Exterran has paid down more than $100 million of debt since late 2015

By Devika Patel

Knoxville, Tenn., Feb. 26 – Exterran Corp. has paid over $100 million of its debt since the end of 2015, senior vice president and chief financial officer David A. Barta said.

Barta was speaking on the company’s fourth quarter and year ended Dec. 31, 2018 earnings conference call on Tuesday.

Total debt as of the end of the fourth quarter was $404 million.

As of year-end, the company’s debt to adjusted EBITDA leverage ratio was 1.8x.

Cash and cash equivalents were $19.3 million as of Dec. 31, 2018, compared to $49,145,000 as of Dec. 31, 2017. The company had $578 million of available credit as of Dec. 31, 2018.

Houston-based Exterran provides services to the natural gas industry.

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