Archrock: 2015 Results – Strong Operating Margins, EBITDA Up
Archrock, Inc. today reported EBITDA, as adjusted (as defined below), of $86.0 million for the fourth quarter 2015, as compared to $90.7 million for the third quarter 2015 and $92.4 million for the fourth quarter 2014. Full-year 2015 EBITDA, as adjusted, of $373.2 million, up from $330.1 million in 2014 …
Archrock: Appoints Wendell Brooks to the Board
Archrock, Inc. (NYSE: AROC) today announced that Wendell R. Brooks has been appointed to its board of directors. Brooks is the former President of Production & Infrastructure and Executive Vice President at Forum Energy Technologies, Inc., a global oilfield products company serving the subsea, drilling, completion, production and infrastructure sectors …
Exterran: Q2 Results – EBITDA $162m
Exterran Holdings, Inc. today reported EBITDA, as adjusted (as defined below), of $162.5 million for the second quarter 2015, compared to $182.0 million for the first quarter 2015 and $161.1 million for the second quarter 2014. – EBITDA, as adjusted, of $162 million for the quarter, compared to $161 million …
Exterran: Delays Company Spin Off Due to Market Conditions
Exterran Holdings, Inc. announced today that the previously announced private offering of senior notes by its subsidiaries has been withdrawn due to adverse market conditions. Consequently, the planned spin-off of its international services and global fabrication businesses into a stand-alone, publicly traded company named Exterran Corporation will be delayed. Exterran …
Exterran: US Company to be Called Archrock Partners
Exterran and Exterran Partners are pleased to announce the future name of the market leader in U.S. natural gas contract compression services: Archrock. – After completion of Exterran’s separation transaction, the U.S. compression services company will be called “Archrock” – Non-U.S. contract operations, non-U.S. aftermarket services and global product lines …
Exterran Announces Management Teams for Post-Separation SpinCo and RemainCo
Exterran Holdings, Inc. (NYSE:EXH) today announced that Andrew Way will join the company on July 1, 2015 and, upon completion of the previously announced separation of Exterran’s international services and global oil and gas infrastructure product sales businesses into a standalone, publicly traded company (“SpinCo”), Way is expected to be appointed President and Chief Executive …
Exterran Partners Acquires Compression Assets from Exterran Holdings
Exterran Holdings, Inc. and Exterran Partners, L.P. today announced that Exterran Partners has acquired assets from Exterran Holdings for consideration valued at $102.3 million, including customer contracts serving 60 customers together with 244 compressor units used to provide compression services under those contracts. Those compressor units represent approximately 151,000 horsepower …
Exterran Holdings to Present at Scotia Howard Weil Energy Conference
Exterran Holdings, Inc. today announced that Brad Childers, President and Chief Executive Officer, and Jon Biro, Senior Vice President and Chief Financial Officer, are scheduled to present at the Scotia Howard Weil Energy Conference in New Orleans, La., on Wednesday, March 25, 2015, at 8:50 a.m. Central Time(9:50 a.m. Eastern …
Exterran Holdings Nominates Five New Directors to Its Board
Additional nominations in contemplation of Exterran Holdings’ previously announced plan to separate its international services and global fabrication businesses into a new publicly traded company (“SpinCo”) Exterran Holdings, Inc. today announced that its Board of Directors (“Board”) has nominated the following individuals for election to the Exterran Holdings Board at …
Exterran Holdings Reports Fourth-Quarter and Full-Year 2014 Results
Exterran Holdings, Inc. today reported EBITDA, as adjusted (as defined below), of $182.3 million for the fourth quarter 2014, as compared to $170.6 million for the third quarter 2014 and $154.4 million for the fourth quarter 2013. EBITDA, as adjusted, of $182 million for the quarter Organic horsepower growth of …