Exterran Corporation (EXTN) Q2 2021 Earnings Conference Call August 10, 2021 11:00 AM ET Company Participants Blake Hancock - VP, IR Andrew Way - President and CEO David Barta - SVP and CFO Conference Call Participants Kyle May - Capital One Samantha Hoh - Evercore ISI Tim Monachello - ATB Capital Doug Becker - Northland Capital Brian DiRubbio - Baird Operator Greetings and welcome to Exterran Corporation Second Quarter 2021 Earnings Call. [Operator Instructions] I would now like to turn this conference ove ...

Enerflex Ltd. (ENRFF) Q1 2021 Earnings Conference Call May 6, 2021 10:00 AM ET Company Participants Stefan Ali – Director of Investor Relations Marc Rossiter – President and Chief Executive Officer Sanjay Bishnoi – Senior Vice President and Chief Financial Officer Ben Park – Vice President, Corporate Controller Conference Call Participants Michael Robertson – National Bank Aaron MacNeil – TD Securities Tim Monachello – ATB Capital Markets Keith MacKey – RBC Operator Thank you for standing by, and welcome to ...

Exterran Corporation (EXTN) Q4 2020 Results Conference Call March 2, 2021 11:00 AM ET Company Participants Blake Hancock - Vice President, Investor Relations Andrew Way - President and Chief Executive Officer David Barta - Senior Vice President and Chief Financial Officer Conference Call Participants Kyle May - Capital One Securities Douglas Becker - Northland Capital Markets Samantha Hoh - Evercore ISI Tim Monachello - ATB Capital Brian DiRubbio - Baird Operator Greetings, and welcome to the Exterran Fourt ...

Financial Data and Key Metrics Changes - Third quarter revenue was $265 million, a substantial decrease compared to the prior year due to lower Engineered Systems revenue and weaker bookings [12][10] - Service revenue declined by 11% due to COVID-19 travel restrictions and pricing pressure in the U.S. [12] - Gross margins decreased, but the gross margin percentage remained consistent due to increased contributions from recurring revenue product lines [12] - Net debt decreased by $62 million in the quarter, totaling an $80 million reduction since March 31, demonstrating cash flow discipline [18] Business Line Data and Key Metrics Changes - The Engineered Systems business faced significant weakness, with bookings and revenue down from previous years [10] - The aftermarket services (AMS) business showed resilience, supported by the return of North American production [7] - The global asset ownership platform maintained an average utilization of 81% in the U.S. fleet, with contributions from BOOM projects in Argentina and Brazil [8] Market Data and Key Metrics Changes - The oil and gas sector continues to experience uncertainty around commodity prices due to COVID-19's impact on energy demand [6] - The Rest of World segment is less sensitive to commodity price fluctuations, with recent successes in Latin America and the Middle East [9][10] Company Strategy and Development Direction - The company is focusing on maintaining capital discipline and pursuing only the most attractive projects in the current environment [10] - Investments in asset ownership and AMS businesses are expected to drive consistent financial performance into 2021 [11] - The company is monitoring performance and making cost reduction decisions in response to industry turbulence [11] Management's Comments on Operating Environment and Future Outlook - Management anticipates that broader weakness in Engineered Systems bookings will persist into 2021 [6] - There is cautious optimism regarding a gradual recovery in customer inquiries and orders based on macro indicators [30] - The company is prepared for potential shifts towards electrified compression and lower carbon intensity projects [6][37] Other Important Information - Capital spending for 2020 is now estimated at approximately $135 million to $140 million, an increase from previous estimates due to project completion costs [15] - The company declared a $0.02 per share dividend to be paid on January 7, 2021, based on cash flow availability [17] Q&A Session Summary Question: Utilization levels for the contract compression fleet - Management noted stable utilization in the fleet but refrained from making predictions about future levels [21] Question: Pricing pressure and customer sentiment - Management confirmed that while customers remain price-sensitive, there is a high need for reliability and good service, which supports pricing stability [22] Question: Confidence in CapEx controls and risk mitigation - Management expressed confidence in their underwriting process and risk evaluation for ongoing projects, despite market volatility [25] Question: Demand for gas-focused drilling in 2021 - Management observed a muted yet positive comeback in customer inquiries and orders, particularly in key basins [30] Question: Cost structure in the Engineered Systems business - Management emphasized the importance of right-sizing the business in response to market conditions and indicated ongoing capital planning for 2021 [33] Question: Challenges in ramping up the business - Management highlighted the difficulty in retaining talent while adjusting cost structures, which is crucial for future growth [35] Question: Electrified compression and alternative demand sources - Management is monitoring customer interest in electric-driven solutions and is prepared to meet potential demand shifts [36][39]