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

MAN Diesel & Turbo Invests In The Middle East

Atlas Copco Acquires Kohler Druckluft

Atlas Copco has acquired the compressor business of Kohler Druckluft, with operations in Austria, Switzerland and Liechtenstein.

Atlas Copco Extends ZH, ZH+ Compressor Range

Atlas Copco’s range of ZH and ZH+ oil-free centrifugal compressors has expanded to provide a wider range of flows and pressures to industrial process plants.

EPA Issues New Methane Rules

The U.S. Environmental Protection Agency (EPA) has announced the adoption of new final rules regulating methane emissions related to the oil & gas industry.

Gas Malaysia Plans Pipeline Expansion

Gas Malaysia plans to expands its natural gas network by adding up to 100 km of gas pipelines, a project that would cost between US$32.3 to US$34.8 million.