Mr. Blair Goertzen reports

ENERFLEX REPORTS SECOND QUARTER 2017 FINANCIAL RESULTS AND QUARTERLY DIVIDEND

Enerflex Ltd. has released its financial and operating results for the three and six months ended June 30, 2017.

  SUMMARY TABLE OF SECOND QUARTER AND FIRST HALF OF 2017 FINANCIAL AND OPERATING RESULTS
                (in millions, except per share, horsepower and percentages)

                                 Three months ended June 30       Six months ended June 30    
                                        2017           2016            2017           2016

Revenue                               $433.5         $253.1          $788.3         $524.8
Gross margin                            77.4           64.2           150.7          110.6
EBIT (loss)                             32.7           21.9            65.8          (69.3)
Adjusted EBIT                           34.1           22.2            64.3           29.4
EBITDA                                  53.0           44.9           105.9          (23.7)
Adjusted EBITDA                         54.5           45.2           104.5           75.0
Net earnings (loss) --
continuing operations                   21.3           16.8            45.9          (76.6)
Earnings (loss) per share --
continuing operations                   0.24           0.21            0.52          (0.97)
Recurring revenue %                    33.7%          37.7%           33.7%          37.7%
Bookings                               400.2          154.4          $718.8         $219.4
Backlog                                773.2          345.4           773.2          345.4
Rental horsepower                    474,707        499,615         474,707        499,615

"Enerflex's second quarter financial results reflect the improved market dynamics, demonstrated by the company's strengthened operating income and earnings relative to last year. With over $400-million in bookings in the quarter, the strong trend continued from recent quarters and provides visibility into activity levels over the remainder of 2017 and into 2018," said J. Blair Goertzen, Enerflex's president and chief executive officer. "We continue to see solid momentum in the U.S. and rest of world segments. Within Canada, the company remains cautious as the market continues to face price volatility which creates uncertainty around customer capital budgets for the remainder of the year. Enerflex also closed the acquisition of Mesa Compression on July 31 and we are excited to welcome Mesa's experienced and skilled employees to Enerflex and will continue to build on the strength of this established platform."

Quarterly overview

• Recorded bookings of $400.2-million, a significant increase of 159.2 per cent compared with the $154.4-million recorded in the second quarter of 2016. Bookings in the second quarter of 2017 marked the fifth consecutive quarter where bookings increased over the same quarter from the comparative period. Subsequent to the end of the quarter, the company recorded bookings of approximately $92-million, the majority of which was in the U.S. segment;
• Engineered systems backlog at June 30, 2017, was $773.2-million, a 24.4-per-cent increase compared with the backlog of $621.4-million at Dec. 31, 2016;
• Generated revenue of $433.5-million, a 71.3-per-cent increase compared with $253.1-million in the second quarter of 2016, largely driven by increased engineered systems revenues;
• Reported earnings before interest and taxes of $32.7-million during the second quarter of 2017, compared with $21.9-million in the second quarter of 2016;
• Enerflex entered into an agreement to acquire the U.S.-based contract compression business of Mesa Compression LLC for $106-million (U.S.), subject to certain purchase price adjustments. The acquisition closed on July 31, 2017;
• Subsequent to quarter-end, Enerflex declared a quarterly dividend of 8.5 cents per share payable Oct. 12, 2017, to shareholders of record on Aug. 24, 2017.

Quarterly results material

This press release should be read in conjunction with Enerflex's interim condensed financial statements as at and for the three and six months ended June 30, 2017, and the accompanying management's discussion and analysis, both of which will be available on the Enerflex website under the investors section and on SEDAR.

Conference call and webcast details

Enerflex will host a conference call for analysts, investors, members of the media and other interested parties on Friday, Aug. 11, 2017, at 8 a.m. MT (10 a.m. ET) to discuss the second quarter 2017 financial results and operating highlights. The call will be hosted by Mr. Goertzen and D. James Harbilas, executive vice-president and chief financial officer of Enerflex.

If you wish to participate in this conference call, please call 1-844-231-9067 or 1-703-639-1277. Please dial in 10 minutes prior to the start of the call. No passcode is required. The live audio webcast of the conference call will be available on the Enerflex website under the investors section on Aug. 11, 2017, at 8 a.m. MT (10 a.m. ET). A replay of the teleconference will be available on Aug. 11, 2017, at 3 p.m. MT until Aug. 18, 2017, at 3 p.m. MT. Please call 1-855-859-2056 or 1-404-537-3406 and enter conference ID 64829236.

About Enerflex Ltd.

Enerflex is a single source supplier of natural gas compression, oil and gas processing, refrigeration systems, and electric power generation equipment, plus related engineering and mechanical service expertise. The company's broad in-house resources provide the capability to engineer, design, manufacture, construct, commission and service hydrocarbon handling systems. Enerflex's expertise encompasses field production facilities, compression and natural gas processing plants, refrigeration systems, and electric power equipment servicing the natural gas production industry.

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