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Enerflex Ltd(EFX-T)
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Stocks in play: Enerflex Ltd.

Baystreet.ca - Baystreet - Tue Jan 16, 8:31AM CST

Today is providing a full-year 2023 update and its preliminary financial and operational outlook for 2024. Based on our preliminary review of unaudited results, Enerflex estimates 2023 capital expenditures of approximately US$110 million, below our guidance range of US$120 million to US$140 million, as we prioritized debt reduction to lower net financing costs. As at December 31, 2023, Enerflex’s net debt1 balance was less than US$900 million, which reflects gross debt repayments of approximately US$120 million during the fourth quarter. Enerflex Ltd. shares T.EFX are trading unchanged at $5.96.

Provided Content: Content provided by Baystreet. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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