Archrock Announces Quarterly Cash Dividend
Archrock (NYSE: AROC) has declared a quarterly dividend of $0.165 per share of common stock, equivalent to $0.66 per share annually. This represents a 6% year-over-year increase. The dividend will be paid on August 13, 2024, to stockholders of record as of August 6, 2024. CEO Brad Childers emphasized the company's commitment to returning capital to shareholders through a well-covered dividend.
Archrock is also in the process of acquiring Total Operations and Production Services, expected to close by the end of 2024. This acquisition is anticipated to be immediately accretive to earnings per share and cash available for dividend per share, potentially enhancing the company's financial flexibility and capacity for future dividend increases.
Archrock (NYSE: AROC) ha dichiarato un dividendo trimestrale di $0.165 per azione di azioni ordinarie, equivalente a $0.66 per azione annualmente. Questo rappresenta un incremento del 6% rispetto all'anno precedente. Il dividendo sarà pagato il 13 agosto 2024, agli azionisti registrati al 6 agosto 2024. Il CEO Brad Childers ha sottolineato l'impegno dell'azienda a restituire capitale agli azionisti attraverso un dividendo ben coperto.
Archrock è inoltre in procinto di acquisire Total Operations and Production Services, un'operazione prevista per chiudere entro la fine del 2024. Si prevede che questa acquisizione sarà immediatamente accrescitiva per l'utile per azione e per il flusso di cassa disponibile per il dividendo per azione, potenzialmente migliorando la flessibilità finanziaria dell'azienda e la capacità di aumentare i dividendi in futuro.
Archrock (NYSE: AROC) ha declarado un dividendo trimestral de $0.165 por acción de acciones ordinarias, equivalente a $0.66 por acción anualmente. Esto representa un incremento del 6% en comparación con el año anterior. El dividendo se pagará el 13 de agosto de 2024, a los accionistas registrados hasta el 6 de agosto de 2024. El CEO Brad Childers destacó el compromiso de la compañía de devolver capital a los accionistas a través de un dividendo bien cubierto.
Archrock también se encuentra en proceso de adquirir Total Operations and Production Services, operación que se espera que se cierre a finales de 2024. Se anticipa que esta adquisición será inmediatamente accretiva a las ganancias por acción y al efectivo disponible para dividir por acción, potencialmente mejorando la flexibilidad financiera de la empresa y su capacidad para futuros aumentos de dividendos.
Archrock (NYSE: AROC)는 주당 $0.165의 분기 배당금을 선언했습니다. 이는 연간 주당 $0.66에 해당합니다. 이는 전년 대비 6% 증가한 것입니다. 배당금은 2024년 8월 13일에 지급되며, 기록 날짜는 2024년 8월 6일입니다. CEO인 브래드 차일더스는 잘 커버된 배당금을 통해 주주에게 자본을 반환하려는 회사의 의지를 강조했습니다.
Archrock는 또한 2024년 말까지 마무리될 것으로 예상되는 Total Operations and Production Services를 인수할 과정에 있습니다. 이 인수는 주당 순이익과 주당 배당금에 즉각적으로 기여할 것으로 예상되며, 회사의 재정적 유연성과 미래 배당금 인상 능력을 향상시킬 것으로 보입니다.
Archrock (NYSE: AROC) a déclaré un dividende trimestriel de 0,165 $ par action d'actions ordinaires, ce qui équivaut à 0,66 $ par action annuellement. Cela représente une augmentation de 6 % par rapport à l'année précédente. Le dividende sera payé le 13 août 2024, aux actionnaires inscrits au 6 août 2024. Le PDG Brad Childers a souligné l'engagement de l'entreprise à restituer du capital aux actionnaires grâce à un dividende bien couvert.
Archrock est également en train d'acquérir Total Operations and Production Services, dont la clôture est prévue d'ici la fin de 2024. Cette acquisition devrait être immédiatement accretive aux bénéfices par action et à la trésorerie disponible pour le dividende par action, ce qui pourrait améliorer la flexibilité financière de l'entreprise et sa capacité à augmenter les dividendes à l'avenir.
Archrock (NYSE: AROC) hat eine vierteljährliche Dividende von 0,165 $ pro Aktie der Stammaktien erklärt, was 0,66 $ pro Aktie jährlich entspricht. Dies stellt einen 6% Anstieg im Vergleich zum Vorjahr dar. Die Dividende wird am 13. August 2024 an die Aktionäre, die am 6. August 2024 im Besitz sind, ausgezahlt. CEO Brad Childers betonte das Engagement des Unternehmens, durch eine gut gedeckte Dividende Kapital an die Aktionäre zurückzugeben.
Archrock befindet sich auch im Prozess der Übernahme von Total Operations and Production Services, die voraussichtlich bis Ende 2024 abgeschlossen sein wird. Es wird erwartet, dass diese Übernahme sofort positiv zu den Erträgen pro Aktie und zu den verfügbaren Mitteln für die Dividende pro Aktie beiträgt und möglicherweise die finanzielle Flexibilität des Unternehmens sowie die Fähigkeit zur zukünftigen Erhöhung der Dividenden verbessert.
- Quarterly dividend of $0.165 per share, representing a 6% year-over-year increase
- Pending acquisition of Total Operations and Production Services expected to be immediately accretive to earnings and cash available for dividend
- Potential for increased financial flexibility and capacity to raise dividends in the future
- None.
HOUSTON, July 25, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock” or the “Company”) today announced that its Board of Directors has declared a quarterly dividend of
The second quarter 2024 dividend per share amount is consistent with Archrock’s first quarter 2024 dividend and represents a year-over-year increase of 6 percent.
“Archrock continues to prioritize returning capital to our shareholders through a well-covered dividend,” said Brad Childers, Archrock’s President and Chief Executive Officer. “We are excited about the pending acquisition of Total Operations and Production Services, which is expected to close by the end of 2024 and be immediately accretive to earnings per share and cash available for dividend per share. We believe the increase in pro-forma discretionary cash flow will further enhance our financial flexibility and capacity to increase dividends to our shareholders over time.”
About Archrock
Archrock is an energy infrastructure company with a primary focus on midstream natural gas compression and a commitment to helping its customers produce, compress and transport natural gas in a safe and environmentally responsible way. Headquartered in Houston, Texas, Archrock is a premier provider of natural gas compression services to customers in the energy industry throughout the U.S. and a leading supplier of aftermarket services to customers that own compression equipment. For more information on how the Company embodies its purpose, WE POWER A CLEANER AMERICA™, visit www.archrock.com.
Forward-Looking Statements
This press release contains forward-looking statements, which include statements about the expected benefits of the proposed acquisition of Total Operations and Production Services, LLC, including its expected accretion and the expected impact on Archrock’s dividend growth and dividend coverage; and the anticipated completion of the proposed acquisition and the timing thereof. These statements are not guarantees of future performance or actions. Forward-looking statements rely on a number of assumptions concerning future events and are subject to risks and uncertainties. If one or more of these risks or uncertainties materialize, actual results may differ materially from those contemplated by a forward-looking statement. Forward-looking statements speak only as of the date on which they are made. Archrock expressly disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. A further list and description of risks, uncertainties and other matters can be found in Archrock’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and as set forth from time to time in Archrock’s filings with the Securities and Exchange Commission. These filings are available online at www.sec.gov and www.archrock.com.
For information, contact:
Megan Repine
Vice President, Investor Relations
(281) 836-8360
investor.relations@archrock.com
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