Archrock Announces Quarterly Cash Dividend

Rhea-AI Summary

Archrock (NYSE: AROC) declared a quarterly dividend of $0.145 per share, equating to an annualized amount of $0.58. The dividend will be disbursed on February 15, 2022 to stockholders on record as of February 8, 2022. Archrock specializes in energy infrastructure, focusing on midstream natural gas compression and aftermarket services for compression equipment in the U.S. The company underscores its standing as a leading provider in the industry, though it cautions that future performance is subject to uncertainties.

Positive

• Quarterly dividend of $0.145 per share declared, providing income to shareholders.
• Archrock maintains its position as a leader in natural gas compression services, indicative of robust market presence.

Negative

• Future performance is uncertain, reliant on various risks and market conditions.

HOUSTON, Jan. 27, 2022 (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 February 15, 2022 to all stockholders of record on February 8, 2022.

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, 2020, 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?

Archrock declared a quarterly dividend of $0.145 per share.

When is the Archrock dividend payment date?

The dividend will be paid on February 15, 2022.

Who are the stockholders eligible for the Archrock dividend?

Stockholders of record on February 8, 2022, are eligible for the dividend.

What is Archrock's focus in the energy sector?

Archrock focuses on midstream natural gas compression services.