Archrock Inc Stock Price, News & Analysis

Archrock, Inc. (NYSE: AROC) has declared a quarterly dividend of $0.145 per share, translating to $0.58 annually. This dividend will be paid on May 17, 2021 to stockholders on record by May 10, 2021. As a leader in midstream natural gas compression services, Archrock supports customers in the oil and gas industry across the U.S. The company emphasizes its commitment to returning value to shareholders while navigating the energy infrastructure landscape.

Archrock will hold a conference call on April 30, 2021, at 11:00 a.m. ET to discuss its Q1 2021 financial and operating results. Prior to the call, the company will release its earnings report. Interested parties can listen live on Archrock’s website or by calling 1-833-989-2934 in the U.S. and Canada (or 1-587-505-2692 internationally) using access code 8589836. A replay will be available for 90 days post-call. Archrock specializes in midstream natural gas compression services and is a leading provider in the U.S.

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.