikipedia
- 4
- 5Company websiteEnerflex logo
- 6SEC EDGAREnerflex 10-K for fiscal 2025
- 7SEC EDGAREnerflex filings on SEC EDGAR
- 8SEC EDGAREnerflex 10-K for fiscal 2023
- 9NasdaqNasdaq calendar
- 10
- 11
- 12
- 13
- 14
- 15
- 16SEC EDGAREnerflex SC 13D on Exterran Corp
- 17