Enterprise Group Subsidiary Awarded Project to Support Coastal Gas Link Construction

Enterprise Group Subsidiary Awarded Project to Support Coastal Gas Link Construction

Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (the "Company" or "Enterprise"). Enterprise, a consolidator of energy services (including specialized equipment rental to the energyresource sector), announces that its subsidiary, Artic Therm International Ltd., ("Artic Therm") was awarded a project to assist in the protective coating application process of a significant section of the Coastal Gas Link Pipeline connecting N.E. British Columbia to the LNG Canada facility in Kitimat, BC.

Artic Therm's self-contained, portable truck heating units are capable of producing up to 3.3 million BTU of flameless heat and up to 15,000 CFM of clean, breathable air flow. Multiple ATI 2500 units will be heating several hundred metre sections of pipeline at a time, to achieve specific pipe temperatures. This heating effort is to assist in the application of a specialized protective coating. Extreme winter conditions, snow, and ice, make this coating process difficult in the remote Canadian landscape. The project is expected to take place over the remainder of the extreme winter season.

Artic Therm's fleet and its seasoned crews have been heating, drying, and thermally expanding steel pipelines since 1999. To learn more about Artic Therm's specialized equipment and capabilities, please visit: www.artictherm.com.

About Enterprise Group, Inc.

Enterprise Group, Inc is a consolidator of services-including specialized equipment rental to the energy/resource sector. The Company works with particular emphasis on systems and technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas emissions for itself and its clients. The Company is well known to local Tier One and international resource companies with operations in Western Canada. More information is available at the Company's website www.enterprisegrp.ca. Corporate filings can be found on www.sedar.com.

For questions or additional information, please contact:

Leonard Jaroszuk: President & CEO, or
Desmond O'Kell: Senior Vice-President
contact@enterprisegrp.ca
780-418-4400

Forward-Looking Information

This news release may contain certain forward-looking information, as defined under applicable Canadian securities legislation, that is not based on historical fact, including without limitation statements containing the words "believes", "anticipates", "plans", "intends", "will", "should", "expects", "continue", "estimate", "forecasts" and other similar expressions. In particular, this news release includes forward-looking information relating to the Company's intention to purchase Shares pursuant to the normal course issuer bid, the number of Shares to be purchased, the timing of such purchases and the impact of such purchases on the value of the remaining Shares. Actual results, events or developments could be materially different from those expressed or implied by these forward-looking statements. There is no assurance that any of the events or expectations will occur or be realized. By their nature, forward-looking statements are subject to numerous assumptions and risk factors including those discussed in the Company's Annual Information Form and most recent MD&A which are incorporated herein by reference and are available through SEDAR at www.sedar.com. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/152385

News Provided by Newsfile via QuoteMedia

E:CA
The Conversation (0)
Enterprise Group Announces Results for Second Quarter 2023

Enterprise Group Announces Results for Second Quarter 2023

Enterprise Group, Inc. (TSX: E) (the "Company" or "Enterprise"). Enterprise, a consolidator of energy services (including specialized equipment rental to the energyresource sector), emphasizing technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas emissions for small to Tier One resource clients, is pleased to announce its Q2 2023 results.

 
Three months
June 30,
2023

 

Three months
June 30,
2022

 

Six months
June 30,
2023

 

Six months
June 30,
2022

   
Revenue $ 5,459,855
 
$ 5,297,685
 
$ 15,468,187
 
$ 12,927,103
 
Gross margin $ 1,679,552
31%
$ 1,610,188
30%
$ 6,778,847
44%
$ 5,131,973
40%
Adjusted EBITDA(1) $ 1,115,876
20%
$ 1,015,978
19%
$ 5,508,558
36%
$ 4,045,803
31%
Net (loss) income and comprehensive (loss) income $ (525,736)
 
$ (513,268
 
$ 2,275,599
 
$ 1,164,744
 
(Loss) income per share - Basic and Diluted $ (0.01)
 
$ (0.01
 
$ 0.05
 
$ 0.02
   

 
(1) Identified and defined under "Non-IFRS Measures".
 

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Enterprise Group Announces Annual Meeting Results

Enterprise Group Announces Annual Meeting Results

Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) ("Enterprise" or the "Company") announces the voting results of its annual meeting of shareholders held on June 13, 2023. The detailed results of the vote are set out below.

