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

EIA: Natural Gas Prices Stay Flat

Natural gas prices varied slightly over the report week (Aug. 19 to Aug. 26), but were mostly flat at most market locations, according to the U.S. Energy Information Administration.

Vortex-Shedding Pulsation Testing For Piping Systems (Part 2)

Vortex-Shedding Pulsation Testing For Piping Systems (Part 1)

Proteo - Advanced Diagnostic And Protection Systems For Centrifugal Pumps

This paper presents Proteo, a centrifugal pump model-based control system that ensures energy benefits from a variable speed drive (VSD) technique.

Pumping Up The FPSO Sector

Sulzer provides pump products for FPSOs, especially custom designs that can endure severe conditions on the high seas.