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 (AROC) regularly reports on financial performance, strategic initiatives, and operational developments as the largest provider of natural gas compression services in the United States. The company's news flow typically includes quarterly earnings announcements, dividend declarations, fleet deployment updates, and acquisition activity.
For investors tracking Archrock, key news categories include financial results that reveal utilization rates and pricing trends, capital allocation decisions including equipment purchases and shareholder returns, and strategic moves such as acquisitions of compression assets or service competitors. The company's performance reflects broader trends in natural gas production activity and energy infrastructure investment.
Archrock's news updates provide insight into the health of the natural gas compression market, offering indicators of drilling activity and production trends across U.S. energy basins. Equipment deployment announcements signal customer demand, while contract wins and losses reflect competitive dynamics in the oilfield services sector. Dividend decisions indicate management's view of cash flow stability and growth prospects.
This news page aggregates Archrock's material announcements, earnings releases, and industry developments to help you monitor the company's operational trajectory and market position. Bookmark this page to track how natural gas production trends and energy market conditions impact the compression services business.
Archrock, Inc. (NYSE: AROC) announced that its subsidiary, Archrock Partners, L.P., plans to offer $250 million in senior notes due 2028. The offering will add to previously issued notes of $500 million at a 6.250% interest rate. Proceeds will be used to repay outstanding borrowings and for general partnership purposes. The new notes will not be registered under the Securities Act and are available only to qualified buyers under specific exemptions. Archrock focuses on midstream natural gas compression services in the U.S.
Archrock reported its third quarter 2020 results, showing revenue of $205.6 million, down from $244.9 million in Q3 2019. Net income declined to $18.3 million from $20.4 million year-over-year. Adjusted EBITDA slightly increased to $112.6 million. The company declared a quarterly dividend of $0.145 per share, maintaining a coverage ratio of 3.5x. Archrock reduced its leverage ratio to 4.0x and tightened its Adjusted EBITDA guidance to $405 million to $420 million for 2020.
Archrock (NYSE: AROC) has declared a quarterly dividend of $0.145 per share, maintaining the same rate as the previous quarter and the same period last year. The dividend will be distributed on November 18, 2020 to shareholders recorded by November 12, 2020.
Archrock focuses on midstream natural gas compression services, positioning itself as a leader in the sector within the U.S. The consistent dividend reflects the company's stable financial standing despite the challenging economic environment.
Archrock, Inc. (NYSE:AROC) will host a conference call on November 3, 2020, to review its third quarter 2020 financial and operational results. The call is scheduled for 12:00 p.m. ET, following the release of its earnings report. Investors can access the live webcast on Archrock's website or dial in at 1-877-407-0784 (U.S. & Canada) or 1-201-689-8560 (international). A replay will be available for seven days post-call. Archrock specializes in midstream natural gas compression services across the U.S.
Archrock (NYSE: AROC) announced that its President and CEO, Brad Childers, will meet with investors at the Barclays CEO Energy-Power Conference on September 9, 2020. Additionally, CFO Doug Aron will present at the 9th Annual Gateway Conference on September 10, 2020, at 4:30 p.m. CT.
One-on-one meetings will occur throughout both conferences, with webcast links and slides available on their website prior to the events. Archrock specializes in midstream natural gas compression services across the U.S.
Archrock Services L.P. (NYSE: AROC) has partnered with Williams & Williams to auction surplus real estate properties on September 29. The listings include land lots and two light industrial buildings in Victoria, TX, a 12.22+/- acre lot in Broussard, LA, and a flex office/warehouse property in Belle Chasse, LA. An online auction for a vacant residence in New Castle, PA will occur from September 28-30. Public inspections are scheduled for various dates in September. The auctions are open to the public with no deposit required.
Archrock reported a second-quarter 2020 revenue of $220.3 million, down from $238.4 million in Q2 2019. Net loss reached $30.4 million, contrasting with a profit of $11.4 million the previous year. Adjusted EBITDA was $100.5 million, slightly lower than last year's $100.7 million. Despite a challenging market due to COVID-19, the company maintained its quarterly dividend of $0.145 per share. Archrock's leverage ratio improved to 4.1x, and management remains optimistic about cash flow generation and debt reduction.
Archrock, Inc. (NYSE: AROC) announced a quarterly dividend of $0.145 per share, equating to $0.58 annually, to be paid on August 14, 2020, to stockholders on record by August 10, 2020. This dividend remains unchanged from both the first quarter of 2020 and the second quarter of 2019. As a leading provider of natural gas compression services in the U.S., Archrock focuses on midstream energy infrastructure, supporting the oil and natural gas industry.
Archrock (NYSE: AROC) announced a conference call on July 31, 2020, at 11:00 a.m. Eastern Time to discuss its second quarter 2020 financial and operating results. The conference call will be preceded by the release of the earnings report. Investors can listen to the call via Archrock's website or by dialing designated phone numbers for U.S. and international access. A replay will be available for seven days after the call. Archrock specializes in midstream natural gas compression services and is headquartered in Houston, Texas, with approximately 1,700 employees.
Archrock reported its Q1 2020 financial results, revealing revenue of $249.7 million, a 5.7% increase from $236.2 million in Q1 2019. However, the company suffered a net loss of $61.2 million, a stark contrast to a $19.5 million net income in the previous year, primarily due to a $99.8 million non-cash goodwill impairment. Adjusted EBITDA rose to $112.9 million, up 24% from the previous year. The quarterly dividend was declared at $0.145 per share, reflecting a 10% increase year-over-year. Archrock aims for $75-$85 million in annualized cash savings amid COVID-19 challenges.
FAQ
What is the current stock price of Archrock (AROC)?
What is the market cap of Archrock (AROC)?
