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 an energy infrastructure company headquartered in Houston, Texas with a primary focus on midstream natural gas compression. Its news flow reflects activity across contract operations, aftermarket services, capital markets and corporate finance, giving investors and industry followers insight into both operating performance and financial strategy.
Regular earnings releases detail segment results for Contract Operations and Aftermarket Services, including revenue, adjusted gross margin, adjusted EBITDA and non-GAAP metrics such as adjusted net income and cash available for dividend. These updates also include fleet statistics like total available horsepower, operating horsepower and utilization, which are central indicators for a compression-focused business.
Archrock’s news also covers capital structure developments, such as private offerings of senior notes due 2034 by Archrock Services, L.P. and Archrock Partners Finance Corp., amendments to its senior secured asset-based revolving credit facility, and redemptions of existing senior notes. Disclosures explain intended uses of proceeds, including repayment of borrowings under the revolving credit facility.
For income-focused investors, Archrock frequently announces quarterly cash dividends on its common stock, along with commentary on dividend coverage and share repurchase activity under its authorized program. Additional items include announcements of conference call schedules for quarterly results, publication of investor presentations and information about the company’s dual listing on NYSE Texas.
This news page aggregates these updates so readers can follow Archrock’s operating trends, financing actions, dividend decisions and other material events as reported in press releases and related SEC filings.
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.
Archrock (NYSE:AROC) will host a conference call on February 23, 2021, to discuss its fourth quarter 2020 financial results and provide guidance for 2021. The call begins at 11:00 a.m. Eastern Time, with the earnings report released before the call. Investors can access the call via a live webcast on the Archrock website or by phone. Archrock specializes in midstream natural gas compression services and is a leading provider in the U.S. oil and natural gas industry.
Archrock has declared a quarterly dividend of $0.145 per share, totaling $0.58 annually. This dividend will be paid on February 16, 2021, to shareholders on record as of February 8, 2021. The company, a leader in natural gas compression services in the U.S., emphasizes its focus on energy infrastructure. Shareholders may view this consistent dividend as a sign of financial stability and confidence in future performance.
Archrock, Inc. (NYSE:AROC) announced the retirement of Wendell R. Brooks from its Board of Directors on January 20, 2021, after serving since 2015. Leonard W. Mallett was appointed to the Board immediately following Mr. Brooks's departure. Mallett brings extensive experience in the midstream sector, having previously held roles at Summit Midstream Partners and Enterprise Products Partners. Chairman Gordon Hall expressed gratitude for Brooks's contributions and optimism about Mallett's potential impact on the Company.
On December 17, 2020, Archrock announced the closing of a private offering of $300 million aggregate principal amount of 6.250% senior notes due 2028 by its subsidiary, Archrock Partners. These New Notes are additional to the previously issued $500 million in senior notes and will share identical terms. Proceeds will be used to repay outstanding borrowings and for general partnership purposes. The offering was made under Rule 144A and Regulation S as the notes are not registered under the Securities Act.
Archrock, a leader in natural gas compression services, announced an upsized private offering of $300 million in 6.250% senior notes due 2028, increasing from an initial $250 million. The notes will be sold at an issue price of 104.875% and are intended to partially repay borrowings under Archrock Partners' revolving credit facility. The offering is expected to close on December 17, 2020, pending customary conditions. The New Notes will combine with previously issued notes under the same indenture, highlighting Archrock's continued financial strategy in the midstream natural gas sector.
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.