EXTN - Exterran Corporation Looks For Steadier Revenue Base When North America Shrinks
Exterran Faces Challenges
Exterran Corporation (EXTN) will look to reduce its exposure to the U.S. compression fabrications business due to the business’s volatile nature. As opportunities in the North American shale plays dry up following the crude oil price crash, the company scouts for new services in the Middle East. Its Product Sales segment backlog grew tremendously in Q1, which can lead to higher revenue realization in 2020.
EXTN has also taken various steps to reduce costs. However, low natural gas prices will adversely affect the AMS segment performance in Q2, while in