Enerflex(US:EFXT)2024-05-08 17:25Financial Performance & Strategy - Enerflex aims to deliver shareholder value while meeting energy demands[1] - The company is focused on debt reduction and expects to increase returns to shareholders once the target leverage range is achieved[21] - Recurring sources are expected to contribute 55% to 65% of gross margin before depreciation and amortization[19] - The company reduced bank-adjusted net debt-to-EBITDA ratio to 2.2x at the end of Q1 2024, compared to 2.3x at the end of Q4 2023[11, 20] Market Position & Operations - Enerflex is a global market leader in natural gas and energy transition solutions[9, 46] - The company has an Engineered Systems backlog of $1.3 billion, with the majority expected to be executed in 2024[8, 134, 135] - Approximately 75% of the company's fleet operates in the Permian, and about 20% of the total fleet is electric drive[14] - Over 50% of Energy Infrastructure revenue and payments are generated in Gulf Cooperation Council (GCC) countries[31] ESG & Sustainability - Enerflex is committed to environmental stewardship, social responsibility, and high standards of safety and corporate governance[23] - The company's Scope 1 Emissions Intensity decreased by approximately 40% since 2021[43] - Enerflex's Total Recordable Incident Rate (TRIR) decreased 16% since 2021[52]