Edit ModuleShow Tags

Exterran Reports Solid Second Quarter Earnings

Fabrication bookings at two-year high


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

SKF, Hanbell To Develop Magnetic Chiller Compressors

SKF has signed a strategic cooperation agreement with Hanbell to jointly developing magnetic chiller centrifugal compressors.

GE To Pull Operations Out Of Waukesha

Reliability Concepts Picks Up Alignment Supplies

Reliability Concepts, a Michigan-based provider of predictive maintenance equipment, services and training, has purchased Alignment Supplies.

EIA: Natural Gas Prices Drop, Storage Increases

Natural gas prices dropped in most market locations across the United States during the Sept. 9 to Sept. 16 report week, according to the Energy Information Administration.

GE Upgrading Pemex Compressor Trains

GE Oil & Gas signed a contract with Avanzia Group to refurbish and upgrade four CO2 compression trains as well as all the auxiliaries and balance of plant (BOP) components of Mexico’s state-owned oil and gas company Petróleos Mexicanos’s (Pemex) nitrogen-based fertilizer facility.