Evolution PowerX
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Evolution PowerX (E) investor relations material

Evolution PowerX Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary13 Aug, 2026

Executive summary

  • Achieved record second quarter revenue, marking four consecutive quarters of growth in both revenue and adjusted EBITDA.

  • Activity levels in 2026 outpaced the prior year, driven by strong Alberta market growth and deployment of Canada’s first drilling operation powered by synchronized natural gas/fuel gas turbine generators.

  • Expanded natural gas turbine fleet with the addition of a 3.2-megawatt unit to meet increasing customer demand and project scale.

Financial highlights

  • Three-month revenue rose 36% year-over-year to $8.8 million; adjusted EBITDA up 164% to $2.1 million.

  • Six-month revenue increased 24% year-over-year to $20.8 million; adjusted EBITDA up 45% to $7.5 million.

  • Gross margin for the quarter was $3.0 million, up from $1.6 million year-over-year; six-month gross margin reached $9.1 million, up from $6.8 million.

Outlook and guidance

  • The new 3.2-megawatt SPG4 turbine generator is expected to be commercially available for customer projects in Q4 2026.

  • Management anticipates continued expansion of the natural gas turbine fleet to address broader power market opportunities.

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