Welcome to our dedicated page for Archrock news (Ticker: AROC), a resource for investors and traders seeking the latest updates and insights on Archrock stock.
Overview of Archrock Inc
Archrock Inc (NYSE: AROC) is a prominent energy infrastructure company specializing in midstream natural gas compression and comprehensive aftermarket services. With over 60 years of industry expertise, Archrock serves the oil and natural gas sector by providing an integrated range of services that ensure effective production, compression, and transportation of natural gas across the United States. The company’s operations are designed to meet the full spectrum of needs for natural gas compression, from the initial design and installation to ongoing operation and maintenance, using advanced technologies and a highly skilled workforce.
Core Business Areas
Archrock operates through two primary business segments:
- Contract Operations: This segment is the backbone of the company, providing end-to-end solutions that include owning, installing, operating, and maintaining natural gas compression systems. By leveraging the nation’s largest fleet and a network of trusted OEM manufacturers and distributors, Archrock addresses complex challenges and delivers customized solutions for efficient energy production.
- Aftermarket Services: Complementing its contract operations, Archrock offers a full suite of aftermarket services designed for customers who own compression equipment. These services cover critical support functions such as maintenance, overhauls, reconfiguration, and parts sales, ensuring maximum operational uptime, reliability, and long-term performance of the equipment.
Market Position and Operational Excellence
Archrock has established a robust market presence due to its dependable service, technical expertise, and strategic positioning. The company bridges the gap between operational challenges and effective solutions, delivering compression services "done the right way" every step of the process. The emphasis on quality and operational excellence is underscored by a well-trained, certified technician workforce, a significant asset base, and strategically located operations that enable Archrock to serve customers efficiently across diverse geographical regions.
Technological Integration and Industry Expertise
Integrating enabling technology and innovative practices, Archrock continuously enhances its operational processes to meet evolving industry standards. The company employs sophisticated methodologies and a disciplined approach to maintenance and equipment optimization, ensuring sustained reliability in natural gas production. This technical proficiency, combined with robust service execution, not only secures its market position but also underpins its reputation for delivering solutions that are both efficient and environmentally responsible.
Competitive Landscape
Within the competitive arena of natural gas compression services, Archrock distinguishes itself through its scale, operational efficiency, and deep industry relationships. With a vast operational footprint and a reputation built on decades of service, the company is able to offer unmatched horsepower capacity and a comprehensive service portfolio. This operational excellence, fortified by strategic geographic positioning and long-term client relationships, allows Archrock to maintain a distinctive edge over its competitors.
Service Quality and Customer Assurance
Customer trust and service dependability are at the core of Archrock's operations. The company’s commitment to high-quality service is reflected in its meticulous approach to equipment maintenance and operational oversight. Clients benefit from Archrock’s extensive experience in bridging technical challenges with practical, scalable solutions that ensure minimal downtime and enhanced performance of their natural gas systems.
Conclusion
In summary, Archrock Inc stands as a cornerstone in the realm of natural gas compression, offering a balanced expertise in both contract operations and aftermarket solutions. Through its historical legacy, robust technical framework, and strategic market positioning, Archrock continues to provide essential services that empower the energy infrastructure of the United States. Whether addressing technical complexities or navigating the dynamics of the energy market, Archrock’s comprehensive service model delivers enduring value and operational reliability.
On July 28, 2022, Archrock (NYSE: AROC) announced a quarterly dividend of $0.145 per share, translating to an annualized $0.58. This dividend will be distributed on August 16, 2022 to all shareholders on record as of August 9, 2022. Archrock specializes in midstream natural gas compression and is committed to environmentally responsible practices, leading the market in compression services across the U.S.
Archrock, Inc. (NYSE: AROC) will host a conference call on August 3, 2022, at 9:00 a.m. ET to discuss its Q2 2022 financial results. Prior to the call, the earnings report will be released. Investors can listen to the call via a live webcast on Archrock’s website or by dialing 1 (888) 440-5667 in the U.S. or 1 (646) 960-0476 internationally, using access code 4749623. A replay will be available on the website for 90 days. Archrock specializes in midstream natural gas compression, committed to safe and environmentally responsible practices.
Archrock (NYSE: AROC) reported first-quarter 2022 revenue of $197.2 million, up from $195.4 million in Q1 2021. Net income decreased to $1.7 million from $4.2 million year-over-year. Adjusted EBITDA fell to $81.4 million compared to $97.9 million in Q1 2021. The company achieved a 40% rise in contract operations bookings from the previous quarter. Archrock has also acquired a 25% stake in Ecotec International Holdings, enhancing its methane emissions management capabilities. A quarterly dividend of $0.145 was declared, yielding 1.8x dividend coverage.
Archrock will host a conference call on May 10, 2022, at 11:00 a.m. Eastern Time, to discuss its first quarter 2022 financial and operating results. The earnings report will be released prior to the call. Investors can access the call via a live webcast on Archrock’s website or by phone. The call will be available for replay for 90 days. Archrock is a leading provider of natural gas compression services in the U.S., focusing on midstream energy infrastructure.
Archrock, Inc. (NYSE: AROC) announced a quarterly dividend of $0.145 per share, totaling $0.58 annually. This dividend will be paid on May 17, 2022, to shareholders on record as of May 10, 2022. As a leading provider of natural gas compression services in the U.S., Archrock focuses on midstream energy infrastructure. The company's commitment to returning value to shareholders through consistent dividends demonstrates its operational confidence. Archrock's financials and market performance can be further reviewed in its filings available on the SEC website.
Archrock (NYSE: AROC) announced its acquisition of a minority equity stake in ECOTEC, a leader in methane emissions management. This strategic investment aims to enhance Archrock's offerings in support of sustainability efforts, particularly in the oil and gas sector. ECOTEC specializes in identifying and mitigating methane emissions with advanced technology and has over 30 years of industry expertise. The partnership aligns with the growing emphasis on ESG strategies among energy companies and is expected to create significant value for both Archrock's customers and shareholders.
Archrock, Inc. (NYSE: AROC) reported Q4 and full-year 2021 results, highlighting fourth quarter revenue of $195.2 million, down from $199.3 million in Q4 2020. Full-year revenue decreased to $781.5 million from $875.0 million in 2020. Despite lower revenues, net income rose to $6.0 million in Q4 2021, compared to $4.8 million in Q4 2020, and net income for 2021 reached $28.2 million, recovering from a $68.4 million loss in 2020. The adjusted EBITDA for 2021 was $360.8 million, down from $414.8 million in 2020. Archrock provided 2022 guidance, projecting net income between $15,000 and $55,000.
Archrock (NYSE:AROC) will host a conference call on February 23, 2022, at 10:00 a.m. ET to discuss its fourth quarter 2021 financial and operational results, along with 2022 guidance. An earnings report will be released prior to the call. Participants can listen via a live webcast on Archrock's website or by calling 1-888-440-5667 in the U.S. A replay will be accessible for 90 days. Archrock specializes in midstream natural gas compression and is a leading provider in the U.S.
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.
Archrock, Inc. (NYSE: AROC) reported Q3 2021 results with revenue of $195.2 million, down from $205.6 million in Q3 2020. Net income also fell to $9.3 million compared to $18.3 million a year earlier. Adjusted EBITDA was $92.4 million, down from $112.6 million. The company declared a dividend of $0.145 per share, achieving a coverage of 2.2x. Despite challenges from Hurricane Ida and cost inflation, Archrock anticipates achieving 2021 Adjusted EBITDA above the midpoint of their $340-$355 million guidance range.
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