Archrock S-3 shelf registration: common, preferred and debt securities available
Archrock, Inc. filed a shelf Form S-3 registration statement effective September 8, 2025 to offer common stock, preferred stock and various debt securities from time to time. The company is a NYSE- and NYSE Texas-listed energy infrastructure firm (ticker AROC) focused on midstream natural gas compression and aftermarket services. The prospectus identifies this as a shelf offering by a well-known seasoned issuer and states the last reported NYSE sale price on September 5, 2025 was $25.25 per share. Use of proceeds will be described in future prospectus supplements. The filing incorporates by reference Archrock’s recent annual and quarterly reports and certain current reports, and notes Deloitte & Touche LLP as auditor. The prospectus discloses corporate governance, authorized capital, anti-takeover provisions under Delaware law and key terms for potential debt offerings under a Computershare indenture.
Positive
- Well-known seasoned issuer shelf filing provides Archrock flexibility to raise capital through equity or debt offerings over time.
- Listed on NYSE and NYSE Texas (AROC) with a recent quoted share price of $25.25 (Sept 5, 2025), supporting market access.
- Incorporation by reference to recent Annual and Quarterly Reports supplies investors with audited financials and ongoing disclosure.
- Deloitte & Touche LLP engaged as independent auditor, and Computershare named as indenture trustee for debt securities.
Negative
- No specific use of proceeds disclosed in the base prospectus; intended uses will be set forth only in future prospectus supplements.
- Debt securitiesdo not include change-of-control protection unless specified in a supplement.
- Anti-takeover provisions
Insights
TL;DR Routine shelf registration increases financing flexibility but contains no immediate financing specifics.
The filing is a standard S-3ASR shelf for a well-known seasoned issuer that enables Archrock to issue equity or debt opportunistically. Key investor-relevant items are explicit: securities types (common, preferred, debt), use-of-proceeds to be specified in supplements, incorporation by reference to recent 2024 Annual Report and 2025 quarterly/current reports, and a stated recent share price ($25.25 on Sept 5, 2025). The company names Computershare as indenture trustee and Deloitte & Touche as auditors. There are no operational or financial performance metrics in this prospectus; material financial details will appear in supplements or incorporated filings. Overall impact is neutral absent a prospectus supplement specifying amounts, pricing or purpose.
TL;DR Certificate and bylaw provisions reinforce board control and include standard Delaware anti-takeover protections.
The prospectus describes governance features that could affect control transactions: Section 203 of the DGCL applies, the board may issue preferred stock without stockholder approval, advance notice requirements for director nominations are set, vacancies may be filled by the board, and special meetings are limited. These provisions are explicitly summarized and may deter unsolicited takeovers or accelerate negotiation leverage for management. The filing appropriately discloses indemnification, director liability limitations and forum selection clauses.
SECURITIES AND EXCHANGE COMMISSION
UNDER
THE SECURITIES ACT OF 1933
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Delaware
(State or other jurisdiction of
incorporation or organization) |
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74-3204509
(I.R.S. Employer
Identification Number) |
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Houston, Texas 77024
(281) 836-8000
Senior Vice President, General Counsel and Secretary
9807 Katy Freeway, Suite 100
Houston, TX 77024
(281) 836-8000
Ryan J. Maierson
Nick S. Dhesi
Latham & Watkins LLP
811 Main Street, Suite 3700
Houston, Texas 77002
(713) 546-5400
From time to time after the effective date of this registration statement.
| | Large accelerated filer ☒ | | | Accelerated filer ☐ | |
| | Non-accelerated filer ☐ | | | Smaller reporting company ☐ | |
| | | | | Emerging growth company ☐ | |
Preferred Stock
Debt Securities
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ABOUT THIS PROSPECTUS
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| | | | 1 | | |
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SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
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| | | | 2 | | |
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WHERE YOU CAN FIND MORE INFORMATION; INCORPORATION BY REFERENCE
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THE COMPANY
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RISK FACTORS
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USE OF PROCEEDS
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DESCRIPTION OF CAPITAL STOCK
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DESCRIPTION OF DEBT SECURITIES
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GLOBAL SECURITIES
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PLAN OF DISTRIBUTION
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LEGAL MATTERS
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EXPERTS
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Houston, Texas 77024
Attn: Investor Relations
(281) 836-8000
INFORMATION NOT REQUIRED IN PROSPECTUS
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SEC registration fee
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| | | $ | (1) | | |
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FINRA filing fee
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| | | $ | (2) | | |
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The New York Stock Exchange supplemental listing fee
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| | | $ | (2) | | |
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Printing expenses
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| | | $ | (2) | | |
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Legal fees and expenses
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| | | $ | (2) | | |
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Accounting fees and expenses
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| | | $ | (2) | | |
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Blue Sky, qualification fees and expenses
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| | | $ | (2) | | |
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Transfer agent fees and expenses
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| | | $ | (2) | | |
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Miscellaneous
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| | | $ | (2) | | |
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Total
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| | | $ | (1)(2) | | |
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Exhibit
Number |
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Description
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| | 1.1* | | | Form of Underwriting Agreement. | |
| | 3.1 | | | Composite Restated Certificate of Incorporation of Archrock, Inc., incorporated by reference to Exhibit 3.3 to the Registrant’s Annual Report on Form 10-K for the year ended December 31, 2015. | |
| | 3.2 | | | Third Amended and Restated Bylaws of Exterran Holdings, Inc. (now Archrock, Inc.), incorporated by reference to Exhibit 3.1 of the Registrant’s Current Report on Form 8-K filed on March 20, 2013. | |
| | 3.3 | | |
Amendment No. 1 to Third Amended and Restated Bylaws of Archrock, Inc., incorporated by reference to Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed on May 5, 2020.
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| | 4.1 | | |
Form of Indenture.
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| | 5.1 | | |
Opinion of Latham & Watkins LLP.
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Exhibit
Number |
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Description
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| | 23.1 | | |
Consent of Latham & Watkins LLP (included in Exhibit 5.1).
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| | 23.2 | | |
Consent of Deloitte & Touche LLP, independent registered public accounting firm.
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| | 24.1 | | |
Powers of Attorney (incorporated by reference to the signature page hereto).
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| | 25.1 | | |
Statement of Eligibility on Form T-1 under the Trust Indenture Act of 1939 as amended, of Computershare Trust Company, N.A., as trustee under the indenture filed as Exhibit 4.1 above.
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| | 107 | | |
Calculation of Filing Fee Table.
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Senior Vice President and Chief Financial Officer
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Name
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Title
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/s/ D. Bradley Childers
D. Bradley Childers
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President, Chief Executive Officer and Director
(Principal Executive Officer) |
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/s/ Douglas S. Aron
Douglas S. Aron
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Senior Vice President and Chief Financial Officer
(Principal Financial Officer) |
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/s/ Donna A. Henderson
Donna A. Henderson
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Vice President and Chief Accounting Officer
(Principal Accounting Officer) |
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/s/ Anne Marie N. Ainsworth
Anne-Marie N. Ainsworth
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Director
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/s/ Gordon T. Hall
Gordon T. Hall
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Director
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/s/ Frances Powell Hawes
Frances Powell Hawes
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Director
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Name
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Title
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/s/ J.W.G. Honeybourne
J.W.G. Honeybourne
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Director
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/s/ James H. Lytal
James H. Lytal
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Director
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/s/ Leonard W. Mallett
Leonard W. Mallett
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Director
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/s/ Jason C. Rebrook
Jason C. Rebrook
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Director
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/s/ Edmund P. Segner, III
Edmund P. Segner, III
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Director
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