Archrock Completes Acquisition of Natural Gas Compression Systems, Inc.
Archrock (NYSE: AROC) has completed its acquisition of Natural Gas Compression Systems, Inc. (NGCSI) and NGCSE, Inc. (NGCSE). The transaction involves issuing approximately 2.251 million new Archrock common shares to NGCSE and a $299 million cash payment funded through the company's ABL credit facility. The acquisition is expected to be immediately accretive to Archrock's 2025 earnings per share and cash available for dividend.
The strategic acquisition aims to increase Archrock's scale, expand customer relationships, and strengthen its position as a leading natural gas compression services provider in the United States. The company maintains its target leverage ratio range between 3.0 and 3.5 times.
Archrock (NYSE: AROC) ha completato l'acquisizione di Natural Gas Compression Systems, Inc. (NGCSI) e NGCSE, Inc. (NGCSE). L'operazione prevede l'emissione di circa 2,251 milioni di nuove azioni ordinarie Archrock a favore di NGCSE e un pagamento in contanti di 299 milioni di dollari, finanziato tramite la linea di credito ABL della società. L'acquisizione si prevede sarà immediatamente accretiva per l'utile per azione e la liquidità disponibile per dividendi di Archrock nel 2025.
Questa acquisizione strategica ha l'obiettivo di aumentare la dimensione di Archrock, espandere le relazioni con i clienti e rafforzare la posizione dell'azienda come fornitore leader di servizi di compressione del gas naturale negli Stati Uniti. La società mantiene il suo obiettivo di un rapporto di leva finanziaria compreso tra 3,0 e 3,5 volte.
Archrock (NYSE: AROC) ha completado la adquisición de Natural Gas Compression Systems, Inc. (NGCSI) y NGCSE, Inc. (NGCSE). La transacción incluye la emisión de aproximadamente 2.251 millones de nuevas acciones ordinarias de Archrock a NGCSE y un pago en efectivo de 299 millones de dólares financiado a través de la línea de crédito ABL de la empresa. Se espera que la adquisición sea inmediatamente positiva para las ganancias por acción y el efectivo disponible para dividendos de Archrock en 2025.
La adquisición estratégica busca aumentar la escala de Archrock, expandir las relaciones con clientes y fortalecer su posición como proveedor líder de servicios de compresión de gas natural en Estados Unidos. La empresa mantiene su rango objetivo de apalancamiento entre 3.0 y 3.5 veces.
Archrock (NYSE: AROC)가 Natural Gas Compression Systems, Inc. (NGCSI)와 NGCSE, Inc. (NGCSE)를 인수 완료했습니다. 이번 거래는 NGCSE에 약 225.1만 주의 새로운 Archrock 보통주를 발행하고, 회사의 ABL 신용 시설을 통해 2억 9,900만 달러의 현금 지급을 포함합니다. 이번 인수는 2025년 Archrock의 주당순이익과 배당 가능 현금에 즉시 긍정적인 영향을 미칠 것으로 예상됩니다.
전략적 인수는 Archrock의 규모를 확대하고 고객 관계를 확장하며 미국 내 천연가스 압축 서비스 선도 기업으로서의 입지를 강화하는 것을 목표로 합니다. 회사는 목표 부채비율 범위를 3.0에서 3.5배 사이로 유지하고 있습니다.
Archrock (NYSE : AROC) a finalisé l'acquisition de Natural Gas Compression Systems, Inc. (NGCSI) et NGCSE, Inc. (NGCSE). La transaction comprend l'émission d'environ 2,251 millions de nouvelles actions ordinaires Archrock à NGCSE ainsi qu'un paiement en espèces de 299 millions de dollars financé par la facilité de crédit ABL de la société. Cette acquisition devrait immédiatement accroître le bénéfice par action et la trésorerie disponible pour les dividendes d'Archrock en 2025.
Cette acquisition stratégique vise à augmenter la taille d'Archrock, à élargir ses relations clients et à renforcer sa position de leader dans les services de compression de gaz naturel aux États-Unis. La société maintient son ratio d'endettement cible entre 3,0 et 3,5 fois.
Archrock (NYSE: AROC) hat die Übernahme von Natural Gas Compression Systems, Inc. (NGCSI) und NGCSE, Inc. (NGCSE) abgeschlossen. Die Transaktion beinhaltet die Ausgabe von etwa 2,251 Millionen neuen Archrock-Stammaktien an NGCSE sowie eine Barauszahlung von 299 Millionen US-Dollar, die durch die ABL-Kreditfazilität des Unternehmens finanziert wird. Die Übernahme wird voraussichtlich sofort den Gewinn je Aktie und den verfügbaren Cashflow für Dividenden von Archrock im Jahr 2025 steigern.
Die strategische Akquisition zielt darauf ab, Archrocks Größe zu erhöhen, Kundenbeziehungen auszubauen und die Position als führender Anbieter von Erdgas-Kompressionsdienstleistungen in den Vereinigten Staaten zu stärken. Das Unternehmen hält seine Zielverschuldungsquote im Bereich von 3,0 bis 3,5-fach aufrecht.
- None.
- Increases debt through $299 million cash payment funded by credit facility
- 2.251 million new shares issuance leads to dilution
HOUSTON, May 01, 2025 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock” or the “Company”) today announced it has completed its previously announced acquisition of Natural Gas Compression Systems, Inc. (“NGCSI”) and NGCSE, Inc. (“NGCSE”) (collectively, “NGCS”).
“We are pleased to complete our acquisition of NGCS and welcome its highly talented team of employees to Archrock,” said Brad Childers, President and Chief Executive Officer of Archrock. “This accretive transaction is expected to increase our scale, expand our customer relationships, deepen our operations in key regions and strengthen our position as a premier provider of natural gas compression services in the United States. We are confident Archrock is poised for continued growth and value creation as we power a cleaner America.”
At closing, Archrock issued approximately 2.251 million new Archrock common shares to NGCSE. In addition, Archrock funded the
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 AMERICA™, visit www.archrock.com.
Forward-Looking Statements
This press release contains forward-looking statements, which include statements about the expected benefits of the acquisition of Natural Gas Compression Systems, Inc. and NGCSE, Inc. 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. These forward-looking statements are also affected by the risk factors, forward-looking statements and challenges and uncertainties described in Archrock’s Annual Report on Form 10-K for the year ended December 31, 2024, and those set forth from time to time in Archrock’s filings with the Securities and Exchange Commission, which are available online at www.sec.gov and at www.archrock.com. Except as required by law, Archrock expressly disclaims any intention or obligation to revise or update any forward-looking statements whether as a result of new information, future events or otherwise.
For information, contact:
Archrock, Inc.
INVESTORS
Megan Repine
VP of Investor Relations
281-836-8360
investor.relations@archrock.com
MEDIA
Andrew Siegel / Jed Repko / Kara Grimaldi
Joele Frank
212-355-4449
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