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Exterran Corporation (NYSE: EXTN) has announced a rescheduling of its fourth quarter 2020 earnings release to March 2, 2021, due to severe weather causing power outages in Southeast Texas. The earnings report will be released before the market opens, followed by a conference call at 10 a.m. Central Time the same day. Investors can join via telephone or audio webcast. The company provides essential midstream infrastructure solutions in oil, gas, water, and power markets across approximately 25 countries.
Exterran Corporation (NYSE: EXTN) will release its fourth quarter 2020 results on February 25, 2021, before market opening. A conference call will follow that day at 10 a.m. Central Time to discuss the results, available via phone or online webcast. Investors can dial 877-524-8416 for participation and access a replay until March 4, 2021. Exterran provides critical midstream infrastructure solutions in the oil, gas, water, and power markets globally. Visit www.exterran.com for more details.
Exterran Corporation (NYSE: EXTN) announced a credit facility amendment reducing its size from $700 million to $650 million. The amendment modifies EBITDA definitions for financial covenants to include anticipated earnings from new Contract Operations projects on a pro-forma basis during construction. CEO Andrew Way expressed gratitude towards the banking group for their support, noting that the amendment enhances liquidity for new projects that align with return thresholds, ultimately benefiting long-term shareholder value.
Exterran Corporation (NYSE: EXTN) reported its third quarter 2020 results, reflecting a net loss of $16.7 million and revenue of $169.5 million. This marks an improvement over the previous quarter's loss of $19.3 million on $131.1 million revenue. The company renewed a contract operations deal worth approximately $80 million without requiring additional CAPEX, contributing to over $200 million in total renewals in Latin America this year. EBITDA, as adjusted, stood at $35.8 million, up from $24.9 million in Q2 2020.
Exterran Corporation (NYSE: EXTN) will release its Q3 2020 results on November 2, 2020, before market opening. A conference call is scheduled for the same day at 10 a.m. CT to discuss these results, available via phone or webcast. As a global provider of natural gas processing and treatment services, Exterran plays a crucial role in midstream infrastructure across oil, gas, water, and power sectors.
The company is headquartered in Houston, Texas, and operates in approximately 25 countries worldwide.
Exterran Corporation (NYSE: EXTN) announced the voluntary resignation of Chief Operating Officer Girish Saligram, effective September 25, 2020. Saligram will transition to a CEO role at another company. Andrew Way, Exterran’s President and CEO, expressed gratitude for Saligram’s contributions over four years and mentioned that his responsibilities will be reassigned internally. Saligram emphasized the rewarding experience at Exterran and his pride in the team's accomplishments.
Exterran Corporation (NYSE: EXTN) announced the sale of its U.S. compression fabrication business to Compass Energy Systems Ltd. The terms of the deal remain undisclosed, with an expected closure in the fourth quarter of 2020, pending customary conditions. CEO Andrew Way expressed satisfaction with this development, indicating it as beneficial for the company, employees, and customers. Exterran is a leader in providing midstream infrastructure solutions globally, focused on the oil and gas industry.
Exterran Corporation (NYSE: EXTN) will release its second quarter 2020 results on August 10, 2020, before the market opens. A conference call is scheduled for the same day at 10 a.m. Central Time to discuss these results, available via phone or audio webcast. Investors can dial 877-524-8416 for participation. A replay is accessible until August 17, 2020. Exterran provides global solutions in the oil, gas, water, and power sectors, specializing in natural gas processing and midstream infrastructure, operating in around 25 countries worldwide.
Exterran Corporation (NYSE: EXTN) reported its first quarter 2020 operational update amidst COVID-19 challenges and weak commodity prices. The company achieved revenue of $208-212 million and a gross margin of $70-75 million. Its backlog stands at around $640 million in product sales and $1.35 billion in contract operations. Exterran plans to reduce structural costs to align with market conditions. The first quarter earnings call is scheduled for May 11, 2020, to provide further guidance and insights into financial performance.
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