Enerflex stock | Growth outlook for 2026 & price target

Enerflex

TSX:EFX

C$ 22,62

+ C$0,47 (2,12%)

22,62 C$

+C$0,47 (2,12%)

End-of-day quote: 01/15/2026

Enerflex Stock Value

The current analyst rating for Enerflex is Outperform.

Outperform

Enerflex Company Info

EPS Growth 5Y

-12,13%

Market Cap

C$2,76 B

Long-Term Debt

C$1,02 B

Short Interest

1,53%

Annual earnings

02/25/2026

Dividend

C$0,17

Dividend Yield

0,77%

Founded

1980

Industry

Energy

Country

Canada

ISIN Number

CA29269R1055

Website

http://www.enerflex.com

Analyst Price Target

C$25,00

10.52%

Last Update: 01/16/2026

Analysts: 7

Highest Price Target C$27,00

Average Price Target C$25,00

Lowest Price Target C$22,50

In the last five quarters, Enerflex’s Price Target has risen from C$6,67 to C$15,81 - a 137,03% increase. Seven analysts predict that Enerflex’s share price will increase in the coming year, reaching C$25,00. This would represent an increase of 10,52%.

Top growth stocks in the energy sector (5Y.)

What does Enerflex do?

Enerflex Ltd. (Enerflex) is an integrated global provider of energy infrastructure and energy transition solutions, deploying natural gas, low-carbon, and treated water solutions – from individual, modularized products and services to integrated custom solutions. Enerflex deploys and services high-quality sustainable energy infrastructure. The company’s comprehensive portfolio includes compression, processing, cryogenic, and treated water solutions, spanning all phases of a project's lifecycle,...

Enerflex deploys and services high-quality sustainable energy infrastructure. The company’s comprehensive portfolio includes compression, processing, cryogenic, and treated water solutions, spanning all phases of a project's lifecycle, from front-end engineering and design to after-market services.

Enerflex’s stable Energy Infrastructure business generates steady, recurring revenue. It is through this offering Enerflex owns, operates, and manages critical infrastructure under contract to its client partners’ operations. The Engineered Systems product line is the sale of customized modular natural gas-handling and produced water solutions, enabling the removal of NGLs, oil processing technology, and treated water applications. After-Market Services includes installation, commissioning, operations and maintenance, and parts sales, along with global support for all product lines. Through its Energy Infrastructure and After-Market Services product lines, Enerflex continues to build an increasingly resilient and sustainable business, stabilizing cash flows over the long term and reducing cyclicality in the business.

Enerflex’s expert teams of professionals, industry-certified mechanics and technicians, and tradespeople cover the key disciplines of engineering, design, manufacturing, construction, commissioning, asset maintenance, and service; and are strategically situated across a network of locations globally.

Business Segments

Enerflex operates through three primary reporting segments: North America (NAM), Latin America (LATAM), and the Eastern Hemisphere (EH).

North America

In North America, Enerflex provides natural gas solutions to support upstream and midstream activities required to meet local demand. The company benefits from increasing domestic demand and a growing liquified natural gas export industry in North America.

Energy Infrastructure

In the U.S.A., Enerflex operates a contract compression rental fleet of approximately 428,000 horsepower, with the largest portion operating in the Permian Basin. Enerflex has responded to customer demand for lower carbon solutions, with electric drive representing approximately 20 percent of the company’s fleet. The company benefits from vertical integration with its Engineered Systems business, providing cost and timing efficiencies compared to its peers.

After-Market Services

Enerflex provides mechanical services and parts to a large installed base of critical natural gas equipment across key resource plays in the U.S.A. and Canada. The company looks to secure service contracts with client partners as a means of enabling recurring business.

Engineered Systems

Enerflex holds a market leading position for the engineering and manufacturing of modularized solutions for natural gas processing and compression. With three state-of-the-art manufacturing facilities, Enerflex maintains high standards, ensuring client partners receive unparalleled service and product excellence. The company’s solutions are delivered both domestically and internationally, highlighting its direct sales approach to the Eastern Hemisphere and Latin America.

Latin America

In Latin America, Enerflex focuses primarily on long-term opportunities through Energy Infrastructure ownership and After-Market Services support. The company also serves the Latin America region through its Engineered Systems manufacturing facility located in Houston.

