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Exterran files to delay Form 10-Q

Published 11/15/2016, 08:58 AM
Exterran files to delay Form 10-Q
  • Exterran (NYSE:EXTN) says it is unable to file its Form 10-Q for Q3, as it continues its internal investigation of possible errors in applying percentage-of-completion accounting principles to engineering, procurement and construction projects in the Middle East by its Belleli Energy subsidiary.
  • EXTN has been looking into the matter since delaying its Q1 filing after its audit committee first determined it did not properly account for the Belleli items; the company received a non-compliance warning from the NYSE for failure to timely file its Q1 10-Q.

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