Election of Directors

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Enterprise Group Announces Results for First Quarter 2023

Enterprise Group Announces Results for First Quarter 2023

Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (the "Company" or "Enterprise"). Enterprise, a consolidator of energy services (including specialized equipment rental to the energyresource sector), is pleased to announce its Q1 2023 results.

OVERALL PERFORMANCE AND RESULTS OF OPERATIONS

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Higher Capital Spending for Oil Industry to Drive Growth for Energy Service Providers

Higher Capital Spending for Oil Industry to Drive Growth for Energy Service Providers

Investorideas.com, a global investor news source covering oil and gas stocks issues an energy services sector snapshot featuring Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF), a consolidator of services including specialized equipment rental to the energyresource sector. The Company also works with particular emphasis on mobile power systems and technologies that mitigate, reduce or eliminate CO2 and Greenhouse Gas emissions for itself and its clients.

Read the full article on Investorideas.com
https://www.investorideas.com/News/2023/energy/04050Energy-Service-Providers.asp.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Enterprise Group Announces Results for Fourth Quarter and Full Year 2022

Enterprise Group Announces Results for Fourth Quarter and Full Year 2022

Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (the "Company" or "Enterprise"). Enterprise, a consolidator of energy services (including specialized equipment rental to the energyresource sector), is pleased to announce its Q4 2022 and FY2022 results.

OVERALL PERFORMANCE AND RESULTS OF OPERATIONS

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
CHARBONE Hydrogen Provides Update on Flagship Sorel-Tracy Project, Achieving Multiple Key Milestones This Week

CHARBONE Hydrogen Provides Update on Flagship Sorel-Tracy Project, Achieving Multiple Key Milestones This Week

(TheNewswire)

The CHARBONE team announced onsite construction progress at its Sorel-Tracy flagship, preparing for equipment deliveries and the start of production.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Charbone Hydrogene annonce des mise-a-jour sur le projet phare de Sorel-Tracy, franchissant plusieurs etapes cles cette semaine

Charbone Hydrogene annonce des mise-a-jour sur le projet phare de Sorel-Tracy, franchissant plusieurs etapes cles cette semaine

(TheNewswire)

L'équipe Charbone a annoncé l'avancement des travaux de construction sur le site de son projet phare de Sorel-Tracy, se préparant aux livraisons d'équipements et au début de la production.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Helium molecules and Canada flag.

Helium Stocks: 5 Biggest Canadian Companies in 2025

Demand for helium is rising alongside the semiconductor, healthcare and nuclear energy sectors.

Produced from natural gas wells, helium is an odorless, colorless, non-toxic, non-combustible and non-corrosive gas. While it may bring to mind birthday balloons, the element is an important industrial gas due to its cooling properties.

Helium has several critical applications across various industries witnessing market growth, including the manufacturing of semiconductors and electronics, medical imaging and nuclear power generation.

Keep reading...Show less
Provaris

RaaS Research Sees Major Upside for Provaris’ Hydrogen Play

Description:

Provaris Energy’s (ASX:PV1,OTC:GBBLF) innovative hydrogen storage technology presents a compelling investment opportunity leveraging the global transition to low-carbon energy, a recent analyst report from RaaS Research Group said.

Provaris’ ‘storage tank’ IP enables greater volumes of compressed gases to be transported at lower cost, underpinning a fundamental change in the economics of the hydrogen supply chain, according to the report.

Keep reading...Show less
Westport Announces Closing of Previously Announced Light-Duty Segment Divestiture

Westport Announces Closing of Previously Announced Light-Duty Segment Divestiture

Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX:WPRT Nasdaq:WPRT), today announced the successful closing of the previously announced transaction to divest its Light-Duty Segment and outlines its strategic vision for future growth, emphasizing expansion of market share, entering new markets and right sizing its current operations.

Today, Westport closed the sale of the Light-Duty Segment to a wholly-owned investment vehicle of Heliaca Investments Coöperatief U.A. ("Heliaca Investments"), a Netherlands based investment firm supported by Ramphastos Investments Management B.V., a prominent Dutch venture capital and private equity firm (the "Transaction"). The Transaction, initially announced on March 31, 2025, includes the sale of Westport Fuel Systems Italia S.r.l., encompassing the Light-Duty OEM, delayed OEM, and independent aftermarket businesses. Total consideration for the assets was a base price of approximately $79.5 million (€67.7 million), subject to certain adjustments, along with potential earnouts of up to a revised estimate of $3.9 million (€3.3 million) based on future performance milestones.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×