Revenue during the quarter plunged 44.27 percent to $229.16 million from $411.17 million in the previous year period. Gross margin for the quarter expanded 566 basis points over the previous year period to 32.68 percent. Operating margin for the quarter stood at negative 4.83 percent as compared to a positive 2.40 percent for the previous year period.

Operating loss for the quarter was $11.06 million, compared with an operating income of $9.86 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $38.03 million compared with $56.32 million in the prior year period. At the same time, adjusted EBITDA margin improved 290 basis points in the quarter to 16.59 percent from 13.70 percent in the last year period.

"We remain committed to accuracy and transparency in our financial reporting, and today's filings are an important step forward for Exterran," said Andrew Way, Exterran's president and chief executive officer. "We thank our shareholders for their patience as we completed this process. We continued to create value by generating cash and repaying $177 million in debt for the year ended December 31, 2016. This was accomplished by maintaining focus on our contract operations and aftermarket services businesses, which produce recurring revenue and cash flows, while building a successful foundation for our oil and gas product sales through a lower cost structure. We also reduced overall operating costs, significantly lowered general and administrative expenses, streamlined our sales approach to better align with our customers and the markets we serve, strengthened our management team and fortified our already strong financial position and liquidity."