Enerflex Q3/26 net earnings rise 49% to USD 55 million; revenue falls 20% to USD 623 million
EFX•Enerflex’s third-quarter 2026 net earnings rose 49% year over year to USD 55 million, while revenue fell 20% to USD 623 million. Operating cash flow reached USD 147 million, the quarterly dividend increased about 17% to USD 0.035 per share, and the company secured a data-center power award exceeding 1 gigawatt after quarter-end.
1. Quarterly results
Enerflex reported third-quarter 2026 net earnings of USD 55 million, up 49% year over year, and revenue of USD 623 million, down 20%. The revenue decline primarily reflected prior-year project milestones and Bisat C Expansion revenue recognition.
2. Cash and dividend
Cash provided by operating activities rose 99% year over year to USD 147 million, including USD 51 million in working capital recovery. The company increased its quarterly dividend approximately 17% to USD 0.035 per share, payable November 25, 2026.
3. Data-center award
Following quarter-end, Enerflex secured an award exceeding 1 gigawatt for behind-the-meter natural gas-fired power generation at a North American data center development.