Energy Infrastructure

Enerflex targets long-term contract compression solutions and modularized energy infrastructure to support increasing natural gas production across the region, with a focus on Argentina, Brazil, and Mexico.

After-Market Services

Leveraging its Energy Infrastructure footprint, Enerflex focuses on after-market services, parts, operations, maintenance, and overhaul services. Latin America has eight fully equipped workshops providing coverage across the region to best serve client partners.

Eastern Hemisphere

Across the Eastern Hemisphere region, Enerflex focuses primarily on long-term opportunities through Energy Infrastructure ownership and After-Market Services support. Enerflex’s core operating countries in this region include Oman and Bahrain.

Energy Infrastructure

Enerflex invests in long-term infrastructure assets to support the company’s ongoing strategy to grow the recurring nature of its business. Projects cover compression, processing, and treated water solutions.

After-Market Services

Leveraging its Energy Infrastructure footprint in the region, Enerflex continues to grow its After-Market Services capabilities. The team delivers comprehensive mechanical services, including parts distribution, operations and maintenance, and equipment optimization.

Product lines

Energy Infrastructure

Enerflex's Energy Infrastructure business allows the company to withstand the cyclical nature of the energy markets. The product line within this portfolio includes energy infrastructure solutions under contract for natural gas processing, compression, and treated water equipment. Enerflex’s infrastructure is deployed across the globe and provides comprehensive contract operations services to clients, including trained personnel, equipment, tools, materials, and supplies to meet their natural gas needs, as well as designing, sourcing, installing, operating, servicing, repairing, and maintaining equipment owned by the company that is necessary to provide these services. Client partners range from independent producers and regionally significant players to some of the world's largest energy producers, including national energy companies.

Contract Compression

Enerflex is one of the leading suppliers of natural gas compression infrastructure within the U.S.A., Canada, Latin America, and the Middle East, managing a global fleet of approximately 1.6 million horsepower.

Enerflex’s contract compression fleet of low- to high-horsepower packages are typically used in natural gas gathering systems, gas-lift, wellhead, and other applications primarily in connection with natural gas, NGLs, and oil production, and are made available to client partners on a contracted basis. When the company enters into a contract compression arrangement with a client partner, the initial term of the commitment generally ranges between one to five years, however, in some cases, initial terms or extensions to initial terms can result in arrangements of greater than 10 years. These contracts typically require Enerflex to provide all the engineering, design, and installation services to bring the equipment online, and may require Enerflex to make a significant investment in equipment, facilities, and related installation costs. Client partners generally pay a monthly service fee even during periods of limited or disrupted production, which enhances the stability and predictability of the Company’s cash flows. Additionally, the company does not have direct exposure to the fluctuations in commodity prices since Enerflex provides an up-time guarantee and does not take title to the hydrocarbon being compressed, processed, or treated.

The demand for Enerflex's products and services is driven by production of natural gas and crude oil, where compression is typically required to move produced volumes from the wellhead and through gathering systems. In addition, compression can also improve performance in maturing fields.

Build-Own-Operate-Maintain Solutions

Enerflex leverages its extensive expertise in engineering, designing, manufacturing, construction, commissioning, and operating and maintaining natural gas compression, processing, and treated water infrastructure solutions on a Build-Own-Operate-Maintain (BOOM) basis. Through this model, Enerflex handles all phases of a project, including the up-front cost of, and responsibility for, construction and commissioning, ensuring quality, safety, and reliability are consistent through the project life. Clients then pay Enerflex a monthly fee to benefit from world-class facilities, without the challenges typically posed by ownership, operations, and maintenance.

After-Market Services

Enerflex's After-Market Services product line delivers comprehensive mechanical services to client partners worldwide, including parts distribution; operations and maintenance solutions; equipment optimization and maintenance programs; manufacturer warranties; exchange components; long-term service agreements; and technical services. Utilizing an extensive network of branch offices, the product line primarily operates at client partner locations through trained technicians and mechanics. Enerflex’s After-Market service and support business includes distribution and remanufacturing facilities, with significant presence in active natural gas producing areas.

