On January 4, 2017, Exterran Corporation (the Company) issued a
press release announcing its financial results for the three
month periods ended March 31, 2016, June 30, 2016 and September
30, 2016 and the completion of the Companys previously announced
restatement of its financial results, including the filing of an
amended annual report on Form 10-K for the year ended December
31, 2015 (the Form 10-K/A), as well as the filing of quarterly
reports on Form 10-Q for each of the quarters ended March 31,
2016, June 30, 2016 and September 30, 2016. As described in the
press release, the Company will also host a conference call for
investors to discuss its financial results and provide investors
with an update concerning the Companys business on January 5,
2017. A copy of the press release is furnished as Exhibit 99.1
hereto and incorporated herein by reference.

The information furnished to this Item 2.02, including Exhibit
99.1, shall not be deemed to be filed for the purposes of Section
18 of the Securities Exchange Act of 1934, as amended (the
Exchange Act), and will not be incorporated by reference into any
filing under the Exchange Act or the Securities Act of 1933, as
amended, unless specifically identified therein as being
incorporated therein by reference.

Item 4.02 Non-Reliance on Previously Issued Financial Statements
or a Related Audit Report or Completed Interim Review.

As previously reported, on April 26, 2016, the Companys
management and the Audit Committee of the Board of Directors
determined, based on the preliminary results of an internal
investigation, that the Companys consolidated and combined
financial statements for 2015 and related report of independent
registered public accounting firm should no longer be relied upon
as a result of material errors, and possible irregularities,
relating to the Companys business lines responsible for the
engineering, procurement and construction for the manufacture of
tanks for tank farms and the manufacture of evaporators and brine
heaters for desalination plants in the Middle East (Belleli EPC)
within the Companys product sales segment in estimating the total
costs required to complete projects.

As discussed in the Form 10-K/A filed today and the press release
furnished as Exhibit 99.1 hereto, following the internal
investigation, management identified inaccuracies related to
projects within the Companys Belleli EPC product sales segment,
errors related to non-income-based tax receivables in Brazil and
other adjustments for immaterial items impacting the years ended
December 31, 2015, 2014, 2013, 2012 and 2011 (including the
unaudited quarterly periods within 2015 and 2014). After
managements and the Audit Committees assessment of those matters,
on December 29, 2016, management and the Audit Committee
determined that the Companys consolidated and combined financial
statements for 2014 and 2013 and related report of independent
registered public accounting firm included in the Companys
original Annual Report on Form 10-K for the year ended December
31, 2015 should no longer be relied upon and to restate such
financial statements. The restatement of the Companys
consolidated and combined financial statements for 2015, 2014 and
2013 and its effects have been set forth in the Companys Form
10-K/A and quarterly reports on Form 10-Q for each of the
quarters ended March 31, 2016, June 30, 2016 and September 30,
2016. The Form 10-K/A also includes restated selected financial
data as of and for the years ended December 31, 2015, 2014, 2013,
2012 and 2011. The Companys management and the Audit Committee
have discussed these matters with Deloitte Touche LLP, the
Companys independent accountants.

Item 5.02 Departure of Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.

As reported on Current Report on Form 8-K dated October 31, 2016,
David A. Barta joined the Company as Senior Vice President and
Chief Financial Officer Designate on November 7, 2016, and was
expected to assume the role of Chief Financial Officer
immediately after the Company filed its Form 10-K/A for the year
ended December 31, 2015 and Form 10-Qs for the periods ended
March 31, 2016, June 30, 2016 and September 30, 2016. Raymond
Carney, the Companys Chief Accounting Officer, was expected to
function as principal financial officer for reporting purposes
until Mr. Barta assumed the role of Chief Financial Officer. On
December 29, 2016, the Company and Mr. Barta agreed that Mr.
Barta will assume the role of Chief Financial Officer effective
as of that date.