Edit ModuleShow Tags

Business Slips for Exterran in early 2014

It reports lower first-quarter revenues, profits, backlog


Published:

Exterran Holdings Inc. said its earnings before interest, taxes, depreciation and amortization were US$144.8 million for the first quarter compared to US$154.4 million for the fourth quarter 2013 and US$146.1 million for the first quarter 2013.

Revenue was US$643 million for the first quarter 2014, compared to US$739 million for the fourth quarter 2013 and US$809.9 million for the first quarter 2013.

Fabrication backlog was US$669.1 million as of March 31, compared to US$679.9 million on Dec. 31, 2013 and US$994 million on March 31, 2013. Fabrication bookings were US$276.6 million for the first quarter, compared to US$402.9 million for the fourth quarter 2013 and US$387 million for the first quarter 2013.

“First quarter highlights included continued solid performance in all of our business segments and improved profitability in our fabrication operations, which reflect sustained improvement from our performance improvement initiatives,” said Brad Childers, Exterran Holdings president and CEO. “Looking at our markets, our overall opportunity set remains promising across our product and service lines, and demand is particularly active for compression products and services in North America.”

Edit ModuleShow Tags

Archive »Archive »

HiPower Systems Signs New Distributor

HiPower Systems, a manufacturer of power generation and power distribution equipment in the U.S. and Canada, has signed RDO Equipment Co. to be a distributor in North Dakota, South Dakota, Minnesota and eastern Montana.

Altenesol Completes 15-Year LNG Contract

IAHL Corp. announced that its subsidiary, Altenesol LNG Colombia S.A.S., has finalized a 15 year take-or-pay agreement for its first LNG train.

EIA: Report Week Ends With Flat Natural Gas Prices

Natural gas prices were flat at most trading locations between March 11 to March 18 (the report week), according to the Environmental Information Administration (EIA).

EQT Midstream Partners Buys EQT’s Virginia Gas Gathering System

EQT Midstream Partners has entered into an agreement with EQT Corp. to acquire its Northern West Virginia Marcellus Gathering System, along with a preferred interest in an EQT subsidiary, for US$1.05 billion.

Beta’s Leadership Team Adds Two

Beta Machinery Analysis (Beta) announced two additions to its leadership team. The new personnel reflect BETA’s growing business in China and Southeast Asia, and its expanded services in piping vibration and integrity.