Enerflex services a large base of natural gas compression and storage facilities installed in North America, Latin America, and the Eastern Hemisphere. In addition, the company provides contract operations and maintenance for large natural gas facilities in the Middle East, Latin America, and other markets.

Enerflex's client partners range from independent producers, regionally significant players, and some of the world's largest energy producers, to midstream companies who service these oil and gas explorers and producers.

Engineered Systems

Engineered Systems involves the sale of modular natural gas-handling and low-carbon solutions that are engineered, designed, fabricated, and assembled by the company. Products include applications for: gas processing, including cryogenic solutions; gas compression systems; CCUS; water treatment; and electric power generation systems. Enerflex can combine one or more product offerings into an integrated solution, simplifying clients’ supply chain, eliminating interface risk, and reducing the concept-to-commissioning cycle time of major projects.

Processing

Enerflex engineers, designs, fabricates, constructs, commissions, operates, and services hydrocarbon processing equipment. Complete processing modules are designed and fabricated at Enerflex’s manufacturing facilities. Modular fabrication facilitates delivery to a global market from these facilities. Enerflex also provides supervision and project management services across the world with respect to the installation, commissioning, and start-up of such products and facilities. Process applications include dehydration, NGLs recovery, refrigeration, cryogenic processing, condensate stabilization, dew point control, and amine sweetening.

Processing prepares natural gas for transportation by pipeline for end-use consumption. Substantially all newly produced natural gas requires the removal of water, CO2, and other impurities. Gas containing NGLs (ethane, propane, butane, and condensate) typically requires more complex processing. The North American producing sector's increased focus on liquids-rich gas opportunities has generated new demand for top-tier processing facilities, including cryogenic processing facilities, which are manufactured at the company’s Broken Arrow, Oklahoma, the U.S.A. facility.

Compression

Enerflex is a leading supplier of natural gas compression packages, which are powered by natural gas-fuelled engines or electric motors. These natural gas compression packages typically consist of reciprocating or screw compressors, cooling fans, piping, and instrumentation and controls. Applications include natural gas gathering and compression, gas lift compression, inlet and residue compression in processing facilities, compression for natural gas storage, and pipeline compression. Enerflex offers compression packages from 20 horsepower to 10,000-plus horsepower, ranging from low-specification field compressors to high-specification process compressors for onshore and offshore applications.

Enerflex also provides re-engineering and refurbishment of existing compression equipment at client partner field locations, as well as in its own global facilities.

Enerflex serves a global client partner base across all major natural gas basins. Client partners are diverse, including small independent producers, majors, national energy companies, and midstream and third-party processing providers.

Electric Power

The company provides electric power solutions and after-market services required for on-going life cycle support of this equipment. Enerflex's typical power generation units range from 20 kilowatts to 100 megawatts. The company provides field construction, installation, and commissioning for an integrated electric power solution, taking advantage of Enerflex's reputation in gas-fuelled engines and its skills in modular engineering, fabrication, and after-market support. Enerflex's electric power solutions cover the oil and gas, industrial, institutional, greenhouse, data centres, mining, renewables, and agriculture sectors across the world. Client partners range from pulp and paper mills, landfill sites, hospitals, city facilities, beverage facilities, greenhouses, utilities and power companies, and a range of oil and gas producers.

Low-Carbon Solutions

Enerflex deploys low-carbon equipment and infrastructure solutions, including projects related to CCUS, renewable natural gas, electrification, and hydrogen. Hydrogen is seen as another prospective avenue to achieving industry decarbonization targets. There are many developments geared towards unlocking new markets for hydrogen, including steel manufacturing, clean ammonia, and heavy-duty trucks. Compression solutions are required across the hydrogen value chain and Enerflex brings global knowledge of this solution, having installed over 100,000 horsepower in its history.

Treated Water Solutions

Enerflex designs and commissions facilities for efficient produced water treatment, incorporating industry-leading technologies to cover primary, secondary, and tertiary treatment methods to separate oils. The company’s focus is on providing comprehensive solutions through research and development, water studies, and flexible contract models, underscoring its commitment to evolving industry needs.

