Edit ModuleShow Tags

Exterran Reports Solid Second Quarter Earnings

Fabrication bookings at two-year high


Published:

Exterran Holdings Inc. said its earnings before interest, taxes, depreciation and amortization were US$161.1 million for the second quarter 2014, compared to US$144.8 million for the first quarter and US$176.1 million for the second quarter 2013.

Revenue was US$739.3 million for the second quarter, compared to US$643 million for the first quarter and US$835.9 million for the second quarter 2013.

Fabrication backlog was US$818.1 million at June 30, compared to US$669.1 million at March 31 and US$746.5 million at June 30. Fabrication bookings were US$471.6 million for the second quarter, compared to US$276.6 million for the first quarter and US$209 million for the second quarter 2013.

“We achieved solid quarterly operating performance in the second quarter 2014, strong organic horsepower growth in our North America contract operations business and the highest level of bookings in our fabrication business in two years,” said Brad Childers, President and CEO.

“We continue to be optimistic about our opportunity set in North America and international markets, and we are pleased with Exterran Partners’ recently announced agreement to acquire additional compression assets from MidCon,” added Childers.

 

Edit ModuleShow Tags

Archive »Recent Articles

Opcon Selling Compressor, Waste Heat Business

Opcon AB, the energy and environmental technology group, has signed a Memorandum of Understanding (MoU) to sell part of its compressor technology and waste heat recovery business.

St. Clair Compressor Station Gets Upgrade

Consumers Energy is looking to improve the St. Clair Compressor Station, Ira Township, Michigan, with a US$165 million upgrade.

Capstone Microturbines To Power Two New Shale Compressor Stations

Capstone Turbine received orders from E-Finity Distributed Generation for microturbines to be used for oil and gas operations in the Marcellus and Utica Shale regions.

DCL Nets PICA As New Distributor

DCL America Inc. has added a new distributor for its Northeastern United States - Power Ignition and Controls Appalachia (PICA).

Caterpillar Releases Valves, Seats For Pressure Pumping Customers

Caterpillar has released its Cat valves and seats for well stimulation pump fluid ends. Cat 4- and 5-series valves and seats are designed to maximize interchangeability across the Cat well stimulation fluid end line and be dimensionally compatible with industry standard fluid ends in the 2000 to 3000 hp (1491 to 2237 kW) range. Fluid end valves and seats are highly-consumed parts in well stimulation operations and, as a result, are frequently replaced. Historically, Caterpillar uses valves and seats obtained from alternate sources. Caterpillar’s new fluid end valves and seats provide decreased wear and extended life to pressure pumping customers, the company said. The material life of the fluid ends is extended by optimizing the geometry of the Cat valve and seat, increasing the contact area and improving the distribution of forces, resulting in reduced material fatigue, Cat said. The flow area is increased by balancing the pressure drop across the Cat valves, reducing flow restrictions and the potential for cavitation. Additionally, impact forces are reduced as the contact area between valve and seat has nearly doubled from previous designs. Caterpillar manufacturers a line of pressure pumps with maximum inputs ranging from 600 to 3000 bhp (447 to 2237 kW). The new valves and seats can be ordered from the global Cat dealer network.