Enterprise Group (E) Q2 2025 earnings summary

Executive summary

• Q2 2025 revenue was $6.49M, down 16% year-over-year; gross margin and adjusted EBITDA also declined due to lower activity and non-recurring acquisition costs.

• Six-month revenue was $16.81M, a 16% decrease from the prior year; net income for the period was $2.05M, down from $4.07M.

• Recent acquisition and exclusivity agreement positions the company as a market leader in natural gas to electric power solutions.

Financial highlights

• Q2 2025 gross margin was $1.65M (25%), down from $3.32M (43%) in Q2 2024.

• Adjusted EBITDA for Q2 2025 was $0.80M (12%), compared to $2.65M (34%) in Q2 2024.

• Net loss for Q2 2025 was $0.93M, compared to net income of $0.08M in Q2 2024.

• Six-month adjusted EBITDA was $5.22M (31%), down from $8.99M (45%) year-over-year.

Outlook and guidance

• Industry activity is expected to increase in the second half of 2025, supported by long-term drilling and commodity price trends.

• Additional investments in liquified natural gas systems and customer adoption of natural gas solutions are expected to drive growth.