Archrock Inc Stock Price, News & Analysis

Archrock reported a strong second quarter for 2022, with revenue of $215.8 million, up from $195.6 million year-over-year. Net income was $16.7 million, significantly higher than $8.8 million in Q2 2021. Adjusted EBITDA rose to $99.5 million from $87.0 million. The company announced plans to acquire a 25% equity stake in Ecotec International Holdings, enhancing its methane emissions monitoring capabilities. A quarterly dividend of $0.145 per share was declared, maintaining a coverage ratio of 2.3x. Management expects continued growth amidst economic uncertainties.

On July 28, 2022, Archrock (NYSE: AROC) announced a quarterly dividend of $0.145 per share, translating to an annualized $0.58. This dividend will be distributed on August 16, 2022 to all shareholders on record as of August 9, 2022. Archrock specializes in midstream natural gas compression and is committed to environmentally responsible practices, leading the market in compression services across the U.S.

Archrock, Inc. (NYSE: AROC) will host a conference call on August 3, 2022, at 9:00 a.m. ET to discuss its Q2 2022 financial results. Prior to the call, the earnings report will be released. Investors can listen to the call via a live webcast on Archrock’s website or by dialing 1 (888) 440-5667 in the U.S. or 1 (646) 960-0476 internationally, using access code 4749623. A replay will be available on the website for 90 days. Archrock specializes in midstream natural gas compression, committed to safe and environmentally responsible practices.

Archrock (NYSE: AROC) reported first-quarter 2022 revenue of $197.2 million, up from $195.4 million in Q1 2021. Net income decreased to $1.7 million from $4.2 million year-over-year. Adjusted EBITDA fell to $81.4 million compared to $97.9 million in Q1 2021. The company achieved a 40% rise in contract operations bookings from the previous quarter. Archrock has also acquired a 25% stake in Ecotec International Holdings, enhancing its methane emissions management capabilities. A quarterly dividend of $0.145 was declared, yielding 1.8x dividend coverage.

Archrock will host a conference call on May 10, 2022, at 11:00 a.m. Eastern Time, to discuss its first quarter 2022 financial and operating results. The earnings report will be released prior to the call. Investors can access the call via a live webcast on Archrock’s website or by phone. The call will be available for replay for 90 days. Archrock is a leading provider of natural gas compression services in the U.S., focusing on midstream energy infrastructure.

Archrock, Inc. (NYSE: AROC) announced a quarterly dividend of $0.145 per share, totaling $0.58 annually. This dividend will be paid on May 17, 2022, to shareholders on record as of May 10, 2022. As a leading provider of natural gas compression services in the U.S., Archrock focuses on midstream energy infrastructure. The company's commitment to returning value to shareholders through consistent dividends demonstrates its operational confidence. Archrock's financials and market performance can be further reviewed in its filings available on the SEC website.

Archrock (NYSE: AROC) announced its acquisition of a minority equity stake in ECOTEC, a leader in methane emissions management. This strategic investment aims to enhance Archrock's offerings in support of sustainability efforts, particularly in the oil and gas sector. ECOTEC specializes in identifying and mitigating methane emissions with advanced technology and has over 30 years of industry expertise. The partnership aligns with the growing emphasis on ESG strategies among energy companies and is expected to create significant value for both Archrock's customers and shareholders.

Archrock, Inc. (NYSE: AROC) reported Q4 and full-year 2021 results, highlighting fourth quarter revenue of $195.2 million, down from $199.3 million in Q4 2020. Full-year revenue decreased to $781.5 million from $875.0 million in 2020. Despite lower revenues, net income rose to $6.0 million in Q4 2021, compared to $4.8 million in Q4 2020, and net income for 2021 reached $28.2 million, recovering from a $68.4 million loss in 2020. The adjusted EBITDA for 2021 was $360.8 million, down from $414.8 million in 2020. Archrock provided 2022 guidance, projecting net income between $15,000 and $55,000.

Archrock (NYSE:AROC) will host a conference call on February 23, 2022, at 10:00 a.m. ET to discuss its fourth quarter 2021 financial and operational results, along with 2022 guidance. An earnings report will be released prior to the call. Participants can listen via a live webcast on Archrock's website or by calling 1-888-440-5667 in the U.S. A replay will be accessible for 90 days. Archrock specializes in midstream natural gas compression and is a leading provider in the U.S.