Archrock Increases Quarterly Cash Dividend
Archrock (NYSE: AROC) has announced a 9% increase in its quarterly dividend to $0.19 per share, or $0.76 annually. This represents a 15% increase compared to Q4 2023. The dividend will be paid on February 19, 2025, to stockholders of record as of February 12, 2025.
This marks the fifth dividend increase since January 2023, reflecting the company's high utilization and transformed platform. CEO Brad Childers emphasized their commitment to increasing shareholder returns while maintaining prudent dividend coverage and leverage ratios. The company continues to invest in high-return assets to support customer needs and grow their natural gas compression business in response to robust market conditions.
Archrock (NYSE: AROC) ha annunciato un aumento del 9% del suo dividendo trimestrale a 0,19 $ per azione, pari a 0,76 $ su base annua. Questo rappresenta un incremento del 15% rispetto al quarto trimestre del 2023. Il dividendo sarà pagato il 19 febbraio 2025 agli azionisti registrati entro il 12 febbraio 2025.
Questo segna il quinto aumento del dividendo da gennaio 2023, a testimonianza dell'elevato utilizzo e della trasformazione della piattaforma dell'azienda. Il CEO Brad Childers ha sottolineato il loro impegno ad aumentare i ritorni per gli azionisti mantenendo al contempo una copertura del dividendo e rapporti di indebitamento prudenziali. L'azienda continua a investire in asset ad alto rendimento per soddisfare le esigenze dei clienti e far crescere la propria attività di compressione del gas naturale in risposta a condizioni di mercato robuste.
Archrock (NYSE: AROC) ha anunciado un aumento del 9% en su dividendo trimestral a $0.19 por acción, equivalentes a $0.76 anuales. Esto representa un incremento del 15% en comparación con el cuarto trimestre de 2023. El dividendo se pagará el 19 de febrero de 2025 a los accionistas registrados al 12 de febrero de 2025.
Este es el quinto aumento del dividendo desde enero de 2023, lo que refleja la alta utilización y la transformación de la plataforma de la empresa. El CEO Brad Childers destacó su compromiso de aumentar los retornos para los accionistas mientras mantienen una cobertura prudente del dividendo y ratios de apalancamiento. La empresa sigue invirtiendo en activos de alto rendimiento para satisfacer las necesidades de los clientes y hacer crecer su negocio de compresión de gas natural en respuesta a las robustas condiciones del mercado.
Archrock (NYSE: AROC)는 분기 배당금을 주당 $0.19, 즉 연간 $0.76로 9% 인상한다고 발표했습니다. 이는 2023년 4분기 대비 15% 증가한 수치입니다. 배당금은 2025년 2월 19일에 2025년 2월 12일 기준 주주에게 지급됩니다.
이것은 2023년 1월 이후 다섯 번째 배당금 인상으로, 회사의 높은 활용도와 플랫폼 개선을 반영합니다. CEO인 브래드 차일더스는 배당금 안정성과 레버리지 비율을 유지하면서 주주 수익성을 강화하겠다는 의지를 강조했습니다. 이 회사는 고객의 필요를 지원하고 가스 압축 사업을 성장시키기 위해 높은 수익을 올릴 수 있는 자산에 계속 투자하고 있습니다.
Archrock (NYSE: AROC) a annoncé une augmentation de 9 % de son dividende trimestriel à 0,19 $ par action, soit 0,76 $ par an. Cela représente une augmentation de 15 % par rapport au quatrième trimestre 2023. Le dividende sera versé le 19 février 2025 aux actionnaires enregistrés au 12 février 2025.
Ceci marque la cinquième augmentation de dividende depuis janvier 2023, reflétant la forte utilisation et la transformation de la plateforme de l'entreprise. Le PDG Brad Childers a souligné leur engagement à augmenter les rendements des actionnaires tout en maintenant une couverture des dividendes prudente et des ratios d'endettement. L'entreprise continue d'investir dans des actifs à fort rendement pour répondre aux besoins des clients et développer son activité de compression de gaz naturel en réponse aux conditions de marché robustes.
Archrock (NYSE: AROC) hat eine Erhöhung der vierteljährlichen Dividende um 9% auf 0,19 $ je Aktie bekannt gegeben, was jährlich 0,76 $ entspricht. Dies stellt eine Steigerung von 15% im Vergleich zum 4. Quartal 2023 dar. Die Dividende wird am 19. Februar 2025 an die Aktionäre gezahlt, die am 12. Februar 2025 als registriert gelten.
Dies markiert die fünfte Dividendensteigerung seit Januar 2023 und spiegelt die hohe Auslastung und die Transformation der Plattform des Unternehmens wider. CEO Brad Childers betonte das Engagement ihres Unternehmens, die Renditen für die Aktionäre zu erhöhen, während gleichzeitig eine vorsichtige Dividendenabdeckung und Verschuldungsquoten aufrechterhalten werden. Das Unternehmen investiert weiterhin in renditestarke Vermögenswerte, um den Kundenbedürfnissen gerecht zu werden und sein Geschäft mit Erdgaskompression als Antwort auf die robusten Marktbedingungen auszubauen.
- Quarterly dividend increased by 9% quarter-over-quarter to $0.19 per share
- 15% year-over-year dividend increase
- Fifth consecutive dividend increase since January 2023
- High utilization rates reported
- Strong and consistent operational results
- None.
HOUSTON, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock” or the “Company”) today announced that its Board of Directors has declared an increased quarterly dividend of
The fourth quarter 2024 dividend per share amount represents an increase of 9 percent over the Archrock third quarter 2024 dividend level and an increase of 15 percent over the Archrock fourth quarter 2023 dividend level.
“We are implementing the fifth increase in Archrock’s quarterly cash dividend since January of 2023, reflecting our high utilization and our transformed platform, which are delivering strong and consistent results,” said Brad Childers, Archrock’s President and Chief Executive Officer.
“We remain committed to increasing cash returns to shareholders, while maintaining prudent dividend coverage and leverage ratios, as well as investing in high-return assets to support our customers and grow our natural gas intensive compression business given the strongly robust market we continue to experience. We look forward to updating you on our results and providing 2025 guidance on our earnings call in February,” concluded Childers.
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 AMERICATM, visit www.archrock.com.
Forward-Looking Statements
This press release contains forward-looking statements, which include statements about Archrock’s future financial performance and 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, 2023, Archrock’s Quarterly Report on Form 10-Q for the quarters ended March 31, 2024, June 30, 2024 and September 30, 2024 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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