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What: Shares of Exterran Holdings
So what: For the fourth quarter of 2011, Exterran Holdings reported a net loss of $66.6 million, or $1.06 per share, on revenue of $702.9 million. The company also said it would be selling compression and processing assets to Exterran Partners
Now what: The fourth-quarter loss may be an improvement and better than analysts estimated, but I'm having a hard time getting excited about it. Analysts are still expecting a $1.00 loss per share in 2012, and with the energy business going gangbusters I'm not buying into a company that can't make a profit in this environment. Once Exterran swings to a profit, I may take a look again, but for now I will stick to energy stocks that aren't losing money and sitting on a pile of debt.
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