Welcome to our dedicated page for Enterprise Group news (Ticker: ETOLF), a resource for investors and traders seeking the latest updates and insights on Enterprise Group stock.
Enterprise Group Inc. (ETOLF) delivers specialized energy services through equipment rental and mobile power solutions focused on emission reduction. This news hub provides investors and industry professionals with centralized access to official updates regarding operational developments, environmental initiatives, and strategic partnerships.
Discover timely information on earnings announcements, technology deployments, and collaborative projects that underscore the company's commitment to sustainable energy practices. Our curated collection includes updates on low-emission power system implementations, equipment fleet expansions, and agreements with indigenous communities or technology providers.
Key updates cover advancements in natural gas-powered solutions replacing diesel generators, regulatory compliance achievements, and service expansions supporting remote resource operations. Bookmark this page to efficiently monitor how ETOLF balances operational growth with environmental stewardship in the energy services sector.
Enterprise Group (TSX: E, OTCQB: ETOLF) has announced the finalization of a $41 million senior secured credit facility with a Canadian Schedule 1 bank. The facility, bearing interest at up to prime + 2%, will support acquisitions, capital expenditures, and working capital needs.
The credit facility is secured by a first charge on all company assets and is subject to specific financial covenants. Enterprise Group, which specializes in energy services and equipment for the energy/resource sector, focuses on technologies that reduce CO2 and GHG emissions for both local and Tier One resource clients.
Enterprise Group has received approval from the Toronto Stock Exchange (TSX) to initiate a normal course issuer bid for its common shares. The company is authorized to purchase up to 5,624,649 shares, representing 10% of its public float as of March 19, 2025.
The buyback program will run from April 2, 2025 to April 1, 2026. With 77,531,187 shares currently outstanding and an average daily trading volume of 437,486 shares, Enterprise is to daily repurchases of 109,371 shares, except when using the block purchase exemption. All shares will be purchased through the TSX or alternative Canadian trading systems at prevailing market prices and subsequently cancelled.
Enterprise Group (TSX: E, OTCQB: ETOLF) reported mixed results for Q4 and FY2024. Q4 revenue decreased 19% to $7.8M from $9.6M year-over-year, with adjusted EBITDA falling 48% to $2.3M. However, full-year 2024 revenue increased 3% to $34.6M.
Key developments include a five-year exclusivity agreement with FlexEnergy Solutions for turbine applications in Alberta and BC, and a $28M capital raise in December 2024. The company repaid its bank loan facility with a $15.7M payment, including a $1.5M settlement discount.
While Q4 2024 activities were below expectations, early 2025 shows improved operations. The company invested $16.9M in capital assets, focusing on natural gas power generation equipment. Enterprise notes increasing customer demand for natural gas generators as a cleaner alternative to diesel, despite some project delays due to the Kitimat LNG plant startup postponement to mid-2025.
Enterprise Group (TSX: E, OTCQB: ETOLF), a consolidator of energy services specializing in equipment and services for the energy/resource sector, has announced it will release its 2025 fourth quarter and annual financial results on March 20, 2025.
The company focuses on technologies that help mitigate, reduce, or eliminate CO2 and Green House Gas emissions for both small local and Tier One resource clients. The financial results, along with Management's Discussion & Analysis, will be made available on Enterprise's website and SEDAR.
Enterprise Group (TSX: E, OTCQB: ETOLF) has successfully closed its previously announced bought deal offering, with underwriters exercising the over-allotment option in full. The company issued 15,131,585 common shares at $1.90 per share, raising total gross proceeds of approximately $28.8 million.
The net proceeds will be used for working capital and general corporate purposes, supporting the company's expansion plans in the natural gas turbine power sector. Directors and officers have entered into 90-day lock-up agreements. The offering was completed through a final short form prospectus in all Canadian provinces except Quebec.
Enterprise Group (TSX: E, OTCQB: ETOLF) has filed a final short form prospectus for its previously announced bought deal offering. The company is offering 13,157,900 common shares at $1.90 per share, aiming to raise approximately $25.0 million in gross proceeds.
The offering is being conducted through a syndicate of underwriters including Canaccord Genuity Corp., Raymond James , and Acumen Capital Finance Partners An over-allotment option has been granted to the underwriters, which if exercised in full, could increase the gross proceeds to $28.8 million. The offering is expected to close around December 12, 2024.
Enterprise Group and its subsidiary Evolution Power Projects (EPP) announced success in a flare gas utilization project in North Central Alberta. EPP's mobile turbine power generation units are converting excess gas production into approximately 1 megawatt of continuous power for on-site applications. The project currently utilizes about 13% of EPP's natural gas power fleet, helping clients meet strict flaring and emissions standards while providing cost-effective power solutions. The initiative enables clients to leverage excess natural gas production in areas with minimal infrastructure, supporting production enhancement and field development needs.
Enterprise Group (TSX: E) (OTCQB: ETOLF) has announced an upcoming investor webcast scheduled for November 21st, 2024, at 2:00 p.m. ET/11:00 a.m. PT. The presentation will feature key executives including Chairman and CEO Leonard Jaroszuk, President Desmond O'Kell, and CFO Warren Cabral. The webcast will cover operational updates and insights into the company's third-quarter results, with a Q&A session following the presentation. Enterprise Group specializes in energy services and equipment, focusing on technologies that reduce CO2 and GHG emissions for resource sector clients.
Enterprise Group reported mixed Q3 2024 results, with quarterly revenue declining 24% to $6.8M compared to Q3 2023, while nine-month revenue increased 12% to $26.8M. Q3 saw reduced activity due to forest fire season preparations and extended employee time off. Despite Q3 challenges, nine-month performance showed strong growth with adjusted EBITDA up 21% to $10.8M. The company generated operating cash flow of $12.1M for the nine months. Enterprise invested $13.5M in capital assets, focusing on natural gas power generation equipment. A notable development includes a new five-year exclusivity agreement with FlexEnergy Solutions for turbine applications in Alberta and British Columbia.
Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) has announced a strategic exclusivity agreement with FlexEnergy Solutions, a globally recognized turbine manufacturer. The five-year agreement positions Enterprise's subsidiary, Evolution Power Projects (EPP), as the sole provider of short-term turbine and microturbine applications across all commercial and industrial sectors in Alberta and British Columbia.
This partnership allows EPP to exclusively supply cutting-edge, efficient turbine units for temporary power needs in these key Canadian markets. The agreement also includes a reciprocal referral arrangement between EPP and FlexEnergy Solutions, enhancing customer service and ensuring clients receive the most effective energy solutions.
Enterprise Group CEO Leonard Jaroszuk stated that this agreement represents a significant milestone in their strategic growth initiatives, strengthening their market position as a comprehensive energy solutions provider.