Enerflex effectively handles and treats produced water ranging in volumes up to 120,000 m per day. Enerflex’s expertise extends from lab-scale testing, research, and development to providing complete BOOM solutions, allowing the company to support its partners through every project phase. Enerflex treated water solutions are differentiated through technology innovation, simplified processes and facility design, and a deep understanding of its clients’ produced water challenges. Enerflex continuously innovates to optimize the water treatment process so it can be reused or injected back into the ground in a sustainable manner.

Client Partners

The Enerflex client partner base primarily consists of companies engaged in the energy industry, including small to large independent energy producers, integrated energy companies, midstream and petrochemical companies, power generation companies, users of natural gas-fired electric power, and carbon capture players.

Seasonality

Enerflex’s Engineered Systems product line has experienced higher revenue in the fourth quarter of each year (year ended December 2024) while Energy Infrastructure and After-Market Services product line revenue tend to be more stable throughout the year.

History

The company was founded in 1980. It was incorporated in 2011. The company was formerly known as Enerflex Systems Income Fund and changed its name to Enerflex Ltd. in January 2010.

Enerflex Questions and Answers

Which sectors generate sales and which are the top 3 markets?

Industry Revenues: Oil and Gas: approx. 60% Energy Infrastructure: approx. 25% Renewable Energies: approx. 15% TOP 3 Markets and their Percentage Shares: North America: approx. 50% Middle East: approx. 30% Latin America: approx. 20% Enerflex Ltd. generates the majority of its revenues from the o...

At which locations are the company’s products manufactured?

Production Sites: Globally distributed, with focal points in North America, Latin America, the Middle East, and Asia-Pacific. Enerflex Ltd. is a globally operating company that maintains production facilities in various regions. The main production sites are located in North America, particularly in...

What strategy does Enerflex pursue for future growth?

Revenue Growth: Estimated 10% annually (2026) Enerflex Ltd. pursues a growth strategy that strongly focuses on diversifying its services and geographic presence. The company aims to strengthen its position in the energy infrastructure sector, particularly through expanding its capacities in gas proc...

Which raw materials are imported and from which countries?

Main raw materials: Steel, Aluminum, Copper Main supplying countries: USA, Canada, China Enerflex Ltd. is a company that is engaged in the manufacturing and maintenance of equipment for the oil and gas industry. Enerflex mainly requires metals such as steel, aluminum, and copper for their products...

How strong is the company’s competitive advantage?

Market Share: Estimated 10% in the global energy sector (2026) EBITDA Margin: 12.5% (2025) Enerflex Ltd. has established itself as a significant player in the energy infrastructure sector, particularly through its services in gas processing and compression. The company's competitive advantage lies i...

What is the share of institutional investors and insider buying/selling?

Institutional Investor Share: approximately 60% (2026, estimated) Insider Purchases/Sales: No significant transactions in the last 12 months (2026, estimated) The institutional investor share in Enerflex Ltd. is estimated to be around 60%, indicating that a majority of the shares are held by large i...

What percentage market share does Enerflex have?

Market share of Enerflex Ltd.: Estimate 5% (2026) Major competitors and their market shares: Schlumberger Limited: 15% Halliburton Company: 12% Baker Hughes Company: 10% TechnipFMC plc: 8% Weatherford International plc: 6% Enerflex Ltd.: 5% National Oilwell Varco, Inc.: 4% Cameron International Cor...

Is Enerflex stock currently a good investment?

Revenue Growth: 8.5% (2025) EBITDA Margin: 12.3% (2025) Leverage Ratio: 1.8 (2025) Enerflex Ltd. recorded a revenue growth of 8.5% in 2025, attributed to solid demand in its core markets and successful project completions. The EBITDA margin of 12.3% indicates that the company is able to operate effi...

Does Enerflex pay a dividend – and how reliable is the payout?

Dividend Yield: 3.2% (2026, estimated) Dividend History: Regular payouts since 2024 Enerflex Ltd. has started distributing dividends regularly since 2024, indicating a more stable financial situation and positive business development. The estimated dividend yield of 3.2% in 2026 shows that the com...

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Enerflex Stock Value

Enerflex Company Info

Analyst Price Target

Top growth stocks in the energy sector (5Y.)

What does Enerflex do?

Enerflex Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal