Enerflex (EFXT) 40-F 28 Feb 24 2023 FY Annual report (Canada) Financial data

Cover Page

Cover Page	12 Months Ended
	Dec. 31, 2023 shares
Document Information [Line Items]
Document Type	40-F
Amendment Flag	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Registrant Name	Enerflex Ltd
Entity Central Index Key	0001904856
Current Fiscal Year End Date	--12-31
Entity Address, Address Line One	Suite 904
Entity Address, Address Line Two	1331 Macleod Trail S.E.
Entity Address, City or Town	Calgary
Entity Address, State or Province	AB
Entity Address, Country	CA
Entity Address, Postal Zip Code	T2G 0K3
Entity Incorporation, State or Country Code	Z4
Entity Tax Identification Number	98-0457703
City Area Code	403
Local Phone Number	387-6377
Auditor Name	Ernst & Young LLP
Document Financial Statement Error Correction [Flag]	false
Auditor Firm ID	1263
Auditor Location	Calgary, Canada
Title of 12(b) Security	Common Shares
Trading Symbol	EFXT
Security Exchange Name	NYSE
Document Registration Statement	false
Document Annual Report	true
Entity Current Reporting Status	Yes
Entity Primary SIC Number	3563
Entity Interactive Data Current	Yes
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Common Stock, Shares Outstanding	123,956,865
Entity File Number	001-41531
Annual Information Form	true
Audited Annual Financial Statements	true
Business Contact [Member]
Document Information [Line Items]
Contact Personnel Name	Enerflex Energy Systems Inc.
Entity Address, Address Line One	10815 Telge Road
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77095
City Area Code	281
Local Phone Number	345-9300

Consolidated Statements of Fina

Consolidated Statements of Financial Position - CAD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	[1]
Current assets
Cash and cash equivalents	$ 126,089	$ 253,776
Short-term investments	14,425
Accounts receivable	525,854	455,841	[2]
Contract assets	230,455	186,259
Inventories	389,398	369,298
Work-in-progress related to finance leases	0	41,986
Current portion of finance leases receivable	56,982	60,020
Income taxes receivable	4,090	10,397
Derivative financial instruments	594	901
Prepayments	76,579	71,398
Assets held for sale	9,225
Total current assets	1,433,691	1,449,876
Property, plant and equipment	136,472	152,505
Energy infrastructure assets	1,143,668	1,237,550
Contract assets	178,928	223,179
Lease right-of-use assets	82,213	78,372
Finance leases receivable	212,557	234,484
Deferred tax assets	27,520	21,857
Intangible assets	73,245	102,773
Goodwill	571,810	674,396	[2]
Other assets	51,876	83,076
Total assets	3,911,980	4,258,068
Current liabilities
Accounts payable and accrued liabilities	561,120	628,086
Provisions	25,976	18,826
Income taxes payable	73,530	74,086
Deferred revenues	392,371	366,085
Current portion of long-term debt	52,904	27,088
Current portion of lease liabilities	25,453	20,125
Derivative financial instruments	1,019	977
Other current liabilities	7,936
Liabilities associated with assets held for sale	6,319
Total current liabilities	1,146,628	1,135,273
Deferred revenues	29,485	33,435
Long-term debt	1,162,014	1,363,237
Lease liabilities	75,259	72,908
Deferred tax liabilities	86,502	88,550
Other liabilities	18,070	21,757
Total liabilities	2,517,958	2,715,160
Shareholders' equity
Share capital	591,598	589,827
Contributed surplus	660,030	660,072
Retained earnings	40,892	164,200
Accumulated other comprehensive income	101,502	128,809
Total shareholders' equity	1,394,022	1,542,908
Total liabilities and shareholders' equity	$ 3,911,980	$ 4,258,068
[1]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments for the acquisition of Exterran as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.[2]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments related to the Transaction as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Consolidated Statements of Loss

Consolidated Statements of Loss $ in Thousands	12 Months Ended
	Dec. 31, 2023 CAD ($) $ / shares shares	Dec. 31, 2022 CAD ($) $ / shares shares
Profit or loss [abstract]
Revenue	$ 3,162,095	$ 1,777,798
Cost of goods sold	2,544,949	1,455,082
Gross margin	617,146	322,716
Selling, general and administrative expenses	395,875	301,242
Foreign exchange loss	58,933	19,202
Operating income	162,338	2,272
Gain (loss) on disposal of property, plant and equipment	(2,146)	199
Loss on short-term investments	(17,624)
Equity earnings from associates and joint ventures	2,464	4,719
Impairment of goodwill	(87,168)	(48,000)	[1]
Earnings (loss) before finance costs and income taxes	57,864	(40,810)
Net finance costs	126,392	38,923
Loss before income taxes	(68,528)	(79,733)
Income taxes	42,396	21,210
Net loss	$ (110,924)	$ (100,943)
Loss per share – basic | (per share)	$ (0.9)	$ (1.04)
Loss per share – diluted | (per share)	$ (0.9)	$ (1.04)
Weighted average number of shares – basic | shares	123,834,242	97,045,917
Weighted average number of shares – diluted | shares	123,834,242	97,045,917
[1]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments related to the Transaction as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Loss - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Statement of comprehensive income [abstract]
Net loss	$ (110,924)	$ (100,943)
Other comprehensive income (loss) that may be reclassified to profit or loss in subsequent periods:
Change in fair value of derivatives designated as cash flow hedges, net of income tax recovery	(363)	360
(Gain) loss on derivatives designated as cash flow hedges transferred to net loss, net of income tax expense	29	(389)
Unrealized gain (loss) on translation of foreign-denominated debt	18,728	11,779
Unrealized gain (loss) on translation of financial statements of foreign operations	(45,701)	72,406
Other comprehensive income (loss)	(27,307)	84,156
Total comprehensive loss	$ (138,231)	$ (16,787)

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022
Operating Activities
Net loss	$ (110,924)		$ (100,943)
Items not requiring cash and cash equivalents:
Depreciation and amortization	267,519		128,287
Equity earnings from associates and joint ventures	(2,464)		(4,719)
Deferred income taxes (Note 22)	(10,863)		3,265
Share-based compensation expense (Note 26)	7,652		16,162
(Gain) loss on disposal of property, plant and equipment (Note 11)	2,146		(199)
Loss on short-term investments	17,624
Impairment of energy infrastructure assets (Note 11)	1,726		1,233
Impairment of goodwill (Note 15)	87,168		48,000
Adjustments to reconcile profit (loss) other than changes in working capital	259,584		91,086
Net change in working capital and other (Note 32)	13,727		(71,318)
Cash provided by operating activities	273,311		19,768
Investing Activities
Net cash acquired from Acquisition (Note 6)	0		133,218
Additions to:
Property, plant and equipment (Note 11)	(21,818)		(8,043)
Energy infrastructure assets (Note 11)	(121,160)		(107,797)
Intangibles (Note 14)	(6,481)
Proceeds on disposal of:
Property, plant and equipment (Note 11)	7,514		416
Energy infrastructure assets (Note 11)	32,336		15,907
Purchase of short-term investments	(32,049)
Investment in associates and joint ventures	0		(5,950)
Dividends received from associates and joint ventures	0		3,094
Net change in working capital associated with investing activities	(17,230)		12,403
Cash provided by (used in) investing activities	(158,888)		43,248
Financing Activities
Net proceeds from (repayment of) the Revolving Credit Facility (Note 20)	(137,343)		464,624
Issuance of the Notes	0		797,629
Issuance (repayment) of the Term Loan (Note 20)	(26,746)		207,062
Repayment of assumed debt on Acquisition	0		(1,022,112)
Repayment of the Notes on Acquisition	0		(285,722)
Repayment of the Bank Facility on Acquisition	0		(31,213)
Net proceeds from (repayment of) the Asset-Based Facility on Acquisition	0		(39,295)
Lease liability principal repayment (Note 21)	(20,422)		(15,758)
Dividends	(12,378)		(8,969)
Stock option exercises (Note 23)	1,279		260
Deferred transaction costs	(4,884)		(54,652)
Cash provided by (used in) financing activities	(200,494)		11,854
Effect of exchange rate changes on cash and cash equivalents denominated in foreign currencies	(41,616)		6,148
Increase (decrease) in cash and cash equivalents	(127,687)		81,018
Cash and cash equivalents, beginning of period (Note 7)	253,776	[1]	172,758
Cash and cash equivalents, end of period (Note 7)	$ 126,089		$ 253,776	[1]
[1]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments for the acquisition of Exterran as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - CAD ($) $ in Thousands	Total	Share capital [Member]	Contributed surplus [Member]	Retained earnings [member]	Foreign currency translation adjustments [Member]	Hedging reserve [Member]	Accumulated other comprehensive income [member]
Beginning Balance at Dec. 31, 2021	$ 1,353,754	$ 375,524	$ 658,615	$ 274,962	$ 44,544	$ 109	$ 44,653
Net loss	(100,943)			(100,943)
Other comprehensive income (loss)	84,156				84,185	(29)	84,156
Common shares issued (Note 6 and 23)	213,942	213,942
Effect of stock option plans (Note 23 and 24)	1,818	361	1,457
Dividends	(9,819)			(9,819)
Ending Balance at Dec. 31, 2022	1,542,908	589,827	660,072	164,200	128,729	80	128,809
Net loss	(110,924)			(110,924)
Other comprehensive income (loss)	(27,307)				(26,973)	(334)	(27,307)
Effect of stock option plans (Note 23 and 24)	1,729	1,771	(42)
Dividends	(12,384)			(12,384)
Ending Balance at Dec. 31, 2023	$ 1,394,022	$ 591,598	$ 660,030	$ 40,892	$ 101,756	$ (254)	$ 101,502

Nature And Description Of The C

Nature And Description Of The Company	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Nature and description of the company	NOTE 1. NATURE AND DESCRIPTION OF THE COMPANY Enerflex Ltd. (“Enerflex” or “the Company”) deploys and services high-quality sustainable energy infrastructure tailored to customers’ needs – from individual, modularized products and services to integrated custom solutions. A leading energy services company, the Company’s vertically integrated suite of product offerings includes processing, cryogenic, compression, electric power, and treated water solutions, spanning all phases of a project’s lifecycle, from front-end low-carbon Headquartered in Calgary, Alberta, Canada, Enerflex’s registered office is located at 904, 1331 Macleod Trail SE, Calgary, Alberta, Canada. Enerflex has approximately 4,800 employees worldwide. Enerflex, its subsidiaries, interests in associates and joint operations, operate in over 70 locations globally, including Canada, the United States of America (“USA”), Argentina, Bolivia, Brazil, Colombia, Mexico, Peru, the United Kingdom, United Arab Emirates (“UAE”), Bahrain, Oman, Egypt, Iraq, Nigeria, Pakistan, Saudi Arabia, Australia, Indonesia, and Thailand. Enerflex operates four business segments and reports in three business segments: Canada and USA, which combine into the North America (“NAM”) reporting segment, Latin America (“LATAM”) which includes our operations in Mexico and South America, and Eastern Hemisphere (“EH”) which includes the Company’s international operations in Europe, Africa, the Middle East, Australia, and Asia. The following table represents material subsidiaries of the Company as at December 31, 2023:  Name Jurisdiction of Incorporation Ownership Operating Segment Enerflex Ltd. Canada Public Shareholders North America Enerflex International Holdings Ltd. Barbados 100 percent Eastern Hemisphere Enerflex Energy Systems Inc. Delaware, USA 100 percent North America Enerflex US Holdings Inc. 1 Delaware, USA 100 percent North America Exterran Energy Solutions, LP Delaware, USA 100 percent North America Enerflex Energy Systems (Australia) PTY Ltd. Australia 100 percent Eastern Hemisphere Enerflex Middle East LLC Oman 70 percent 2 Eastern Hemisphere Enerflex Middle East WLL Bahrain 100 percent Eastern Hemisphere Enerflex Holding Company NL B.V. Netherlands 100 percent Eastern Hemisphere Exterran Middle East LLC Oman 100 percent Eastern Hemisphere 1 2

Basis Of Presentation

Basis Of Presentation	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Basis Of Presentation	NOTE 2. BASIS OF PRESENTATION (a) Statement of Compliance These consolidated financial statements (the “Financial Statements”) have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) and were approved and authorized for issue by the Board of Directors (the “Board”) on February 28, 2024. Certain prior period amounts have been reclassified to conform with current period’s presentation. (b) Basis of Presentation and Measurement These Financial Statements are prepared on a historical cost basis except as detailed in the accounting policies disclosed in Note 3 “Summary of Material Accounting Policies” “Changes in Accounting Policies” “New Accounting Pronouncements” sub-section. Management performed a review of the presentation of certain selling, general and administrative expenses (“SG&A”). Following its review, the Company has disaggregated foreign exchange loss and loss on short-term investments from SG&A and presented them separately within the consolidated statements of loss. This disaggregation provides more relevant information and reflects the impact of the ongoing devaluation of the Argentine peso, caused by high inflation. More information can be found in Note 30 “ Financial Instruments ” million which included the aforementioned foreign exchange loss. The Company did not report any gain or loss on short-term investments for the year ended December 31, 2022. There was no impact to operating income for the year ended December 31, 2022 as a result of this disaggregation. (c) Functional Currency and Presentation Currency These Financial Statements are presented in Canadian dollars, which is the Company’s presentation currency, rounded to the nearest thousand, except per share amounts or as otherwise noted. Transactions of the Company’s individual entities are recorded in their own functional currency based on the primary economic environment in which it operates. (d) Use of Estimates and Judgment The timely preparation of these Financial Statements requires that Management make judgments, estimates, and assumptions based on existing knowledge that affect the application of accounting policies and the reported amounts and disclosures. Actual results could differ from these estimates and assumptions. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. Significant estimates and judgments used in the preparation of the Financial Statements are described in Note 5 “Significant Accounting Estimates and Judgment” (e) Basis of Consolidation These Financial Statements include the accounts of the Company and its subsidiaries. Subsidiaries are fully consolidated from the date of acquisition and continue to be consolidated until the date that control ceases. The financial statements of the subsidiaries are prepared for the same reporting period as the parent Company, using consistent accounting policies. All intra-group balances, income and expenses, and unrealized gains and losses resulting from intra-group transactions are eliminated in full.

Summary Of Material Accounting

Summary Of Material Accounting Policies	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Summary Of Material Accounting Policies	NOTE 3. SUMMARY OF MATERIAL ACCOUNTING POLICIES (a) Business Combinations and Goodwill Business combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration transferred, measured at fair value on the date of the acquisition. Acquisition costs incurred are expensed and included in SG&A, except for those associated with the issuance of debt, which are included in the initial carrying amount of the liability. Results of operations of businesses acquired are included in the Company’s consolidated financial statements from the date of acquisition. Goodwill arising on an acquisition of a business is initially measured at cost, being the excess of the aggregate of the consideration transferred over the net identifiable assets acquired and liabilities assumed. Following initial recognition, goodwill is measured at cost less any accumulated impairment losses. Goodwill allocated to a group of cash-generating units (“CGUs”) is reviewed for impairment annually, or when there is an indication that a related group of CGUs may be impaired. Impairment is determined by assessing the recoverable amount of the group of CGUs to which the goodwill relates. Where the recoverable amount of the group of CGUs is less than the carrying amount of the CGUs and related goodwill, an impairment loss is recognized in the consolidated statements of earnings. Impairment losses on goodwill are not reversed. (b) Investments in Associates and Joint Ventures Investments in associates and joint ventures are accounted for under the equity method. Under this method, the investment is carried on the consolidated statements of financial position at cost plus post-acquisition changes in the Company’s share of net assets of the associate or joint venture. The significant associates and joint ventures held by the Company are as follows: ● 45 percent interest in Roska DBO Inc. (“Roska DBO”). ● 65 percent interest in a joint venture in Brazil. The consolidated statements of earnings reflect the Company’s share of the results of operations of associates and joint ventures. Unrealized gains and losses resulting from transactions between the Company and associates are eliminated to the extent of the interest in the associate or joint venture. The Company’s share of profits from associates and joint ventures is shown on the face of the consolidated statements of earnings. This is the profit attributable to equity holders of the associates and joint venture partners and, therefore, is profit after tax and non-controlling (c) Foreign Currency Translation In the accounts of individual subsidiaries, transactions in currencies other than the individual subsidiaries’ functional currency are recorded at the prevailing rate of exchange at the date of the transaction. At year-end, Non-monetary Non-monetary The assets and liabilities on the statements of financial position of foreign subsidiaries are translated into Canadian dollars at the prevailing exchange rate at the reporting date. The statements of earnings of foreign subsidiaries are translated at average exchange rates for the reporting period. Exchange differences arising on the translation of net assets are taken to accumulated other comprehensive income. All foreign exchange gains and losses are taken to the consolidated statements of earnings with the exception of exchange differences arising on monetary assets and liabilities that form part of the Company’s net investment in subsidiaries. These are taken directly to other comprehensive income until the disposal of the foreign subsidiary at which time the unrealized gain or loss is recognized in the consolidated statements of earnings. On the disposal of a foreign subsidiary, accumulated exchange differences are recognized in the consolidated statements of earnings as a component of the gain or loss on disposal. (d) Cash and Cash Equivalents Cash and cash equivalents comprise primarily of cash at banks, term deposits, investments in money market funds, and all other short-term highly liquid deposits with original maturities of three months or less, that are held for the purpose of meeting short-term cash commitments, readily convertible to a known amount of cash and subject to an insignificant change in value. (e) Short-Term Investments Short-term investments comprise of investments into mutual funds other than money market funds. The Company examines all information provided by the fund managers and external sources to the extent possible to determine if the net asset value (“NAV”) provided by the fund represents fair value. If it is determined that NAV represents fair value, the investment is adjusted to reflect NAV and unrealized gains or losses are recorded through profit or loss. (f) Trade Receivables Trade receivables are recognized and carried at original invoice amount less an allowance for any amounts estimated to be uncollectible. The Company calculates an expected credit loss based on historical experience of bad debts and specific provisions created when there is objective evidence that the collection of the full amount of a receivable is no longer probable under the terms of the original invoice. The amount of this allowance represents Management’s best estimate of expected credit losses. Trade receivables are derecognized when they are assessed as uncollectible. (g) Contract Assets The payment terms and conditions in customer contracts may vary from the timing of revenue recognition. Contract assets result when the Company has recognized revenue based on performance obligations satisfied, but invoicing hasn’t occurred. Once the contract permits invoicing, the contract assets are reclassified to trade receivables. (h) Assets Held for Sale Assets and the associated liabilities are classified as held for sale if their carrying amounts are expected to be recovered through a disposition rather than through continued use. The assets or disposal groups are measured at the lower of their carrying amount or estimated fair value less costs of disposal. Impairment losses on initial classification as well as subsequent gains or losses on remeasurement are recognized in the statement of earnings. Assets classified as held for sale are not depreciated or amortized after classification. (i) Impairment of Non-Financial At least annually, the Company reviews the carrying amounts of its tangible and intangible assets with finite lives to assess whether there is an indication that those assets may be impaired. If any such indication exists, the Company makes an estimate of the asset’s recoverable amount. An asset’s recoverable amount is the higher of an asset’s fair value less costs to sell and its value-in-use. value-in-use, pre-tax If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. A corresponding impairment loss is recognized in the consolidated statements of earnings. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but only to the extent that the increased carrying amount does not exceed the original carrying amount that would have been determined, net of depreciation, had no impairment loss been recognized for the asset in prior years. Any impairment reversal is recognized in the consolidated statements of earnings. (j) Inventories Inventories are valued at the lower of cost and net realizable value. Serialized inventory is determined on a first-in, first-out Non-serialized Cost of equipment, repair and distribution parts, and direct materials, include purchase costs and costs incurred in bringing each product to its present location and condition. Cost of work-in-progress work-in-progress Cost of inventories includes the transfer from accumulated other comprehensive income of gains and losses on qualifying cash flow hedges in respect of the purchase of inventory. Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs of completion and the estimated costs necessary to make the sale. Inventories are written down to net realizable value when the cost of inventories is estimated to be unrecoverable due to obsolescence, damage, or declining selling prices. Inventories are not written down below cost if the finished products in which they will be incorporated are expected to be sold at or above cost. When circumstances that previously caused inventories to be written down no longer exist or when there is clear evidence of an increase in selling prices, the amount of the write-down previously recorded is reversed. (k) Property, Plant and Equipment Property, plant and equipment (“PP&E”) are stated at cost less accumulated depreciation and any accumulated impairment losses. Cost comprises the purchase price or construction cost and any costs directly attributable to making the asset capable of operating as intended. Depreciation is provided using the straight-line method over the estimated useful lives of the various classes of assets and commences when the assets are ready for intended use. Asset Class Estimated Useful Life Range   Buildings 5 to 20 years Equipment 2 to 20 years Major renewals and improvements are capitalized when they are expected to provide future economic benefit. When significant components of PP&E are required to be replaced at intervals, the Company derecognizes the replaced part, and recognizes the new part with its own associated useful life and depreciation. No depreciation is charged on land or assets under construction. Repairs and maintenance costs are charged to operations as incurred. The carrying amount of an item of PP&E is derecognized on disposal or when no future economic benefits are expected from its use or disposal. The gain or loss arising from derecognition of PP&E is included in the consolidated statements of earnings when the item is derecognized. Each asset’s estimated useful life, residual value, and method of depreciation are reviewed and adjusted, if appropriate, at each year end, or when factors and circumstances suggest a different useful life for the asset. (l) Energy Infrastructure Assets Energy infrastructure (“EI”) assets are stated at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided using the straight-line method over the estimated useful lives of the assets, which are generally between five When the Company is responsible for major maintenance and overhauls, the actual overhaul cost is capitalized and depreciated over the estimated useful life of the overhaul, generally between two Each asset’s estimated useful life, residual value, and method of depreciation are reviewed and adjusted, if appropriate, at each year-end, (m) Leases Company as a Lessee A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The Company recognizes a right-of-use The ROU asset is measured at cost and is subsequently depreciated using the straight-line method over the lesser of the lease term or the useful life of the underlying asset, where appropriate. The lease liability is initially measured at the present value of remaining lease payments, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Company’s incremental borrowing rate. Subsequently, lease liabilities are measured at amortized cost using the effective interest method. Lease liabilities are remeasured when there is a change in future lease payments arising from a change in an index or rate, if there is a change in the Company’s estimate of the amount expected to be payable under a residual value guarantee, or if the Company changes its assessment of whether it will exercise a purchase, extension, or termination option. The payments related to short-term and low value leases are recognized as expenses over the lease term. Sale and leaseback transaction For sale and leaseback transactions, the Company applies the requirements of IFRS 15 “Revenue from Contracts with Customers” (“IFRS 15”) to determine whether the transfer of an asset is accounted for as a sale due to a change in control. If the transfer of the asset is a sale in accordance with IFRS 15, the Company will recognize the proportion of the asset not retained by the Company through the lease as revenue immediately after the sale. The proportion of the asset retained by the Company through the lease is recognized as a ROU asset and the lease liability is measured as the present value of the future lease payments. Company as a Lessor Leases in which the Company is the lessor are assessed upon commencement and are classified as either an operating lease or a finance lease. An operating lease does not transfer substantially all the risks and rewards of the leased asset to the customer. Lease payments from operating leases are recorded as income on a straight-line basis over the life of the lease. A finance lease exists when the terms of the lease transfer substantially all the risks and rewards incidental to ownership of the leased asset to the lessee. Amounts due from lessees under finance leases are recorded as finance lease receivables. Finance leases are initially recognized at amounts equal to the net investment in the lease, determined to be the fair value of the underlying asset, or, if lower, the present value of the lease payments discounted using a market rate of interest. Payments that are part of the leasing arrangement are divided between a reduction in the finance lease receivable and finance lease income. Finance lease income is recognized to produce a constant rate of return on the Company’s investment in the lease and is included in revenues. (n) Deferred Revenue The payment terms and conditions in customer contracts may vary from the timing of revenue recognition. Deferred revenue occurs when the company has collected payment but has not delivered the product or service that satisfies the performance obligation. Deferred revenue is recognized to the income statement as the underlying (o) Financial Instruments Financial instruments are measured at fair value on initial recognition of the instrument, plus or minus transaction costs that are directly attributable to the acquisition or issue of the financial asset or financial liability. For the purposes of measuring financial assets after initial recognition, the Company classifies financial assets as either amortized cost, fair value through other comprehensive income (“FVOCI”), or fair value through profit or loss (“FVTPL”), based on the contractual cash flow characteristics and the Company’s business model for managing the financial asset. For the purposes of measuring financial liabilities after initial recognition, the Company classifies all financial liabilities as amortized cost, except certain financial liabilities, such as derivatives, which are classified as FVTPL. The Company applies the market approach for recurring fair value measurements. Three levels of inputs may be used to measure fair value: ● Level 1: Fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical assets or liabilities. Active markets are those in which transactions occur in sufficient frequency and volume to provide pricing information on an on-going ● Level 2: Fair value measurements are those derived from inputs, other than quoted prices included in Level 1, that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices); and ● Level 3: Fair value measurements are those derived from inputs for the asset or liability that are not based on observable market data (unobservable inputs). In these instances, internally developed methodologies are used to determine fair value. The level in the fair value hierarchy within which the fair value measurement is categorized in its entirety is determined on the basis of the lowest level input that is significant to the fair value measurement in its entirety. Assessing the significance of a particular input to the fair value measurement in its entirety requires judgment, considering factors specific to the asset or liability, and may affect placement within. The Company has made the following classifications: ● Short-term investments are measured at fair value through profit or loss. Gains and losses resulting from the periodic revaluation are recorded in the consolidated statements of earnings; ● Accounts receivable, preferred shares, and cash and cash equivalents are recorded at amortized cost using the effective interest rate method; and ● Accounts payable, accrued liabilities, and long-term debt are recorded at amortized cost using the effective interest rate method. Transaction costs are expensed as incurred for financial instruments classified or designated as FVTPL. Transaction costs related to financial liabilities classified and measured at amortized cost are added to the value of the instrument at acquisition and taken into the consolidated statements of earnings using the effective interest rate method. (p) Derivative Financial Instruments and Hedge Accounting The Company formally documents its risk management objectives and strategies to manage exposures to fluctuations in foreign currency exchange rates and interest rates. The risk management policy permits the use of certain derivative financial instruments, including forward foreign exchange contracts and interest rate swaps, to manage these fluctuations. The Company does not enter into derivative financial agreements for speculative purposes. Derivative financial instruments are measured at their fair value upon initial recognition and are remeasured to their fair value at the end of each reporting period. The fair value of quoted derivatives is equal to their positive or negative market value. Derivatives are carried as assets when the fair value is positive and as liabilities when the fair value is negative. The Company elected to apply hedge accounting for foreign exchange forward contracts for anticipated transactions. These are designated as cash flow hedges. For cash flow hedges, fair value changes of the effective portion of the hedging instrument are recognized in accumulated other comprehensive income, net of taxes. The ineffective portion of the fair value changes is recognized in the consolidated statements of earnings. Amounts charged to accumulated other comprehensive income are reclassified to the consolidated statements of earnings when the hedged transaction affects the consolidated statements of earnings. The Company’s U.S. dollar-denominated long-term debt has been designated as a hedge of net investment in self-sustaining foreign operations. As a result, a portion of unrealized foreign exchange gains and losses on the U.S. dollar-denominated long-term debt are included in the cumulative translation account in other comprehensive income. On an ongoing basis, an assessment is made as to whether the designated derivative financial instruments continue to be effective in offsetting changes in cash flows of the hedged transactions. (q) Intangible Assets Intangible assets are carried at cost less accumulated amortization and any accumulated impairment losses. Intangible assets with a finite life are amortized on a straight-line basis over Management’s best estimate of their expected useful lives. The amortization charge is included in SG&A in the consolidated statements of earnings. The expected useful lives and amortization method are reviewed on an annual basis with any change in the useful life or pattern of consumption adjusted at year end. Intangible assets are tested for impairment whenever there is an indication that the asset may be impaired. Acquired identifiable intangible assets with finite lives are amortized on a straight-line basis over their estimated useful lives. Customer relationships, software, and other intangible assets have an estimated useful life range of two (r) Revenue Recognition Revenue is recognized as the Company satisfies its performance obligations by transferring promised goods or services to customers, regardless of when payment is received. Revenue is measured at the amount of consideration to which the Company expects to be entitled, in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third parties, and may include fixed amounts, variable amounts, or both. Variable amounts are recorded using either the “expected value approach” or the “most likely outcome approach”, as determined upon initial recognition of the contract, and are reassessed at each reporting period. The expected value approach measures variable consideration by probability weighting all the potential outcomes. The most likely outcome approach measures variable consideration as Management’s best estimate of the variable component. In estimating variable consideration, the Company reviews any potential for returns, refunds, and other similar obligations. For contracts containing multiple performance obligations, the amount of consideration to which the Company expects to be entitled is allocated to individual performance obligations proportionately based on the stand-alone selling price. Energy Infrastructure Revenue from EI assets is recognized in accordance with the terms of the relevant agreement with the customer over the term of the agreement. Payments are typically required on a monthly basis with no unusual payment terms. Certain rental contracts contain an option for the customer to purchase the assets at the end of the rental period. Should the customer exercise this option to purchase, revenue from the sale of the equipment is recognized directly in the consolidated statements of earnings. Revenue from contracts that have been classified as finance leases relating to existing or pre-owned lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership of an underlying asset. Whether a lease is an operating or finance lease depends on the substance of the transaction rather than the form of the contract. Examples of situations, which typically would lead to a lease being classified as a finance lease, include but are not limited to: a) the lease transfers ownership of the underlying asset to the lessee by the end of the lease term; b) the lessee has the option to purchase the underlying asset at a price that is expected to be sufficiently lower than the fair value at the date the option becomes exercisable for it to be reasonably certain, at the inception date, that the option will be exercised; c) the lease term is for the major part of the economic life of the underlying asset even if title is not transferred; d) at the inception date, the present value of the lease payments amounts to at least substantially all of the fair value of the underlying asset; and e) the underlying asset is of such a specialised nature that only the lessee can use it without major modifications. At the commencement of these finance leases, the Company recognizes revenue and a finance lease receivable equal to the net investment in the lease. Finance income is recognized in EI revenue reflecting a constant periodic rate of return on the Company’s net investment in the lease over the lease term. After-Market Services After-Market Services (“AMS”) revenues include the sales of parts and equipment, as well as the servicing and maintenance of equipment. For the sale of parts and equipment, revenue is recognized when the transfer of control passes, which is typically at the point of shipping. For servicing and maintenance of equipment, revenue is recognized on a straight-line basis based on performance of the contracted-upon service. Revenue from long-term service contracts is recognized on a stage of completion basis proportionate to the service work that has been performed based on parts and labour service provided. Payments are typically required on a monthly basis or as work is performed, with no unusual payment terms. At the completion of the contract, any remaining profit on the contract is recognized as revenue. Any expected losses on such projects are charged to operations when determined. Long-term service contracts include scheduled milestone maintenance, corrective or crash maintenance, the supply of parts, and the operation of equipment. Engineered Systems Revenue from the supply of equipment systems – contracts typically involving engineering, design, manufacture, installation, and start-up percentage-of-completion For ES contracts, the Company generally requires customers to pay based on milestones as manufacturing progresses. These milestones are generally structured to keep the Company cash flow-positive. Contracts are also generally structured to ensure the Company is made whole for costs incurred in the event of a cancellation. Revenue from contracts that have been classified as finance leases for newly manufactured equipment are recorded as ES revenue for the upfront sale of equipment recognized at a point in time when the lease commences. ES projects are typically completed within a year; however, this timing can be impacted by both internal and external factors such as shop loading and customer delivery requests. The Company has elected to omit adjusting for significant financing components in the consideration amount if the entity expects payment within one year of transferring goods or services to a customer. Incremental costs of obtaining a contract predominantly relate to commission costs on ES projects, which are typically completed within one year. Accordingly, the Company did not recognize commission costs incurred as an asset in the consolidated statements of financial position. (s) Provisions Provisions are recognized when the Company has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. (t) Onerous Contracts A provision for onerous contracts is recognized when the expected benefits to be derived by the Company from a contract are lower than the unavoidable cost of meeting its obligations under the contract. The provision is measured at the present value of the lower of the expected cost of terminating the contract and the expected net cost of continuing with the contract. Before a provision is established, the Company recognizes any impairment loss on the assets associated with that contract. (u) Employee Future Benefits The Company sponsors various defined contribution pension plans, which cover substantially all employees and are funded in accordance with applicable plan and regulatory requirements. Regular contributions are made by the Company to the employees’ individual accounts, which are administered by a plan trustee, in accordance with the plan document. The actual cost of providing benefits through defined contribution pension and the 401(k) matched savings plans is charged to earnings in the period in respect of which contributions become payable. (v) Finance Income and Costs Finance income comprises interest income on funds invested. Finance income is recognized as it accrues in profit or loss, using the effective interest rate method. Finance costs comprise interest expense on borrowings, amortization of the Notes discount using the effective interest rate method, and interest incurred on lease liabilities. (w) Share-Based Payments Equity-Settled Share-Based Payments The Company offers a Stock Option Plan to key employees, measured at the fair value of the equity instrument at the grant date. Details regarding the determination of the fair value of equity-settled share-based transactions are set out in Note 26 “ Share-Based Compensation ” The fair value of equity-settled share-based payments is expensed over a five-year vesting period with a corresponding increase in equity. Stock options have a seven-year expiry and are exercisable at the designated common share price, which is determined by the average of the market price of the Company’s shares on the five days preceding the date of the grant. The cumulative expense recognized for equity-settled transactions at each reporting date until the vesting date reflects the extent to which the vesting period has expired and the Company’s best estimate of the number of equity instruments that will ultimately vest. Cash-Settled Share-Based Payments The Company offers Deferred Share Unit (“DSU”), Performance Share Unit (“PSU”), Restricted Share Unit (“RSU”), and Cash Performance Target (“CPT”) plans to certain employees. The Company also offers the DSU plan to non-employee The Company also offers a Phantom Share Entitlement (“PSE”) plan to certain employees of affiliates located in Australia and the UAE. PSEs are measured at the fair value of the equity instrument at the grant date and expensed over a five-year vesting period and expire on the seventh anniversary. The exercise price of each PSE equals the average of the market price of the Company’s shares on the five days preceding the date of the grant. At the end of each reporting period until the liability is settled, and at the date of settlement, the fair value of the liability is remeasured, with changes in fair value recognized in the consolidated statements of earnings. The award entitlements for increases in the share trading value of the Company are to be paid to the recipient in cash upon exercise. (x) Income Taxes Income tax expense represents the sum of current income tax and deferred tax. Current income tax assets and liabilities for the current and prior periods are measured at the amount expected to be recovered from or paid to the taxation authorities. Taxable earnings differ from earnings as reported in the consolidated statements of earnings as it excludes temporary and permanent differences. The Company’s current tax assets and liabilities are calculated by using tax rates that have been enacted or substantively enacted at the reporting date. Deferred income tax is recognized on all temporary differences at the reporting date based on the difference between the carrying amounts of assets and liabilities in the consolidated financial statements and the corresponding tax bases used in the computation of taxable profit, with the following exceptions: ● Where the temporary difference arises from the initial recognition of goodwill or of an asset or liability in a transaction that is not a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss; ● In respect of taxable temporary differences associated with investments in subsidiaries, associates and joint ventures, where the timing of the reversal of the temporary difference can be controlled and it is probable that the temporary difference will not reverse in the foreseeable future; and ● Deferred income tax assets are recognized only to the extent that it is probable that a taxable profit will be available against which the deductible temporary differences, carried forward tax credits, or tax losses can be utilized. The carrying amount of deferred income tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred income tax assets to be utilized. Unrecognized deferred income tax assets are reassessed at each reporting date and are recognized to the extent that it has become probable that future taxable profit will allow the deferred tax asset to be recovered. Deferred income tax assets and liabilities are measured on an undiscounted basis at the tax rates that are expected to apply when the asset is realized or the liability is settled, based on tax rates and tax laws enacted or substantively enacted at the reporting date. Current and deferred income taxes are charged or credited directly to equity if it relates to items that are credited or charged to equity in the same period. Otherwise, income tax is recognized in the consolidated statements of earnings. In accordance with IAS 12 Income taxes, where an entity’s tax return is prepared in a currency other than its functional currency, changes in the exchange rate between the two currencies create temporary differences with respect to

Changes In Accounting Policies

Changes In Accounting Policies	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Changes In Accounting Policies	NOTE 4. CHANGES IN ACCOUNTING POLICIES Amendments to Existing Standards The Company has reviewed amendments to existing accounting standards, The following amendments, effective for annual periods beginning on or after January 1, 2023, were adopted by the Company as of January 1, 2023. There were no adjustments that resulted from the adoption of these amendments on January 1, 2023. (a) IAS 1 Presentation of Financial Statements (“IAS 1”) and IFRS Practice Statement 2 Effective January 1, 2023, the IASB issued amendments to IAS 1, which helps companies provide useful accounting policy disclosures. The key amendments include (a) requiring companies disclose their material accounting policies rather than focusing on significant accounting policies; (b) clarifying that accounting policies related to immaterial transactions, other events or conditions are themselves immaterial and as such need not be disclosed; and (c) clarifying that not all accounting policies that relate to material transactions, other events or conditions are themselves material to a company’s financial statements. (b) IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors (“IAS 8”) Effective January 1, 2023, the definition of accounting estimates was amended under IAS 8. Under the amended definition, a change in an input or a change in a measurement technique are changes in accounting estimates if they do not result from the correction of prior period errors. The amendment further clarifies that accounting estimates are monetary amounts in the financial statements subject to measurement uncertainty. (c) IAS 12 Income Taxes (“IAS 12”) (i) In May 2021, the IASB issued amendments to IAS 12, which narrows the scope of the initial recognition exception under IAS 12, so that it no longer applies to transactions that give rise to equal taxable and deductible temporary differences. Under the amendments, the initial recognition exception does not apply to transactions that, on initial recognition, give rise to equal taxable and deductible temporary differences. It only applies if the recognition of a related asset and liability give rise to taxable and deductible temporary differences that are not equal. (ii) In May 2023, the IASB issued final amendments to International Tax Reform – Pillar Two Model Rules. The amendments introduced a temporary exception to entities from the recognition and disclosure of information about deferred tax assets and liabilities related to Pillar Two model rules. The Company is within the scope of the Organisation for Economic Co-operation top-up For the year ended December 31, 2023, earnings before income taxes from the UAE and Bahrain was approximately $37 million with an average tax rate of 0% as calculated in accordance with IAS 12. Management has determined that these jurisdictions are more likely than not to have additional current tax liability. Due to the complexities in applying the legislation and calculating GLoBE income, the quantitative impact of this legislation is not yet reasonably estimated. New Accounting Pronouncements The Company has reviewed new and revised accounting pronouncements that have been issued but are not yet effective. (a) IAS 1 Presentation of Financial Statements (“IAS 1”) In October 2022, the IASB issued amendments to clarify that the classification of liabilities as current or non-current non-current, non-current These amendments are effective January 1, 2024 and are to be applied retrospectively. Management believes these amendments will have no significant impacts on the Company. (b) IFRS 16 Leases (“IFRS 16”) In September 2022, the IASB issued amendments to IFRS 16 that add subsequent measurement requirements for lease liabilities arising from sale and leaseback transactions for seller-lessees. The amendment does not prescribe specific measurement requirements for lease liabilities but measures the lease liability in a way that it does not recognise any amount of the gain or loss that relates to the right of use retained. These amendments are effective January 1, 2024 and are to be applied retrospectively. Management believes these amendments will have no significant impacts on the Company. (c) IAS 21 The Effects of Changes in Foreign Exchange Rates (“IAS 21”) In August 2023, the IASB issued amendments to IAS 21 which specifies how an entity should assess whether a currency is exchangeable and how to estimate the spot exchange rate when a currency is not exchangeable. Under the amendment, a currency is considered to be exchangeable into another currency when an entity is able to obtain the other currency within a time frame that allows for a normal administrative delay and through a market or exchange mechanism in which an exchange transaction would create enforceable rights and obligations. When a currency is not exchangeable, an entity estimates the spot rate as the rate at which an orderly transaction would take place between market participants at the measurement date that would reflect the prevailing economic conditions. An entity is required to disclose information that would enable users to evaluate when and how a currency’s lack of exchangeability affects financial performance, financial positions, and cash flows of an entity. The amendments are effective January 1, 2025, with early adoption permitted. Management has not yet determined the full impact this amendment will have on the Company.

Significant Accounting Estimate

Significant Accounting Estimates and Judgment	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Significant Accounting Estimates and Judgment	NOTE 5. SIGNIFICANT ACCOUNTING ESTIMATES AND JUDGMENT The timely preparation of these Financial Statements requires that Management make estimates and assumptions and use judgment. Estimates, assumptions and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances, uncertainties about the current economic environment including significant market volatility in commodity prices, high inflation, high interest rates, and increasing energy prices. Uncertainty about these assumptions and estimates could however result in outcomes that require a material adjustment to the carrying amount of the asset or liability affected in future periods. In the process of applying the Company’s accounting policies, Management has made the following judgments, estimates, and assumptions, which have a significant effect on the amounts recognized in the consolidated financial statements: Revenue Recognition – Performance Obligation Satisfied Over Time The Company reflects revenues relating to performance obligations satisfied over time using the percentage-of-completion percentage-of-completion percentage-of-completion Certain contracts also include aspects of variable consideration, such as liquidated damages on project delays. For these contracts, Management must make estimations as to the likelihood of the variable consideration being recognized or constrained, based on the status of each project, the potential value of variable consideration, communication received from the customer, and other factors. Management continues to monitor these factors. Changes in estimated cost or revenue associated with a project, including variable consideration, could result in material changes to revenue and gross margin recognized on certain projects. Revenue Recognition – Performance Obligation Satisfied at a Point in Time The Company reflects revenues relating to performance obligations satisfied at a point in time when control – indicated by transfer of the legal title, physical possession, significant risks and rewards of ownership, or any combination of these indicators – is transferred to the customer. When the Company is a lessor, and determines that a lease is a finance lease, the upfront sale of equipment is recognized at a point in time at lease commencement. Provisions for Warranty Provisions set aside for warranty exposures either relate to amounts provided systematically based on historical experience under contractual warranty obligations or specific provisions created in respect of individual customer issues undergoing commercial resolution and negotiation. Amounts set aside represent Management’s best estimate of the likely settlement and the timing of any resolution with the relevant customer. Business Acquisitions In a business acquisition, the Company may acquire assets and assume certain liabilities of an acquired entity. Estimates are made as to the fair value of PP&E, intangible assets, and goodwill, among other items. In certain circumstances, such as the valuation of PP&E and intangible assets acquired, the Company relies on independent third-party valuators. The determination of these fair values involves a variety of assumptions, including revenue growth rates, projected cash flows, customer attrition rates, operating margins, discount rates, and economic lives. PP&E, Energy Infrastructure Assets and Intangible Assets PP&E, EI assets, and intangible assets are stated at cost less accumulated depreciation and accumulated amortization and any impairment losses. Depreciation and amortization is calculated using the straight-line method over the estimated useful lives of the assets. The estimated useful lives of PP&E, EI assets, and intangible assets is reviewed on an annual basis. Assessing the reasonableness of the estimated useful lives of PP&E, EI assets, and intangible assets requires judgment and is based on currently available information. PP&E, EI assets, and intangible assets are also reviewed for potential impairment on an annual basis or whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Changes in circumstances, such as technological advances and changes to business strategy can result in actual useful lives differing significantly from estimates. The assumptions used, including rates and methodologies, are reviewed on an ongoing basis to ensure they continue to be appropriate. Revisions to the estimated useful lives of PP&E, EI assets, and intangible assets constitutes a change in accounting estimate and are applied prospectively. ROU Asset and Lease Liability The Company determines the ROU asset and lease liability for each lease upon commencement. In calculating the ROU asset and lease liability, the Company is required to determine a suitable discount rate in order to calculate the present value of the contractual payments for the right to use the underlying asset during the lease term. In addition, the Company is required to assess the term of the lease, including if the Company is reasonably certain to exercise options to extend the lease or terminate the lease. Discount rates and lease assumptions are reassessed on a periodic basis. Finance Lease Receivables In calculating the value of the Company’s finance lease receivables, the Company is required to determine the fair value of the underlying assets included in the finance lease transaction, or, if lower, the present value of the lease payments discounted using a market rate of interest. The fair value of the underlying assets should reflect the amount that the Company would otherwise recognize on a sale of those assets. Allowance for Doubtful Accounts Amounts included in allowance for doubtful accounts reflect the expected credit losses for trade receivables. The Company determines allowances based on Management’s best estimate of future expected credit losses, considering historical default rates, current economic conditions, and forecasts of future economic conditions. Future economic conditions, especially around the oil and gas industry, may have a significant impact on the collectability of trade receivables from customers and the corresponding expected credit losses. Management has implemented additional monitoring processes in assessing the creditworthiness of customers and believes the current provision appropriately reflects the best estimate of its future expected credit losses. Significant or unanticipated changes in economic conditions could impact the magnitude of future expected credit losses. Impairment of Inventories The Company regularly reviews the nature and quantities of inventory on hand and evaluates the net realizable value of items based on historical usage patterns, known changes to equipment or processes, and customer demand for specific products. Significant or unanticipated changes in business conditions could impact the magnitude and timing of impairment recognized. Impairment of Non-Financial Impairment exists when the carrying value of an asset or group of assets exceeds its recoverable amount, which is the higher of its fair value less costs to sell and its value-in-use. value-in-use Impairment of Goodwill The Company tests goodwill for impairment at least on an annual basis, or when there is any indication that goodwill may be impaired. This requires an estimation of the value-in-use value-in-use “ Goodwill and Impairment Review of Goodwill ” Income Taxes Uncertainties exist with respect to the interpretation of complex tax regulations and the amount and timing of future taxable income. Given the wide range of international business relationships and the long-term nature and complexity of existing contractual agreements, differences arising between the actual results and the assumptions made, or future changes to such assumptions, could necessitate future adjustments to taxable income. The Company establishes provisions for uncertain tax positions, based on reasonable estimates, for possible consequences of audits by the tax authorities of the respective countries in which it operates. The amount of such provisions is based on various factors, such as experience of previous tax audits and differing interpretations of tax regulations by the taxable entity and the responsible tax authority. Such differences of interpretation may arise on a wide variety of issues depending on the conditions prevailing in the respective company’s domicile. The Company reviews the adequacy of these provisions at the end of each reporting period and adjusts them as required. However, it is possible that, at some future date, current income tax liabilities are in excess of the Company’s current income tax provision as a result of these audits, adjustments, or litigation with tax authorities. These differences could materially impact the Company’s assets, liabilities, and net income. Deferred tax assets are recognized for all unused tax losses, carried forward tax credits, or other deductible temporary differences to the extent that it is probable that taxable profit will be available against which these deferred tax assets can be utilized. Significant judgment is required to determine the amount of deferred tax assets that can be recognized, based upon the timing of reversal, expiry of losses and the level of future taxable profits together with future tax planning strategies. The basis for this estimate is Management’s cash flow projections. To the extent the Company determines the recoverability of deferred tax assets is unlikely, the deferred tax asset is not recognized. Management regularly assesses the unrecognized deferred tax asset to determine what portion can be recognized in response to changing economic conditions or recent events. Share-Based Compensation The Company employs the fair value method of accounting for stock options and phantom share entitlement. The determination of the share-based compensation expense for stock options and phantom share entitlement requires the use of estimates and assumptions based on exercise prices, market conditions, vesting criteria, length of employment, and past experiences of the Company. Changes in these estimates and future events could alter the determination of the provision for such compensation. Details concerning the assumptions used are described in Note 26 “ Share-Based Compensation ”

Acquisition

Acquisition	12 Months Ended
	Dec. 31, 2023
Business combinations [Abstract]
Acquisition	NOTE 6. ACQUISITION On October 13, 2022, the Company completed the acquisition (the “Transaction”) of Exterran Corporation (“Exterran”) for total consideration of $ 223  October 13, 2022 Final Preliminary Purchase consideration Shares exchanged $ 213,942 $ 213,942 Fair value of vested stock-based compensation 1 8,641 8,641 Total purchase consideration $ 222,583 $ 222,583 Identifiable assets acquired and liabilities assumed Net working capital $ 63,290 $ 56,715 Property, plant, and equipment 60,395 60,395 Energy infrastructure assets 568,550 581,338 Contract assets 217,585 217,585 Finance leases receivables 77,578 77,578 Intangible assets 102,789 102,789 Other long-term assets 69,024 66,602 Long-term debt    (1,019,436)    (1,019,436) Other long-term liabilities (51,636) (60,408) Total net identifiable assets $ 88,139 $ 83,158 Goodwill $    134,444 $ 139,425 1 During the three months ended March 31, 2023, the Company sold certain EI assets which resulted in the adjustment of fair value. The adjusted purchase price allocation resulted in decreases to EI assets of $13 million and net working capital, less than $1 million, and increases to deferred tax assets of $4 million and goodwill of $10 million. During the three months ended September 30, 2023, the Company finalized its assessment of deferred and current taxes, which led to further purchase price allocation adjustments resulting in decreases to deferred taxes of $7 million and current taxes of $10 million, and an increase to accrued liabilities of $2 million. The impact of these adjustments was a $15 million decrease to goodwill. The net impact of these adjustments was a decrease of $5 million to goodwill, and resulted in final goodwill for the Transaction of $134 million. During the year ended December 31, 2023, the Company incurred $61 million (December 31, 2022 – $71 million) of further restructuring, transaction, and integration costs directly related to the Transaction. These costs are included in cost of goods sold (“COGS”) and SG&A in the consolidated statements of loss.

Cash and Cash Equivalents

Cash and Cash Equivalents	12 Months Ended
	Dec. 31, 2023
Cash and cash equivalents [abstract]
Disclosure in entirety of cash and cash equivalents	NOTE 7. CASH AND CASH EQUIVALENTS Cash and cash equivalents consisted of the following:  December 31, 2023 2022 Cash $ 122,271 $ 253,776 Money market fund 3,818 - Cash and cash equivalents $      126,089 $      253,776

Accounts Receivable And Contrac

Accounts Receivable And Contract Assets	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Accounts Receivable And Contract Assets	NOTE 8. ACCOUNTS RECEIVABLE AND CONTRACT ASSETS Accounts receivable consisted of the following:  December 31, 2023 2022 1 Trade receivables $ 529,550 $ 457,850 Less: allowance for doubtful accounts (12,539) (7,652) Trade receivables, net $ 517,011 $ 450,198 Other receivables 8,843 5,643 Total accounts receivable $      525,854 $      455,841 1 re-presented Aging of trade receivables:  December 31, 2023 2022 Current to 90 days $ 440,459 $ 405,196 Over 90 days 89,091 52,654 $      529,550 $      457,850 Movement in allowance for doubtful accounts:  December 31, 2023 2022 Opening balance $ 7,652 $ 10,334 Impairment provision additions on receivables 1,858 628 Amounts settled and derecognized during the period 2,582 (3,499) Currency translation effects 447 189 Closing balance $       12,539 $        7,652 Movement in contract assets:  December 31, 2023 2022 Opening balance $ 409,438 $ 82,760 Acquisition (Note 6) —  281,509 Unbilled revenue recognized    1,364,706      559,229 Amounts billed (1,354,908) (517,828) Currency translation effects (9,853) 3,768 Closing balance $ 409,383 $ 409,438 Current contract assets $ 230,455 $ 186,259 Non-current 178,928 223,179 $ 409,383 $ 409,438 Amounts recognized as current contract assets are typically billed to customers within three months and amounts recognized as non-current

Inventories

Inventories	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Inventories	NOTE 9. INVENTORIES Inventories consisted of the following:  December 31, 2023 2022 Direct materials $ 92,132 $ 107,575 Repair and distribution parts      152,282      136,876 Work-in-progress 119,254 98,297 Equipment 25,730 26,550 Total inventories $ 389,398 $ 369,298  December 31, 2023 2022 Work-in-progress $ - $ 41,986 The amount of inventory and overhead costs recognized as expense and included in COGS during the year ended December 31, 2023 was $2,545 million (December 31, 2022 – $1,455 million). COGS is made up of direct materials, direct labour, depreciation on manufacturing assets, post-manufacturing expenses, and overhead. COGS also includes inventory write-downs pertaining to obsolescence and aging, and recoveries of past write-downs upon disposition. The net change in inventory reserves charged to the consolidated statements of loss and included in COGS for the year ended December 31, 2023 was $1 million (December 31, 2022 – $2 million). The costs related to the construction of EI assets determined to be finance leases are accounted for as work-in-progress

Assets and Liabilities Classifi

Assets and Liabilities Classified as Held for Sale	12 Months Ended
	Dec. 31, 2023
Assets and Liabilities Classified as Held for Sale [Abstract]
Disclosure in entirety of assets and liabilities classified as held for sale	NOTE 10. ASSETS AND LIABILITIES CLASSIFIED AS HELD FOR SALE As part of the Company’s portfolio optimization strategy, Management committed to a plan to sell certain assets within the EH segment. Accordingly, these assets and associated liabilities are presented as held for sale. In the fourth quarter of 2023, the Company entered into a sales agreement for these assets and the sale closed subsequent to December 31 As of December 31, 2023, assets and liabilities held for sale are comprised of cash and cash equivalents, lease ROU assets, the related lease liabilities, and accounts payables and accrued liabilities. December 31, 2023  Assets classified as held for sale: Cash and cash equivalents $    3,319 Lease ROU assets 5,906  Total assets classified as held for sale $ 9,225  Liabilities associated with assets classified as held for sale: Accounts payable and accrued liabilities $ 110 Lease liabilities 6,209 Total liabilities associated with assets classified as held for sale $ 6,319 The Company measured its non-current

Property, Plant And Equipment A

Property, Plant And Equipment And Energy Infrastructure Assets	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Property, Plant And Equipment And Energy Infrastructure Assets	NOTE 11. PROPERTY, PLANT AND EQUIPMENT AND ENERGY INFRASTRUCTURE ASSETS A reconciliation of the changes in the carrying amount of PP&E and EI assets were as follows: Land Building Equipment Assets under Total Energy Cost December 31, 2022 $ 23,559 $  151,400 $  90,698 $ 4,585 $ 270,242 $ 1,529,166 Additions - 376 2,402 19,040 21,818 121,160 Reclassification 120 2,985 13,340 (17,519) (1,074) - Disposals (612) (7,979) (17,128) - (25,719) (96,788) Reclassified to assets held for sale (Note 10) - (5,880) (2,331) - (8,211) - Currency translation effects (421) (3,990) (4,787) 2,758 (6,440) (42,815) December 31, 2023 $ 22,646 $ 136,912 $ 82,194 $ 8,864 $ 250,616 $ 1,510,723 Accumulated depreciation December 31, 2022 $ - $ (58,666) $ (59,071) $ - $  (117,737) $ (291,616) Depreciation charge - (9,901) (16,965) - (26,866) (171,932) Impairment - - - - - (1,726) Disposals - 4,774 11,285 - 16,059 73,393 Reclassified to assets held for sale (Note 10) - 5,880 2,331 - 8,211 - Currency translation effects - 2,176 4,013 - 6,189 24,826 December 31, 2023 $ - $ (55,737) $ (58,407) $ - $ (114,144) $ (367,055) Net book value – December 31, 2023 $     22,646 $     81,175 $     23,787 $      8,864 $    136,472 $  1,143,668 Land Building Equipment Assets under Total Energy 1 Cost December 31, 2021 $ 18,411 $ 114,021 $ 64,492 $ 3,068 $ 199,992 $ 839,734 Acquisition (Note 6) 4,237 31,864 22,952 1,342 60,395 568,550 Additions - 6 2,001 6,036 8,043 107,797 Reclassification - 885 4,022 (5,314) (407) - Disposals (6) (1,100) (1,925) - (3,031) (23,233) Currency translation effects 917 5,724 (844) (547) 5,250 36,318 December 31, 2022 $ 23,559 $  151,400 $ 90,698 $ 4,585 $ 270,242 $ 1,529,166 Accumulated depreciation December 31, 2021 $ - $ (50,087) $ (53,491) $ - $ (103,578) $ (229,406) Depreciation charge - (7,205) (8,352) - (15,557) (83,289) Impairment - - - - - (1,233) Disposals - 987 1,827 - 2,814 9,671 Currency translation effects - (2,361) 945 - (1,416) 12,641 December 31, 2022 $ - $ (58,666) $ (59,071) $ - $ (117,737) $ (291,616) Net book value – December 31, 2022 $  23,559 $ 92,734 $  31,627 $  4,585 $  152,505 $  1,237,550 1 re-presented Depreciation of PP&E and EI assets included in net loss for the year ended December 31, 2023, was $199 million (December 31, 2022 –$99 million), of which $183 million was included in COGS (December 31, 2022 – $95 million) and $16 million was included in SG&A (December 31, 2022 – $4 million).

Lease Right-Of-Use Assets

Lease Right-Of-Use Assets	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Lease Right-Of-Use Assets	NOTE 12. LEASE RIGHT-OF-USE A reconciliation of the changes in the carrying amount of lease ROU assets were as follows: Land and buildings Equipment Total lease right-of-use assets Cost December 31, 2022 $ 94,107 $ 25,058 $ 119,165 Additions 22,131 22,287 44,418 Disposal (15,444) (7,096) (22,540) Lease measurement adjustment (7,413) - (7,413) Reclassified to assets held for sale (Note 10) (6,971) - (6,971) Currency translation effects (1,344) (262) (1,606) December 31, 2023 $ 85,066 $ 39,987 $ 125,053 Accumulated depreciation December 31, 2022 $ (27,157) $ (13,636) $ (40,793) Depreciation charge (16,866) (6,217) (23,083) Disposal 10,428 6,583 17,011 Lease measurement adjustment 1,900 - 1,900 Reclassified to assets held for sale (Note 10) 1,065 - 1,065 Currency translation effects 959 101 1,060 December 31, 2023 $ (29,671) $ (13,169) $ (42,840) Net book value – December 31, 2023 $   55,395 $   26,818 $   82,213 Land and buildings Equipment Total lease right-of-use assets Cost December 31, 2021 $ 58,380 $ 24,359 $ 82,739 Acquisition (Note 6) 31,192 1,240 32,432 Additions 7,173 4,029 11,202 Disposal (3,935) (6,129) (10,064) Currency translation effects 1,297 1,559 2,856 December 31, 2022 $ 94,107 $ 25,058 $ 119,165 Accumulated depreciation December 31, 2021 $ (20,198) $ (12,654) $ (32,852) Depreciation charge (9,994) (5,824) (15,818) Disposal 3,543 5,731 9,274 Currency translation effects (508) (889) (1,397) December 31, 2022 $ (27,157) $ (13,636) $ (40,793) Net book value – December 31, 2022 $ 66,950 $ 11,422 $ 78,372 Depreciation of lease ROU assets included in net loss for the year ended December 31, 2023 was $23 million (December 31, 2022 – $16 million), of which $16 million was included in COGS (December 31, 2022 – $13 million) and $7 million was included in SG&A (December 31, 2022 – $3 million).

Finance Leases Receivable

Finance Leases Receivable	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Disclosure Of Finance Lease Receivable Explanatory	NOTE 13. FINANCE LEASES RECEIVABLE The Company has entered into finance lease arrangements for certain of its EI assets, with initial terms of 10 years. The value of the finance leases receivable were c o Minimum lease payments and Present value of minimum lease payments  December 31, 2023 2022      2023      2022 Less than one year $ 60,832 $ 73,614 $ 56,982 $ 60,020 Between one and five years 170,174 196,314 140,307 149,052 Later than five years 119,354 144,482 72,250 85,432 $ 350,360 $ 414,410 $ 269,539 $ 294,504 Less: Unearned finance income (80,821) (119,906) - - $    269,539 $    294,504 $    269,539 $    294,504 December 31,      2023      2022 Opening balance $ 294,504 $ 103,358 Acquisition (Note 6) - 110,097 Additions 64,112 86,602 Interest income 30,203 14,801 Billings and payments (79,619) (33,740) Derecognition (33,353) - Other (2,254) - Currency translation effects (4,054) 13,386 Closing balance $ 269,539 $ 294,504 The Company recognized non-cash The average interest rates implicit in the leases are fixed at the contract date for the entire lease term. At December 31, 2023, the average interest rate was 8.6 percent per annum (December 31, 2022 – 9.4 percent). The finance leases receivable at the end of reporting period are neither past due nor impaired. During the year ended December 31, 2023, the Company disposed of certain assets that were accounted for as finance leases, resulting in the derecognition of the associated finance lease receivable of $33 million.

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Intangible Assets	NOTE 14. INTANGIBLE ASSETS A reconciliation of the changes in the carrying amount of intangible assets were as follows: Customer and other Software Total intangible Cost December 31, 2022 $    151,310 $    74,303 $    225,613 Additions - 6,481 6,481 Reclassification - 1,074 1,074 Disposal - (1,632) (1,632) Currency translation effects (3,784) (3,973) (7,757) December 31, 2023 $ 147,526 $ 76,253 $ 223,779 Accumulated amortization December 31, 2022 $ (73,427) $ (49,413) $ (122,840) Amortization charge (18,233) (12,940) (31,173) Disposal - 1,632 1,632 Currency translation effects 2,313 (466) 1,847 December 31, 2023 $ (89,347) $ (61,187) $ (150,534) Net book value – December 31, 2023 $ 58,179 $ 15,066 $ 73,245 Customer and other Software Total intangible Cost December 31, 2021 $ 69,594 $ 49,069 $ 118,663 Acquisition (Note 6) 80,514 22,275 102,789 Disposal - (11) (11) Reclassification - 407 407 Currency translation effects 1,202 2,563 3,765 December 31, 2022 $    151,310 $ 74,303 $ 225,613 Accumulated amortization December 31, 2021 $ (63,817) $ (44,728) $ (108,545) Amortization charge (7,239) (2,198) (9,437) Disposal - 11 11 Currency translation effects (2,371) (2,498) (4,869) December 31, 2022 $ (73,427) $ (49,413) $ (122,840) Net book value – December 31, 2022 $ 77,883 $    24,890 $    102,773

Goodwill and Impairment Review

Goodwill and Impairment Review of Goodwill	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Goodwill and Impairment Review of Goodwill	NOTE 15. GOODWILL AND IMPAIRMENT REVIEW OF GOODWILL December 31, 2023 2022 1 Opening balance $ 674,396 $ 566,270 Acquisition (Note 6) - 134,444 Impairment (87,168) (48,000) Currency translation effects (15,418) 21,682 Closing balance $    571,810 $    674,396 1 re-presented Goodwill acquired through historical business combinations has been allocated to groups of CGUs, which are the Company’s operating segments that represent the lowest level at which goodwill is monitored for internal management purposes. The Company’s CGUs are Canada, USA, LATAM, and EH. At December 31, 2023, the Company performed its annual goodwill assessment by comparing the carrying value and recoverable amounts for each operating segment in accordance with IAS 36.10(b) which resulted in an $87 million impairment in LATAM. In assessing whether goodwill has been impaired, the carrying amount of each operating segment (including goodwill) is compared with its recoverable amount. The recoverable amount is the higher of the fair value less costs to sell and value-in-use two Key Assumptions Used in Value-In-Use The Company completed its annual assessment for goodwill impairment and determined that goodwill associated with LATAM of $87 million was not recoverable at December 31, 2023, and an impairment charge for this amount has been recorded in the consolidated statements of loss. The cash flows used in the impairment calculation were discounted using a 17.0 percent (December 31, 2022 – 15.5 percent) post-tax The recoverable amount for the Canada, USA, and EH operating segments exceeded the carrying amounts. Discount rates used for the goodwill impairment calculation at December 31, 2023 for Canada, USA, and EH ranged from 9.5 percent to 13.5 percent (December 31, 2022 – 10.7 percent to 15.3 percent) post-tax The estimation of VIU involves significant judgment in the determination of inputs to the discounted cash flow model and is most sensitive to changes in cash flow projections, revenue growth rate, operating margins, terminal growth and discount rates. These key assumptions were tested for sensitivity by applying a reasonable possible change to those assumptions. Future earnings before finance costs and taxes (“EBIT”) were changed by ten percent while the discount rate was changed by one percent. The USA and Canada operating segments have sufficient room as their recoverable amounts are significantly higher than their carrying values, and therefore, the sensitivities will not indicate an impairment. LATAM has no further goodwill to apply these sensitivities to. The impact of these sensitivities on the Company’s remaining three operating segments are as follows: ● EBIT: Management has made estimates relating to the amount and timing of revenue recognition for projects included in backlog, and the assessment of the likelihood of maintaining and growing market share. A ten percent change in EBIT in the Company’s remaining three segments would not trigger an impairment. ● Discount Rate: Management determines a discount rate for each segment based on the estimated weighted average cost of capital (“WACC”) of the Company, using the five-year average of the Company’s peer group debt to total enterprise value, adjusted for a number of risk factors specific to each operating segment. This discount rate has been calculated using an estimated risk-free rate of return adjusted for the Company’s estimated equity market risk premium, the Company’s cost of debt, and the tax rate in the local jurisdiction. For each one percent change in the discount rate, the impact on the VIU would be $160 million for the EH segment. A one percent increase in WACC would trigger an impairment in the EH segment. A one percent change in the discount rate in the Company’s other two segments would not trigger an impairment. Management will continue to assess the long-term projected cash flows, as certain factors may cause a material variance from previously used cash flow projections. Management notes that there is potential for future impairments as interest rates continue to fluctuate, and as the Company gets more visibility regarding future cash flows.

Other Assets

Other Assets	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Other Assets	NOTE 16. OTHER ASSETS December 31, 2023 2022 Investment in associates and joint ventures $    37,544 $    34,977 Prepaid deposits 13,932 13,972 Long-term receivables 1 400 34,127 Total other assets $ 51,876 $ 83,076 1

Accounts Payable and Accrued Li

Accounts Payable and Accrued Liabilities	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Accounts Payable and Accrued Liabilities	NOTE 17. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES December 31, 2023 2022 1 Accounts payable and accrued liabilities $    550,639 $    611,516 Accrued dividend payable 3,098 3,093 Cash-settled share-based payments 7,383 13,477 Total accounts payable and accrued liabilities $ 561,120 $ 628,086 1 re-presented

Provisions

Provisions	12 Months Ended
	Dec. 31, 2023
Classes of other provisions [abstract]
Provisions	NOTE 18. PROVISIONS December 31, 2023 2022 Warranty provisions $ 14,151 $ 13,411 Restructuring provisions 9,646 2,009 Legal provisions 2,179 3,406 Total provisions $    25,976 $    18,826 2023 Warranty Provisions Restructuring Provisions Legal Provisions Total Opening balance $ 13,411 $ 2,009 $ 3,406 $ 18,826 Acquisition (Note 6) - - - - Additions during the year 8,609 7,936 - 16,545 Amounts settled and released in the year (7,595 ) (299 ) (1,225 ) (9,119 ) Currency translation effects (274 ) - (2 ) (276 ) Closing balance $    14,151 $ 9,646 $ 2,179 $ 25,976 2022 Warranty Provisions Restructuring Provisions Legal Provisions Total Opening balance $ 6,636 $ - $ - $ 6,636 Acquisition (Note 6) 5,888 - 2,691 8,579 Additions during the year 4,395 2,009 717 7,121 Amounts settled and released in the year (3,669 ) - - (3,669 ) Currency translation effects 161 - (2 ) 159 Closing balance $    13,411 $    2,009 $    3,406 $    18,826

Deferred Revenues

Deferred Revenues	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Deferred Revenues	NOTE 19. DEFERRED REVENUE December 31, 2023 2022 Opening balance $ 399,520 $ 84,614 Acquisition (Note 6) - 135,409 Cash received in advance of revenue recognition 892,622 526,924 Revenue subsequently recognized (857,797) (354,531) Currency translation effects (12,489) 7,104 Closing balance $ 421,856 $ 399,520 Current deferred revenue $ 392,371 $ 366,085 Non-current 29,485 33,435 Deferred revenue $    421,856 $    399,520 Amounts recognized as current deferred revenue are typically recognized into revenue within six months and amounts recognized as non-current

Long-Term Debt

Long-Term Debt	12 Months Ended
	Dec. 31, 2023
Borrowings [abstract]
Long-Term Debt	NOTE 20. LONG-TERM DEBT The three-year secured term loan (“Term Loan”) and the three-year secured revolving credit facility (“Revolving Credit Facility”) have a maturity date of October 13, 2025 (the “Maturity Date”). In addition, the Revolving Credit Facility may be increased by US$150 million at the request of the Company, subject to the lenders’ consent. The Maturity Date of the Revolving Credit Facility may be extended annually on or before the anniversary date with the consent of the lenders. The senior secured notes (the “Notes”) consist of US$625 million principal amount, bears interest of 9.0 percent, and has a maturity of October 15, 2027. The Company has a $93 million (US$70 million) unsecured credit facility “LC Facility” with one of the lenders in its Revolving Credit Facility. This LC Facility allows the Company to request the issuance of letters of guarantee, standby letters of credit, performance bonds, counter guarantees, import documentary credits, counter standby letters of credit or similar credits to finance the day-to-day 93 70 The Company is required to maintain certain covenants on the Revolving Credit Facility, Term Loan and the Notes. As at December 31, 2023, the Company was in compliance with its covenants. The composition of the borrowings on the Revolving Credit Facility, Term Loan, and the Notes were as follows: Maturity Date  December 31, 2023 December 31, 2022 Drawings on the Revolving Credit Facility (US$700,000) October 13, 2025  $ 314,705 $ 459,202 Drawings on the Term Loan (US$130,000) October 13, 2025  171,938 203,160 Notes (US$625,000) October 15, 2027  826,625 846,500 1,313,268 1,508,862 Deferred transaction costs and Notes discount (98,350) (118,537) Long-term debt $ 1,214,918 $ 1,390,325 Current portion of long-term debt $ 52,904 $ 27,088 Non-current 1,162,014 1,363,237 Long-term debt $     1,214,918 $     1,390,325 The weighted average interest rate on the Revolving Credit Facility for the year ended December 31, 2023 was 7.7 percent (December 31, 2022 – 7.0 percent), and the weighted average interest rate on the Term Loan for the year ended December 31, 2023 was 9.0 percent (December 31, 2022 – 7.8 percent). At December 31, 2023 without considering renewal at similar terms, the Canadian dollar equivalent principal payments due over the next five years are $1,313 million, and nil thereafter.

Lease Liabilities

Lease Liabilities	12 Months Ended
	Dec. 31, 2023
Disclosure Of Leases [Abstract]
Lease Liabilities	NOTE 21. LEASE LIABILITIES December 31, 2023 2022 Opening balance $ 93,033 $ 57,014 Acquisition (Note 6) - 39,845 Additions 44,583 9,977 Lease interest 6,789 3,398 Payments made against lease liabilities (27,211) (19,156) Transfer to liabilities associated with assets held for sale (Note 10) (6,209) - Lease measurement adjustment (6,781) - Currency translation effects and other (3,492) 1,955 Closing balance $ 100,712 $ 93,033 Current portion of lease liabilities $ 25,453 $ 20,125 Non-current 75,259 72,908 Lease liabilities $    100,712 $    93,033 In addition to the lease payments made above, during the year ended December 31, 2023, the Company paid less than $1 million (December 31, 2022 – $1 million) relating to short-term and low-value Future minimum lease payments under non-cancellable December 31, 2023  2024 $ 29,346 2025 26,384 2026 19,475 2027 15,348 2028 24,537 Thereafter 7,569 $ 122,659 Less: Imputed interest 21,886 Short-term leases 59 Low-value 2 Lease liabilities $     100,712

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Taxes [Abstract]
Income Taxes	NOTE 22. INCOME TAXES (a) Income Tax Recognized in Net Earnings The components of income taxes were as follows: Years ended December 31, 2023 2022 Current income taxes $ 53,259 $ 17,945 Deferred income taxes (10,863) 3,265 Income taxes $    42,396 $    21,210 (b) Reconciliation of Income Taxes The provision for income taxes differs from that which would be expected by applying Canadian statutory rates. A reconciliation of the difference is as follows: Years ended December 31, 2023 2022 Loss before income taxes $ (68,528) $ (79,733) Canadian statutory rate 23.5% 23.4% Expected income tax provision $ (16,104) $ (18,658) Add (deduct): Change in unrecognized deferred tax asset 21,128 27,664 Exchange rate effects on tax basis 23,493 (2,223) Impairment of goodwill 20,484 11,232 Earnings taxed in foreign jurisdictions 2,063 543 Amounts not deductible (taxable) for tax purposes (8,869) 4,373 Impact of accounting for associates and joint ventures (579) (1,104) Other 780 (617) Income taxes $    42,396 $    21,210 The applicable statutory tax rate is the aggregate of the Canadian federal income tax rate of 15.0 percent (2022 – 15.0 percent) and the Alberta provincial income tax rate of 8.5 percent (2022 – 8.4 percent). The Company’s effective tax rate is subject to fluctuations in the Argentine peso and Mexican peso exchange rate against the U.S. dollar. Since the Company holds significant EI assets in Argentina and Mexico, the tax base of these assets are denominated in Argentine peso and Mexican peso, respectively. The functional currency is the U.S. dollar and as a result, the related local currency tax bases are revalued periodically to reflect the closing U.S. dollar rate against the local currency. Any movement in the exchange rate results in a corresponding unrealized exchange rate gain or loss being recorded as part of deferred income tax expense or recovery. During periods of large fluctuation or devaluation of the local currency against the U.S. dollar, these amounts may be significant but are unrealized and may reverse in the future. Recognition of these amounts is required by IFRS, even though the revalued tax basis does not generate any cash tax obligation or liability in the future. (c) Income Tax Recognized in Other Comprehensive Income Years ended December 31, 2023 2022 Deferred Tax Arising on income and expenses recognized in other comprehensive income: Fair value remeasurement of hedging instruments entered into for cash flow hedges $ 118 $ (55) Arising on income and expenses reclassified from other comprehensive income to net earnings: Relating to cash flow hedges (11) 59 Total income tax recognized in other comprehensive income $    107 $     4 (d) Net Deferred Tax Assets (Liabilities) Deferred tax assets and liabilities arise from the following: Accounting Tax losses Long-term Exchange rate Cash flow Total 1 December 31, 2022 $ 4,356 $ 56,497 $ (111,777) $ (15,769) $ - $ (66,693) Charged to net earnings 30,159 (19,678)    22,226    (21,737)    (107)    10,863 Charged to OCI - - - - 107 107 Exchange differences 1,474 237 (3,419) (1,551) - (3,259) December 31, 2023 $    35,989 $    37,056 $ (92,970) $ (39,057) $ - $ (58,982) 1 Accounting Tax Long-term Other Exchange Cash flow Total 1,2 December 31, 2021 $ 7,022 $ 6,519 $ (86,255) $ 511 $ (10,476) $ - $ (82,679) Acquisition (Note 6) 2 4,750 49,513 (24,033) - (6,538) - 23,692 Charged to net earnings (7,467) 1,325 1,022 - 1,859  (4) (3,265) Charged to OCI - - - - - 4 4 Exchange differences 51 (860) (2,511)  (511) (614) - (4,445) December 31, 2022 $  4,356 $  56,497 $  (111,777) $ - $  (15,769) $ - $  (66,693) 1 2 re-presented (e) Unrecognized Deferred Tax Assets As at December 31, 2023, the Company did not recognize deductible temporary differences of $1,210 million (December 31, 2022 – $1,179 million) and unused Canadian tax credits of $1 million (December 31, 2022 – $1 million) for which it is unlikely that sufficient future taxable income will be available to offset against. An additional $78 million (December 31, 2022 – $75 million) of U.S. tax credits were acquired but utilization is restricted and therefore the benefit is not recognized. The deductible temporary differences consist of: Years ended December 31, 2023 2022 1 Canadian: Tax losses $ 336,414 $ 215,703 Long-term assets 667 23,896 Accounting provisions and other accruals 20,092 29,143 Foreign 2 Tax losses 910,300 975,297 Long-term assets (53,940) (53,830) Accounting provisions and other accruals (3,718) (11,145) Total unrecognized deferred tax assets $   1,209,815 $   1,179,064 1 2 The Company’s unused tax losses and tax credits are subject to expiration in the years 2024 through 2042 with some having an indefinite life.

Share Capital Authorized

Share Capital Authorized	12 Months Ended
	Dec. 31, 2023
Disclosure of Share capital Authorized [Abstract]
Share Capital Authorized	NOTE 23. SHARE CAPITAL AUTHORIZED The Company is authorized to issue an unlimited number of common shares. Share capital comprises only one class of ordinary shares. The ordinary shares carry a voting right and a right to a dividend. Issued and Outstanding 2023 2022 December 31, Number of Common Number of Common Opening balance 123,739,020 $ 589,827 89,678,845 $ 375,524 Issued on Acquisition (Note 6) - - 34,013,055 213,942 Exercise of stock options 217,845 1,771 47,120 361 Closing balance   123,956,865 $   591,598   123,739,020 $   589,827 As a result of the Transaction on October 13, 2022, Enerflex acquired all issued and outstanding Exterran common stock in exchange for 1.021 Enerflex common shares. Enerflex issued 34,013,055 Enerflex common shares with a fair value of $214 million, based on the October 12, 2022 closing share price of $6.29. Total dividends declared in the year were $12 million, or $0.10 per share (December 31, 2022 – $10 million, or $0.10 per share).

Contributed Surplus

Contributed Surplus	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Contributed Surplus	NOTE 24. CONTRIBUTED SURPLUS Contributed surplus consists of accumulated stock option expense less the fair value of the options at the grant date that have been exercised and reclassified to share capital. Changes in contributed surplus were as follows: December 31, 2023 2022 Opening balance $ 660,072 $ 658,615 Share-based compensation 450 1,558 Exercise of stock options (492) (101) Closing balance $   660,030 $   660,072

Revenue

Revenue	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
REVENUE	NOTE 25. REVENUE Years ended December 31, 2023 2022 Energy Infrastructure 1 $ 777,702 $ 381,087 After-Market Services 652,198 443,660 Engineered Systems 1,732,195 953,051 Total revenue $   3,162,095 $   1,777,798 1 Revenue by geographic location, which is attributed by destination of sale, was as follows: Years ended December 31, 2023 2022 United States of America $ 1,347,408 $ 890,899 Canada 350,490 261,865 Nigeria 232,481 18,420 Oman 221,538 119,906 Argentina 220,608 80,524 Iraq 193,789 25,917 Bahrain 127,009 85,540 Brazil 102,164 45,367 Australia 85,515 65,618 Mexico 84,400 64,325 Thailand 40,037 11,523 Colombia 28,977 21,278 Other 127,679 86,616 Total revenue $   3,162,095 $   1,777,798 The following table outlines the Company’s unsatisfied performance obligations, by product line, as at December 31, 2023: Less than one year One to two years Greater than two years Total Energy Infrastructure $ 537,622 $ 474,220 $ 1,236,395 $ 2,248,237 After-Market Services 90,047 50,023 138,850 278,920 Engineered Systems 1,277,348 201,384 20,312 1,499,044 $   1,905,017 $   725,627 $   1,395,557 $   4,026,201

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2023
Disclosure of terms and conditions of share-based payment arrangement [abstract]
Share-Based Compensation	NOTE 26. SHARE-BASED COMPENSATION (a) Share-Based Compensation Expense The share-based compensation expense included in the determination of net earnings was: Years ended December 31, 2023 2022 Equity-settled share-based payments $ 450 $ 1,558 Deferred share units (1,713) 3,622 Phantom share entitlement plan (187) 117 Performance share units (442) 4,172 Restricted share units 6,764 4,454 Cash performance target    2,780    2,239 Share-based compensation expense $ 7,652 $ 16,162 (b) Equity-Settled Share-Based Payments 2023 2022 Years ended December 31, Number of options Weighted Number of Weighted Options outstanding, beginning of period 3,089,229 $ 10.77 4,456,444 $ 11.66 Exercised 1 (217,845) 5.87 (47,120) 5.51 Forfeited (318,840) 9.54 (27,286) 13.51 Expired (254,569) 13.32 (1,292,809) 13.98 Options outstanding, end of period 2,297,975 $ 11.12 3,089,229 $ 10.77 Options exercisable, end of period 1,589,639 $    12.52 1,671,421 $    12.48 1 The Company did not grant stock options for the years ended December 31, 2023 and 2022. The following table summarizes options outstanding and exercisable at December 31, 2023: Options Outstanding Options Exercisable Range of exercise prices 1 Number Weighted Weighted Number Weighted Weighted $5.51 – $6.68 517,559 3.62 $ 5.51 250,394 3.62 $ 5.51 $6.69 – $14.75 1,142,861 3.54 10.95 701,690 3.21 11.89 $14.76 – $16.12 637,555 1.21 15.97 637,555 1.21 15.97 Total  2,297,975    2.91 $   11.12  1,589,639    2.47 $   12.52 1 (c) Deferred Share Units The Company offers a DSU plan for executives and non-employee non-employee Additional Enerflex DSUs will be credited on the regular dividend payment dates as all dividends are assumed to be reinvested. DSUs may be granted to eligible participants on an annual basis and will vest upon being credited to the executive or non-employee DSUs represent an indexed liability of the Company relative to the Company’s share price. For the year ended December 31, 2023, the value of directors’ compensation and executive bonuses elected to be received in DSUs totalled $2 million (December 31, 2022 – $2 million). The Company paid $3 million for the year ended December 31, 2023 representing units vested in the year (December 31, 2022 – less that $1 million). Number of DSUs Weighted average grant DSUs outstanding, January 1, 2022 1,625,513 $ 10.16 Granted 314,208 7.44 In lieu of dividends 20,817 7.65 Vested (400,428) 6.75 DSUs outstanding, December 31, 2023     1,560,110 $         10.45 The carrying amount of the liability relating to DSUs as at December 31, 2023 included in current liabilities was $2 million (December 31, 2022 – $3 million) and in other long-term liabilities was $8 million (December 31, 2022 – $11 million). (d) Phantom Share Entitlement Plan The Company utilizes a PSE plan for key employees of affiliates located in Australia and the UAE, for whom the Company’s Stock Option Plan would have negative personal taxation consequences. The exercise price of each PSE equals the average of the market price of the Company’s shares on the TSX for the five days preceding the date of the grant. The PSEs vest at a rate of one-fifth There were no PSEs granted to employees during the years ended December 31, 2023 and 2022. Number of PSEs Weighted average grant PSEs outstanding, December 31, 2022 200,251 $ 12.21 Exercised (13,941) 5.51 Expired (27,397) 13.27 PSEs outstanding, December 31, 2023     158,913 $         12.61 The carrying amount of the liability relating to the PSEs as at December 31, 2023 included in current liabilities was less than $1 million (December 31, 2022 – less than $1 million) and in other long-term liabilities was less than $1 million (December 31, 2022 – less than $1 million). (e) Performance Share Units The Company offers a PSU plan for executive officers of the Company. A PSU is a notional unit that entitles the holder to receive payment, as described below, from the Company equal to the number of vested PSUs multiplied by the weighted average price per share on the TSX and NYSE during the last five trading days immediately preceding the grant. Vesting is based on the achievement of performance measures and objectives specified by the Board of Directors. The Board of Directors assess performance to determine the vesting percentage, which can range from zero percent to 200 percent. Within 14 days after the determination of the vesting percentage, the holder will be paid for the vested PSUs either in cash or in shares of the Company acquired on the open market on behalf of the holder, at the discretion of the Company. Additional Enerflex PSUs will be credited on the regular dividend payment dates as all dividends are assumed to be reinvested. The Company paid $2 million for the year ended December 31, 2023 representing units vested in the year (December 31, 2022 – $2 million). Number of TSX Canadian Number of NYSE PSUs outstanding, December 31, 2022 1,641,746 $    8.51 - $    - Granted 341,072 8.40 271,566 6.24 In lieu of dividends 19,150 7.81 1,163 4.30 Vested (227,074) 9.25 - - Forfeited (563,999) 6.21 - - PSUs outstanding, December 31, 2023 1,210,895 $ 9.40 272,729 $ 6.23 The carrying amount of the liability relating to PSUs as at December 31, 2023 included in current liabilities was $2 million (December 31, 2022 – $4 million) and in other long-term liabilities was $2 million (December 31, 2022 – $3 million). (f) Restricted Share Units The Company offers a RSU plan to executive officers and other key employees of the Company or its related entities. RSUs may be granted at the discretion of the Board. An RSU is a notional unit that entitles the holder to receive payment, as described below, from the Company equal to the number of vested RSUs multiplied by the weighted average price per share on the TSX and NYSE during the last five trading days immediately preceding the vesting date. Unless otherwise determined by the Board, RSUs vest at a rate of one-third Additional Enerflex RSUs will be credited on the regular dividend payment dates as all dividends are assumed to be reinvested. In 2023, the Board granted 1,869,012 RSUs to executive officers and other key employees of the Company (2022 – 995,336). In connection with the Transaction, Enerflex replaced the Exterran cash-settled share-based with 572,260 units RSU’s to executive officers and other key employees. The Company paid $9 million for units vested during the year ended December 31, 2023 (December 31, 2022 – $2 million). Number of TSX Canadian Number of NYSE RSUs outstanding, December 31, 2022 2,001,833 $ 6.90 - $ - Granted 1,069,821 8.53 799,191 6.27 In lieu of dividends 24,121 7.71 3,596 4.46 Vested (933,104) 8.87 (16,388) 6.83 Forfeited (389,079) 7.17 (57,808) 6.36 RSUs outstanding, December 31, 2023 1,773,592 $ 6.79 728,591 $ 6.24 The carrying amount of the liability included in current liabilities relating to RSUs at December 31, 2023 was $3 million (December 31, 2022 – $4 million) and in other long-term liabilities was less than $1 million (December 31, 2022 – $1 million). (g) Cash Performance Target Plan The Company offers a CPT plan to certain non-executive, one-third During 2023, the Board of Directors did not grant CPT (2022 – $3 million). The Company paid $4 million for the year ended December 31, 2023, representing units vested in the year (December 31, 2022 – $2 million). The weighted average grant fair value per unit for December 31, 2023 was nil (December 31, 2022 – $6.29), using the average share price over the five days preceding the grant date. The carrying amount of the liability included in current liabilities relating to CPT plan at December 31, 2023 was $1 million (December 31, 2022 – $1 million). (h) Employee Share Purchase Plan The Company offers an employee share purchase plan whereby employees who meet the eligibility criteria can purchase shares by way of payroll deductions. There is a Company match of up to $1,000 per employee per annum based on contributions by the Company of $1 for every $3 contributed by the employee. Company contributions vest to the employee immediately. Company contributions are charged to SG&A when paid. This plan is administered by a third party.

Retirement Benefits Plan

Retirement Benefits Plan	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
RETIREMENT BENEFITS PLAN	NOTE 27. RETIREMENT BENEFITS PLAN The Company sponsors arrangements for substantially all of its employees through defined contribution plans in Canada, UK, Asia, and Australia, and a 401(k) matched savings plan in the United States. In the case of the defined contribution plans, regular contributions are made to the employees’ individual accounts, which are administered by a plan trustee, in accordance with the plan document. Both in the case of the defined contribution plans and the 401(k) matched savings plan, the pension expenses recorded in earnings are the amounts of actual contributions the Company is required to make in accordance with the terms of the plans.  Years ended December 31, 2023 2022 Defined contribution plans $ 6,780 $ 5,169 401(k) matched savings plan 7,238 4,110 Net pension expense $ 14,018 $ 9,279

Finance Costs And Income

Finance Costs And Income	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
FINANCE COSTS AND INCOME	NOTE 28. FINANCE COSTS AND INCOME  Years ended December 31, 2023 2022 Finance Costs Short and long-term borrowings 1 $    152,005 $    46,009 Interest on lease liability 6,789 3,398 Total finance costs $ 158,794 $ 49,407 Finance Income Interest income $ 32,402 $ 10,484 Net finance costs $ 126,392 $ 38,923 1

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Earnings Per Share	NOTE 29. EARNINGS PER SHARE  Year ended December 31, 2023 Net loss Weighted average Per share Basic $     (110,924 123,834,242 $    (0.90) Dilutive effect of stock option conversion - - - Diluted $ (110,924) 123,834,242 $ (0.90)  Year ended December 31, 2022 Net loss Weighted average Per share Basic $    (100,943) 97,045,917 $    (1.04) Dilutive effect of stock option conversion - - - Diluted $ (100,943) 97,045,917 $ (1.04)

Financial Instruments

Financial Instruments	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about financial instruments [abstract]
Financial Instruments	NOTE 30. FINANCIAL INSTRUMENTS Designation and Valuation of Financial Instruments The Company has designated ifs financial instruments as follows:  December 31, 2023 Carrying  value Estimated fair value Financial Assets Cash and cash equivalents $   126,089 $    126,089 Short-term investments 14,425 14,425 Derivative instruments in designated hedge accounting relationships 594 594 Loans and receivables: Accounts receivable 525,854 525,854 Financial Liabilities Derivative instruments in designated hedge accounting relationships 1,019 1,019 Other financial liabilities: Accounts payable and accrued liabilities 561,120 561,120 Other current liabilities 7,936 7,936 Long-term debt – Revolving Credit Facility 314,705 314,705 Long-term debt – Term Loan 171,938 171,938 Long-term debt – Notes 826,625 823,198 Other long-term liabilities 18,070 18,070  December 31, 2022 Carrying  value Estimated fair value Financial Assets Cash and cash equivalents $    253,776 $    253,776 Derivative instruments in designated hedge accounting relationships 901 901 Loans and receivables: Accounts receivable 455,841 455,841 Preferred shares receivable 27,954 28,702 Financial Liabilities Derivative instruments in designated hedge accounting relationships 977 977 Other financial liabilities: Accounts payable and accrued liabilities 628,086 628,086 Long-term debt – Revolving Credit Facility 459,202 459,202 Long-term debt – Term Loan 203,160 203,160 Long-term debt – Notes 846,500 869,288 Other long-term liabilities 21,757 21,757 Designation and Valuation of Financial Instruments The following table presents information about the Company’s financial assets and financial liabilities measured at fair value on a recurring basis as at December 31, 2023 and indicates the fair value hierarchy of the valuation techniques used to determine such fair value. During the year ended December 31, 2023, there were no transfers between Level 1 and Level 2 fair value measurements. Fair values are determined using quoted market prices that are observable for the asset or liability, either directly or indirectly. Fair values determined using inputs including forward market rates and credit spreads that are readily observable and reliable, or for which unobservable inputs are determined not to be significant to the fair value, are categorized as Level 2. If there is no active market, fair value is established using valuation techniques, including discounted cash flow models. The inputs to these models are taken from observable market data where possible, including recent arm’s-length Carrying Fair Value Level 1 Level 2 Level 3 Financial Assets Short-term investments $    14,425 $    - $    14,425 $    - Derivative financial instruments 594 - 594 - Financial Liabilities Derivative financial instruments $ 1,019 $ - $ 1,019 $ - Long-term debt – Notes 826,625 - 823,198 - Cash and cash equivalents, short-term investments, accounts receivable, accounts payable and accrued liabilities, other current liabilities, and other liabilities are reported at amounts approximating their fair values on the consolidated statement of financial position. The fair values approximate the carrying values for these instruments due to their short-term nature. The fair value of derivative financial instruments is measured using the discounted value of the difference between the contract’s value at maturity based on the contracted foreign exchange rate and the contract’s value at maturity based on prevailing exchange rates. The Company’s credit risk is also taken into consideration in determining fair value. Long-term debt associated with the Company’s Notes is recorded at amortized cost using the effective interest rate method. Transaction costs associated with the debt were deducted from the debt and are being recognized using the effective interest rate method over the life of the related debt. The fair value of these Notes, determined on a discounted cash flow basis using a weighted average discount rate of 9.0 percent, was $823 million at December 31, 2023. Preferred Shares The Company previously held preferred shares that were initially recorded at fair value, subsequently measured at amortized cost and recognized as long-term receivables in Other assets. During the first quarter of 2023, the Company redeemed these preferred shares and recognized a gain in excess of the carrying value, which is included in the consolidated statements of loss. The carrying value and estimated fair value of the preferred shares at December 31, 2022 was $28 million and $29 million, respectively. Derivative Financial Instruments and Hedge Accounting Foreign exchange contracts are transacted with financial institutions to hedge foreign currency denominated obligations and cash receipts related to purchases of inventory and sales of products. The following table summarizes the Company’s commitments to buy and sell foreign currencies as at December 31, 2023: Notional amount Maturity Canadian Dollar Denominated Contracts Purchase contracts USD $      30,780 January 2024 –December 2024 Sales contracts USD (21,321) January 2024 –November 2024 Management estimates that a loss of less than $1 million would be realized if the contracts were terminated on December 31, 2023. Certain of these forward contracts are designated as cash flow hedges and accordingly, a loss of less than $1 million has been included in other comprehensive income for the year ended December 31, 2023 (December 31, 2022 – gain of less than $1 million). These losses are not expected to affect net earnings as the losses will be reclassified to net earnings and will offset losses recorded on the underlying hedged items, namely foreign currency denominated accounts payable and accounts receivable. The amount removed from other comprehensive income during the year and included in the carrying amount of the hedged items for the year ended December 31, 2023, was a gain of less than $1 million (December 31, 2022 – loss of less than $1 million). All hedging relationships are formally documented, including the risk management objective and strategy. On an on-going Risks Arising from Financial Instruments and Risk Management In the normal course of business, the Company is exposed to financial risks that may potentially impact its operating results in any or all of its business segments. The Company employs risk management strategies with a view to mitigating these risks on a cost-effective basis. Derivative financial agreements are used to manage exposure to fluctuations in exchange rates and interest rates. The Company does not enter into derivative financial agreements for speculative purposes. Foreign Currency Translation Exposure In the normal course of operations, the Company is exposed to movements in the U.S. dollar, the Australian dollar, and the Brazilian real. In addition, Enerflex has significant international exposure through export from its Canadian operations, as well as a number of foreign subsidiaries, the most significant of which are located in the United States, Argentina, Brazil, Colombia, Mexico, Bahrain, Oman, the UAE, and Australia. The types of foreign exchange risk and the Company’s related risk management strategies are as follows: Transaction Exposure The Canadian operations of the Company source the majority of its products and major components from the United States. Consequently, reported costs of inventory and the transaction prices charged to customers for equipment and parts are affected by the relative strength of the Canadian dollar. The Company also sells compression and processing packages in foreign currencies, primarily the U.S. dollar. Most of Enerflex’s international orders are manufactured in the United States if the contract is denominated in U.S. dollars. This minimizes the Company’s foreign currency exposure on these contracts. The Company identifies and hedges all significant transactional currency risks. The Company has implemented a hedging policy, applicable primarily to the Canadian domiciled business units, with the objective of securing the margins earned on awarded contracts denominated in currencies other than Canadian dollars. In addition, the Company may hedge input costs that are paid in a currency other than the home currency of the subsidiary executing the contract. Translation Exposure The Company’s earnings from and net investment in foreign subsidiaries are exposed to fluctuations in exchange rates. The Company is also exposed to the translation risk of monetary items in their local currency to their functional currency. The currencies with the most significant impact are the U.S. dollar (“USD”), Australian dollar (“AUD”), and Brazilian real (“BRL”). Enerflex uses foreign currency borrowings to hedge against the exposure that arises from foreign subsidiaries that are translated to the Canadian dollar through a net investment hedge. As a result, foreign exchange gains and losses on the translation of US$621 million in designated foreign currency borrowings are included in accumulated other comprehensive income (loss) for the year ended December 31, 2023. Assets and liabilities denominated in foreign currencies are translated into Canadian dollars using the exchange rates in effect at the reporting dates. Unrealized translation gains and losses are deferred and included in accumulated other comprehensive income. The cumulative currency translation adjustments are recognized in earnings when there has been a reduction in the net investment in the foreign operations. Earnings from foreign operations are translated into Canadian dollars each period at average exchange rates for the period. As a result, fluctuations in the value of the Canadian dollar relative to these other currencies will impact reported net earnings. The following table shows the effect of a five percent weakening of the Canadian dollar against the U.S. dollar, Australian dollar, and Brazilian real on net earnings before tax for the year ended December 31, 2023, all else being equal. A five percent strengthening of the Canadian dollar would have an equal and opposite effect. This sensitivity analysis is provided as an indicative range in a volatile currency environment.  Canadian dollar weakens by five percent USD AUD BRL Earnings from foreign operations Earnings before income taxes $    5,920 $     28 $    (1,726) Sensitivity Analysis The following sensitivity analysis is intended to illustrate the sensitivity to changes in foreign exchange rates on the Company’s financial instruments and show the impact on net earnings and other comprehensive income. Financial instruments affected by currency risk include cash and cash equivalents, accounts receivable, accounts payable, derivative financial instruments, and long-term debt. The following table shows the Company’s sensitivity to a five percent weakening of the Canadian dollar against the U.S. dollar, Australian dollar, and Brazilian real. A five percent strengthening of the Canadian dollar would have an equal and opposite effect. This sensitivity analysis relates to the position as at December 31, 2023 and for the year then ended.  Canadian dollar weakens by five percent USD AUD BRL Financial instruments held in foreign operations Other comprehensive income $    12,446 $    639 $    246 Financial instruments held in Canadian operations Earnings before income taxes $ (10,042) $ - $ - The movement in net earnings before tax in Canadian operations is a result of a change in the fair values of financial instruments. The majority of these financial instruments are hedged. With the ongoing devaluation of the Argentine peso (“ARS”), caused by high inflation, the Company is at risk for foreign exchange losses on its cash balances denominated in ARS. During the year ended December 31, 2023, the Company had foreign exchange losses in Argentina of $83 million. If the ARS weakens by five Interest Rate Risk The Company’s liabilities include long-term debt that is subject to fluctuations in interest rates. The Company’s Notes outstanding at December 31, 2023 has a fixed interest rate and therefore the related interest expense will not be impacted by fluctuations in interest rates. Conversely, the Company’s Revolving Credit Facility and Term Loan are subject to changes in market interest rates. For each one Credit Risk Financial instruments that potentially subject the Company to credit risk consist of cash equivalents, short-term investments, accounts receivable, net investment in finance lease, and derivative financial instruments. The Company manages its credit risk on cash and cash equivalents and short-term investments by investing in instruments issued by credit-worthy financial institutions and in short-term instruments issued by the federal government. The Company has accounts receivable from clients engaged in various industries. These specific industries may be affected by economic factors that may impact accounts receivable. Credit quality of the customer is assessed based on an extensive credit rating scorecard and individual credit limits are defined in accordance with this assessment. Credit is extended based on an evaluation of the customer’s financial condition and, generally, advance payment is not required. Outstanding customer receivables are regularly monitored and an allowance for doubtful accounts is established based on expected credit losses. The Company evaluates the concentration of risk at December 31, 2023 with respect to trade receivables as low, as its customers are located in several jurisdictions and industries and operate in largely independent markets. At December 31, 2023 and 2022, the Company had no individual customers that accounted for more than 10 percent of its revenue or accounts receivable. The maximum exposure to credit risk at the reporting date is the carrying value of each class of financial assets disclosed in this note. The Company does not hold collateral as security. The credit risk associated with the net investment in finance leases arises from the possibility that the counterparties may default on their obligations. In order to minimize this risk, the Company enters into finance lease transactions only in select circumstances. Close contact is maintained with the customer over the duration of the lease to ensure visibility to issues as and if they arise. The credit risk associated with derivative financial instruments arises from the possibility that the counterparties may default on their obligations. In order to minimize this risk, the Company enters into derivative transactions only with highly-rated financial institutions. Liquidity Risk Liquidity risk is the risk that the Company may encounter difficulties in meeting obligations associated with financial liabilities. In managing liquidity risk, the Company has access to a significant portion of its Revolving Credit Facility for future drawings to meet the Company’s requirements for investments in working capital and capital assets.   ($ thousands) December 31, 2023 Cash and cash equivalents $    126,089 Short-term investments 14,425 Total Revolving Credit Facility (US$700,000) 925,820 Less: Drawings on the Revolving Credit Facility 314,705 Letters of Credit 1 137,982 Available for future drawings $ 613,647 1 The Company continues to meet the covenant requirements of its funded debt, including the Revolving Credit Facility, Term Loan and Notes. Senior secured net funded debt, defined as borrowings under the Revolving Credit Facility and Term Loan, net of cash, to EBITDA ratio is 0.7:1 2.5:1 2.3:1 4.0:1 4.2:1 2.5:1 12-month A liquidity analysis of the Company’s financial instruments has been completed on a maturity basis. The following table outlines the cash flows, including interest associated with the maturity of the Company’s financial liabilities, as at December 31, 2023:   ($ thousands) Less than 3 3 months to Greater Total Derivative financial instruments Foreign currency forward contracts $     596 $     423 $     - $     1,019 Accounts payable and accrued liabilities 561,120 - - 561,120 Other current liabilities 7,936 - - 7,936 Long-term debt – Revolving Credit Facility - - 314,705 314,705 Long-term debt – Term Loan 13,226 39,678 119,034 171,938 Long-term debt – Notes - - 826,625 826,625 Other long-term liabilities - - 18,070 18,070 The Company expects that cash flows from operations in 2024, together with cash and cash equivalents on hand, short-term investments, the Revolving Credit Facility and the Term Loan, will be more than sufficient to fund its requirements for investments in working capital and capital assets.

Capital Disclosures

Capital Disclosures	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Capital disclosures	NOTE 31. CAPITAL DISCLOSURES The capital structure of the Com pan   2023 2022 Long-term debt $    1,214,918 $    1,390,325 Cash and cash equivalents (126,089) (253,776 ) Net debt $ 1,088,829 $ 1,136,549 Total shareholders’ equity 1,394,022 1,542,908 Total capital $ 2,482,851 $ 2,679,457 The Company manages its capital to ensure that entities in the Company will be able to continue to grow while maximizing the return to shareholders through the optimization of the debt and equity balances. The Company adjusts its capital structure in light of changes in economic conditions and the risk characteristics of the underlying assets. In order to maintain or adjust the capital structure, the Company may adjust the amount of dividends paid to shareholders, issue new Company shares, or access debt markets. The Company remains focused on maintaining a strong financial position and to continue reducing its debt levels. The Company formally reviews the capital structure on an annual basis and monitors it on an on-going basis. As part of this review, the cost of capital and the risks associated with each class of capital are considered.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Supplemental cash flow information	NOTE 32. SUPPLEMENTAL CASH FLOW INFORMATION Changes in working capital and other during the period:  Years ended December 31, 2023  2022  Accounts receivable $    (70,013)  $    (56,861)  Contract assets 55  (45,169)  Inventories (20,100)  (78,697)  Work-in-progress 41,986  (5,817)  Finance leases receivable 24,965  (81,049)  Income taxes receivable 6,307  3,097  Prepayments (5,181)  (35,198)  Net assets held for sale (2,906)  -  Long-term receivables related to preferred shares 27,954  -  Accounts payable and accrued liabilities and provisions 1 (42,586)  77,875  Income taxes payable (556)  (11,042)  Deferred revenue 22,336  179,497  Other current liabilities 7,936  -  Foreign currency and other 23,530  (17,954)  Net change in working capital and other $ 13,727  $ (71,318)  1 Cash interest and cash taxes paid and received during the period:  Years ended December 31, 2023  2022   Interest paid – short- and long-term borrowings $    143,114  $    29,640  Interest paid – lease liabilities 6,789  3,398  Total interest paid $ 149,903  $ 33,038  Interest received 36,168  1,269  Taxes paid 56,644  27,813  Taxes received 1,024  5,399  Changes in liabilities arising from financing activities during the period:   2023 2022   Long-term debt, opening balance $    1,390,325  $    331,422  Debt assumed on Acquisition (Note 6) -  1,022,112  Changes from financing cash flows (164,089)  90,973  The effect of changes in foreign exchange rates (31,557)  (4,099)  Amortization of deferred transaction costs 14,488  4,046  Accretion of Notes discount 10,635  2,070  Debt transaction costs (4,884)  (56,199)  Long-term debt, closing balance $ 1,214,918  $ 1,390,325

Guarantees, Commitments,And Con

Guarantees, Commitments,And Contingencies	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
GUARANTEES, COMMITMENTS, AND CONTINGENCIES	NOTE 33. GUARANTEES, COMMITMENTS, AND CONTINGENCIES Guarantees As of December 31, 2023, the Company had outstanding letters of credit of $186 million (December 31, 2022 – $175 million). Of the total outstanding letters of credit, $138 million (December 31, 2022 – $175 million) are funded from the Revolving Credit Facility and $48 million (US$36 million) (December 31, 2022 – nil) are funded from the US$70 million LC Facility. Commitments The Company has purchase obligations over the next three years as follows: 2024 $     528,003  2025 22,047  2026 937  Legal Proceedings On January 31, 2022, the Local Labor Board of the State of Tabasco in Mexico (the “Labor Board”) awarded a former employee of Exterran MXN$2,152 million plus other benefits that could increase the award to MXN$2,431 million in connection with a dispute relating to the employee’s severance pay following termination of their employment in 2015. Enerflex believes the order of the Labor Board is in error and has no credible basis in law or fact. In 2017, the Labor Board ruled that the former employee was entitled to approximately MXN$1.4 million as severance based on an appellate court’s determination that the employee’s salary was approximately MXN$3,500 per day. However, the Labor Board’s January 2022 order significantly increased the amount the employee is owed, ignoring the actual salary that had been established by the appellate court and, instead, basing it on a salary that the former employee never actually received while working for Exterran. Enerflex has appealed the decision, and the appeal is pending before the courts in Mexico. In the meantime, the Company is pursuing all other available avenues to preserve its rights, including rights under the USMCA investment treaty arguing that the conduct of the Labor Board in Mexico amounts to violations of protections available under the North American Free Trade Agreement. The Company is involved in litigation and claims associated with normal operations against which certain provisions may be made in the Financial Statements. Management is of the opinion that any resulting settlement arising from the litigation would not materially affect the consolidated financial position, results of operations, or liquidity of the Company.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Related Party Transactions	NOTE 34. RELATED PARTY TRANSACTIONS (a) Key Management Compensation Key management includes members of the Board and executive management. Remuneration of directors and executive management is determined by the Board having consideration of overall performance of individuals and market trends. Information on key management compensation is shown below:  Years ended December 31, 2023  2022   Salaries, Director fees and other short-term benefits $    5,580  $    6,350  Post-employment compensation 1 690  721  Share-based payments 8,446  8,315  1 (b) Other Related Party Transactions Enerflex transacts with certain related parties in the normal course of business. Related parties include the Company’s 45 percent equity investment in Roska DBO and the Company’s 65 percent interest in a joint venture in Brazil. All transactions occurring with related parties were in the normal course of business operations under the same terms and conditions as transactions with unrelated companies. A summary of the financial statement impacts of all transactions with all related parties is as follows:  Years ended December 31, 2023  2022   Associate – Roska DBO Revenue $    2,543  $    1,755  Purchases -  4  Accounts receivable 12  22  All related party transactions are settled in cash. There were no

Seasonality

Seasonality	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Seasonality	NOTE 35. SEASONALITY The energy sector in Canada and in some parts of the USA has a distinct seasonal trend in activity levels which results from well-site access and drilling pattern adjustments to take advantage of weather conditions. Generally, the Company has experienced higher revenues in the fourth quarter of each year related to these seasonal trends. Revenues are also impacted by both the Company’s and its customers’ capital investment decisions. The LATAM and EH segments are not significantly impacted by seasonal variations, while certain parts of the USA can be impacted by seasonal trends depending on customer activity, demand, and location. Variations from these trends usually occur when hydrocarbon energy fundamentals are either improving or deteriorating.

Segmented Information

Segmented Information	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Segmented Information	NOTE 36. SEGMENTED INFORMATION The Company has identified three reporting segments for external reporting: ● NAM consists of operations in Canada and the USA. ● LATAM consists of operations in Argentina, Bolivia, Brazil, Colombia, Mexico, and Peru. ● EH consists of operations in the Middle East, Africa, Europe, Australia and Asia. Each segment generates revenue from the EI, AMS and ES product lines. The accounting policies of these reportable operating segments are the same as those described in Note 3 “Summary of Material Accounting Policies” For internal Management reporting, the Company’s Chief Operating Decision Maker (“CODM”) has identified four operating segments which include: Canada, USA, LATAM, and EH. Each of the operating segments are supported by the Corporate head office. Corporate overheads are allocated to the operating segments based on revenue. In assessing its reporting and operating segments, the Company considered geographic locations, economic characteristics, the nature of products and services provided, the nature of production processes, the types of customers for its products and services, and distribution methods used. These considerations also factored into the decision to combine Canada and USA into one reporting segment. For each of the operating segments, the CODM reviews internal management reports on at least a quarterly basis. The following tables provide certain financial information by the Company’s reporting segments. Revenues and Operating Income Years ended December 31, North America Latin America Eastern Hemisphere Total 2023  2022   2023  2022  2023  2022  2023  2022  Segment revenue $  1,939,778  $  1,303,885  $  473,824  $  221,628  $  792,716  $  349,247  $  3,206,318  $  1,874,760  Intersegment revenue (33,168)  (93,778)  (1,295)  (434)  (9,760)  (2,750)  (44,223)  (96,962)  Revenue $ 1,906,610  $ 1,210,107  $ 472,529  $ 221,194  $ 782,956  $ 346,497  $ 3,162,095  $ 1,777,798  EI 171,276  141,900  335,532  129,723  270,894  109,464  777,702  381,087  AMS 385,814  298,333  76,792  38,057  189,592  107,270  652,198  443,660  ES 1,349,520  769,874  60,205  53,414  322,470  129,763  1,732,195  953,051  Gross Margin 364,497  195,503  115,569  50,015  137,080  77,198  617,146  322,716  SG&A 194,870  179,862  71,538  47,379  129,467  74,001  395,875  301,242  Foreign exchange loss 398  872  58,398  17,290  137  1,040  58,933  19,202  Operating income (loss) $ 169,229  $ 14,769  $ (14,367)  $ (14,654)  $ 7,476  $ 2,157  $ 162,338  $ 2,272  Segment Assets North America Latin America Eastern Hemisphere Total As at December 31, 2023  2022 1   2023  2022 1   2023  2022 1   2023  2022 1   Segment assets $  1,606,304  $  1,602,755  $  631,577  $  829,676  $  1,099,817  $ 828,517  $  3,337,698  $  3,260,948  Goodwill 2 220,657  224,992  -  89,264  351,153  360,140  571,810  674,396  Corporate -  -  -  -  -  -  2,472  322,724  Total segment assets $ 1,826,961  $ 1,827,747  $ 631,577  $ 918,940  $ 1,450,970  $ 1,188,657  $ 3,911,980  $ 4,258,068  1 re-presented 2

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Subsequent Events	NOTE 37. SUBSEQUENT EVENTS Subsequent to December 31, 2023, Enerflex declared a quarterly dividend of $0.025 per share, payable on May 1, 2024, to shareholders of record on March 13, 2024. The Board will continue to evaluate dividend payments on a quarterly basis, based on the availability of cash flow, anticipated market conditions, and the general needs of the business.

Summary Of Material Accountin_2

Summary Of Material Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Business Combinations and Goodwill	(a) Business Combinations and Goodwill Business combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration transferred, measured at fair value on the date of the acquisition. Acquisition costs incurred are expensed and included in SG&A, except for those associated with the issuance of debt, which are included in the initial carrying amount of the liability. Results of operations of businesses acquired are included in the Company’s consolidated financial statements from the date of acquisition. Goodwill arising on an acquisition of a business is initially measured at cost, being the excess of the aggregate of the consideration transferred over the net identifiable assets acquired and liabilities assumed. Following initial recognition, goodwill is measured at cost less any accumulated impairment losses. Goodwill allocated to a group of cash-generating units (“CGUs”) is reviewed for impairment annually, or when there is an indication that a related group of CGUs may be impaired. Impairment is determined by assessing the recoverable amount of the group of CGUs to which the goodwill relates. Where the recoverable amount of the group of CGUs is less than the carrying amount of the CGUs and related goodwill, an impairment loss is recognized in the consolidated statements of earnings. Impairment losses on goodwill are not reversed.
Investments in Associates and Joint Ventures	(b) Investments in Associates and Joint Ventures Investments in associates and joint ventures are accounted for under the equity method. Under this method, the investment is carried on the consolidated statements of financial position at cost plus post-acquisition changes in the Company’s share of net assets of the associate or joint venture. The significant associates and joint ventures held by the Company are as follows: ● 45 percent interest in Roska DBO Inc. (“Roska DBO”). ● 65 percent interest in a joint venture in Brazil. The consolidated statements of earnings reflect the Company’s share of the results of operations of associates and joint ventures. Unrealized gains and losses resulting from transactions between the Company and associates are eliminated to the extent of the interest in the associate or joint venture. The Company’s share of profits from associates and joint ventures is shown on the face of the consolidated statements of earnings. This is the profit attributable to equity holders of the associates and joint venture partners and, therefore, is profit after tax and non-controlling
Foreign Currency Translation	(c) Foreign Currency Translation In the accounts of individual subsidiaries, transactions in currencies other than the individual subsidiaries’ functional currency are recorded at the prevailing rate of exchange at the date of the transaction. At year-end, Non-monetary Non-monetary The assets and liabilities on the statements of financial position of foreign subsidiaries are translated into Canadian dollars at the prevailing exchange rate at the reporting date. The statements of earnings of foreign subsidiaries are translated at average exchange rates for the reporting period. Exchange differences arising on the translation of net assets are taken to accumulated other comprehensive income. All foreign exchange gains and losses are taken to the consolidated statements of earnings with the exception of exchange differences arising on monetary assets and liabilities that form part of the Company’s net investment in subsidiaries. These are taken directly to other comprehensive income until the disposal of the foreign subsidiary at which time the unrealized gain or loss is recognized in the consolidated statements of earnings. On the disposal of a foreign subsidiary, accumulated exchange differences are recognized in the consolidated statements of earnings as a component of the gain or loss on disposal.
Cash and Cash Equivalents	(d) Cash and Cash Equivalents Cash and cash equivalents comprise primarily of cash at banks, term deposits, investments in money market funds, and all other short-term highly liquid deposits with original maturities of three months or less, that are held for the purpose of meeting short-term cash commitments, readily convertible to a known amount of cash and subject to an insignificant change in value.
Short-Term Investments	(e) Short-Term Investments Short-term investments comprise of investments into mutual funds other than money market funds. The Company examines all information provided by the fund managers and external sources to the extent possible to determine if the net asset value (“NAV”) provided by the fund represents fair value. If it is determined that NAV represents fair value, the investment is adjusted to reflect NAV and unrealized gains or losses are recorded through profit or loss.
Trade Receivables	(f) Trade Receivables Trade receivables are recognized and carried at original invoice amount less an allowance for any amounts estimated to be uncollectible. The Company calculates an expected credit loss based on historical experience of bad debts and specific provisions created when there is objective evidence that the collection of the full amount of a receivable is no longer probable under the terms of the original invoice. The amount of this allowance represents Management’s best estimate of expected credit losses. Trade receivables are derecognized when they are assessed as uncollectible.
Contract Assets	(g) Contract Assets The payment terms and conditions in customer contracts may vary from the timing of revenue recognition. Contract assets result when the Company has recognized revenue based on performance obligations satisfied, but invoicing hasn’t occurred. Once the contract permits invoicing, the contract assets are reclassified to trade receivables.
Assets Held for Sale	(h) Assets Held for Sale Assets and the associated liabilities are classified as held for sale if their carrying amounts are expected to be recovered through a disposition rather than through continued use. The assets or disposal groups are measured at the lower of their carrying amount or estimated fair value less costs of disposal. Impairment losses on initial classification as well as subsequent gains or losses on remeasurement are recognized in the statement of earnings. Assets classified as held for sale are not depreciated or amortized after classification.
Impairment of Non-Financial Assets (excluding Goodwill)	(i) Impairment of Non-Financial At least annually, the Company reviews the carrying amounts of its tangible and intangible assets with finite lives to assess whether there is an indication that those assets may be impaired. If any such indication exists, the Company makes an estimate of the asset’s recoverable amount. An asset’s recoverable amount is the higher of an asset’s fair value less costs to sell and its value-in-use. value-in-use, pre-tax If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. A corresponding impairment loss is recognized in the consolidated statements of earnings. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but only to the extent that the increased carrying amount does not exceed the original carrying amount that would have been determined, net of depreciation, had no impairment loss been recognized for the asset in prior years. Any impairment reversal is recognized in the consolidated statements of earnings.
Inventories	(j) Inventories Inventories are valued at the lower of cost and net realizable value. Serialized inventory is determined on a first-in, first-out Non-serialized Cost of equipment, repair and distribution parts, and direct materials, include purchase costs and costs incurred in bringing each product to its present location and condition. Cost of work-in-progress work-in-progress Cost of inventories includes the transfer from accumulated other comprehensive income of gains and losses on qualifying cash flow hedges in respect of the purchase of inventory. Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs of completion and the estimated costs necessary to make the sale. Inventories are written down to net realizable value when the cost of inventories is estimated to be unrecoverable due to obsolescence, damage, or declining selling prices. Inventories are not written down below cost if the finished products in which they will be incorporated are expected to be sold at or above cost. When circumstances that previously caused inventories to be written down no longer exist or when there is clear evidence of an increase in selling prices, the amount of the write-down previously recorded is reversed.
Property, Plant and Equipment	(k) Property, Plant and Equipment Property, plant and equipment (“PP&E”) are stated at cost less accumulated depreciation and any accumulated impairment losses. Cost comprises the purchase price or construction cost and any costs directly attributable to making the asset capable of operating as intended. Depreciation is provided using the straight-line method over the estimated useful lives of the various classes of assets and commences when the assets are ready for intended use. Asset Class Estimated Useful Life Range   Buildings 5 to 20 years Equipment 2 to 20 years Major renewals and improvements are capitalized when they are expected to provide future economic benefit. When significant components of PP&E are required to be replaced at intervals, the Company derecognizes the replaced part, and recognizes the new part with its own associated useful life and depreciation. No depreciation is charged on land or assets under construction. Repairs and maintenance costs are charged to operations as incurred. The carrying amount of an item of PP&E is derecognized on disposal or when no future economic benefits are expected from its use or disposal. The gain or loss arising from derecognition of PP&E is included in the consolidated statements of earnings when the item is derecognized. Each asset’s estimated useful life, residual value, and method of depreciation are reviewed and adjusted, if appropriate, at each year end, or when factors and circumstances suggest a different useful life for the asset.
Energy Infrastructure Assets	(l) Energy Infrastructure Assets Energy infrastructure (“EI”) assets are stated at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided using the straight-line method over the estimated useful lives of the assets, which are generally between five When the Company is responsible for major maintenance and overhauls, the actual overhaul cost is capitalized and depreciated over the estimated useful life of the overhaul, generally between two Each asset’s estimated useful life, residual value, and method of depreciation are reviewed and adjusted, if appropriate, at each year-end,
Leases	(m) Leases Company as a Lessee A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The Company recognizes a right-of-use The ROU asset is measured at cost and is subsequently depreciated using the straight-line method over the lesser of the lease term or the useful life of the underlying asset, where appropriate. The lease liability is initially measured at the present value of remaining lease payments, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Company’s incremental borrowing rate. Subsequently, lease liabilities are measured at amortized cost using the effective interest method. Lease liabilities are remeasured when there is a change in future lease payments arising from a change in an index or rate, if there is a change in the Company’s estimate of the amount expected to be payable under a residual value guarantee, or if the Company changes its assessment of whether it will exercise a purchase, extension, or termination option. The payments related to short-term and low value leases are recognized as expenses over the lease term. Sale and leaseback transaction For sale and leaseback transactions, the Company applies the requirements of IFRS 15 “Revenue from Contracts with Customers” (“IFRS 15”) to determine whether the transfer of an asset is accounted for as a sale due to a change in control. If the transfer of the asset is a sale in accordance with IFRS 15, the Company will recognize the proportion of the asset not retained by the Company through the lease as revenue immediately after the sale. The proportion of the asset retained by the Company through the lease is recognized as a ROU asset and the lease liability is measured as the present value of the future lease payments. Company as a Lessor Leases in which the Company is the lessor are assessed upon commencement and are classified as either an operating lease or a finance lease. An operating lease does not transfer substantially all the risks and rewards of the leased asset to the customer. Lease payments from operating leases are recorded as income on a straight-line basis over the life of the lease. A finance lease exists when the terms of the lease transfer substantially all the risks and rewards incidental to ownership of the leased asset to the lessee. Amounts due from lessees under finance leases are recorded as finance lease receivables. Finance leases are initially recognized at amounts equal to the net investment in the lease, determined to be the fair value of the underlying asset, or, if lower, the present value of the lease payments discounted using a market rate of interest. Payments that are part of the leasing arrangement are divided between a reduction in the finance lease receivable and finance lease income. Finance lease income is recognized to produce a constant rate of return on the Company’s investment in the lease and is included in revenues.
Financial Instruments	(o) Financial Instruments Financial instruments are measured at fair value on initial recognition of the instrument, plus or minus transaction costs that are directly attributable to the acquisition or issue of the financial asset or financial liability. For the purposes of measuring financial assets after initial recognition, the Company classifies financial assets as either amortized cost, fair value through other comprehensive income (“FVOCI”), or fair value through profit or loss (“FVTPL”), based on the contractual cash flow characteristics and the Company’s business model for managing the financial asset. For the purposes of measuring financial liabilities after initial recognition, the Company classifies all financial liabilities as amortized cost, except certain financial liabilities, such as derivatives, which are classified as FVTPL. The Company applies the market approach for recurring fair value measurements. Three levels of inputs may be used to measure fair value: ● Level 1: Fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical assets or liabilities. Active markets are those in which transactions occur in sufficient frequency and volume to provide pricing information on an on-going ● Level 2: Fair value measurements are those derived from inputs, other than quoted prices included in Level 1, that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices); and ● Level 3: Fair value measurements are those derived from inputs for the asset or liability that are not based on observable market data (unobservable inputs). In these instances, internally developed methodologies are used to determine fair value. The level in the fair value hierarchy within which the fair value measurement is categorized in its entirety is determined on the basis of the lowest level input that is significant to the fair value measurement in its entirety. Assessing the significance of a particular input to the fair value measurement in its entirety requires judgment, considering factors specific to the asset or liability, and may affect placement within. The Company has made the following classifications: ● Short-term investments are measured at fair value through profit or loss. Gains and losses resulting from the periodic revaluation are recorded in the consolidated statements of earnings; ● Accounts receivable, preferred shares, and cash and cash equivalents are recorded at amortized cost using the effective interest rate method; and ● Accounts payable, accrued liabilities, and long-term debt are recorded at amortized cost using the effective interest rate method. Transaction costs are expensed as incurred for financial instruments classified or designated as FVTPL. Transaction costs related to financial liabilities classified and measured at amortized cost are added to the value of the instrument at acquisition and taken into the consolidated statements of earnings using the effective interest rate method.
Derivative Financial Instruments and Hedge Accounting	(p) Derivative Financial Instruments and Hedge Accounting The Company formally documents its risk management objectives and strategies to manage exposures to fluctuations in foreign currency exchange rates and interest rates. The risk management policy permits the use of certain derivative financial instruments, including forward foreign exchange contracts and interest rate swaps, to manage these fluctuations. The Company does not enter into derivative financial agreements for speculative purposes. Derivative financial instruments are measured at their fair value upon initial recognition and are remeasured to their fair value at the end of each reporting period. The fair value of quoted derivatives is equal to their positive or negative market value. Derivatives are carried as assets when the fair value is positive and as liabilities when the fair value is negative. The Company elected to apply hedge accounting for foreign exchange forward contracts for anticipated transactions. These are designated as cash flow hedges. For cash flow hedges, fair value changes of the effective portion of the hedging instrument are recognized in accumulated other comprehensive income, net of taxes. The ineffective portion of the fair value changes is recognized in the consolidated statements of earnings. Amounts charged to accumulated other comprehensive income are reclassified to the consolidated statements of earnings when the hedged transaction affects the consolidated statements of earnings. The Company’s U.S. dollar-denominated long-term debt has been designated as a hedge of net investment in self-sustaining foreign operations. As a result, a portion of unrealized foreign exchange gains and losses on the U.S. dollar-denominated long-term debt are included in the cumulative translation account in other comprehensive income. On an ongoing basis, an assessment is made as to whether the designated derivative financial instruments continue to be effective in offsetting changes in cash flows of the hedged transactions.
Intangible Assets	(q) Intangible Assets Intangible assets are carried at cost less accumulated amortization and any accumulated impairment losses. Intangible assets with a finite life are amortized on a straight-line basis over Management’s best estimate of their expected useful lives. The amortization charge is included in SG&A in the consolidated statements of earnings. The expected useful lives and amortization method are reviewed on an annual basis with any change in the useful life or pattern of consumption adjusted at year end. Intangible assets are tested for impairment whenever there is an indication that the asset may be impaired. Acquired identifiable intangible assets with finite lives are amortized on a straight-line basis over their estimated useful lives. Customer relationships, software, and other intangible assets have an estimated useful life range of two
Revenue Recognition	(r) Revenue Recognition Revenue is recognized as the Company satisfies its performance obligations by transferring promised goods or services to customers, regardless of when payment is received. Revenue is measured at the amount of consideration to which the Company expects to be entitled, in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third parties, and may include fixed amounts, variable amounts, or both. Variable amounts are recorded using either the “expected value approach” or the “most likely outcome approach”, as determined upon initial recognition of the contract, and are reassessed at each reporting period. The expected value approach measures variable consideration by probability weighting all the potential outcomes. The most likely outcome approach measures variable consideration as Management’s best estimate of the variable component. In estimating variable consideration, the Company reviews any potential for returns, refunds, and other similar obligations. For contracts containing multiple performance obligations, the amount of consideration to which the Company expects to be entitled is allocated to individual performance obligations proportionately based on the stand-alone selling price. Energy Infrastructure Revenue from EI assets is recognized in accordance with the terms of the relevant agreement with the customer over the term of the agreement. Payments are typically required on a monthly basis with no unusual payment terms. Certain rental contracts contain an option for the customer to purchase the assets at the end of the rental period. Should the customer exercise this option to purchase, revenue from the sale of the equipment is recognized directly in the consolidated statements of earnings. Revenue from contracts that have been classified as finance leases relating to existing or pre-owned lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership of an underlying asset. Whether a lease is an operating or finance lease depends on the substance of the transaction rather than the form of the contract. Examples of situations, which typically would lead to a lease being classified as a finance lease, include but are not limited to: a) the lease transfers ownership of the underlying asset to the lessee by the end of the lease term; b) the lessee has the option to purchase the underlying asset at a price that is expected to be sufficiently lower than the fair value at the date the option becomes exercisable for it to be reasonably certain, at the inception date, that the option will be exercised; c) the lease term is for the major part of the economic life of the underlying asset even if title is not transferred; d) at the inception date, the present value of the lease payments amounts to at least substantially all of the fair value of the underlying asset; and e) the underlying asset is of such a specialised nature that only the lessee can use it without major modifications. At the commencement of these finance leases, the Company recognizes revenue and a finance lease receivable equal to the net investment in the lease. Finance income is recognized in EI revenue reflecting a constant periodic rate of return on the Company’s net investment in the lease over the lease term. After-Market Services After-Market Services (“AMS”) revenues include the sales of parts and equipment, as well as the servicing and maintenance of equipment. For the sale of parts and equipment, revenue is recognized when the transfer of control passes, which is typically at the point of shipping. For servicing and maintenance of equipment, revenue is recognized on a straight-line basis based on performance of the contracted-upon service. Revenue from long-term service contracts is recognized on a stage of completion basis proportionate to the service work that has been performed based on parts and labour service provided. Payments are typically required on a monthly basis or as work is performed, with no unusual payment terms. At the completion of the contract, any remaining profit on the contract is recognized as revenue. Any expected losses on such projects are charged to operations when determined. Long-term service contracts include scheduled milestone maintenance, corrective or crash maintenance, the supply of parts, and the operation of equipment. Engineered Systems Revenue from the supply of equipment systems – contracts typically involving engineering, design, manufacture, installation, and start-up percentage-of-completion For ES contracts, the Company generally requires customers to pay based on milestones as manufacturing progresses. These milestones are generally structured to keep the Company cash flow-positive. Contracts are also generally structured to ensure the Company is made whole for costs incurred in the event of a cancellation. Revenue from contracts that have been classified as finance leases for newly manufactured equipment are recorded as ES revenue for the upfront sale of equipment recognized at a point in time when the lease commences. ES projects are typically completed within a year; however, this timing can be impacted by both internal and external factors such as shop loading and customer delivery requests. The Company has elected to omit adjusting for significant financing components in the consideration amount if the entity expects payment within one year of transferring goods or services to a customer. Incremental costs of obtaining a contract predominantly relate to commission costs on ES projects, which are typically completed within one year. Accordingly, the Company did not recognize commission costs incurred as an asset in the consolidated statements of financial position.
Provisions	(s) Provisions Provisions are recognized when the Company has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation.
Onerous Contracts	(t) Onerous Contracts A provision for onerous contracts is recognized when the expected benefits to be derived by the Company from a contract are lower than the unavoidable cost of meeting its obligations under the contract. The provision is measured at the present value of the lower of the expected cost of terminating the contract and the expected net cost of continuing with the contract. Before a provision is established, the Company recognizes any impairment loss on the assets associated with that contract.
Employee Future Benefits	(u) Employee Future Benefits The Company sponsors various defined contribution pension plans, which cover substantially all employees and are funded in accordance with applicable plan and regulatory requirements. Regular contributions are made by the Company to the employees’ individual accounts, which are administered by a plan trustee, in accordance with the plan document. The actual cost of providing benefits through defined contribution pension and the 401(k) matched savings plans is charged to earnings in the period in respect of which contributions become payable.
Deferred Revenue	(n) Deferred Revenue The payment terms and conditions in customer contracts may vary from the timing of revenue recognition. Deferred revenue occurs when the company has collected payment but has not delivered the product or service that satisfies the performance obligation. Deferred revenue is recognized to the income statement as the underlying
Share-Based Payments	(w) Share-Based Payments Equity-Settled Share-Based Payments The Company offers a Stock Option Plan to key employees, measured at the fair value of the equity instrument at the grant date. Details regarding the determination of the fair value of equity-settled share-based transactions are set out in Note 26 “ Share-Based Compensation ” The fair value of equity-settled share-based payments is expensed over a five-year vesting period with a corresponding increase in equity. Stock options have a seven-year expiry and are exercisable at the designated common share price, which is determined by the average of the market price of the Company’s shares on the five days preceding the date of the grant. The cumulative expense recognized for equity-settled transactions at each reporting date until the vesting date reflects the extent to which the vesting period has expired and the Company’s best estimate of the number of equity instruments that will ultimately vest. Cash-Settled Share-Based Payments The Company offers Deferred Share Unit (“DSU”), Performance Share Unit (“PSU”), Restricted Share Unit (“RSU”), and Cash Performance Target (“CPT”) plans to certain employees. The Company also offers the DSU plan to non-employee The Company also offers a Phantom Share Entitlement (“PSE”) plan to certain employees of affiliates located in Australia and the UAE. PSEs are measured at the fair value of the equity instrument at the grant date and expensed over a five-year vesting period and expire on the seventh anniversary. The exercise price of each PSE equals the average of the market price of the Company’s shares on the five days preceding the date of the grant. At the end of each reporting period until the liability is settled, and at the date of settlement, the fair value of the liability is remeasured, with changes in fair value recognized in the consolidated statements of earnings. The award entitlements for increases in the share trading value of the Company are to be paid to the recipient in cash upon exercise.
Income Taxes	(x) Income Taxes Income tax expense represents the sum of current income tax and deferred tax. Current income tax assets and liabilities for the current and prior periods are measured at the amount expected to be recovered from or paid to the taxation authorities. Taxable earnings differ from earnings as reported in the consolidated statements of earnings as it excludes temporary and permanent differences. The Company’s current tax assets and liabilities are calculated by using tax rates that have been enacted or substantively enacted at the reporting date. Deferred income tax is recognized on all temporary differences at the reporting date based on the difference between the carrying amounts of assets and liabilities in the consolidated financial statements and the corresponding tax bases used in the computation of taxable profit, with the following exceptions: ● Where the temporary difference arises from the initial recognition of goodwill or of an asset or liability in a transaction that is not a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss; ● In respect of taxable temporary differences associated with investments in subsidiaries, associates and joint ventures, where the timing of the reversal of the temporary difference can be controlled and it is probable that the temporary difference will not reverse in the foreseeable future; and ● Deferred income tax assets are recognized only to the extent that it is probable that a taxable profit will be available against which the deductible temporary differences, carried forward tax credits, or tax losses can be utilized. The carrying amount of deferred income tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred income tax assets to be utilized. Unrecognized deferred income tax assets are reassessed at each reporting date and are recognized to the extent that it has become probable that future taxable profit will allow the deferred tax asset to be recovered. Deferred income tax assets and liabilities are measured on an undiscounted basis at the tax rates that are expected to apply when the asset is realized or the liability is settled, based on tax rates and tax laws enacted or substantively enacted at the reporting date. Current and deferred income taxes are charged or credited directly to equity if it relates to items that are credited or charged to equity in the same period. Otherwise, income tax is recognized in the consolidated statements of earnings. In accordance with IAS 12 Income taxes, where an entity’s tax return is prepared in a currency other than its functional currency, changes in the exchange rate between the two currencies create temporary differences with respect to the valuation of non-monetary
Earnings Per Share	(y) Earnings Per Share Basic earnings per share is calculated by dividing the net earnings for the period by the weighted average number of common shares outstanding during the period. Diluted earnings per share is calculated by adjusting the weighted average number of common shares outstanding for dilutive common shares related to the Company’s equity-settled share-based compensation plan.
Finance Income and Costs	(v) Finance Income and Costs Finance income comprises interest income on funds invested. Finance income is recognized as it accrues in profit or loss, using the effective interest rate method. Finance costs comprise interest expense on borrowings, amortization of the Notes discount using the effective interest rate method, and interest incurred on lease liabilities.

Nature And Description Of The_2

Nature And Description Of The Company (Tables)	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Summary of nature and description of the company explanatory	The following table represents material subsidiaries of the Company as at December 31, 2023:  Name Jurisdiction of Incorporation Ownership Operating Segment Enerflex Ltd. Canada Public Shareholders North America Enerflex International Holdings Ltd. Barbados 100 percent Eastern Hemisphere Enerflex Energy Systems Inc. Delaware, USA 100 percent North America Enerflex US Holdings Inc. 1 Delaware, USA 100 percent North America Exterran Energy Solutions, LP Delaware, USA 100 percent North America Enerflex Energy Systems (Australia) PTY Ltd. Australia 100 percent Eastern Hemisphere Enerflex Middle East LLC Oman 70 percent 2 Eastern Hemisphere Enerflex Middle East WLL Bahrain 100 percent Eastern Hemisphere Enerflex Holding Company NL B.V. Netherlands 100 percent Eastern Hemisphere Exterran Middle East LLC Oman 100 percent Eastern Hemisphere 1 2

Summary Of Material Accountin_3

Summary Of Material Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Summary Of Property, Plant And Equipment	Asset Class Estimated Useful Life Range   Buildings 5 to 20 years Equipment 2 to 20 years

Acquisition (Tables)

Acquisition (Tables)	12 Months Ended
	Dec. 31, 2023
Business combinations [Abstract]
Summary of the identifiable assets acquired and liabilities	The following table summarizes the final details of the consideration and the recognized amounts of assets acquired and liabilities assumed at the date of acquisition.  October 13, 2022 Final Preliminary Purchase consideration Shares exchanged $ 213,942 $ 213,942 Fair value of vested stock-based compensation 1 8,641 8,641 Total purchase consideration $ 222,583 $ 222,583 Identifiable assets acquired and liabilities assumed Net working capital $ 63,290 $ 56,715 Property, plant, and equipment 60,395 60,395 Energy infrastructure assets 568,550 581,338 Contract assets 217,585 217,585 Finance leases receivables 77,578 77,578 Intangible assets 102,789 102,789 Other long-term assets 69,024 66,602 Long-term debt    (1,019,436)    (1,019,436) Other long-term liabilities (51,636) (60,408) Total net identifiable assets $ 88,139 $ 83,158 Goodwill $    134,444 $ 139,425 1

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	12 Months Ended
	Dec. 31, 2023
Cash and cash equivalents [abstract]
Disclosure of cash and cash equivalents	Cash and cash equivalents consisted of the following:  December 31, 2023 2022 Cash $ 122,271 $ 253,776 Money market fund 3,818 - Cash and cash equivalents $      126,089 $      253,776

Accounts Receivable And Contr_2

Accounts Receivable And Contract Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Summary of Accounts Receivables	Accounts receivable consisted of the following:  December 31, 2023 2022 1 Trade receivables $ 529,550 $ 457,850 Less: allowance for doubtful accounts (12,539) (7,652) Trade receivables, net $ 517,011 $ 450,198 Other receivables 8,843 5,643 Total accounts receivable $      525,854 $      455,841 1 re-presented
Summary of Aging of Trade Receivables	Aging of trade receivables:  December 31, 2023 2022 Current to 90 days $ 440,459 $ 405,196 Over 90 days 89,091 52,654 $      529,550 $      457,850
Summary of Movement in Allowance For Doubtful Accounts	Movement in allowance for doubtful accounts:  December 31, 2023 2022 Opening balance $ 7,652 $ 10,334 Impairment provision additions on receivables 1,858 628 Amounts settled and derecognized during the period 2,582 (3,499) Currency translation effects 447 189 Closing balance $       12,539 $        7,652
Summary of Movement in Contract Assets	Movement in contract assets:  December 31, 2023 2022 Opening balance $ 409,438 $ 82,760 Acquisition (Note 6) —  281,509 Unbilled revenue recognized    1,364,706      559,229 Amounts billed (1,354,908) (517,828) Currency translation effects (9,853) 3,768 Closing balance $ 409,383 $ 409,438 Current contract assets $ 230,455 $ 186,259 Non-current 178,928 223,179 $ 409,383 $ 409,438 Amounts recognized as current contract assets are typically billed to customers within three months and amounts recognized as non-current

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Summary Of Detailed Information About Inventories	Inventories consisted of the following:  December 31, 2023 2022 Direct materials $ 92,132 $ 107,575 Repair and distribution parts      152,282      136,876 Work-in-progress 119,254 98,297 Equipment 25,730 26,550 Total inventories $ 389,398 $ 369,298  December 31, 2023 2022 Work-in-progress $ - $ 41,986

Assets and Liabilities Classi_2

Assets and Liabilities Classified as Held for Sale (Tables)	12 Months Ended
	Dec. 31, 2023
Assets and Liabilities Classified as Held for Sale [Abstract]
Disclosure of assets and liabilities held for sale	As of December 31, 2023, assets and liabilities held for sale are comprised of cash and cash equivalents, lease ROU assets, the related lease liabilities, and accounts payables and accrued liabilities. December 31, 2023  Assets classified as held for sale: Cash and cash equivalents $    3,319 Lease ROU assets 5,906  Total assets classified as held for sale $ 9,225  Liabilities associated with assets classified as held for sale: Accounts payable and accrued liabilities $ 110 Lease liabilities 6,209 Total liabilities associated with assets classified as held for sale $ 6,319

Property, Plant And Equipment_2

Property, Plant And Equipment And Energy Infrastructure Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Summary Of Detailed Information About Property Plant And Equipment And Rental Equipment	A reconciliation of the changes in the carrying amount of PP&E and EI assets were as follows: Land Building Equipment Assets under Total Energy Cost December 31, 2022 $ 23,559 $  151,400 $  90,698 $ 4,585 $ 270,242 $ 1,529,166 Additions - 376 2,402 19,040 21,818 121,160 Reclassification 120 2,985 13,340 (17,519) (1,074) - Disposals (612) (7,979) (17,128) - (25,719) (96,788) Reclassified to assets held for sale (Note 10) - (5,880) (2,331) - (8,211) - Currency translation effects (421) (3,990) (4,787) 2,758 (6,440) (42,815) December 31, 2023 $ 22,646 $ 136,912 $ 82,194 $ 8,864 $ 250,616 $ 1,510,723 Accumulated depreciation December 31, 2022 $ - $ (58,666) $ (59,071) $ - $  (117,737) $ (291,616) Depreciation charge - (9,901) (16,965) - (26,866) (171,932) Impairment - - - - - (1,726) Disposals - 4,774 11,285 - 16,059 73,393 Reclassified to assets held for sale (Note 10) - 5,880 2,331 - 8,211 - Currency translation effects - 2,176 4,013 - 6,189 24,826 December 31, 2023 $ - $ (55,737) $ (58,407) $ - $ (114,144) $ (367,055) Net book value – December 31, 2023 $     22,646 $     81,175 $     23,787 $      8,864 $    136,472 $  1,143,668 Land Building Equipment Assets under Total Energy 1 Cost December 31, 2021 $ 18,411 $ 114,021 $ 64,492 $ 3,068 $ 199,992 $ 839,734 Acquisition (Note 6) 4,237 31,864 22,952 1,342 60,395 568,550 Additions - 6 2,001 6,036 8,043 107,797 Reclassification - 885 4,022 (5,314) (407) - Disposals (6) (1,100) (1,925) - (3,031) (23,233) Currency translation effects 917 5,724 (844) (547) 5,250 36,318 December 31, 2022 $ 23,559 $  151,400 $ 90,698 $ 4,585 $ 270,242 $ 1,529,166 Accumulated depreciation December 31, 2021 $ - $ (50,087) $ (53,491) $ - $ (103,578) $ (229,406) Depreciation charge - (7,205) (8,352) - (15,557) (83,289) Impairment - - - - - (1,233) Disposals - 987 1,827 - 2,814 9,671 Currency translation effects - (2,361) 945 - (1,416) 12,641 December 31, 2022 $ - $ (58,666) $ (59,071) $ - $ (117,737) $ (291,616) Net book value – December 31, 2022 $  23,559 $ 92,734 $  31,627 $  4,585 $  152,505 $  1,237,550 1 re-presented

Lease Right-Of-Use Assets (Tabl

Lease Right-Of-Use Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Summary Of Detailed Information About Reconciliation Of Lease Right Of Use Assets	A reconciliation of the changes in the carrying amount of lease ROU assets were as follows: Land and buildings Equipment Total lease right-of-use assets Cost December 31, 2022 $ 94,107 $ 25,058 $ 119,165 Additions 22,131 22,287 44,418 Disposal (15,444) (7,096) (22,540) Lease measurement adjustment (7,413) - (7,413) Reclassified to assets held for sale (Note 10) (6,971) - (6,971) Currency translation effects (1,344) (262) (1,606) December 31, 2023 $ 85,066 $ 39,987 $ 125,053 Accumulated depreciation December 31, 2022 $ (27,157) $ (13,636) $ (40,793) Depreciation charge (16,866) (6,217) (23,083) Disposal 10,428 6,583 17,011 Lease measurement adjustment 1,900 - 1,900 Reclassified to assets held for sale (Note 10) 1,065 - 1,065 Currency translation effects 959 101 1,060 December 31, 2023 $ (29,671) $ (13,169) $ (42,840) Net book value – December 31, 2023 $   55,395 $   26,818 $   82,213 Land and buildings Equipment Total lease right-of-use assets Cost December 31, 2021 $ 58,380 $ 24,359 $ 82,739 Acquisition (Note 6) 31,192 1,240 32,432 Additions 7,173 4,029 11,202 Disposal (3,935) (6,129) (10,064) Currency translation effects 1,297 1,559 2,856 December 31, 2022 $ 94,107 $ 25,058 $ 119,165 Accumulated depreciation December 31, 2021 $ (20,198) $ (12,654) $ (32,852) Depreciation charge (9,994) (5,824) (15,818) Disposal 3,543 5,731 9,274 Currency translation effects (508) (889) (1,397) December 31, 2022 $ (27,157) $ (13,636) $ (40,793) Net book value – December 31, 2022 $ 66,950 $ 11,422 $ 78,372 Depreciation of lease ROU assets included in net loss for the year ended December 31, 2023 was $23 million (December 31, 2022 – $16 million), of which $16 million was included in COGS (December 31, 2022 – $13 million) and $7 million was included in SG&A (December 31, 2022 – $3 million).

Finance Leases Receivable (Tabl

Finance Leases Receivable (Tables)	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Summary of Maturity Analysis of Finance Lease Receivable	The value of the finance leases receivable were c o Minimum lease payments and Present value of minimum lease payments  December 31, 2023 2022      2023      2022 Less than one year $ 60,832 $ 73,614 $ 56,982 $ 60,020 Between one and five years 170,174 196,314 140,307 149,052 Later than five years 119,354 144,482 72,250 85,432 $ 350,360 $ 414,410 $ 269,539 $ 294,504 Less: Unearned finance income (80,821) (119,906) - - $    269,539 $    294,504 $    269,539 $    294,504
Summary of Reconciliation of Finance Lease	December 31,      2023      2022 Opening balance $ 294,504 $ 103,358 Acquisition (Note 6) - 110,097 Additions 64,112 86,602 Interest income 30,203 14,801 Billings and payments (79,619) (33,740) Derecognition (33,353) - Other (2,254) - Currency translation effects (4,054) 13,386 Closing balance $ 269,539 $ 294,504

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Summary of Detailed Information About Intangible Assets	A reconciliation of the changes in the carrying amount of intangible assets were as follows: Customer and other Software Total intangible Cost December 31, 2022 $    151,310 $    74,303 $    225,613 Additions - 6,481 6,481 Reclassification - 1,074 1,074 Disposal - (1,632) (1,632) Currency translation effects (3,784) (3,973) (7,757) December 31, 2023 $ 147,526 $ 76,253 $ 223,779 Accumulated amortization December 31, 2022 $ (73,427) $ (49,413) $ (122,840) Amortization charge (18,233) (12,940) (31,173) Disposal - 1,632 1,632 Currency translation effects 2,313 (466) 1,847 December 31, 2023 $ (89,347) $ (61,187) $ (150,534) Net book value – December 31, 2023 $ 58,179 $ 15,066 $ 73,245 Customer and other Software Total intangible Cost December 31, 2021 $ 69,594 $ 49,069 $ 118,663 Acquisition (Note 6) 80,514 22,275 102,789 Disposal - (11) (11) Reclassification - 407 407 Currency translation effects 1,202 2,563 3,765 December 31, 2022 $    151,310 $ 74,303 $ 225,613 Accumulated amortization December 31, 2021 $ (63,817) $ (44,728) $ (108,545) Amortization charge (7,239) (2,198) (9,437) Disposal - 11 11 Currency translation effects (2,371) (2,498) (4,869) December 31, 2022 $ (73,427) $ (49,413) $ (122,840) Net book value – December 31, 2022 $ 77,883 $    24,890 $    102,773

Goodwill and Impairment Revie_2

Goodwill and Impairment Review of Goodwill (Tables)	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Summary Of Detailed Information About Goodwill	December 31, 2023 2022 1 Opening balance $ 674,396 $ 566,270 Acquisition (Note 6) - 134,444 Impairment (87,168) (48,000) Currency translation effects (15,418) 21,682 Closing balance $    571,810 $    674,396 1 re-presented

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Summary of Detailed Information About Other Assets	December 31, 2023 2022 Investment in associates and joint ventures $    37,544 $    34,977 Prepaid deposits 13,932 13,972 Long-term receivables 1 400 34,127 Total other assets $ 51,876 $ 83,076 1

Accounts Payable and Accrued _2

Accounts Payable and Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Summary of Detailed Information About Accounts Payable and Accrued Liabilities	December 31, 2023 2022 1 Accounts payable and accrued liabilities $    550,639 $    611,516 Accrued dividend payable 3,098 3,093 Cash-settled share-based payments 7,383 13,477 Total accounts payable and accrued liabilities $ 561,120 $ 628,086 1 re-presented

Provisions (Tables)

Provisions (Tables)	12 Months Ended
	Dec. 31, 2023
Classes of other provisions [abstract]
Summary of other provisions	December 31, 2023 2022 Warranty provisions $ 14,151 $ 13,411 Restructuring provisions 9,646 2,009 Legal provisions 2,179 3,406 Total provisions $    25,976 $    18,826
Summary of tabular form of movement in provisions	2023 Warranty Provisions Restructuring Provisions Legal Provisions Total Opening balance $ 13,411 $ 2,009 $ 3,406 $ 18,826 Acquisition (Note 6) - - - - Additions during the year 8,609 7,936 - 16,545 Amounts settled and released in the year (7,595 ) (299 ) (1,225 ) (9,119 ) Currency translation effects (274 ) - (2 ) (276 ) Closing balance $    14,151 $ 9,646 $ 2,179 $ 25,976 2022 Warranty Provisions Restructuring Provisions Legal Provisions Total Opening balance $ 6,636 $ - $ - $ 6,636 Acquisition (Note 6) 5,888 - 2,691 8,579 Additions during the year 4,395 2,009 717 7,121 Amounts settled and released in the year (3,669 ) - - (3,669 ) Currency translation effects 161 - (2 ) 159 Closing balance $    13,411 $    2,009 $    3,406 $    18,826

Deferred Revenues (Tables)

Deferred Revenues (Tables)	12 Months Ended
	Dec. 31, 2023
Detailed Information About Deferred Revenue [Abstract]
Summary of detailed information about deferred revenue	December 31, 2023 2022 Opening balance $ 399,520 $ 84,614 Acquisition (Note 6) - 135,409 Cash received in advance of revenue recognition 892,622 526,924 Revenue subsequently recognized (857,797) (354,531) Currency translation effects (12,489) 7,104 Closing balance $ 421,856 $ 399,520 Current deferred revenue $ 392,371 $ 366,085 Non-current 29,485 33,435 Deferred revenue $    421,856 $    399,520

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2023
Borrowings [abstract]
Summary of borrowings	The composition of the borrowings on the Revolving Credit Facility, Term Loan, and the Notes were as follows: Maturity Date  December 31, 2023 December 31, 2022 Drawings on the Revolving Credit Facility (US$700,000) October 13, 2025  $ 314,705 $ 459,202 Drawings on the Term Loan (US$130,000) October 13, 2025  171,938 203,160 Notes (US$625,000) October 15, 2027  826,625 846,500 1,313,268 1,508,862 Deferred transaction costs and Notes discount (98,350) (118,537) Long-term debt $ 1,214,918 $ 1,390,325 Current portion of long-term debt $ 52,904 $ 27,088 Non-current 1,162,014 1,363,237 Long-term debt $     1,214,918 $     1,390,325 The weighted average interest rate on the Revolving Credit Facility for the year ended December 31, 2023 was 7.7 percent (December 31, 2022 – 7.0 percent), and the weighted average interest rate on the Term Loan for the year ended December 31, 2023 was 9.0 percent (December 31, 2022 – 7.8 percent). At December 31, 2023 without considering renewal at similar terms, the Canadian dollar equivalent principal payments due over the next five years are $1,313 million, and nil thereafter.

Lease Liabilities - (Tables)

Lease Liabilities - (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of quantitative information about leases for lessee [abstract]
Summary of lease liabilites	December 31, 2023 2022 Opening balance $ 93,033 $ 57,014 Acquisition (Note 6) - 39,845 Additions 44,583 9,977 Lease interest 6,789 3,398 Payments made against lease liabilities (27,211) (19,156) Transfer to liabilities associated with assets held for sale (Note 10) (6,209) - Lease measurement adjustment (6,781) - Currency translation effects and other (3,492) 1,955 Closing balance $ 100,712 $ 93,033 Current portion of lease liabilities $ 25,453 $ 20,125 Non-current 75,259 72,908 Lease liabilities $    100,712 $    93,033
Summary of Future minimum lease payments under non-cancellable leases were as follows	Future minimum lease payments under non-cancellable December 31, 2023  2024 $ 29,346 2025 26,384 2026 19,475 2027 15,348 2028 24,537 Thereafter 7,569 $ 122,659 Less: Imputed interest 21,886 Short-term leases 59 Low-value 2 Lease liabilities $     100,712

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Taxes [Abstract]
Disclosure of components of income tax expense [Table Text Block]	The components of income taxes were as follows: Years ended December 31, 2023 2022 Current income taxes $ 53,259 $ 17,945 Deferred income taxes (10,863) 3,265 Income taxes $    42,396 $    21,210
Disclosure of Reconciliation of Tax Expense Explanatory [Table Text Block]	The provision for income taxes differs from that which would be expected by applying Canadian statutory rates. A reconciliation of the difference is as follows: Years ended December 31, 2023 2022 Loss before income taxes $ (68,528) $ (79,733) Canadian statutory rate 23.5% 23.4% Expected income tax provision $ (16,104) $ (18,658) Add (deduct): Change in unrecognized deferred tax asset 21,128 27,664 Exchange rate effects on tax basis 23,493 (2,223) Impairment of goodwill 20,484 11,232 Earnings taxed in foreign jurisdictions 2,063 543 Amounts not deductible (taxable) for tax purposes (8,869) 4,373 Impact of accounting for associates and joint ventures (579) (1,104) Other 780 (617) Income taxes $    42,396 $    21,210
Disclosure of IncomeTax Relating To Components Of Other Comprehensive Income Explanantory	Years ended December 31, 2023 2022 Deferred Tax Arising on income and expenses recognized in other comprehensive income: Fair value remeasurement of hedging instruments entered into for cash flow hedges $ 118 $ (55) Arising on income and expenses reclassified from other comprehensive income to net earnings: Relating to cash flow hedges (11) 59 Total income tax recognized in other comprehensive income $    107 $     4
Disclosure of temporary difference, unused tax losses and unused tax credits [text block]	Deferred tax assets and liabilities arise from the following: Accounting Tax losses Long-term Exchange rate Cash flow Total 1 December 31, 2022 $ 4,356 $ 56,497 $ (111,777) $ (15,769) $ - $ (66,693) Charged to net earnings 30,159 (19,678)    22,226    (21,737)    (107)    10,863 Charged to OCI - - - - 107 107 Exchange differences 1,474 237 (3,419) (1,551) - (3,259) December 31, 2023 $    35,989 $    37,056 $ (92,970) $ (39,057) $ - $ (58,982) 1 Accounting Tax Long-term Other Exchange Cash flow Total 1,2 December 31, 2021 $ 7,022 $ 6,519 $ (86,255) $ 511 $ (10,476) $ - $ (82,679) Acquisition (Note 6) 2 4,750 49,513 (24,033) - (6,538) - 23,692 Charged to net earnings (7,467) 1,325 1,022 - 1,859  (4) (3,265) Charged to OCI - - - - - 4 4 Exchange differences 51 (860) (2,511)  (511) (614) - (4,445) December 31, 2022 $  4,356 $  56,497 $  (111,777) $ - $  (15,769) $ - $  (66,693) 1 2 re-presented
Disclosure of Deductible temporary differences of income tax Expenses [Table Text Block]	The deductible temporary differences consist of: Years ended December 31, 2023 2022 1 Canadian: Tax losses $ 336,414 $ 215,703 Long-term assets 667 23,896 Accounting provisions and other accruals 20,092 29,143 Foreign 2 Tax losses 910,300 975,297 Long-term assets (53,940) (53,830) Accounting provisions and other accruals (3,718) (11,145) Total unrecognized deferred tax assets $   1,209,815 $   1,179,064 1 2

Share Capital Authorized (Table

Share Capital Authorized (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of classes of share capital [abstract]
Summary of Issues and Outsatnding	Issued and Outstanding 2023 2022 December 31, Number of Common Number of Common Opening balance 123,739,020 $ 589,827 89,678,845 $ 375,524 Issued on Acquisition (Note 6) - - 34,013,055 213,942 Exercise of stock options 217,845 1,771 47,120 361 Closing balance   123,956,865 $   591,598   123,739,020 $   589,827

Contributed Surplus (Tables)

Contributed Surplus (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of Contribution surplus [Abstract]
Summary of Contribution surplus	Contributed surplus consists of accumulated stock option expense less the fair value of the options at the grant date that have been exercised and reclassified to share capital. Changes in contributed surplus were as follows: December 31, 2023 2022 Opening balance $ 660,072 $ 658,615 Share-based compensation 450 1,558 Exercise of stock options (492) (101) Closing balance $   660,030 $   660,072

Revenue - (Tables)

Revenue - (Tables)	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Disclosure of disaggregation of revenue from contracts with customers [text block]	Years ended December 31, 2023 2022 Energy Infrastructure 1 $ 777,702 $ 381,087 After-Market Services 652,198 443,660 Engineered Systems 1,732,195 953,051 Total revenue $   3,162,095 $   1,777,798 1 Revenue by geographic location, which is attributed by destination of sale, was as follows: Years ended December 31, 2023 2022 United States of America $ 1,347,408 $ 890,899 Canada 350,490 261,865 Nigeria 232,481 18,420 Oman 221,538 119,906 Argentina 220,608 80,524 Iraq 193,789 25,917 Bahrain 127,009 85,540 Brazil 102,164 45,367 Australia 85,515 65,618 Mexico 84,400 64,325 Thailand 40,037 11,523 Colombia 28,977 21,278 Other 127,679 86,616 Total revenue $   3,162,095 $   1,777,798
Disclosure of performance obligations [text block]	The following table outlines the Company’s unsatisfied performance obligations, by product line, as at December 31, 2023: Less than one year One to two years Greater than two years Total Energy Infrastructure $ 537,622 $ 474,220 $ 1,236,395 $ 2,248,237 After-Market Services 90,047 50,023 138,850 278,920 Engineered Systems 1,277,348 201,384 20,312 1,499,044 $   1,905,017 $   725,627 $   1,395,557 $   4,026,201

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Summary of Share-based Compensation Expenses	The share-based compensation expense included in the determination of net earnings was: Years ended December 31, 2023 2022 Equity-settled share-based payments $ 450 $ 1,558 Deferred share units (1,713) 3,622 Phantom share entitlement plan (187) 117 Performance share units (442) 4,172 Restricted share units 6,764 4,454 Cash performance target    2,780    2,239 Share-based compensation expense $ 7,652 $ 16,162
Summary of Equity-Settled Share-Based Payments	(b) Equity-Settled Share-Based Payments 2023 2022 Years ended December 31, Number of options Weighted Number of Weighted Options outstanding, beginning of period 3,089,229 $ 10.77 4,456,444 $ 11.66 Exercised 1 (217,845) 5.87 (47,120) 5.51 Forfeited (318,840) 9.54 (27,286) 13.51 Expired (254,569) 13.32 (1,292,809) 13.98 Options outstanding, end of period 2,297,975 $ 11.12 3,089,229 $ 10.77 Options exercisable, end of period 1,589,639 $    12.52 1,671,421 $    12.48 1
Summary of Options Outstanding and Exercisable	The following table summarizes options outstanding and exercisable at December 31, 2023: Options Outstanding Options Exercisable Range of exercise prices 1 Number Weighted Weighted Number Weighted Weighted $5.51 – $6.68 517,559 3.62 $ 5.51 250,394 3.62 $ 5.51 $6.69 – $14.75 1,142,861 3.54 10.95 701,690 3.21 11.89 $14.76 – $16.12 637,555 1.21 15.97 637,555 1.21 15.97 Total  2,297,975    2.91 $   11.12  1,589,639    2.47 $   12.52
Deferred share units [member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Summary of Share Units	Number of DSUs Weighted average grant DSUs outstanding, January 1, 2022 1,625,513 $ 10.16 Granted 314,208 7.44 In lieu of dividends 20,817 7.65 Vested (400,428) 6.75 DSUs outstanding, December 31, 2023     1,560,110 $         10.45
Phantom Share Entitlement Plan [member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Summary of Share Units	Number of PSEs Weighted average grant PSEs outstanding, December 31, 2022 200,251 $ 12.21 Exercised (13,941) 5.51 Expired (27,397) 13.27 PSEs outstanding, December 31, 2023     158,913 $         12.61
Performance share units [member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Summary of Share Units	Number of TSX Canadian Number of NYSE PSUs outstanding, December 31, 2022 1,641,746 $    8.51 - $    - Granted 341,072 8.40 271,566 6.24 In lieu of dividends 19,150 7.81 1,163 4.30 Vested (227,074) 9.25 - - Forfeited (563,999) 6.21 - - PSUs outstanding, December 31, 2023 1,210,895 $ 9.40 272,729 $ 6.23
Restricted share units [member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Summary of Share Units	Number of TSX Canadian Number of NYSE RSUs outstanding, December 31, 2022 2,001,833 $ 6.90 - $ - Granted 1,069,821 8.53 799,191 6.27 In lieu of dividends 24,121 7.71 3,596 4.46 Vested (933,104) 8.87 (16,388) 6.83 Forfeited (389,079) 7.17 (57,808) 6.36 RSUs outstanding, December 31, 2023 1,773,592 $ 6.79 728,591 $ 6.24

Retirement Benefits Plan (Table

Retirement Benefits Plan (Tables)	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Summary of defined contribution plans	Years ended December 31, 2023 2022 Defined contribution plans $ 6,780 $ 5,169 401(k) matched savings plan 7,238 4,110 Net pension expense $ 14,018 $ 9,279

Finance Costs And Income (Table

Finance Costs And Income (Tables)	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Summary of finance costs and Iincome Explanatory	Years ended December 31, 2023 2022 Finance Costs Short and long-term borrowings 1 $    152,005 $    46,009 Interest on lease liability 6,789 3,398 Total finance costs $ 158,794 $ 49,407 Finance Income Interest income $ 32,402 $ 10,484 Net finance costs $ 126,392 $ 38,923 1

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Summary of Earnings Per Share	Year ended December 31, 2023 Net loss Weighted average Per share Basic $     (110,924 123,834,242 $    (0.90) Dilutive effect of stock option conversion - - - Diluted $ (110,924) 123,834,242 $ (0.90)  Year ended December 31, 2022 Net loss Weighted average Per share Basic $    (100,943) 97,045,917 $    (1.04) Dilutive effect of stock option conversion - - - Diluted $ (100,943) 97,045,917 $ (1.04)

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about financial instruments [abstract]
Summary of detailed information about financial instruments	The Company has designated ifs financial instruments as follows:  December 31, 2023 Carrying  value Estimated fair value Financial Assets Cash and cash equivalents $   126,089 $    126,089 Short-term investments 14,425 14,425 Derivative instruments in designated hedge accounting relationships 594 594 Loans and receivables: Accounts receivable 525,854 525,854 Financial Liabilities Derivative instruments in designated hedge accounting relationships 1,019 1,019 Other financial liabilities: Accounts payable and accrued liabilities 561,120 561,120 Other current liabilities 7,936 7,936 Long-term debt – Revolving Credit Facility 314,705 314,705 Long-term debt – Term Loan 171,938 171,938 Long-term debt – Notes 826,625 823,198 Other long-term liabilities 18,070 18,070  December 31, 2022 Carrying  value Estimated fair value Financial Assets Cash and cash equivalents $    253,776 $    253,776 Derivative instruments in designated hedge accounting relationships 901 901 Loans and receivables: Accounts receivable 455,841 455,841 Preferred shares receivable 27,954 28,702 Financial Liabilities Derivative instruments in designated hedge accounting relationships 977 977 Other financial liabilities: Accounts payable and accrued liabilities 628,086 628,086 Long-term debt – Revolving Credit Facility 459,202 459,202 Long-term debt – Term Loan 203,160 203,160 Long-term debt – Notes 846,500 869,288 Other long-term liabilities 21,757 21,757
Summary of fair value measurement of financial assets and financial liabilities	Carrying Fair Value Level 1 Level 2 Level 3 Financial Assets Short-term investments $    14,425 $    - $    14,425 $    - Derivative financial instruments 594 - 594 - Financial Liabilities Derivative financial instruments $ 1,019 $ - $ 1,019 $ - Long-term debt – Notes 826,625 - 823,198 -
Summary of detailed information about hedging instruments	The following table summarizes the Company’s commitments to buy and sell foreign currencies as at December 31, 2023: Notional amount Maturity Canadian Dollar Denominated Contracts Purchase contracts USD $      30,780 January 2024 –December 2024 Sales contracts USD (21,321) January 2024 –November 2024
Summary of earnings before tax due to weakening of foreign currency	Canadian dollar weakens by five percent USD AUD BRL Earnings from foreign operations Earnings before income taxes $    5,920 $     28 $    (1,726)
Summary of sensitivity analysis of fair value measurement to changes in unobservable inputs, liabilities	The following table shows the Company’s sensitivity to a five percent weakening of the Canadian dollar against the U.S. dollar, Australian dollar, and Brazilian real. A five percent strengthening of the Canadian dollar would have an equal and opposite effect. This sensitivity analysis relates to the position as at December 31, 2023 and for the year then ended.  Canadian dollar weakens by five percent USD AUD BRL Financial instruments held in foreign operations Other comprehensive income $    12,446 $    639 $    246 Financial instruments held in Canadian operations Earnings before income taxes $ (10,042) $ - $ -
Summary of maturity analysis for derivative and non derivative financial liabilities	A liquidity analysis of the Company’s financial instruments has been completed on a maturity basis. The following table outlines the cash flows, including interest associated with the maturity of the Company’s financial liabilities, as at December 31, 2023:   ($ thousands) Less than 3 3 months to Greater Total Derivative financial instruments Foreign currency forward contracts $     596 $     423 $     - $     1,019 Accounts payable and accrued liabilities 561,120 - - 561,120 Other current liabilities 7,936 - - 7,936 Long-term debt – Revolving Credit Facility - - 314,705 314,705 Long-term debt – Term Loan 13,226 39,678 119,034 171,938 Long-term debt – Notes - - 826,625 826,625 Other long-term liabilities - - 18,070 18,070
Summary of maturity analysis for financial assets held for managing liquidity risk	($ thousands) December 31, 2023 Cash and cash equivalents $    126,089 Short-term investments 14,425 Total Revolving Credit Facility (US$700,000) 925,820 Less: Drawings on the Revolving Credit Facility 314,705 Letters of Credit 1 137,982 Available for future drawings $ 613,647 1

Capital Disclosures (Tables)

Capital Disclosures (Tables)	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Disclosure of Reconciliation of Net debt to EBITDA ratio [Table Text Block]	The capital structure of the Com pan   2023 2022 Long-term debt $    1,214,918 $    1,390,325 Cash and cash equivalents (126,089) (253,776 ) Net debt $ 1,088,829 $ 1,136,549 Total shareholders’ equity 1,394,022 1,542,908 Total capital $ 2,482,851 $ 2,679,457

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information - (Tables)	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Disclosure of Changes in Working Capital and Other	Changes in working capital and other during the period:  Years ended December 31, 2023  2022  Accounts receivable $    (70,013)  $    (56,861)  Contract assets 55  (45,169)  Inventories (20,100)  (78,697)  Work-in-progress 41,986  (5,817)  Finance leases receivable 24,965  (81,049)  Income taxes receivable 6,307  3,097  Prepayments (5,181)  (35,198)  Net assets held for sale (2,906)  -  Long-term receivables related to preferred shares 27,954  -  Accounts payable and accrued liabilities and provisions 1 (42,586)  77,875  Income taxes payable (556)  (11,042)  Deferred revenue 22,336  179,497  Other current liabilities 7,936  -  Foreign currency and other 23,530  (17,954)  Net change in working capital and other $ 13,727  $ (71,318)  1 Cash interest and cash taxes paid and received during the period:  Years ended December 31, 2023  2022   Interest paid – short- and long-term borrowings $    143,114  $    29,640  Interest paid – lease liabilities 6,789  3,398  Total interest paid $ 149,903  $ 33,038  Interest received 36,168  1,269  Taxes paid 56,644  27,813  Taxes received 1,024  5,399
Disclosure of reconciliation of liabilities arising from financing activities [text block]	Changes in liabilities arising from financing activities during the period:   2023 2022   Long-term debt, opening balance $    1,390,325  $    331,422  Debt assumed on Acquisition (Note 6) -  1,022,112  Changes from financing cash flows (164,089)  90,973  The effect of changes in foreign exchange rates (31,557)  (4,099)  Amortization of deferred transaction costs 14,488  4,046  Accretion of Notes discount 10,635  2,070  Debt transaction costs (4,884)  (56,199)  Long-term debt, closing balance $ 1,214,918  $ 1,390,325

Guarantees,Commitments,And Cont

Guarantees,Commitments,And Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of Companys purchase obligations of future period [Abstract]
Summary of Companys purchase obligations of future period	The Company has purchase obligations over the next three years as follows: 2024 $     528,003  2025 22,047  2026 937

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Summary of Remuneration of Directors and Other Key Management Personnel	Remuneration of directors and executive management is determined by the Board having consideration of overall performance of individuals and market trends. Information on key management compensation is shown below:  Years ended December 31, 2023  2022   Salaries, Director fees and other short-term benefits $    5,580  $    6,350  Post-employment compensation 1 690  721  Share-based payments 8,446  8,315  1
Summary of Financial Statement Impacts of all Transactions with Related Parties	A summary of the financial statement impacts of all transactions with all related parties is as follows:  Years ended December 31, 2023  2022   Associate – Roska DBO Revenue $    2,543  $    1,755  Purchases -  4  Accounts receivable 12  22  All related party transactions are settled in cash. There were no

Segmented Information (Tables)

Segmented Information (Tables)	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Summary of detailed information about geographical areas	The following tables provide certain financial information by the Company’s reporting segments. Revenues and Operating Income Years ended December 31, North America Latin America Eastern Hemisphere Total 2023  2022   2023  2022  2023  2022  2023  2022  Segment revenue $  1,939,778  $  1,303,885  $  473,824  $  221,628  $  792,716  $  349,247  $  3,206,318  $  1,874,760  Intersegment revenue (33,168)  (93,778)  (1,295)  (434)  (9,760)  (2,750)  (44,223)  (96,962)  Revenue $ 1,906,610  $ 1,210,107  $ 472,529  $ 221,194  $ 782,956  $ 346,497  $ 3,162,095  $ 1,777,798  EI 171,276  141,900  335,532  129,723  270,894  109,464  777,702  381,087  AMS 385,814  298,333  76,792  38,057  189,592  107,270  652,198  443,660  ES 1,349,520  769,874  60,205  53,414  322,470  129,763  1,732,195  953,051  Gross Margin 364,497  195,503  115,569  50,015  137,080  77,198  617,146  322,716  SG&A 194,870  179,862  71,538  47,379  129,467  74,001  395,875  301,242  Foreign exchange loss 398  872  58,398  17,290  137  1,040  58,933  19,202  Operating income (loss) $ 169,229  $ 14,769  $ (14,367)  $ (14,654)  $ 7,476  $ 2,157  $ 162,338  $ 2,272  Segment Assets North America Latin America Eastern Hemisphere Total As at December 31, 2023  2022 1   2023  2022 1   2023  2022 1   2023  2022 1   Segment assets $  1,606,304  $  1,602,755  $  631,577  $  829,676  $  1,099,817  $ 828,517  $  3,337,698  $  3,260,948  Goodwill 2 220,657  224,992  -  89,264  351,153  360,140  571,810  674,396  Corporate -  -  -  -  -  -  2,472  322,724  Total segment assets $ 1,826,961  $ 1,827,747  $ 631,577  $ 918,940  $ 1,450,970  $ 1,188,657  $ 3,911,980  $ 4,258,068  1 re-presented 2

Nature And Description Of The_3

Nature And Description Of The Company - Summary of Nature And Description Of The Company (Detail)	12 Months Ended
	Dec. 31, 2023
CANADA | Parent [member] | Enerflex Ltd [Member]
Disclosure of subsidiaries [line items]
Name	Enerflex Ltd.
UNITED STATES | Subsidiaries [member] | Enerflex Energy Systems Inc [Member]
Disclosure of subsidiaries [line items]
Ownership	100%
Name of subsidiary	Enerflex Energy Systems Inc.
UNITED STATES | Subsidiaries [member] | Enerflex US Holdings Inc [Member]
Disclosure of subsidiaries [line items]
Jurisdiction of Incorporation	Delaware, USA
Ownership	100%
Name of subsidiary	Enerflex US Holdings Inc.	[1]
UNITED STATES | Subsidiaries [member] | Exterran Energy Solutions LP [Member]
Disclosure of subsidiaries [line items]
Jurisdiction of Incorporation	Delaware, USA
Ownership	100%
Name of subsidiary	Exterran Energy Solutions, LP
OMAN | Subsidiaries [member] | Enerflex Middle East LLC [Member]
Disclosure of subsidiaries [line items]
Jurisdiction of Incorporation	Oman
Ownership	70%	[2]
Name of subsidiary	Enerflex Middle East LLC
OMAN | Subsidiaries [member] | Exterran Middle East LLC [Member]
Disclosure of subsidiaries [line items]
Jurisdiction of Incorporation	Oman
Ownership	100%
Name of subsidiary	Exterran Middle East LLC
NETHERLANDS | Subsidiaries [member] | Enerflex Holding Company NL BV [Member]
Disclosure of subsidiaries [line items]
Jurisdiction of Incorporation	Netherlands
Ownership	100%
Name of subsidiary	Enerflex Holding Company NL B.V.
AUSTRALIA | Subsidiaries [member] | Enerflex Energy Systems Australia PTY Ltd [Member]
Disclosure of subsidiaries [line items]
Jurisdiction of Incorporation	Australia
Ownership	100%
Name of subsidiary	Enerflex Energy Systems (Australia) PTY Ltd.
BARBADOS | Subsidiaries [member] | Enerflex International Holdings Ltd [Member]
Disclosure of subsidiaries [line items]
Jurisdiction of Incorporation	Barbados
Ownership	100%
Name of subsidiary	Enerflex International Holdings Ltd.
BAHRAIN | Subsidiaries [member] | Enerflex Middle East SPC [Member]
Disclosure of subsidiaries [line items]
Jurisdiction of Incorporation	Bahrain
Ownership	100%
Name of subsidiary	Enerflex Middle East WLL
Operating segments [member] | CANADA | Parent [member] | Enerflex Ltd [Member]
Disclosure of subsidiaries [line items]
Jurisdiction of Incorporation	Canada
Ownership	Public Shareholders
Operating Segment	North America
Operating segments [member] | UNITED STATES | Subsidiaries [member] | Enerflex Energy Systems Inc [Member]
Disclosure of subsidiaries [line items]
Jurisdiction of Incorporation	Delaware, USA
Operating Segment	North America
Operating segments [member] | UNITED STATES | Subsidiaries [member] | Enerflex US Holdings Inc [Member]
Disclosure of subsidiaries [line items]
Operating Segment	North America
Operating segments [member] | UNITED STATES | Subsidiaries [member] | Exterran Energy Solutions LP [Member]
Disclosure of subsidiaries [line items]
Operating Segment	North America
Operating segments [member] | OMAN | Subsidiaries [member] | Enerflex Middle East LLC [Member]
Disclosure of subsidiaries [line items]
Operating Segment	Eastern Hemisphere
Operating segments [member] | OMAN | Subsidiaries [member] | Exterran Middle East LLC [Member]
Disclosure of subsidiaries [line items]
Operating Segment	Eastern Hemisphere
Operating segments [member] | NETHERLANDS | Subsidiaries [member] | Enerflex Holding Company NL BV [Member]
Disclosure of subsidiaries [line items]
Operating Segment	Eastern Hemisphere
Operating segments [member] | AUSTRALIA | Subsidiaries [member] | Enerflex Energy Systems Australia PTY Ltd [Member]
Disclosure of subsidiaries [line items]
Operating Segment	Eastern Hemisphere
Operating segments [member] | BARBADOS | Subsidiaries [member] | Enerflex International Holdings Ltd [Member]
Disclosure of subsidiaries [line items]
Operating Segment	Eastern Hemisphere
Operating segments [member] | BAHRAIN | Subsidiaries [member] | Enerflex Middle East SPC [Member]
Disclosure of subsidiaries [line items]
Operating Segment	Eastern Hemisphere
[1]Formerly named Exterran Corporation.[2]Enerflex indirectly owns 100 percent of Enerflex Middle East LLC.

Nature And Description Of The_4

Nature And Description Of The Company - Summary of Nature And Description Of The Company (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2023
Subsidiaries [member] | Enerflex Middle East LLC [Member]
Disclosure of subsidiaries [line items]
Proportion of indirect ownership interest in subsidiary	100%

Nature And Description Of The_5

Nature And Description Of The Company - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2023 $ / Employees $ / Segments
Disclosure of subsidiaries [line items]
Address of entity registered office	904, 1331 Macleod Trail SE, Calgary, Alberta, Canada
Number of employees | $ / Employees	4,800
Number of operating segments | $ / Segments	3

Basis Of Presentation - Additio

Basis Of Presentation - Additional Information (Detail) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statements [Line Items]
Date of authorisation for issue of financial statements	Feb. 28, 2024
Description of presentation currency	Canadian dollars
Foreign exchange gain loss	$ (58,933)	$ (19,202)
Selling, general and administrative expenses	$ 395,875	$ 301,242
Previously stated [member] | Selling General and Administration Expenses Including Foreign Exchange Gain Loss [Member]
Statements [Line Items]
Selling, general and administrative expenses			$ 320,000

Summary Of Material Accountin_4

Summary Of Material Accounting Policies - Summary of Property, Plant And Equipment (Detail)	12 Months Ended
	Dec. 31, 2023
Bottom of range [member] | Buildings [member]
Disclosure of detailed information about property, plant and equipment [line items]
Estimated Useful Life Range	5 years
Bottom of range [member] | Equipment [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Estimated Useful Life Range	2 years
Top of range [member] | Buildings [member]
Disclosure of detailed information about property, plant and equipment [line items]
Estimated Useful Life Range	20 years
Top of range [member] | Equipment [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Estimated Useful Life Range	20 years

Summary Of Material Accountin_5

Summary Of Material Accounting Policies - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2023
Stock Options Equity Settled Share Based Payments [Member]
Statements [Line Items]
Description of vesting requirements for share based payment arrangement	over a five-year
Description of maximum term of options granted for share based payment arrangement	seven-year
Number of days proceeding the date of the grant	5 days
Phantom Share Entitlement [Member]
Statements [Line Items]
Description of vesting requirements for share based payment arrangement	over a five-year
Description of maximum term of options granted for share based payment arrangement	seventh anniversary
Number of days proceeding the date of the grant	5 days
Bottom of range [member]
Statements [Line Items]
Rental equipment useful life	5 years
Estimated useful life of the overhaul	2 years
Useful life measured as period of time, Intangible assets other than goodwill	2 years
Top of range [member]
Statements [Line Items]
Rental equipment useful life	20 years
Estimated useful life of the overhaul	5 years
Useful life measured as period of time, Intangible assets other than goodwill	11 years
Joint ventures [member]
Statements [Line Items]
Proportion of ownership interest in joint venture	65%
Roska DBO [Member]
Statements [Line Items]
Proportion of ownership interest in associate	45%

Changes in Accounting Policies

Changes in Accounting Policies - Additional Information (Detail) - CAD ($) $ in Thousands	8 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Disclosure of disaggregation of revenue from contracts with customers [line items]
Average effective tax rate		8.50%	8.40%
Profit (loss) before tax		$ (68,528)	$ (79,733)
UAE And Bahrain [Member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Average effective tax rate		0%
Profit (loss) before tax		$ 37,000
Excluding UAE And Bahrain [Member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Minimum tax rate percentage	15%
Bottom of range [member] | Subsidiaries [member] | Excluding UAE And Bahrain [Member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Average effective tax rate	15%

Acquisition - Summary of the Id

Acquisition - Summary of the Identifiable Assets Acquired and Liabilities (Detail) $ in Thousands	Oct. 13, 2022 CAD ($)
Share consideration
Shares exchanged	$ 213,942
Fair value of vested stock-based compensation	8,641	[1]
Total purchase consideration	222,583
Identifiable Assets Acquired and Liabilities Assumed
Net working capital	63,290
Property, plant and equipment	60,395
Energy infrastructure assets	568,550
Contract assets	217,585
Finance leases receivables	77,578
Intangible assets	102,789
Other long-term assets	69,024
Long-term debt	(1,019,436)
Other long-term liabilities	(51,636)
Total net identifiable assets	88,139
Goodwill	134,444
Preliminary Valuation [Member]
Share consideration
Shares exchanged	213,942
Fair value of vested stock-based compensation	8,641	[1]
Total purchase consideration	222,583
Identifiable Assets Acquired and Liabilities Assumed
Net working capital	56,715
Property, plant and equipment	60,395
Energy infrastructure assets	581,338
Contract assets	217,585
Finance leases receivables	77,578
Intangible assets	102,789
Other long-term assets	66,602
Long-term debt	(1,019,436)
Other long-term liabilities	(60,408)
Total net identifiable assets	83,158
Goodwill	$ 139,425
[1]Included in the fair value of vested stock-based compensation is $2 million of cash payments to Exterran stockholders that held fractional shares on the date of acquisition.

Acquisition - Summary of the _2

Acquisition - Summary of the Identifiable Assets Acquired and Liabilities (Parenthetical) (Detail) $ in Millions	Oct. 13, 2022 CAD ($)
Exterran Corporation [Member]
Disclosure of detailed information about business combination [line items]
Cash transferred	$ 2

Acquisition - Additional Inform

Acquisition - Additional Information (Detail) - CAD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Sep. 30, 2023	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Oct. 13, 2022
Disclosure of detailed information about business combination [line items]
Goodwill acquired during the period net of adjustments	$ 134,000
Decrease in goodwill on account of purchase price allocation	5,000
Decrease in goodwill as a result in adjustment to purchase price allocation	15,000
Adjustment to purchase price allocation increase to accrued liabilities	2,000
Adjustment to purchase price allocation decrease to current tax assets	10,000
Adjustment to purchase price allocation decrease to deferred tax assets	$ 7,000
Adjusted purchase price allocation increase in goodwill		$ 10,000
Adjusted purchase price allocation increase in deferred tax assets		4,000
Adjusted purchase price allocation decrease in net working capital		1,000
Adjusted purchase price allocation energy infrastructure assets		$ 13,000
Consideration transferred, acquisition-date fair value					$ 222,583
Amounts Recognised for Transaction Recognised Separately from Acquisition of Assets and Assumption of Liabilities in Business Combination			$ 61,000	$ 71,000
Exterran Corporation
Disclosure of detailed information about business combination [line items]
Consideration transferred, acquisition-date fair value					$ 223,000

Cash and Cash Equivalents - Dis

Cash and Cash Equivalents - Disclosure of Cash and Cash Equivalents (Detail) - CAD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Cash and cash equivalents [abstract]
Cash	$ 122,271	$ 253,776
Money market fund	3,818	0
Cash and cash equivalents	$ 126,089	$ 253,776	[1]	$ 172,758
[1]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments for the acquisition of Exterran as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Accounts Receivable And Contr_3

Accounts Receivable And Contract Assets - Summary of Accounts Receivables (Detail) - CAD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	[1]
Disclosure Of Trade And Other Receivables [Line Items]
Trade receivables	$ 529,550	$ 457,850
Less: allowance for doubtful accounts	(12,539)	(7,652)
Trade receivables, net	517,011	450,198
Other receivables	8,843	5,643
Total accounts receivable	$ 525,854	$ 455,841	[2]
[1]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments related to the Transaction as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.[2]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments for the acquisition of Exterran as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Accounts Receivable And Contr_4

Accounts Receivable And Contract Assets - Summary of Aging of Trade Receivables (Detail) - CAD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Aging Of Trade Receivables [Line Items]
Trade receivables	$ 529,550	$ 457,850	[1]
Current to 90 days [Member]
Disclosure Of Aging Of Trade Receivables [Line Items]
Trade receivables	440,459	405,196
Over 90 days [Member]
Disclosure Of Aging Of Trade Receivables [Line Items]
Trade receivables	$ 89,091	$ 52,654
[1]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments related to the Transaction as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Accounts Receivable And Contr_5

Accounts Receivable And Contract Assets - Summary of Movement in Allowance For Doubtful Accounts (Detail) - Trade receivables [member] - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of financial assets [line items]
Beginning balance	$ 7,652	$ 10,334
Impairment provision additions on receivables	1,858	628
Amounts settled and derecognized during the year	2,582	3,499
Currency translation effects	447	189
Ending balance	$ 12,539	$ 7,652

Accounts Receivable And Contr_6

Accounts Receivable And Contract Assets - Summary of Movement in Contract Assets (Detail) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Text Block 1 [Abstract]
Beginning balance	$ 409,438	$ 82,760
Acquisition	0	281,509
Unbilled revenue recognized	1,364,706	559,229
Amounts billed	(1,354,908)	(517,828)
Currency translation effects	(9,853)	3,768
Ending balance	409,383	409,438
Current contract assets	230,455	186,259	[1]
Non-current contract assets	178,928	223,179	[1]
Contract assets	$ 409,383	$ 409,438
[1]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments for the acquisition of Exterran as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Inventories - Summary Of Detail

Inventories - Summary Of Detailed Information About Inventories (Detail) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Classes of current inventories [abstract]
Direct materials	$ 92,132	$ 107,575
Repair and distribution parts	152,282	136,876
Work-in-progress	119,254	98,297
Equipment	25,730	26,550
Total inventories	389,398	369,298	[1]
Work-in-progress related to finance leases	$ 0	$ 41,986
[1]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments for the acquisition of Exterran as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Inventories - Additional Inform

Inventories - Additional Information (Detail) - CAD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Text Block 1 [Abstract]
Cost of inventories recognised as expense	$ 2,545	$ 1,455
Inventory write down	1	2
Finance leases related to inventory	$ 5	$ 75

Assets and Liabilities Classi_3

Assets and Liabilities Classified as Held for Sale - Disclosure of Assets and Liabilities Held for Sale (Detail) $ in Thousands	Dec. 31, 2023 CAD ($)
Assets classified as held for sale:
Cash and cash equivalents	$ 3,319
Lease ROU assets	5,906
Total assets classified as held for sale	9,225
Liabilities associated with assets classified as held for sale:
Accounts payable and accrued liabilities	110
Lease liabilities	6,209
Total liabilities associated with assets classified as held for sale	$ 6,319

Property, Plant And Equipment_3

Property, Plant And Equipment And Energy Infrastructure Assets - Summary Of Property Plant And Equipment And Rental Equipment (Detail) - CAD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about property, plant and equipment [line items]
Beginning Balance	[1]	$ 152,505
Ending Balance		136,472	$ 152,505	[1]
Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning Balance		270,242	199,992
Acquisition			60,395
Additions		21,818	8,043
Reclassification		(1,074)	(407)
Disposals		(25,719)	(3,031)
Reclassified to assets held for sale		(8,211)
Currency translation effects		(6,440)	5,250
Ending Balance		250,616	270,242
Accumulated depreciation and amortisation [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning Balance		(117,737)	(103,578)
Depreciation charge		(26,866)	(15,557)
Disposals		(16,059)	(2,814)
Reclassified to assets held for sale		(8,211)
Currency translation effects		6,189	(1,416)
Ending Balance		(114,144)	(117,737)
Energy infrastructure assets [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning Balance	[2]	1,237,550
Ending Balance		1,143,668	1,237,550	[2]
Energy infrastructure assets [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning Balance	[2]	1,529,166	839,734
Acquisition	[2]		568,550
Additions		121,160	107,797	[2]
Disposals		(96,788)	(23,233)	[2]
Currency translation effects		(42,815)	36,318	[2]
Ending Balance		1,510,723	1,529,166	[2]
Energy infrastructure assets [member] | Accumulated depreciation and amortisation [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning Balance	[2]	(291,616)	(229,406)
Depreciation charge		(171,932)	(83,289)	[2]
Impairment		(1,726)	(1,233)	[2]
Disposals		(73,393)	(9,671)	[2]
Currency translation effects		24,826	12,641	[2]
Ending Balance		(367,055)	(291,616)	[2]
Land [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning Balance		23,559
Ending Balance		22,646	23,559
Land [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning Balance		23,559	18,411
Acquisition			4,237
Additions		0
Reclassification		120
Disposals		(612)	(6)
Currency translation effects		(421)	917
Ending Balance		22,646	23,559
Buildings [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning Balance		92,734
Ending Balance		81,175	92,734
Buildings [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning Balance		151,400	114,021
Acquisition			31,864
Additions		376	6
Reclassification		2,985	885
Disposals		(7,979)	(1,100)
Reclassified to assets held for sale		(5,880)
Currency translation effects		(3,990)	5,724
Ending Balance		136,912	151,400
Buildings [member] | Accumulated depreciation and amortisation [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning Balance		(58,666)	(50,087)
Depreciation charge		(9,901)	(7,205)
Disposals		(4,774)	(987)
Reclassified to assets held for sale		(5,880)
Currency translation effects		2,176	(2,361)
Ending Balance		(55,737)	(58,666)
Equipment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning Balance		31,627
Ending Balance		23,787	31,627
Equipment [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning Balance		90,698	64,492
Acquisition			22,952
Additions		2,402	2,001
Reclassification		13,340	4,022
Disposals		(17,128)	(1,925)
Reclassified to assets held for sale		(2,331)
Currency translation effects		(4,787)	(844)
Ending Balance		82,194	90,698
Equipment [member] | Accumulated depreciation and amortisation [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning Balance		(59,071)	(53,491)
Depreciation charge		(16,965)	(8,352)
Disposals		(11,285)	(1,827)
Reclassified to assets held for sale		(2,331)
Currency translation effects		4,013	945
Ending Balance		(58,407)	(59,071)
Assets under construction [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning Balance		4,585
Ending Balance		8,864	4,585
Assets under construction [member] | Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Beginning Balance		4,585	3,068
Acquisition			1,342
Additions		19,040	6,036
Reclassification		(17,519)	(5,314)
Currency translation effects		2,758	(547)
Ending Balance		$ 8,864	$ 4,585
[1]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments for the acquisition of Exterran as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.[2]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments related to the Transaction as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Property, Plant And Equipment_4

Property, Plant And Equipment And Energy Infrastructure Assets - Additional Information (Detail) - CAD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Energy infrastructure assets [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Impairment loss recognised in profit or loss, rental equipment	$ 2	$ 1
Earnings Or Loss [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Impact of the reclassification on property, plant and equipment depreciation	199	99
Cost Of Goods Sold [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Impact of the reclassification on property, plant and equipment depreciation	183	95
Selling And Administrative Expenses [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Impact of the reclassification on property, plant and equipment depreciation	$ 16	$ 4

Lease Right-of-Use Assets - Sum

Lease Right-of-Use Assets - Summary of Reconciliation of Lease Right of Use Assets (Detail) - CAD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Disclosure of quantitative information about right-of-use assets [line items]
Beginning Balance	[1]	$ 78,372
Additions		44,583	$ 9,977
Ending Balance		82,213	78,372	[1]
Gross carrying amount [member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning Balance		119,165	82,739
Acquisition (Note 6)			32,432
Additions		44,418	11,202
Disposal		(22,540)	(10,064)
Currency translation effects		(1,606)	2,856
Lease measurement adjustment		(7,413)
Reclassified to assets held for sale (Note 10)		(6,971)
Ending Balance		125,053	119,165
Accumulated depreciation and amortisation [member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning Balance		(40,793)	(32,852)
Depreciation charge		(23,083)	(15,818)
Disposal		17,011	9,274
Currency translation effects		1,060	(1,397)
Lease measurement adjustment		1,900
Reclassified to assets held for sale (Note 10)		1,065
Ending Balance		(42,840)	(40,793)
Land and buildings [member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning Balance		66,950
Ending Balance		55,395	66,950
Land and buildings [member] | Gross carrying amount [member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning Balance		94,107	58,380
Acquisition (Note 6)			31,192
Additions		22,131	7,173
Disposal		(15,444)	(3,935)
Currency translation effects		(1,344)	1,297
Lease measurement adjustment		(7,413)
Reclassified to assets held for sale (Note 10)		(6,971)
Ending Balance		85,066	94,107
Land and buildings [member] | Accumulated depreciation and amortisation [member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning Balance		(27,157)	(20,198)
Depreciation charge		(16,866)	(9,994)
Disposal		10,428	3,543
Currency translation effects		959	(508)
Lease measurement adjustment		1,900
Reclassified to assets held for sale (Note 10)		1,065
Ending Balance		(29,671)	(27,157)
Equipment [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning Balance		11,422
Ending Balance		26,818	11,422
Equipment [Member] | Gross carrying amount [member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning Balance		25,058	24,359
Acquisition (Note 6)			1,240
Additions		22,287	4,029
Disposal		(7,096)	(6,129)
Currency translation effects		(262)	1,559
Ending Balance		39,987	25,058
Equipment [Member] | Accumulated depreciation and amortisation [member]
Disclosure of quantitative information about right-of-use assets [line items]
Beginning Balance		(13,636)	(12,654)
Depreciation charge		(6,217)	(5,824)
Disposal		6,583	5,731
Currency translation effects		101	(889)
Ending Balance		$ (13,169)	$ (13,636)
[1]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments for the acquisition of Exterran as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Lease Right-Of-Use Assets - Add

Lease Right-Of-Use Assets - Additional Information (Detail) - CAD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Earnings Or Loss [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Depreciation, right-of-use asset	$ 23	$ 16
Cost Of Goods Sold [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Depreciation, right-of-use asset	16	13
Selling And Administrative Expenses [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Depreciation, right-of-use asset	$ 7	$ 3

Finance Leases Receivable - Add

Finance Leases Receivable - Additional Information (Detail) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of maturity analysis of finance lease payments receivable [line items]
Finance lease maturity term	10 years
Weighted average interest rate implicit	8.60%	9.40%
Selling profit (loss) on finance leases	$ 18,000	$ 18,000
Income relating to variable lease payments	30,000	15,000
Cash received in respect of finance lease payments	80,000	34,000
Derecognition of finance lease receivables	$ 33,353	$ 0

Finance Leases Receivable - Sum

Finance Leases Receivable - Summary of Maturity Analysis of Finance Leases Receivable (Detail) - CAD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of maturity analysis of finance lease payments receivable [line items]
Minimum lease payments	$ 350,360	$ 414,410
Unearned finance income	(80,821)	(119,906)
Total	269,539	294,504	$ 103,358
Present Value Of Minimum Lease Payments To Be Received	269,539	294,504
Present Value Of Unearned Finance Income	0	0
Total	269,539	294,504
Not later than one year [member]
Disclosure of maturity analysis of finance lease payments receivable [line items]
Minimum lease payments	60,832	73,614
Present Value Of Minimum Lease Payments To Be Received	56,982	60,020
Between One And Five Years [Member]
Disclosure of maturity analysis of finance lease payments receivable [line items]
Minimum lease payments	170,174	196,314
Present Value Of Minimum Lease Payments To Be Received	140,307	149,052
Later than five years [member]
Disclosure of maturity analysis of finance lease payments receivable [line items]
Minimum lease payments	119,354	144,482
Present Value Of Minimum Lease Payments To Be Received	$ 72,250	$ 85,432

Finance Leases Receivable - S_2

Finance Leases Receivable - Summary of Reconciliation of Finance Leases (Detail) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Detailed Information About Reconciliation Of Finance Lease [Abstract]
Balance, January 1	$ 294,504	$ 103,358
Acquisition (Note 6)	0	110,097
Additions	64,112	86,602
Interest income	30,203	14,801
Billings and payments	(79,619)	(33,740)
Derecognition	(33,353)	0
Other	(2,254)	0
Currency translation effects	(4,054)	13,386
Balance, December 31	$ 269,539	$ 294,504

Intangible Assets - Summary of

Intangible Assets - Summary of Detailed Information About Intangible Assets (Detail) - CAD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about intangible assets [line items]
Beginning balance	[1]	$ 102,773
Ending balance		73,245	$ 102,773	[1]
Customer relationships and other [member]
Disclosure of detailed information about intangible assets [line items]
Beginning balance		77,883
Ending balance		58,179	77,883
Software [member]
Disclosure of detailed information about intangible assets [line items]
Beginning balance		24,890
Ending balance		15,066	24,890
Cost [member]
Disclosure of detailed information about intangible assets [line items]
Beginning balance		225,613	118,663
Acquisition (Note 6)			102,789
Additions		6,481
Reclassification		1,074	407
Disposal		(1,632)	(11)
Currency translation effects		(7,757)	3,765
Ending balance		223,779	225,613
Cost [member] | Customer relationships and other [member]
Disclosure of detailed information about intangible assets [line items]
Beginning balance		151,310	69,594
Acquisition (Note 6)			80,514
Additions		0
Reclassification		0
Disposal		0
Currency translation effects		(3,784)	1,202
Ending balance		147,526	151,310
Cost [member] | Software [member]
Disclosure of detailed information about intangible assets [line items]
Beginning balance		74,303	49,069
Acquisition (Note 6)			22,275
Additions		6,481
Reclassification		1,074	407
Disposal		(1,632)	(11)
Currency translation effects		(3,973)	2,563
Ending balance		76,253	74,303
Accumulated amortization [member]
Disclosure of detailed information about intangible assets [line items]
Beginning balance		(122,840)	(108,545)
Amortization charge		(31,173)	(9,437)
Disposal		(1,632)	(11)
Currency translation effects		1,847	(4,869)
Ending balance		(150,534)	(122,840)
Accumulated amortization [member] | Customer relationships and other [member]
Disclosure of detailed information about intangible assets [line items]
Beginning balance		(73,427)	(63,817)
Amortization charge		(18,233)	(7,239)
Disposal		0
Currency translation effects		2,313	(2,371)
Ending balance		(89,347)	(73,427)
Accumulated amortization [member] | Software [member]
Disclosure of detailed information about intangible assets [line items]
Beginning balance		(49,413)	(44,728)
Amortization charge		(12,940)	(2,198)
Disposal		(1,632)	(11)
Currency translation effects		(466)	(2,498)
Ending balance		$ (61,187)	$ (49,413)
[1]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments for the acquisition of Exterran as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Goodwill and Impairment Revie_3

Goodwill and Impairment Review of Goodwill - Summary of Detailed Information About Goodwill (Detail) - CAD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022
Disclosure of reconciliation of changes in goodwill [abstract]
Balance, January 1	[2]	$ 674,396	[1]	$ 566,270
Acquisition (Note 6)		0		134,444	[2]
Impairment		(87,168)		(48,000)	[2]
Currency translation effects		(15,418)		21,682	[2]
Closing balance		$ 571,810		$ 674,396	[1],[2]
[1]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments for the acquisition of Exterran as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.[2]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments related to the Transaction as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Goodwill and Impairment Revie_4

Goodwill and Impairment Review of Goodwill - Additional Information (Detail) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021	[1]
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill impairment	$ (87,168)	$ (48,000)	[1]
Goodwill	$ 571,810	$ 674,396	[1],[2]	$ 566,270
Growth rate used to extrapolate cash flow projections	2%
Canada USA And EH [Member] | Top of range [member]
Disclosure of reconciliation of changes in goodwill [line items]
Description of discount rates used in current estimate of value in use	13.50%	15.30%
Canada USA And EH [Member] | Bottom of range [member]
Disclosure of reconciliation of changes in goodwill [line items]
Description of discount rates used in current estimate of value in use	9.50%	10.70%
EH Operating Segments [Member]
Disclosure of reconciliation of changes in goodwill [line items]
Impact on value in use	$ 160,000
Latin America [Member]
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill impairment	$ 87,000
Description of discount rates used in current estimate of value in use	17%	15.50%
Goodwill	$ 395,000
[1]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments related to the Transaction as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.[2]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments for the acquisition of Exterran as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Other Assets - Summary of Other

Other Assets - Summary of Other Assets (Detail) - CAD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Detailed Information About Other Assets [Abstract]
Investment in associates and joint ventures		$ 37,544	$ 34,977
Prepaid deposits		13,932	13,972
Long-term receivables	[1]	400	34,127
Total other assets		51,876	$ 83,076	[2]
Noncurrent Preferred Shares Receivable		$ 28,000
[1]During the first quarter of 2023, the Company received proceeds of $28 million from the settlement of preferred shares.[2]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments for the acquisition of Exterran as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Accounts Payable and Accrued _3

Accounts Payable and Accrued Liabilities - Summary of Detailed Information About Accounts Payable and Accrued Liabilities (Detail) - CAD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	[1]
Detailed Information About Accounts Payable And Accrued Liabilities [Abstract]
Accounts payable and accrued liabilities	$ 550,639	$ 611,516
Accrued dividend payable	3,098	3,093
Cash-settled share-based payments	7,383	13,477
Total accounts payable and accrued liabilities	$ 561,120	$ 628,086
[1]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments for the acquisition of Exterran as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Provisions - Summary of other p

Provisions - Summary of other provisions (Detail) - CAD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Classes of other provisions [abstract]
Warranty provision	$ 14,151	$ 13,411
Restructuring provision	9,646	2,009
Legal provision	2,179	3,406
Current provisions	$ 25,976	$ 18,826	[1]	$ 6,636
[1]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments for the acquisition of Exterran as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Provisions - Summary of tabular

Provisions - Summary of tabular form of movement in provisions (Detail) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022
Disclosure of other provisions [line items]
Balance, January 1	$ 18,826	[1]	$ 6,636
Acquisition (Note 6)	0		8,579
Additions during the year	16,545		7,121
Amounts settled and released in the year	(9,119)		(3,669)
Currency translation effects	(276)		159
Balance, December 31	25,976		18,826	[1]
Warranty provision [member]
Disclosure of other provisions [line items]
Balance, January 1	13,411		6,636
Acquisition (Note 6)	0		5,888
Additions during the year	8,609		4,395
Amounts settled and released in the year	(7,595)		(3,669)
Currency translation effects	(274)		161
Balance, December 31	14,151		13,411
Restructuring provision [member]
Disclosure of other provisions [line items]
Balance, January 1	2,009
Acquisition (Note 6)	0
Additions during the year	7,936		2,009
Amounts settled and released in the year	(299)
Currency translation effects	0
Balance, December 31	9,646		2,009
Legal proceedings provision [member]
Disclosure of other provisions [line items]
Balance, January 1	3,406
Acquisition (Note 6)	0		2,691
Additions during the year	0		717
Amounts settled and released in the year	(1,225)
Currency translation effects	(2)		(2)
Balance, December 31	$ 2,179		$ 3,406
[1]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments for the acquisition of Exterran as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Deferred Revenues - Summary Of

Deferred Revenues - Summary Of Detailed Information About Deferred Revenue (Detail) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Detailed Information About Deferred Revenue [Abstract]
Balance, January 1	$ 399,520	$ 84,614
Acquisition (Note 6)	0	135,409
Cash received in advance of revenue recognition	892,622	526,924
Revenue subsequently recognized	(857,797)	(354,531)
Currency translation effects	(12,489)	7,104
Ending Balance	421,856	399,520
Current deferred revenues	392,371	366,085	[1]
Non-current deferred revenues	$ 29,485	$ 33,435	[1]
[1]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments for the acquisition of Exterran as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Long-Term Debt - Summary of bor

Long-Term Debt - Summary of borrowings (Detail) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about borrowings [line items]
Notes	$ 826,625	$ 846,500
Long-term debt gross	1,313,268	1,508,862
Deferred transaction costs and Notes discount	(98,350)	(118,537)
Current portion of long-term debt	52,904	27,088	[1]
Non-current portion of long-term debt	1,162,014	1,363,237	[1]
Long-term debt	$ 1,214,918	1,390,325
Secured Revolving Credit Facility [Member]
Disclosure of detailed information about borrowings [line items]
Maturity Date	October 13, 2025
Drawings on the Revolving Credit Facility	$ 314,705	459,202
Secured Term Loan Facility [Member]
Disclosure of detailed information about borrowings [line items]
Maturity Date	October 13, 2025
Drawings on the Term Loan	$ 171,938	203,160
Senior Secured Notes Maturing on October 15, 2027 [member]
Disclosure of detailed information about borrowings [line items]
Maturity Date	October 15, 2027
Notes	$ 826,625	$ 846,500
[1]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments for the acquisition of Exterran as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Long-Term Debt - Summary of b_2

Long-Term Debt - Summary of borrowings (Parenthetical) (Detail)	Dec. 31, 2023 USD ($)
Secured Revolving Credit Facility [Member]
Disclosure of detailed information about borrowings [line items]
Notional amount	$ 700,000,000
Secured Term Loan Facility [Member]
Disclosure of detailed information about borrowings [line items]
Notional amount	130,000,000
Senior Secured Notes Maturing on October 15, 2027 [member]
Disclosure of detailed information about borrowings [line items]
Notional amount	$ 625,000,000

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022	Dec. 31, 2023 CAD ($)
Disclosure of detailed information about borrowings [line items]
Long term debt repayment of principal year five			$ 1,313
Long term debt repayment of principal after year five			$ 0
Secured Term Loan Facility [Member]
Disclosure of detailed information about borrowings [line items]
Borrowings maturity	October 13, 2025
Prospective increase in the borrowing capacity	$ 150,000,000
Notional amount	$ 130,000,000
Senior Secured Notes Maturing on October 15, 2027 [member]
Disclosure of detailed information about borrowings [line items]
Borrowings maturity	October 15, 2027
Notional amount	$ 625,000,000
Borrowings interest rate	9%		9%
Secured Revolving Credit Facility [Member]
Disclosure of detailed information about borrowings [line items]
Borrowings maturity	October 13, 2025
Notional amount	$ 700,000,000
Drawings On Bank Facility [Member]
Disclosure of detailed information about borrowings [line items]
Long term debt weighted average interest rate over a period of time	7.70%	7%
Drawings On Asset Based Facility [Member]
Disclosure of detailed information about borrowings [line items]
Long term debt weighted average interest rate over a period of time	9%	7.80%
Performance guaranteed by export development canada [member] | Secured Revolving Credit Facility [Member]
Disclosure of detailed information about borrowings [line items]
Debt instrument current borrowing capacity	$ 70,000,000		$ 93
Cumulative amount utilised out of the total borrowing capacity	$ 36,000,000		$ 48

Lease Liabilities - Summary of

Lease Liabilities - Summary of Lease Liabilities (Detail) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Quantitative Information About Lease Liabilities [Line Items]
Opening balance	$ 93,033	$ 57,014
Acquisition (Note 6)	0	39,845
Additions	44,583	9,977
Lease interest	6,789	3,398
Payments made against lease liabilities	(27,211)	(19,156)
Transfer to liabilities associated with assets held for sale (Note 10)	(6,209)	0
Lease measurement adjustment	(6,781)	0
Currency translation effects and other	(3,492)	1,955
Closing balance	100,712	93,033
Current portion of lease liabilities	25,453	20,125	[1]
Non-current portion of lease liabilities	$ 75,259	$ 72,908	[1]
[1]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments for the acquisition of Exterran as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Lease Liabilities - Summary o_2

Lease Liabilities - Summary of Future Minimum Lease Payments Under Non-Cancellable Leases (Detail) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted operating lease payments to be received	$ 122,659
Imputed interest	21,886
Short-term leases	59
Low-value leases	2
Lease liabilities	100,712	$ 93,033	$ 57,014
2024
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted operating lease payments to be received	29,346
2025
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted operating lease payments to be received	26,384
2026
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted operating lease payments to be received	19,475
2027
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted operating lease payments to be received	15,348
2028
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted operating lease payments to be received	24,537
Thereafter
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted operating lease payments to be received	$ 7,569

Lease Liabilities - Additional

Lease Liabilities - Additional Information (Detail) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Statements [Line Items]
Expense relating to short-term leases for which recognition exemption has been used	$ 1,000	$ 1,000
Expense relating to variable lease payments not included in measurement of lease liabilities	2,000	2,000
Cost of sales	1,000	1,000
Selling and administrative expenses	395,875	301,242
Interest expense on lease liabilities	6,789	3,398
Cash outflow for leases	35,000	22,000
Selling, general and administrative expense [member]
Statements [Line Items]
Selling and administrative expenses	$ 1,000	$ 1,000

Income Tax - Summary Of Compone

Income Tax - Summary Of Components Of Income Tax Expense (Detail) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Major components of tax expense (income) [abstract]
Current income taxes	$ 53,259	$ 17,945
Deferred income taxes	(10,863)	3,265
Income taxes	$ 42,396	$ 21,210

Income Tax - Summary of Reconci

Income Tax - Summary of Reconciliation of Tax Expense (Detail) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Reconciliation of accounting profit multiplied by applicable tax rates [abstract]
Loss before income taxes	$ (68,528)	$ (79,733)
Canadian statutory rate	23.50%	23.40%
Expected income tax provision	$ (16,104)	$ (18,658)
Change in unrecognized deferred tax asset	21,128	27,664
Exchange rate effects on tax basis	23,493	(2,223)
Impairment of goodwill	20,484	11,232
Earnings taxed in foreign jurisdictions	2,063	543
Amounts not deductible (taxable) for tax purposes	8,869	4,373
Impact of accounting for associates and joint ventures	(579)	(1,104)
Other	780	(617)
Income taxes	$ 42,396	$ 21,210

Income Tax - Summary Of Income

Income Tax - Summary Of Income tax Relating To Components Of Other Comprehensive Income (Detail) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income tax relating to components of other comprehensive income [abstract]
Fair value remeasurement of hedging instruments entered into for cash flow hedges	$ 118	$ (55)
Relating to cash flow hedges	(11)	59
Total income tax recognized in other comprehensive income	$ 107	$ 4

Income Tax - Summary Of Tempora

Income Tax - Summary Of Temporary Difference Unused Tax Losses And Unused Tax Credits (Detail) - CAD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning balance	[1],[2]	$ (66,693)	[3]	$ (82,679)
Acquisition (Note 6)	[1],[2]			23,692
Charged to net earnings		10,863	[3]	(3,265)	[1],[2]
Charged to OCI		107	[3]	4	[1],[2]
Exchange differences		(3,259)	[3]	(4,445)	[1],[2]
Ending Balance	[3]	(58,982)		(66,693)	[1],[2]
Accounting provisions and accruals
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning balance		4,356		7,022
Acquisition (Note 6)	[1]			4,750
Charged to net earnings		30,159		(7,467)
Charged to OCI		0		0
Exchange differences		1,474		51
Ending Balance		35,989		4,356
Tax losses
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning balance		56,497		6,519
Acquisition (Note 6)	[1]			49,513
Charged to net earnings		(19,678)		1,325
Charged to OCI		0		0
Exchange differences		237		(860)
Ending Balance		37,056		56,497
Long-term assets
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning balance		(111,777)		(86,255)
Acquisition (Note 6)	[1]			(24,033)
Charged to net earnings		22,226		1,022
Charged to OCI		0		0
Exchange differences		(3,419)		(2,511)
Ending Balance		(92,970)		(111,777)
Other
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning balance		0		511
Acquisition (Note 6)	[1]			0
Charged to net earnings				0
Charged to OCI				0
Exchange differences				(511)
Ending Balance				0
Exchange rate effects on tax bases
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning balance		(15,769)		(10,476)
Acquisition (Note 6)	[1]			(6,538)
Charged to net earnings		(21,737)		1,859
Charged to OCI		0		0
Exchange differences		(1,551)		(614)
Ending Balance		(39,057)		(15,769)
Cash flow hedges
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Beginning balance		0		0
Acquisition (Note 6)	[1]			0
Charged to net earnings		(107)		(4)
Charged to OCI		107		4
Exchange differences		0		0
Ending Balance		$ 0		$ 0
[1]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments related to the Transaction as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.[2]Net deferred tax liabilities at December 31, 2022 of $67 million consist of liabilities of $89 million net of assets of $22 million.[3]Net deferred tax liabilities at December 31, 2023 of $59 million consist of liabilities of $86 million net of assets of $27 million.

Income Tax - Summary Of Tempo_2

Income Tax - Summary Of Temporary Difference Unused Tax Losses And Unused Tax Credits (Parenthetical) (Detail) - CAD ($) $ in Thousands	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021	[2],[3]
Text Block 1 [Abstract]
Deferred tax liability (asset)	$ 58,982	[1]	$ 66,693	[1],[2],[3]	$ 82,679
Deferred tax liabilities	86,502		88,550	[4]
Deferred tax assets	$ 27,520		$ 21,857	[4]
[1]Net deferred tax liabilities at December 31, 2023 of $59 million consist of liabilities of $86 million net of assets of $27 million.[2]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments related to the Transaction as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.[3]Net deferred tax liabilities at December 31, 2022 of $67 million consist of liabilities of $89 million net of assets of $22 million.[4]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments for the acquisition of Exterran as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Income Tax - Summary Of Deducti

Income Tax - Summary Of Deductible Temporary Differences Of Income Tax Expenses (Detail) - CAD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022	[1]
Disclosure of Deductible Temporary Differences of Income Tax Expenses [Line Items]
Deductible temporary differences for which no deferred tax asset is recognised		$ 1,209,815	$ 1,179,064
Canadian Tax Losses [Member]
Disclosure of Deductible Temporary Differences of Income Tax Expenses [Line Items]
Deductible temporary differences for which no deferred tax asset is recognised		336,414	215,703
Canadian Long-term assets [Member]
Disclosure of Deductible Temporary Differences of Income Tax Expenses [Line Items]
Deductible temporary differences for which no deferred tax asset is recognised		667	23,896
Canadian Accounting provisions and other accruals [Member]
Disclosure of Deductible Temporary Differences of Income Tax Expenses [Line Items]
Deductible temporary differences for which no deferred tax asset is recognised		20,092	29,143
Foreign tax Losses [Member]
Disclosure of Deductible Temporary Differences of Income Tax Expenses [Line Items]
Deductible temporary differences for which no deferred tax asset is recognised	[2]	910,300	975,297
Foreign Long-term assets [Member]
Disclosure of Deductible Temporary Differences of Income Tax Expenses [Line Items]
Deductible temporary differences for which no deferred tax asset is recognised	[2]	53,940	53,830
Foreign Accounting provisions and other accruals [Member]
Disclosure of Deductible Temporary Differences of Income Tax Expenses [Line Items]
Deductible temporary differences for which no deferred tax asset is recognised	[2]	$ 3,718	$ 11,145
[1]Certain balances as at December 31, 2022 have been restated as a result of measurement period adjustments related to the Transaction as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.[2]The movement in foreign tax losses, long-term assets, and accounting provisions and other accruals for 2022 were primarily acquired as part of the Transaction.

Income Tax - Additional Informa

Income Tax - Additional Information (Detail) $ in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2023 CAD ($)	Dec. 31, 2022 CAD ($)		Dec. 31, 2022 USD ($)
Disclosure of defined benefit plans [line items]
Federal Income Tax Rate	15%	15%
Deductible temporary differences for which no deferred tax asset is recognised	$ 1,209,815	$ 1,179,064	[1]
Unused tax credits for which no deferred tax asset recognised	$ 1,000	$ 1,000
Average effective tax rate	8.50%	8.40%
US
Disclosure of defined benefit plans [line items]
Unused tax credits for which no deferred tax asset recognised	$ 78,000			$ 75
[1]Certain balances as at December 31, 2022 have been restated as a result of measurement period adjustments related to the Transaction as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Share Capital Authorized - Summ

Share Capital Authorized - Summary of Issues and Outstanding (Detail) - CAD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Disclosure of classes of share capital [line items]
Balance, January 1	[1]	$ 589,827
Exercise of stock options		1,729	$ 1,818
Ending balance		591,598	589,827	[1]
Ordinary shares [member]
Disclosure of classes of share capital [line items]
Balance, January 1		$ 589,827	$ 375,524
Balance, January 1 (Shares)		123,739,020	89,678,845
Issued on Acquisition (Note 6)		$ 0	$ 213,942
Issued on Acquisition (Note 6) (Shares)		0	34,013,055
Exercise of stock options		$ 1,771	$ 361
Exercise of stock options (Shares)		217,845	47,120
Ending balance		$ 591,598	$ 589,827
Ending balance (Shares)		123,956,865	123,739,020
[1]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments for the acquisition of Exterran as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Share Capital Authorized - Addi

Share Capital Authorized - Additional Inforamtion (Detail) $ / shares in Units, $ in Thousands, shares in Millions	12 Months Ended
	Dec. 31, 2023 CAD ($) $ / shares	Dec. 31, 2022 CAD ($) $ / shares	Oct. 13, 2022	Oct. 12, 2022 CAD ($) shares	Oct. 12, 2022 $ / shares
Disclosure of classes of share capital [line items]
Dividends recognised as distributions to owners	$ 12,384	$ 9,819
Number of instruments or interests issued or issuable | shares				34,013,055
Exterran Corporation [Member]
Disclosure of classes of share capital [line items]
Equity interests of acquirer				$ 214,000
Share Price | $ / shares					$ 6.29
Enerflex common shares [Member] | Exterran Corporation [Member]
Disclosure of classes of share capital [line items]
Conversion of common shares in business combination			1.021%
Ordinary shares [member]
Disclosure of classes of share capital [line items]
Dividends recognised as distributions to owners	$ 12,000	$ 10,000
Dividends paid, ordinary shares per share | $ / shares	$ 0.1	$ 0.1

Contributed Surplus - Summary o

Contributed Surplus - Summary of Contribution surplus (Detail) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of Contribution surplus [Abstract]
Balance, January 1	$ 660,072	$ 658,615
Share-based compensation	450	1,558
Exercise of stock options	(492)	(101)
Ending Balance	$ 660,030	$ 660,072

Revenue - Summary Of Disaggrega

Revenue - Summary Of Disaggregation Of Revenue From Contracts With Customers (Detail) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	$ 3,162,095	$ 1,777,798
United States of America
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	1,347,408	890,899
Canada
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	350,490	261,865
Nigeria
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	232,481	18,420
Oman
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	221,538	119,906
Argentina
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	220,608	80,524
Iraq
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	193,789	25,917
Bahrain
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	127,009	85,540
Brazil
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	102,164	45,367
Australia
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	85,515	65,618
Mexico
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	84,400	64,325
Thailand
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	40,037	11,523
Colombia
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	28,977	21,278
Other
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	127,679	86,616
Energy Infrastructure [Member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	777,702	381,087
After Market Services [Member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	652,198	443,660
Engineered Systems [Member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	$ 1,732,195	$ 953,051

Revenue - Summary of Disaggre_2

Revenue - Summary of Disaggregation of Revenue From Contracts With Customers (Parenthetical) (Detail) - CAD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Statements [Line Items]
Revenue Related To Operating Leases	$ 274	$ 111
Revenue Related To Its Usa Contract Compression Fleet	$ 169	$ 127

Revenue - Disclosure Of Perform

Revenue - Disclosure Of Performance Obligations (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2023 CAD ($)
Disclosure of performance obligations [line items]
Revenue from performance obligations satisfied or partially satisfied in previous periods	$ 4,026,201
Less than one year [Member]
Disclosure of performance obligations [line items]
Revenue from performance obligations satisfied or partially satisfied in previous periods	1,905,017
One to two years [Member]
Disclosure of performance obligations [line items]
Revenue from performance obligations satisfied or partially satisfied in previous periods	725,627
Greater than two years [Member]
Disclosure of performance obligations [line items]
Revenue from performance obligations satisfied or partially satisfied in previous periods	1,395,557
Energy Infrastructure [Member]
Disclosure of performance obligations [line items]
Revenue from performance obligations satisfied or partially satisfied in previous periods	2,248,237
Energy Infrastructure [Member] | Less than one year [Member]
Disclosure of performance obligations [line items]
Revenue from performance obligations satisfied or partially satisfied in previous periods	537,622
Energy Infrastructure [Member] | One to two years [Member]
Disclosure of performance obligations [line items]
Revenue from performance obligations satisfied or partially satisfied in previous periods	474,220
Energy Infrastructure [Member] | Greater than two years [Member]
Disclosure of performance obligations [line items]
Revenue from performance obligations satisfied or partially satisfied in previous periods	1,236,395
After Market Services [Member]
Disclosure of performance obligations [line items]
Revenue from performance obligations satisfied or partially satisfied in previous periods	278,920
After Market Services [Member] | Less than one year [Member]
Disclosure of performance obligations [line items]
Revenue from performance obligations satisfied or partially satisfied in previous periods	90,047
After Market Services [Member] | One to two years [Member]
Disclosure of performance obligations [line items]
Revenue from performance obligations satisfied or partially satisfied in previous periods	50,023
After Market Services [Member] | Greater than two years [Member]
Disclosure of performance obligations [line items]
Revenue from performance obligations satisfied or partially satisfied in previous periods	138,850
Engineered Systems [Member]
Disclosure of performance obligations [line items]
Revenue from performance obligations satisfied or partially satisfied in previous periods	1,499,044
Engineered Systems [Member] | Less than one year [Member]
Disclosure of performance obligations [line items]
Revenue from performance obligations satisfied or partially satisfied in previous periods	1,277,348
Engineered Systems [Member] | One to two years [Member]
Disclosure of performance obligations [line items]
Revenue from performance obligations satisfied or partially satisfied in previous periods	201,384
Engineered Systems [Member] | Greater than two years [Member]
Disclosure of performance obligations [line items]
Revenue from performance obligations satisfied or partially satisfied in previous periods	$ 20,312

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Share-based Compensation Expenses (Detail) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based compensation expense	$ 7,652	$ 16,162
Equity-settled share-based payments [member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based compensation expense	450	1,558
Deferred share units [member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based compensation expense	(1,713)	3,622
Phantom share entitlement plan [member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based compensation expense	(187)	117
Performance share units [member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based compensation expense	(442)	4,172
Restricted share units [member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based compensation expense	6,764	4,454
Cash performance target [member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-based compensation expense	$ 2,780	$ 2,239

Share-Based Compensation - Equi

Share-Based Compensation - Equity settled share based payment arrangements (Detail)	12 Months Ended
	Dec. 31, 2023 shares $ / shares	Dec. 31, 2022 shares $ / shares
Disclosure of terms and conditions of share-based payment arrangement [abstract]
Options outstanding, beginning of period, Number of options | shares	3,089,229	4,456,444
Exercised, Number of options | shares	(217,845)	(47,120)
Forfeited, Number of options | shares	(318,840)	(27,286)
Expired, Number of options | shares	(254,569)	(1,292,809)
Options outstanding, end of period, Number of options | shares	2,297,975	3,089,229
Options exercisable, end of period, Number of options | shares	1,589,639	1,671,421
Options outstanding, beginning of period, Weighted average exercise price | $ / shares	$ 10.77	$ 11.66
Exercised, Weighted average exercise price | $ / shares	5.87	5.51
Forfeited, Weighted average exercise price | $ / shares	9.54	13.51
Expired, Weighted average exercise price | $ / shares	13.32	13.98
Options outstanding, end of period, Weighted average exercise price | $ / shares	11.12	10.77
Options exercisable, end of period, Weighted average exercise price | $ / shares	$ 12.52	$ 12.48

Share-Based Compensation - Eq_2

Share-Based Compensation - Equity settled share based payment arrangements (Parenthetical) (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of terms and conditions of share-based payment arrangement [abstract]
Share based compensation by share based award weighted average exercise price of options at the date of exercise	$ 8.16	$ 8.03

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2023 CAD ($) shares $ / shares	Dec. 31, 2022 CAD ($) shares $ / shares	Dec. 31, 2020
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share based compensation by share based award number of options granted during the period | shares
Allocated share based compensation	$ 7,652,000	$ 16,162,000
Number of Shares Of Cash Settled During The Period | shares	572,260
Deferred Share Units [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Allocated share based compensation	$ (1,713,000)	3,622,000
Share based compensation by share based award equity instruments other than options granted | shares	314,208
Settlement of liability in respect of share based transactions	$ 3,000,000	1,000,000
Deferred Share Units [Member] | Current Liabilities [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Liabilities from share based transaction	2,000,000	3,000,000
Deferred Share Units [Member] | Director And Executive [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Allocated share based compensation	2,000,000	2,000,000
Phantom Share Entitlement Plan [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Allocated share based compensation	$ (187,000)	$ 117,000
Share based compensation by share based award equity instruments other than options granted | shares	0	0
Phantom Share Entitlement Plan [Member] | Current Liabilities [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Liabilities from share based transaction	$ 1,000,000	$ 1,000,000
Performance Share Units [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Allocated share based compensation	(442,000)	4,172,000
Share based compensation number of days within which award will be settled from the date of determination of vesting percentage			14 days
Settlement of liability in respect of share based transactions	2,000,000	2,000,000
Performance Share Units [Member] | Current Liabilities [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Liabilities from share based transaction	2,000,000	4,000,000
Performance Share Units [Member] | Top of range [member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share based compensation by share based award vesting percentage			200%
Restricted share units [member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Allocated share based compensation	6,764,000	4,454,000
Restricted share units [member] | Current Liabilities [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Liabilities from share based transaction	$ 3,000,000	$ 4,000,000
Restricted share units [member] | Directors And Certain Key Executives [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share based compensation by share based award equity instruments other than options granted | shares	1,869,012	995,336
Settlement of liability in respect of share based transactions	$ 9,000,000	$ 2,000,000
Cash Performance Target Plan [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Settlement of liability in respect of share based transactions	4,000,000	$ 2,000,000
Share based compensation by share based equity instruments other than options granted during the period value	$ 0
Share based compensation by share based award weighted average fair value of equity instruments other than options granted | $ / shares	$ 0	$ 6.29
Cash Performance Target Plan [Member] | Current Liabilities [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Liabilities from share based transaction		$ 3,000,000
Employee Share Purchase Plan [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share Based Compensation Employer Contribution	$ 1,000

Share-Based Compensation - Su_2

Share-Based Compensation - Summary of Options Outstanding and Exercisable (Detail)	12 Months Ended
	Dec. 31, 2023 shares $ / shares	Dec. 31, 2023 shares $ / shares	Dec. 31, 2022 shares $ / shares	Dec. 31, 2021 shares
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Number outstanding, Options Outstanding | shares	2,297,975	2,297,975	3,089,229	4,456,444
Weighted average remaining life, Options Outstanding	2 years 10 months 28 days
Weighted average exercise price, Options Outstanding | $ / shares	$ 11.12
Number outstanding, Options Exercisable | shares	1,589,639	1,589,639	1,671,421
Weighted average remaining life, Options Exercisable	2 years 5 months 19 days
Weighted average exercise price, Options Exercisable | $ / shares	$ 12.52		$ 12.48
Exercise Price Range One [member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Number outstanding, Options Outstanding | shares	517,559	517,559
Weighted average remaining life, Options Outstanding	3 years 7 months 13 days
Weighted average exercise price, Options Outstanding | $ / shares	$ 5.51
Number outstanding, Options Exercisable | shares	250,394	250,394
Weighted average remaining life, Options Exercisable	3 years 7 months 13 days
Weighted average exercise price, Options Exercisable | $ / shares	$ 5.51
Exercise Price Range Two [member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Number outstanding, Options Outstanding | shares	1,142,861	1,142,861
Weighted average remaining life, Options Outstanding	3 years 6 months 14 days
Weighted average exercise price, Options Outstanding | $ / shares		$ 10.95
Number outstanding, Options Exercisable | shares	701,690	701,690
Weighted average remaining life, Options Exercisable	3 years 2 months 15 days
Weighted average exercise price, Options Exercisable | $ / shares		$ 11.89
Exercise Price Range Three [member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Number outstanding, Options Outstanding | shares	637,555	637,555
Weighted average remaining life, Options Outstanding	1 year 2 months 15 days
Weighted average exercise price, Options Outstanding | $ / shares		$ 15.97
Number outstanding, Options Exercisable | shares	637,555	637,555
Weighted average remaining life, Options Exercisable	1 year 2 months 15 days
Weighted average exercise price, Options Exercisable | $ / shares		$ 15.97

Share-Based Compensation - Su_3

Share-Based Compensation - Summary of Options Outstanding and Exercisable (Parenthetical) (Detail)	Dec. 31, 2023 $ / shares	Dec. 31, 2023 $ / shares	Dec. 31, 2022 $ / shares
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Share based compensation by share based award exercise price of outstanding share options	$ 11.12
Share based compensation by share based award weighted average excersie price of options excercisable in a share based payment arrangement	12.52		$ 12.48
Exercise Price Range One [member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Share based compensation by share based award exercise price of outstanding share options	5.51
Share based compensation by share based award weighted average excersie price of options excercisable in a share based payment arrangement	$ 5.51
Exercise Price Range Two [member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Share based compensation by share based award exercise price of outstanding share options		$ 10.95
Share based compensation by share based award weighted average excersie price of options excercisable in a share based payment arrangement		11.89
Exercise Price Range Three [member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Share based compensation by share based award exercise price of outstanding share options		15.97
Share based compensation by share based award weighted average excersie price of options excercisable in a share based payment arrangement		15.97
Bottom of range [member] | Exercise Price Range One [member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Share based compensation by share based award exercise price of outstanding share options		5.51
Share based compensation by share based award weighted average excersie price of options excercisable in a share based payment arrangement		5.51
Bottom of range [member] | Exercise Price Range Two [member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Share based compensation by share based award exercise price of outstanding share options		6.69
Share based compensation by share based award weighted average excersie price of options excercisable in a share based payment arrangement		6.69
Bottom of range [member] | Exercise Price Range Three [member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Share based compensation by share based award exercise price of outstanding share options		14.76
Share based compensation by share based award weighted average excersie price of options excercisable in a share based payment arrangement		14.76
Top of range [member] | Exercise Price Range One [member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Share based compensation by share based award exercise price of outstanding share options		6.68
Share based compensation by share based award weighted average excersie price of options excercisable in a share based payment arrangement		6.68
Top of range [member] | Exercise Price Range Two [member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Share based compensation by share based award exercise price of outstanding share options		14.75
Share based compensation by share based award weighted average excersie price of options excercisable in a share based payment arrangement		14.75
Top of range [member] | Exercise Price Range Three [member]
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Share based compensation by share based award exercise price of outstanding share options		16.12
Share based compensation by share based award weighted average excersie price of options excercisable in a share based payment arrangement		$ 16.12

Share-Based Compensation - Su_4

Share-Based Compensation - Summary of Share Units (Deferred share units) (Detail) - Deferred Share Units [Member]	12 Months Ended
	Dec. 31, 2023 shares $ / shares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Opening Balance, Number | shares	1,625,513
Granted, Number | shares	314,208
In lieu of dividends, Number of DSUs | shares	20,817
Vested, Number | shares	(400,428)
Ending Balance, Number | shares	1,560,110
Opening Balance, Weighted average grant | $ / shares	$ 10.16
Granted, Weighted average grant | $ / shares	7.44
In lieu of dividends , Weighted average grant | $ / shares	7.65
Vested, Weighted average grant | $ / shares	6.75
Ending Balance, Weighted average grant | $ / shares	$ 10.45

Share-Based Compensation - Su_5

Share-Based Compensation - Summary of Share Units (Deferred share units) (Parenthetical) (Detail) - Deferred Share Units [Member] - CAD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current Liabilities [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Liabilities from share based transaction	$ 2	$ 3
Other Long Term Liabilities [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Liabilities from share based transaction	$ 8	$ 11

Share-Based Compensation - Su_6

Share-Based Compensation - Summary of Share Units (Phantom Share Entitlement Plan) (Detail) - Phantom Share Entitlement Plan [Member]	12 Months Ended
	Dec. 31, 2023 shares $ / shares	Dec. 31, 2023 shares $ / shares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Opening Balance, Number | shares	200,251	200,251
Opening Balance, Weighted average grant | $ / shares	$ 12.21
Exercised , Number | shares	(13,941)	(13,941)
Exercised, Weighted average grant | $ / shares		$ 5.51
Expired | shares	(27,397)	(27,397)
Expired, Weighted average grant | $ / shares	$ 13.27
Ending Balance, Number | shares	158,913	158,913
Ending Balance, Weighted average grant | $ / shares	$ 12.61

Share-Based Compensation - Su_7

Share-Based Compensation - Summary of Share Units (Phantom Share Entitlement Plan) (Parenthetical) (Detail) - Phantom Share Entitlement Plan [Member] - CAD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current Liabilities [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Liabilities from share based transaction	$ 1	$ 1
Other Long Term Liabilities [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Liabilities from share based transaction	$ 1	$ 1

Share-Based Compensation - Su_8

Share-Based Compensation - Summary of Share Units (Performance Share Units) (Detail) - Performance Share Units [Member]	12 Months Ended
	Dec. 31, 2023 shares $ / shares	Dec. 31, 2023 shares $ / shares
Toronto Stock Exchange [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Opening Balance, Number | shares	1,641,746	1,641,746
Opening Balance, Weighted average grant | $ / shares	$ 8.51
Granted, Number | shares	341,072	341,072
Granted, Weighted average grant | $ / shares	$ 8.4
In lieu of dividends, Number of PSUs | shares	19,150	19,150
In lieu of dividends , Weighted average grant | $ / shares	$ 7.81
Vested, Number | shares	(227,074)	(227,074)
Vested, Weighted average grant | $ / shares	$ 9.25
Forfeited, Number | shares	(563,999)	(563,999)
Forfeited, Weighted average grant | $ / shares	$ 6.21
Ending Balance, Number | shares	1,210,895	1,210,895
Ending Balance, Weighted average grant | $ / shares	$ 9.4
New York Stock Exchange [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Opening Balance, Number | shares	0	0
Opening Balance, Weighted average grant | $ / shares		$ 0
Granted, Number | shares	271,566	271,566
Granted, Weighted average grant | $ / shares		$ 6.24
In lieu of dividends, Number of PSUs | shares	1,163	1,163
In lieu of dividends , Weighted average grant | $ / shares		$ 4.3
Vested, Number | shares	0	0
Vested, Weighted average grant | $ / shares		$ 0
Forfeited, Number | shares	0	0
Forfeited, Weighted average grant | $ / shares		$ 0
Ending Balance, Number | shares	272,729	272,729
Ending Balance, Weighted average grant | $ / shares		$ 6.23

Share-Based Compensation - Su_9

Share-Based Compensation - Summary of Share Units (Performance Share Units) (Parenthetical) (Detail) - Performance Share Units [Member] - CAD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current Liabilities [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Liabilities from share based transaction	$ 2	$ 4
Other Long Term Liabilities [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Liabilities from share based transaction	$ 2	$ 3

Share-Based Compensation - S_10

Share-Based Compensation - Summary of Share Units (Restricted Share Units) (Detail) - Restricted share units [member]	12 Months Ended
	Dec. 31, 2023 shares $ / shares
Toronto Stock Exchange [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Opening Balance, Number | shares	2,001,833
Opening Balance, Weighted average grant | $ / shares	$ 6.9
Granted, Number | shares	1,069,821
Granted, Weighted average grant | $ / shares	$ 8.53
In lieu of dividends, Number of RSUs | shares	24,121
In lieu of dividends , Weighted average grant | $ / shares	$ 7.71
Vested, Number | shares	(933,104)
Vested, Weighted average grant | $ / shares	$ 8.87
Forfeited, Number | shares	(389,079)
Forfeited, Weighted average grant | $ / shares	$ 7.17
Ending Balance, Number | shares	1,773,592
Ending Balance, Weighted average grant | $ / shares	$ 6.79
New York Stock Exchange [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Opening Balance, Number | shares	0
Opening Balance, Weighted average grant | $ / shares	$ 0
Granted, Number | shares	799,191
Granted, Weighted average grant | $ / shares	$ 6.27
In lieu of dividends, Number of RSUs | shares	3,596
In lieu of dividends , Weighted average grant | $ / shares	$ 4.46
Vested, Number | shares	(16,388)
Vested, Weighted average grant | $ / shares	$ 6.83
Forfeited, Number | shares	(57,808)
Forfeited, Weighted average grant | $ / shares	$ 6.36
Ending Balance, Number | shares	728,591
Ending Balance, Weighted average grant | $ / shares	$ 6.24

Share-Based Compensation - S_11

Share-Based Compensation - Summary of Share Units (Restricted Share Units) (Parenthetical) (Detail) - Restricted share units [member] - CAD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Other Long Term Liabilities [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Liabilities from share based transaction	$ 1	$ 1
Current Liabilities [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Liabilities from share based transaction	$ 3	$ 4

Retirement Benefits Plan - Summ

Retirement Benefits Plan - Summary of defined contribution plans (Detail) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Defined Contribution Plans Explanatory [Abstract]
Defined contribution plans	$ 6,780	$ 5,169
401(k) matched savings plan	7,238	4,110
Net pension expense	$ 14,018	$ 9,279

Finance Costs And Income - Summ

Finance Costs And Income - Summary of finance costs and income (Detail) - CAD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Finance Costs [Abstract]
Short and long-term borrowings	[1]	$ 152,005	$ 46,009
Interest on lease liability		6,789	3,398
Total finance costs		158,794	49,407
Finance Income
Interest income		32,402	10,484
Net finance costs		$ 126,392	$ 38,923
[1]Finance costs on short- and long-term borrowings relate primarily to interest on the Company’s Revolving Credit Facility, Term Loan and Notes. Refer to Note 20 “Long-Term Debt” for more information on interest rates on the Revolving Credit Facility, Term Loan and Notes.

Earnings Per Share - Summary of

Earnings Per Share - Summary of Earnings Per Share (Detail) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CAD ($) $ / shares shares	Dec. 31, 2023 $ / shares	Dec. 31, 2022 CAD ($) $ / shares shares	Dec. 31, 2022 $ / shares
Earnings per share [line items]
Basic - Net loss | $	$ (110,924)		$ (100,943)
Basic - Weighted average shares outstanding | shares	123,834,242		97,045,917
Basic - Per share | (per share)	$ (0.9)	$ (0.9)	$ (1.04)	$ (1.04)
Dilutive effect of stock option conversion - Net loss | $	$ 0		$ 0
Dilutive effect of stock option conversion - Weighted average shares outstanding | shares	0		0
Dilutive effect of stock option conversion - Per share | $ / shares		0		0
Diluted - Net loss | $	$ (110,924)		$ (100,943)
Diluted - Weighted average shares outstanding | shares	123,834,242		97,045,917
Diluted - Per share | (per share)	$ (0.9)	$ (0.9)	$ (1.04)	$ (1.04)

Financial Instruments - Summary

Financial Instruments - Summary of Detailed Information About Financial Instruments (Detail) - CAD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Disclosure of detailed information about financial instruments [line items]
Carrying value, Cash and cash equivalents	$ 126,089	$ 253,776	[1]	$ 172,758
Carrying value, Short-term investments	14,425
Carrying value, Derivative instruments in designated hedge accounting relationships	594	901
Carrying value, Accounts receivable	525,854	455,841	[1],[2]
Carrying value, Long-term receivables		27,954
Carrying value, Derivative instruments in designated hedge accounting relationships	1,019	977
Carrying value, Accounts payable and accrued liabilities	561,120	628,086	[1]
Carrying value ,Other current liabilities	7,936
Carrying value, Long-term debt – Revolving Credit Facility	314,705	459,202
Carrying value, Long-term debt – Term Loan	171,938	203,160
Carrying value, Long-term debt – Notes	826,625	846,500
Carrying value, Other long-term liabilities	18,070	21,757	[1]
Estimated fair value, Financial Liabilities	1,019	977
Accounts payable and accrued liabilities [member]
Disclosure of detailed information about financial instruments [line items]
Estimated fair value, Financial Liabilities	561,120	628,086
Other current liabilities [Member]
Disclosure of detailed information about financial instruments [line items]
Estimated fair value, Financial Liabilities	7,936
Long-term debt – Revolving Credit Facility [member]
Disclosure of detailed information about financial instruments [line items]
Estimated fair value, Financial Liabilities	314,705	459,202
Long-term debt – Term Loan [member]
Disclosure of detailed information about financial instruments [line items]
Estimated fair value, Financial Liabilities	171,938	203,160
Long-term debt – Notes [member]
Disclosure of detailed information about financial instruments [line items]
Estimated fair value, Financial Liabilities	823,198	869,288
Other long-term liabilities [member]
Disclosure of detailed information about financial instruments [line items]
Estimated fair value, Financial Liabilities	18,070	21,757
Cash and cash equivalents [member]
Disclosure of detailed information about financial instruments [line items]
Estimated fair value, Financial Assets	126,089	253,776
Short-term Investments [Member]
Disclosure of detailed information about financial instruments [line items]
Carrying value, Short-term investments	14,425
Estimated fair value, Financial Assets	14,425
Derivative instruments in designated hedge accounting relationships [member]
Disclosure of detailed information about financial instruments [line items]
Estimated fair value, Financial Assets	594	901
Accounts receivable [member]
Disclosure of detailed information about financial instruments [line items]
Estimated fair value, Financial Assets	$ 525,854	455,841
Long-term receivables [member]
Disclosure of detailed information about financial instruments [line items]
Estimated fair value, Financial Assets		$ 28,702
[1]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments for the acquisition of Exterran as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.[2]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments related to the Transaction as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Financial Instruments - Summa_2

Financial Instruments - Summary of Fair Value Measurement of Financial Assets and Financial Liabilities (Detail) - CAD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about financial instruments [line items]
Financial Liabilities	$ 1,019	$ 977
Carrying value, Short-term investments	14,425
Carrying value, Derivative financial instruments	594	901
Carrying value, Derivative financial instruments	1,019	977
Carrying value, Long-term debt – Notes	826,625	846,500
Long-term debt – Notes [member]
Disclosure of detailed information about financial instruments [line items]
Financial Liabilities	823,198	$ 869,288
Short Term Investments [Member]
Disclosure of detailed information about financial instruments [line items]
Financial Assets	14,425
Carrying value, Short-term investments	14,425
Level 1 [member] | Derivative financial instruments [member]
Disclosure of detailed information about financial instruments [line items]
Financial Liabilities	0
Level 1 [member] | Long-term debt – Notes [member]
Disclosure of detailed information about financial instruments [line items]
Financial Liabilities	0
Level 1 [member] | Short Term Investments [Member]
Disclosure of detailed information about financial instruments [line items]
Financial Assets	0
Level 1 [member] | Derivative financial instruments [member]
Disclosure of detailed information about financial instruments [line items]
Financial Assets	0
Level 2 [member] | Derivative financial instruments [member]
Disclosure of detailed information about financial instruments [line items]
Financial Liabilities	1,019
Level 2 [member] | Long-term debt – Notes [member]
Disclosure of detailed information about financial instruments [line items]
Financial Liabilities	823,198
Level 2 [member] | Short Term Investments [Member]
Disclosure of detailed information about financial instruments [line items]
Financial Assets	14,425
Level 2 [member] | Derivative financial instruments [member]
Disclosure of detailed information about financial instruments [line items]
Financial Assets	594
Level 3 [member] | Derivative financial instruments [member]
Disclosure of detailed information about financial instruments [line items]
Financial Liabilities	0
Level 3 [member] | Long-term debt – Notes [member]
Disclosure of detailed information about financial instruments [line items]
Financial Liabilities	0
Level 3 [member] | Short Term Investments [Member]
Disclosure of detailed information about financial instruments [line items]
Financial Assets	0
Level 3 [member] | Derivative financial instruments [member]
Disclosure of detailed information about financial instruments [line items]
Financial Assets	$ 0

Financial Instruments - Summa_3

Financial Instruments - Summary of Detailed Information About Hedging Instruments (Detail) - USD - Currency risk [member] $ in Thousands	Dec. 31, 2023 CAD ($)
January 2024 –December 2024 [member] | Purchase contracts [member]
Disclosure of detailed information about hedging instruments [line items]
Notional amount	30,780
January 2024 –November 2024 [member] | Sales contracts [member]
Disclosure of detailed information about hedging instruments [line items]
Notional amount	21,321

Financial Instruments - Summa_4

Financial Instruments - Summary of Earnings Before Tax Due To Weakening of Foreign Currency (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2023 CAD ($)
USD
Earnings From Foreign Operation [Abstract]
Earnings before income taxes	$ 5,920
AUD
Earnings From Foreign Operation [Abstract]
Earnings before income taxes	28
BRL
Earnings From Foreign Operation [Abstract]
Earnings before income taxes	$ (1,726)

Financial Instruments - Summa_5

Financial Instruments - Summary of Earnings Before Tax Due To Weakening of Foreign Currency (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2023
USD
Impact Of Earnings Before Tax Due To Weakening Of Foreign Currency [Line Items]
Percentage of weakening of foreign currency against local currency	5%
Percentage of strengthening of foreign currency against local currency	5%
AUD
Impact Of Earnings Before Tax Due To Weakening Of Foreign Currency [Line Items]
Percentage of weakening of foreign currency against local currency	5%
Percentage of strengthening of foreign currency against local currency	5%
BRL
Impact Of Earnings Before Tax Due To Weakening Of Foreign Currency [Line Items]
Percentage of strengthening of foreign currency against local currency	5%

Financial Instruments - Summa_6

Financial Instruments - Summary of Sensitivity Analysis of Fair Value Measurement To Changes In Unobservable Inputs, Liabilities (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2023 CAD ($)
USD
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, liabilities [line items]
Other comprehensive income	$ 12,446
Earnings before income taxes	(10,042)
AUD
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, liabilities [line items]
Other comprehensive income	639
Earnings before income taxes	0
BRL
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, liabilities [line items]
Other comprehensive income	246
Earnings before income taxes	$ 0

Financial Instruments - Summa_7

Financial Instruments - Summary of Sensitivity Analysis of Fair Value Measurement To Changes In Unobservable Inputs, Liabilities (Parenthetical) (Detail) - Foreign Currency [member]	Dec. 31, 2023
USD
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, liabilities [line items]
Percentage of reasonably possible increase in unobervable input liabilities	5%
Percentage of reasonably possible decrease in unobervable input liabilities	5%
AUD
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, liabilities [line items]
Percentage of reasonably possible increase in unobervable input liabilities	5%
Percentage of reasonably possible decrease in unobervable input liabilities	5%
BRL
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, liabilities [line items]
Percentage of reasonably possible increase in unobervable input liabilities	5%
Percentage of reasonably possible decrease in unobervable input liabilities	5%

Financial Instruments - Summa_8

Financial Instruments - Summary of maturity analysis for financial assets held for managing liquidity risk (Detail) - CAD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	[1]	Dec. 31, 2021
Disclosure of detailed information about financial instruments [abstract]
Cash and cash equivalents	$ 126,089	$ 253,776		$ 172,758
Short-term investments	14,425
Total Revolving Credit Facility (US$700,000)	925,820
Drawings on the Revolving Credit Facility	314,705
Letters of Credit	137,982
Available for future drawings	$ 613,647
[1]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments for the acquisition of Exterran as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Financial Instruments - Summa_9

Financial Instruments - Summary of maturity analysis for financial assets held for managing liquidity risk (Parenthetical ) (Detail) - Dec. 31, 2023 - Secured Revolving Credit Facility [Member] $ in Thousands, $ in Thousands	USD ($)	CAD ($)
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items]
Debt instrument face value	$ 700,000
Revolving Credit Facility [Member]
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items]
Debt instrument face value		$ 700,000
Performance Guaranteed By Export Development Canada [Member]
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items]
Debt Instrument Current Borrowing Capacity	70,000	93,000
Performance Guaranteed By Export Development Canada [Member] | Letter of Credit [Member]
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items]
Debt Instrument Current Borrowing Capacity	70,000
Cumulative Amount Utilised Out Of The Total Borrowing Capacity	$ 36,000	$ 48,000

Financial Instruments - Summ_10

Financial Instruments - Summary of Maturity Analysis For Derivative and Non Derivative Financial Liabilities (Detail) $ in Thousands	Dec. 31, 2023 CAD ($)
Disclosure Of Maturity Analysis For Derivative And Non Derivative Financial Liabilities [Line Items]
Foreign currency forward contracts	$ 1,019
Accounts payable and accrued liabilities	561,120
Other current liabilities	7,936
Long-term debt – Revolving credit facility	314,705
Long-term debt – Term loan	171,938
Long-term debt – Notes	826,625
Other current liabilities	18,070
Less than 3 months [member]
Disclosure Of Maturity Analysis For Derivative And Non Derivative Financial Liabilities [Line Items]
Foreign currency forward contracts	596
Accounts payable and accrued liabilities	561,120
Other current liabilities	7,936
Long-term debt – Revolving credit facility	0
Long-term debt – Term loan	13,226
Long-term debt – Notes	0
Other current liabilities	0
3 months to 1 year [member]
Disclosure Of Maturity Analysis For Derivative And Non Derivative Financial Liabilities [Line Items]
Foreign currency forward contracts	423
Accounts payable and accrued liabilities	0
Other current liabilities	0
Long-term debt – Revolving credit facility	0
Long-term debt – Term loan	39,678
Long-term debt – Notes	0
Other current liabilities	0
Greater than 1 year [member]
Disclosure Of Maturity Analysis For Derivative And Non Derivative Financial Liabilities [Line Items]
Foreign currency forward contracts	0
Accounts payable and accrued liabilities	0
Other current liabilities	0
Long-term debt – Revolving credit facility	314,705
Long-term debt – Term loan	119,034
Long-term debt – Notes	826,625
Other current liabilities	$ 18,070

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about financial instruments [line items]
Cumulative estimated gain losses on termination of forward contracts	$ 1,000
Gain losses on cash flow hedges net of tax	1,000	$ 1,000
Accumulated fair value hedge adjustment on hedged item included in carrying amount liabilities	$ 1,000	1,000
Percentage change in rate of interest percentage	1%
Estimated increase decrease in annual interest expense	$ 3,000
Other comprehensive income, net of tax, exchange differences on translation of foreign operations	(45,701)	72,406
Foreign exchange loss	58,933	19,202
USD
Disclosure of detailed information about financial instruments [line items]
Other comprehensive income, net of tax, exchange differences on translation of foreign operations	$ 621,000
ARS
Disclosure of detailed information about financial instruments [line items]
Percentage of reasonably possible decrease in unobservable input assets	5%
Additional foreign exchange loss	$ (1,000)
Foreign exchange loss	$ 83,000
Revolving Credit Facility Term Loan And Notes [Member]
Disclosure of detailed information about financial instruments [line items]
Interest coverage ratio	4.2
Net funded debt to EBITDA ratio	2.3
Senior secured net funded debt to EBITDA ratio	0.7
USA And Canada [Member] | One Customer [Member]
Disclosure of detailed information about financial instruments [line items]
Percentage of accounts receivable and contract assets	10%
Investment In Preferred Shares [Member]
Disclosure of detailed information about financial instruments [line items]
Financial assets at fair value		29,000
Investment In Preferred Shares [Member] | Long Term Receivables [Member]
Disclosure of detailed information about financial instruments [line items]
Financial assets at amortized costs		$ 28,000
Bottom of range [member]
Disclosure of detailed information about financial instruments [line items]
Percentage of entities revenue	10%	10%
Percentage of accounts receivable and contract assets		10%
Bottom of range [member] | Revolving Credit Facility Term Loan And Notes [Member]
Disclosure of detailed information about financial instruments [line items]
Interest coverage ratio	2.5
Top of range [member] | Revolving Credit Facility Term Loan And Notes [Member]
Disclosure of detailed information about financial instruments [line items]
Net funded debt to EBITDA ratio	4
Senior secured net funded debt to EBITDA ratio	2.5
Senior Unsecured Notes [Member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities at amortized costs	$ 823,000
Senior Unsecured Notes [Member] | Discount rate, measurement input [member] | Weighted average [member]
Disclosure of detailed information about financial instruments [line items]
Weighted average discount rate	9

Capital Disclosures -Summary of

Capital Disclosures -Summary of Reconciliation of Net Debt Plus Shareholders' Equity (Detail) - CAD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Disclosure of Reconciliation of Net debt to EBITDA ratio [Line Items]
Long-term debt	$ 1,214,918	$ 1,390,325
Cash and cash equivalents	(126,089)	(253,776)	[1]	$ (172,758)
Net debt	1,088,829	1,136,549
Total shareholders' equity	1,394,022	1,542,908		$ 1,353,754
Total capital	$ 2,482,851	$ 2,679,457
[1]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments for the acquisition of Exterran as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information - Disclosure of Changes in Working Capital and Other (Detail) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Net Change in Working Capital and Other [Line Items]
Accounts receivable	$ (70,013)	$ (56,861)
Contract assets	55	(45,169)
Inventories	(20,100)	(78,697)
Work-in-progress related to finance leases	41,986	(5,817)
Finance leases receivable	24,965	(81,049)
Income taxes receivable	6,307	3,097
Prepayments and other	(5,181)	(35,198)
Net assets held for sale	(2,906)	0
Long-term receivables related to preferred shares	27,954	0
Accounts payable and accrued liabilities and provisions	(42,586)	77,875
Income taxes payable	(556)	(11,042)
Deferred revenue	22,336	179,497
Other current liabilities	7,936	0
Foreign currency and other	23,530	(17,954)
Increase Decrease In Working Capital	13,727	(71,318)
Interest paid – short- and long-term borrowings	143,114	29,640
Interest paid – lease liabilities	6,789	3,398
Total interest paid	149,903	33,038
Interest received	36,168	1,269
Taxes paid	56,644	27,813
Taxes received	$ 1,024	$ 5,399

Supplemental Cash Flow Inform_4

Supplemental Cash Flow Information - Summary Of Reconciliation Of Liabilities Arising From Financing Activities (Detail) - Long-term borrowings [member] - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Accretion of bond discount
Long-term debt, opening balance	$ 1,390,325	$ 331,422
Debt assumed on Acquisition (Note 6)	0	1,022,112
Changes from financing cash flows	(164,089)	90,973
The effect of changes in foreign exchange rates	(31,557)	(4,099)
Amortization of deferred transaction costs	14,488	4,046
Accretion of Notes discount	10,635	2,070
Debt transaction costs	(4,884)	(56,199)
Long-term debt, closing balance	$ 1,214,918	$ 1,390,325

Guarantees, Commitments,And C_2

Guarantees, Commitments,And Contingencies - Summary of Companys purchase obligations of future period (Detail) $ in Thousands	Dec. 31, 2023 CAD ($)
Disclosure of Companys purchase obligations of future period [Abstract]
2024	$ 528,003
2025	22,047
2026	$ 937

Guarantees, Commitments,And C_3

Guarantees, Commitments,And Contingencies - Additional Information (Detail) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2017 MXN ($)	Dec. 31, 2023 CAD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CAD ($)	Jan. 31, 2022 MXN ($)
Disclosure of Companys purchase obligations of future period [Line Items]
Employee Severance Pay	$ 1,400,000				$ 2,152,000,000
Employee Average Salary Per Day	$ 3,500
Secured Revolving Credit Facility [Member]
Disclosure of Companys purchase obligations of future period [Line Items]
Letters of credit, outstanding		$ 186		$ 175
Secured Revolving Credit Facility [Member] | Performance Guaranteed By Export Development Canada [Member]
Disclosure of Companys purchase obligations of future period [Line Items]
Letters of credit, outstanding				0
Debt Instrument Current Borrowing Capacity		93	$ 70
Secured Revolving Credit Facility [Member] | Performance Guaranteed By Export Development Canada [Member] | Letter Of Credit Facility [Member]
Disclosure of Companys purchase obligations of future period [Line Items]
Letters of credit, outstanding		48	36
Debt Instrument Current Borrowing Capacity			$ 70
Secured Revolving Credit Facility [Member] | Performance Guaranteed By Export Development Canada [Member] | Revolving Credit Facility [Member]
Disclosure of Companys purchase obligations of future period [Line Items]
Letters of credit, outstanding		$ 138		$ 175

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2023
Text Block 1 [Abstract]
Percent of equity method investment	45
Percent interest in a joint venture	65

Related Party Transactions - Su

Related Party Transactions - Summary of Remuneration of Directors and Other Key Management Personnel (Detail) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Key Management Personnel [Abstract]
Salaries, Director fees and other short-term benefits	$ 5,580	$ 6,350
Post-employment compensation	690	721
Share-based payments	$ 8,446	$ 8,315

Related Party Transactions - _2

Related Party Transactions - Summary of Financial Statement Impacts of all Transactions with Related Parties (Detail) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of transactions between related parties [line items]
Revenue	$ 3,162,095	$ 1,777,798
Associate – Roska DBO [member]
Disclosure of transactions between related parties [line items]
Revenue	2,543	1,755
Purchases	0	4
Accounts receivable	$ 12	$ 22

Segmented Information - Summary

Segmented Information - Summary Of Detailed Information About Geographical Areas (Detail) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021	[2]
Disclosure of geographical areas [line items]
Segment revenue	$ 3,206,318	$ 1,874,760
Intersegment revenue	(44,223)	(96,962)
Revenue	3,162,095	1,777,798
Gross Margin	617,146	322,716
SG&A	395,875	301,242
Foreign exchange loss	58,933	19,202
Operating income (loss)	162,338	2,272
Segment assets	3,337,698	3,260,948
Goodwill	571,810	674,396	[1],[2]	$ 566,270
Corporate	2,472	322,724
Total segment assets	3,911,980	4,258,068
EI [member]
Disclosure of geographical areas [line items]
Revenue	777,702	381,087
AMS [member]
Disclosure of geographical areas [line items]
Revenue	652,198	443,660
ES [member]
Disclosure of geographical areas [line items]
Revenue	1,732,195	953,051
North America [member]
Disclosure of geographical areas [line items]
Segment revenue	1,939,778	1,303,885
Intersegment revenue	(33,168)	(93,778)
Revenue	1,906,610	1,210,107
Gross Margin	364,497	195,503
SG&A	194,870	179,862
Foreign exchange loss	398	872
Operating income (loss)	169,229	14,769
Segment assets	1,606,304	1,602,755
Goodwill	220,657	224,992
Corporate	0	0
Total segment assets	1,826,961	1,827,747
North America [member] | EI [member]
Disclosure of geographical areas [line items]
Revenue	171,276	141,900
North America [member] | AMS [member]
Disclosure of geographical areas [line items]
Revenue	385,814	298,333
North America [member] | ES [member]
Disclosure of geographical areas [line items]
Revenue	1,349,520	769,874
Latin America [member]
Disclosure of geographical areas [line items]
Segment revenue	473,824	221,628
Intersegment revenue	(1,295)	(434)
Revenue	472,529	221,194
Gross Margin	115,569	50,015
SG&A	71,538	47,379
Foreign exchange loss	58,398	17,290
Operating income (loss)	(14,367)	(14,654)
Segment assets	631,577	829,676
Goodwill	0	89,264
Corporate	0	0
Total segment assets	631,577	918,940
Latin America [member] | EI [member]
Disclosure of geographical areas [line items]
Revenue	335,532	129,723
Latin America [member] | AMS [member]
Disclosure of geographical areas [line items]
Revenue	76,792	38,057
Latin America [member] | ES [member]
Disclosure of geographical areas [line items]
Revenue	60,205	53,414
Eastern Hemisphere [member]
Disclosure of geographical areas [line items]
Segment revenue	792,716	349,247
Intersegment revenue	(9,760)	(2,750)
Revenue	782,956	346,497
Gross Margin	137,080	77,198
SG&A	129,467	74,001
Foreign exchange loss	137	1,040
Operating income (loss)	7,476	2,157
Segment assets	1,099,817	828,517
Goodwill	351,153	360,140
Corporate	0	0
Total segment assets	1,450,970	1,188,657
Eastern Hemisphere [member] | EI [member]
Disclosure of geographical areas [line items]
Revenue	270,894	109,464
Eastern Hemisphere [member] | AMS [member]
Disclosure of geographical areas [line items]
Revenue	189,592	107,270
Eastern Hemisphere [member] | ES [member]
Disclosure of geographical areas [line items]
Revenue	$ 322,470	$ 129,763
[1]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments for the acquisition of Exterran as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.[2]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments related to the Transaction as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Segmented Information - Summa_2

Segmented Information - Summary Of Detailed Information About Geographical Areas (Parenthetical) (Detail) - CAD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021	[2]
Disclosure of geographical areas [line items]
Goodwill	$ 571,810	$ 674,396	[1],[2]	$ 566,270
CANADA
Disclosure of geographical areas [line items]
Goodwill	40,000	40,000
UNITED STATES
Disclosure of geographical areas [line items]
Goodwill	$ 181,000	$ 185,000
[1]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments for the acquisition of Exterran as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.[2]Certain balances as at December 31, 2022 have been re-presented as a result of measurement period adjustments related to the Transaction as required by IFRS 3 “Business Combinations”, refer to Note 6 “Acquisition” for more information.

Segmented Information - Additio

Segmented Information - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2023 Segments
Statements [Line Items]
Number Of Reporting Segments	3

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail)	May 01, 2024 $ / shares
Quarterly Dividend Declared [Member]
Statements [Line Items]
Dividend payable per share	$ 0.025