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Archrock Inc - AROC STOCK NEWS

Welcome to our dedicated news page for Archrock (Ticker: AROC), a resource for investors and traders seeking the latest updates and insights on Archrock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Archrock's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Archrock's position in the market.

Rhea-AI Summary
Archrock, Inc. (AROC) receives an upgrade in credit rating by S&P Global Ratings, with a stable outlook. The company's senior unsecured debt rating has also been raised, reflecting high equipment utilization, increasing earnings, and declining leverage. S&P forecasts improved EBITDA and debt ratios for 2024 and 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Rhea-AI Summary
Archrock, Inc. (AROC) reported strong financial results for Q4 and full year 2023, with revenue and net income growth. The company achieved record utilization and increased dividend. The outlook for 2024 shows expected growth in Adjusted EBITDA and capex.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.76%
Tags
earnings
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Rhea-AI Summary
Archrock, Inc. (AROC) will host a conference call on February 21, 2024, to discuss its Q4 and full-year 2023 financial results and 2024 guidance. The call will be at 10:00 a.m. ET. Earnings report will be released before the call. Webcast available on www.archrock.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2%
Tags
earnings
Rhea-AI Summary
Archrock, Inc. (AROC) has declared an increased quarterly dividend of $0.165 per share of common stock, or $0.66 per share on an annualized basis. This represents a 6.5 percent increase over the third quarter 2023 dividend and a 10 percent increase over the fourth quarter 2022 dividend. The decision reflects confidence in compression outlook, financial flexibility, and capital allocation capabilities. Archrock aims to improve financial returns and return capital to shareholders. The dividend will be paid on February 13, 2024, to stockholders of record on February 6, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.56%
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dividends
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Rhea-AI Summary
Archrock, Inc. (NYSE:AROC) has been recognized by Newsweek as one of America’s Most Responsible Companies 2024. The award reflects the company's commitment to sustainability and corporate responsibility. Archrock's President and CEO, Brad Childers, expressed pride in the recognition, emphasizing the company's role as a leader in U.S. natural gas compression and its dedication to operating safely and environmentally responsibly. The ranking focuses on ESG metrics and public perception, with Archrock being among the top 600 most responsible companies in the United States across 14 industries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.26%
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Rhea-AI Summary
Archrock, Inc. (NYSE:AROC) announced its lead investment in a Series A financing round for Ionada PLC, a global carbon capture technology company. Ionada's modular carbon capture system is designed for small to mid-sized industrial emitters in the energy, marine, and e-fuels industries. Archrock's investment will support Ionada's research and development for field demonstration units, aligning with their new ventures strategy to decarbonize hydrocarbons and create long-term value for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.12%
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none
Rhea-AI Summary
Archrock, Inc. reported its third-quarter 2023 results, with revenue of $253.4 million, net income of $30.9 million, and adjusted EBITDA of $120.2 million. The company achieved a record period-end utilization of 96% and expects to deliver close to the high-end of its 2023 adjusted EBITDA guidance. Archrock also declared a quarterly dividend of $0.155 per common share and repurchased 354,012 common shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.55%
Tags
earnings
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Rhea-AI Summary
Archrock, Inc. declares a quarterly dividend of $0.155 per share of common stock, representing a 7% increase compared to the same quarter last year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.57%
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dividends
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Rhea-AI Summary
Archrock, Inc. (NYSE:AROC) will host a conference call on November 2, 2023, to discuss its Q3 2023 financial and operating results. The call will be available via webcast and phone.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.81%
Tags
earnings
Rhea-AI Summary
Archrock reports strong second quarter results with revenue of $247.5 million and net income of $24.7 million. Adjusted EBITDA increases to $112.8 million. The company raises its 2023 Adjusted EBITDA guidance to $430 million to $450 million. Archrock achieves record period-end utilization of 95% and raises shareholder returns by over 15% through dividend increase and share repurchases.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.52%
Tags
earnings
Archrock Inc

NYSE:AROC

AROC Rankings

AROC Stock Data

3.02B
144.76M
7.59%
91.69%
2.72%
Pipeline Transportation of Natural Gas
Transportation and Warehousing
Link
US
Houston

About AROC

strong, dependable service - our customers count on archrock® archrock, inc., (nyse:aroc) is the leading provider of natural gas contract compression services to customers in the oil and natural gas industry throughout the united states. for more than 60 years, customers have relied on the unmatched expertise of our highly qualified, certified technicians. this legacy makes us the u.s. compression services leader. we offer our customers services using the country’s largest fleet, well-established relationships with oem manufacturers and distributors, and an unmatched aftermarket parts and service capability. we bridge the gap for our customers – from challenge to solution – across the united states with more operating horsepower than anyone else, we are strategically located where our clients need us. archrock offers compression services done the right way, every step of the way. if you are interested in a new career at archrock, please visit us at http://www.archrock.com/careers a