Archrock Announces Quarterly Cash Dividend

Rhea-AI Summary

Archrock (NYSE: AROC) has declared a quarterly dividend of $0.145 per share, maintaining the same rate as the previous quarter and the same period last year. The dividend will be distributed on November 18, 2020 to shareholders recorded by November 12, 2020.

Archrock focuses on midstream natural gas compression services, positioning itself as a leader in the sector within the U.S. The consistent dividend reflects the company's stable financial standing despite the challenging economic environment.

Positive

• Quarterly dividend of $0.145 per share, unchanged from previous quarters, indicating stability in cash flow for shareholders.
• Archrock remains a leading provider of natural gas compression services, showcasing strong market positioning.

Negative

• None.

HOUSTON, Nov. 02, 2020 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock”) today announced that its Board of Directors has declared a quarterly dividend of $0.145 per share of common stock, or $0.58 per share on an annualized basis. The dividend will be paid on November 18, 2020 to all stockholders of record on November 12, 2020.

The third quarter 2020 dividend to be paid in November 2020 is unchanged from the second quarter 2020 and the third quarter 2019 amount.

About Archrock

Archrock is an energy infrastructure company with a pure-play focus on midstream natural gas compression.  Archrock is the leading provider of natural gas compression services to customers in the oil and natural gas industry throughout the U.S. and a leading supplier of aftermarket services to customers that own compression equipment in the U.S. Archrock is headquartered in Houston, Texas. For more information, please visit www.archrock.com.

Forward-Looking Statements

This press release contains forward-looking statements, which includes statements about Archrock’s dividends. 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, 2019, 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

FAQ

What is the dividend amount declared by Archrock for Q3 2020?

Archrock declared a quarterly dividend of $0.145 per share for Q3 2020.

When will the dividend be paid to shareholders?

The dividend will be paid on November 18, 2020, to shareholders of record as of November 12, 2020.

Has Archrock changed its dividend payout in 2020?

No, the dividend payout of $0.145 per share has remained unchanged from the second quarter of 2020 and the third quarter of 2019.

What type of company is Archrock?

Archrock is an energy infrastructure company focusing on midstream natural gas compression services.