Enterprise Group (TSX: E) Q1 2026 Results

* Q1 2026 activity levels increased, driven by continued strong growth in the Alberta market.

* Revenue rose 16% to $12.0 million from $10.3 million in the prior period.

* Gross margin increased 18% to $6.1 million from $5.2 million.

* Adjusted EBITDA increased 23% to $5.4 million from $4.4 million.

* Enterprise repurchased and cancelled 717,300 common shares during the quarter at an average price of $1.22 per share.

* Management stated the share price does not reflect the company’s intrinsic value and renewed its normal course issuer bid on April 2, 2026.

* A total of 1.93 million warrants and broker warrants were exercised during the quarter, generating net proceeds of $1.84 million.

* On May 1, 2026, the company acquired land and buildings in Whitecourt, Alberta for $3.15 million. The acquisition was funded through proceeds from the sale of Acheson properties and operational cash flow. The Whitecourt property will serve as the Alberta operations base for Evolution Power Projects to support growing provincial demand.

Q2 already starting strongly. Enterprise Group announces Canada's first fully powered drilling operation utilizing natural gas turbines. The system is delivering approx 1MW of reliable, mobile and continuous power to the project and is displacing approx 7,000 litres of diesel fuel per day thereby producing huge cost savings for the customer.

Investment thesis remains on track.