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.
Archrock Inc. (NYSE: AROC) is a premier provider of natural gas contract compression services in the United States, holding a prominent position in the energy infrastructure sector. Established over 60 years ago, the company has built a legacy of reliability and expertise, delivering essential compression services to the oil and natural gas industry. With the largest fleet in the country, strategically located assets, and highly skilled, certified technicians, Archrock ensures its services are available where and when they're needed most.
Archrock operates through two primary business segments: Contract Operations and Aftermarket Services. The Contract Operations segment caters to the installation, operation, and maintenance of natural gas compression equipment, supporting customers' efforts to produce, compress, and transport natural gas efficiently. In contrast, the Aftermarket Services segment provides comprehensive services for customers who own compression equipment, including maintenance, overhaul, reconfiguration, and parts sales.
Recent achievements underscore Archrock's robust performance and strategic direction. In the third quarter of 2023, the company achieved record levels in utilization, revenue per horsepower, and Adjusted EBITDA. The contract operations gross margin rose to 64%, reflecting positive pricing trends and effective cost management. Furthermore, Archrock has committed its 2024 new build capital and is experiencing strong booking demand extending into 2025, driven by investments in oil basins with associated gas and infrastructure to support growing LNG exports from the U.S.
Financially, Archrock is focused on maintaining a strong balance sheet, enhancing profitability, and delivering returns to shareholders. The company has increased its dividend and engaged in share buybacks, demonstrating confidence in its financial performance and market prospects. Archrock's strategic initiatives include a differentiated capital allocation framework aimed at sustainable dividend growth, leverage reduction, and high-return capital expenditures.
With a commitment to environmental responsibility and operational excellence, Archrock continues to support the natural gas industry's critical infrastructure needs. By leveraging its extensive market presence and operational capabilities, Archrock remains well-positioned to capitalize on the enduring demand for natural gas compression services, contributing to the broader goal of providing cleaner, reliable, and affordable energy.
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.
Archrock announced a quarterly dividend of $0.145 per share, totaling $0.58 annually, to be paid on November 16, 2021, for stockholders on record by November 9, 2021. This reflects Archrock's ongoing commitment to returning value to shareholders. The company, a leader in midstream natural gas compression services in the U.S., continues to focus on providing essential energy infrastructure. For further details, visit www.archrock.com.
Archrock, Inc. (NYSE:AROC) will conduct a conference call on November 2, 2021, at 10:00 a.m. Eastern Time to discuss its third quarter 2021 financial results. The earnings report will be released before the call. Interested parties can join the call via webcast on Archrock’s website or by phone at 1-833-989-2934 (U.S./Canada) or 1-587-505-2692 (international), using access code 1124236. A replay will be available for 90 days on the company's website. Archrock specializes in midstream natural gas compression, serving clients across the U.S.
HOUSTON, Sept. 02, 2021 - Archrock (NYSE:AROC) will engage with investors at two upcoming conferences on September 8, 2021. Brad Childers, President and CEO, will present at the Barclays CEO Energy-Power Conference at 2:35 p.m. CT, while CFO Doug Aron will present at the 10th Annual Gateway Investor Conference at 11:00 a.m. CT. Webcast links and presentation slides will be accessible on Archrock's website under the 'Investors' tab before the meetings.
Archrock specializes in midstream natural gas compression and is a top provider of these services in the U.S.
Archrock, Inc. (AROC) reported a second-quarter 2021 revenue of $195.6 million, down from $220.3 million in 2020. The company posted a net income of $8.8 million, significantly improving from a net loss of $30.4 million a year prior. Adjusted EBITDA decreased to $87.0 million from $100.5 million. Archrock declared a quarterly dividend of $0.145 per share, with coverage at 1.9x. The company tightened its 2021 Adjusted EBITDA guidance to $340 million to $355 million, indicating a positive outlook despite the revenue decline.
Archrock has declared a quarterly dividend of $0.145 per share, equating to $0.58 annually. This dividend, payable on August 16, 2021, will be distributed to stockholders of record as of August 9, 2021. Archrock specializes in midstream natural gas compression services and is a leading provider in the U.S. oil and gas sector. The company emphasizes that forward-looking statements regarding dividends are subject to risks and uncertainties, and actual results may vary. For further details, visit Archrock's website.
FAQ
What is the current stock price of Archrock (AROC)?
What is the market cap of Archrock (AROC)?
What does Archrock Inc. do?
How long has Archrock been in operation?
What are Archrock's primary business segments?
What recent achievements has Archrock reported?
Where is Archrock headquartered?
How does Archrock support its customers?
What is Archrock's approach to environmental responsibility?
What is Archrock's strategy for financial performance?
What drives demand for Archrock's services?
How does Archrock plan to grow in the future?
