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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.
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.
Archrock, a leading energy infrastructure company specializing in midstream natural gas compression, has announced a conference call to discuss its second quarter 2021 financial results on July 30, 2021, at 10:00 a.m. Eastern Time. The earnings report will precede the call, which can be accessed live via webcast on Archrock’s website or by dialing designated numbers for the US, Canada, and international callers. A replay will be available on the website for 90 days post-call.
Archrock reported its Q1 2021 financial results with revenue at $195.4 million, a decline from $249.7 million in Q1 2020. However, net income was $4.2 million, a recovery from a $61.2 million loss last year. Adjusted EBITDA reached $97.9 million, down from $112.9 million in the previous year. The company maintained a strong dividend coverage ratio of 2.8x.
Contract operations revenue decreased to $166.0 million, but gross margin remained resilient at 63%. Archrock aims for $335 million to $375 million in Adjusted EBITDA for 2021 amidst signs of economic recovery.
Archrock, Inc. (NYSE: AROC) has declared a quarterly dividend of $0.145 per share, translating to $0.58 annually. This dividend will be paid on May 17, 2021 to stockholders on record by May 10, 2021. As a leader in midstream natural gas compression services, Archrock supports customers in the oil and gas industry across the U.S. The company emphasizes its commitment to returning value to shareholders while navigating the energy infrastructure landscape.
Archrock will hold a conference call on April 30, 2021, at 11:00 a.m. ET to discuss its Q1 2021 financial and operating results. Prior to the call, the company will release its earnings report. Interested parties can listen live on Archrock’s website or by calling 1-833-989-2934 in the U.S. and Canada (or 1-587-505-2692 internationally) using access code 8589836. A replay will be available for 90 days post-call. Archrock specializes in midstream natural gas compression services and is a leading provider in the U.S.
Archrock reported its fourth quarter and full year 2020 financial results, revealing a revenue decline to $199.3 million from $246.0 million year-over-year. Full-year revenue also dropped to $875.0 million from $965.5 million. The company posted a net loss of $68.4 million in 2020, largely due to non-cash impairments, compared to a net income of $97.3 million in 2019. Despite challenges, Archrock declared a quarterly dividend of $0.145, with coverage of 2.5x. Looking ahead, guidance for 2021 projects net income between $34,000 and $74,000, and Adjusted EBITDA between $335 million and $375 million.
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