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

U.S. Gas Reserves Jumped 10% in 2013

Proved natural gas proved reserves in in the U.S. jumped 31 Tcf (878 x 109 m3) to a record 354 Tcf (10 x 1012 m3) last year, the Energy Information Administration (EIA) has reported.

Holt Cat Expands San Antonio Facility

Holt Cat has completed a US$11 million, 40,000 sq.ft. (3700 m2) heavy equipment service and rebuild facility at its San Antonio, Texas, complex.

GE Centrifugals Set for Canadian LNG Plant

Mexico Finishes First Los Ramones Pipeline

Mexican President Enrique Peña Nieto has inaugurated the first phase of the Los Ramones gas pipeline system in a ceremony at a compressor station near Los Ramones in Nuevo León state.

Shale Surpasses Conventional Gas

The U.S. Energy Information Administration (EIA) has reported that shale gas was the largest source of the record 82 Bcfd (2.3 x 109 m3/day) of U.S. natural gas withdrawals in 2013.