(RTTNews) - Exterran Holdings, Inc. (EXH: News ), an oil and natural gas operations, maintenance, service, and equipment provider, Thursday reported a decline in profit for the third quarter, reflecting lower revenues from all operating segments. Exterran Partners, L.P. (EXLP: News ), in which Exterran Holdings owns a majority interest, also reported its third quarter results with lower net income.

Exterran Holdings' net income attributable to shareholders for the third quarter declined to $18.19 million or $0.30 per share from $37.03 million or $0.57 per share in the previous year.

On average, nine analysts polled by Thomson Reuters expected the company to report earnings of $0.13 per share for the quarter. Analysts' estimates typically exclude special items.

Income from continuing operations attributable to shareholders for the third quarter was $24.8 million or $0.38 per share. Income from continuing operations excluded pretax charges that totaled $3.6 million and included a $2.6 million restructuring charge related to consolidation of fabrication facilities in North America, as well as a $1.0 million charge related to investments in non-consolidated affiliates in Venezuela.

Excluding charges, income from continuing operations attributable to shareholders was $24.4 million or $0.39 per diluted share, compared to $24.0 million or $0.37 per diluted share last year.

Total revenues for the quarter declined to $679.71 million from $756.26 million a year ago. Analysts estimated a revenue of $640.37 million for the quarter.
Revenues from North America contract operations declined to $167.57 million from $197.93 million last year. Revenues from International contract operations were $96.42 million, compared to $99.68 million a year ago. Revenues from aftermarket services declined to $75.53 million from $94.04 million, and revenue from fabrication declined to $340.19 million from $364.61 million.

Gross margin for the quarter was $229.90 million or 34% of revenues, down from $263.14 million or 35% of revenues in the previous year.

Depreciation and amortization charges increased to $87.78 million from $83.03 million in the previous year. The company reported restructuring charges of $2.62 million for the third quarter.

Further, natural gas contract operations services provider Exterran Partners reported that its net income for the third quarter declined to $2.0 million or $0.09 per limited partner unit from $9.4 million or $0.49 per limited partner unit in the previous year. Net income, excluding charge, was $2.008 million or $0.09 per limited partner unit compared to $9.411 million or $0.49 limited partner unit last year.

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