Abstract: A modulating check valve and method of operating the modulating check valve adapted for mounting to an inlet of a compressor. The modulating check valve includes a flow section through which fluid flow. The flow section has an intake portal and an outlet portal connected to the inlet of the compressor. A flapper valve is disposed in the flow section to prevent backflow from the outlet portal to the intake portal. An actuator controls the flapper valve allowing the flapper valve to open, close and modulate the fluid flow from the intake portal to the outlet portal of the flow section in response to fluid pressure at an outlet of the compressor.