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 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.
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