Archrock, Inc. operates as an energy infrastructure company in the United States. It operates in two segments, Contract Operations and Aftermarket Services. The company engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining its owned fleet of natural gas compression equipment to provide natural gas compression services to customers in the oil and natural gas industry. It also offers various aftermarket services, such as sale of parts and components; and provision of operation, maintenance, overhaul, and reconfiguration services to customers who own compression equipment. The company was formerly known as Exterran Holdings, Inc. and changed its name to Archrock, Inc. in November 2015. Archrock, Inc. was founded in 1990 and is headquartered in Houston, Texas.
IPO Year:
Exchange: NYSE
Website: archrock.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/2/2024 | $24.00 | Outperform | Mizuho |
| 9/27/2024 | $24.00 | Buy | Citigroup |
| 9/25/2024 | $24.00 | Outperform | Evercore ISI |
| 9/6/2024 | $24.00 | Overweight | JP Morgan |
| 12/9/2022 | $10.00 | Outperform | Raymond James |
HOUSTON, April 24, 2025 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock" or the "Company") today announced that its Board of Directors has declared a quarterly dividend of $0.19 per share of common stock, or $0.76 per share on an annualized basis. The first quarter 2025 dividend will be paid on May 13, 2025, to all stockholders of record on May 6, 2025. The first quarter 2025 dividend per share amount is consistent with Archrock's fourth quarter 2024 dividend level and represents an increase of approximately 15 percent over the Archrock first quarter 2024 dividend level. About Archrock Archrock is an energy infrastructure company with a primary focus on midstream natural gas c
Business includes approximately 351,000 horsepower, comprised of 316,000 operating horsepower and a 35,000 horsepower backlog of contracted new equipmentAligns with Archrock's focus on large horsepower compression with blue-chip customersComplements and deepens Archrock's existing operations in the Permian BasinExpands Archrock's electric motor drive compression capabilities as customer demand for low carbon solutions continues to growThe $357 million transaction is expected to be immediately accretive to Archrock's earnings per share and cash available for dividend per share HOUSTON and TRAVERSE CITY, Mich., March 10, 2025 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") and N
Coldstream Energy, LLC ("Coldstream"), an innovator in natural gas processing technology for maximizing profits and reducing emissions at compressor stations, today announced the launch of its MaCH4 NGL Recovery Solution ("MaCH4"). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250227365481/en/ MaCH4 is an energy- and cost-efficient gas separation solution developed and patented by Coldstream. The solution is highly effective at recovering NGLs, reducing VOC emissions from compressor stations, and avoiding engine performance derating for maximizing station throughput and fee-based revenue. "The MaCH4 innovation positions Colds
HOUSTON, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") today reported results for the fourth quarter and full year 2024. Fourth Quarter and Full Year 2024 Highlights Revenue for the fourth quarter of 2024 was $326.4 million compared to $259.6 million in the fourth quarter of 2023. Revenue for 2024 was $1,157.6 million compared to $990.3 million in 2023.Net income for the fourth quarter of 2024 was $59.8 million and EPS was $0.34, compared to $33.0 million and $0.21, respectively, in the fourth quarter of 2023. Net income for 2024 was $172.2 million and EPS was $1.05, compared to $105.0 million and $0.67, respectively, in 2023.Adjusted net income (a non-GAAP me
HOUSTON, Feb. 17, 2025 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") will host a conference call on Tuesday, February 25, 2025, to discuss its fourth quarter and full-year 2024 financial and operating results as well as annual 2025 guidance. The call will begin at 9:00 a.m. Eastern Time. Archrock will release its fourth quarter 2024 earnings report prior to the conference call. To listen to the call via a live webcast, please visit Archrock's website at www.archrock.com. The call will also be available by dialing 1 (800) 715-9871 in the United States, or 1 (646) 307-1963 for international calls. The access code is 4749623. A replay of the webcast will be available for 90 day
HOUSTON, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock" or the "Company") today announced that its Board of Directors has declared an increased quarterly dividend of $0.19 per share of common stock, or $0.76 per share on an annualized basis. The fourth quarter 2024 dividend will be paid on February 19, 2025 to all stockholders of record on February 12, 2025. The fourth quarter 2024 dividend per share amount represents an increase of 9 percent over the Archrock third quarter 2024 dividend level and an increase of 15 percent over the Archrock fourth quarter 2023 dividend level. "We are implementing the fifth increase in Archrock's quarterly cash di
HOUSTON, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") today reported results for the third quarter 2024. Third Quarter 2024 Highlights Revenue for the third quarter of 2024 was $292.2 million compared to $253.4 million in the third quarter of 2023.Net income for the third quarter of 2024 was $37.5 million and earnings per share ("EPS") was $0.22, compared to $30.9 million and $0.20, respectively, in the third quarter of 2023.Adjusted net income (a non-GAAP measure defined below) for the third quarter of 2024 was $47.3 million and adjusted EPS (a non-GAAP measure defined below) was $0.28, compared to $30.9 million and $0.20, respectively, in the third quarter
HOUSTON, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock" or the "Company") today announced the publication of its 2023 Sustainability Report, providing an update on the Company's sustainability initiatives and performance. The report is based on 2023 data and also includes certain achievements made year-to-date in 2024, underscoring the Company's culture of continuous improvement. 2023 Sustainability Report Highlights Exceeded safety targets for Total Recordable Incident Rate and Preventable Vehicle Incident Rate, and delivered a zero Lost Time Incident Rate for the third consecutive year.Awarded the Gas Processors Suppliers Association (GPSA) Excellence in Safe
HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") will host a conference call on Tuesday, November 12, 2024, to discuss its third quarter 2024 financial and operating results. The call will begin at 9:00 a.m. Eastern Time. Archrock will release its third quarter 2024 earnings report prior to the conference call. To listen to the call via a live webcast, please visit Archrock's website at www.archrock.com. The call will also be available by dialing 1 (800) 715-9871 in the United States and Canada, or 1 (646) 307-1963 for international calls. The access code is 4749623. A replay of the webcast will be available for 90 days on Archrock's website shortly after
HOUSTON, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock" or the "Company") today announced that its Board of Directors has declared an increased quarterly dividend of $0.175 per share of common stock, or $0.70 per share on an annualized basis. The third quarter 2024 dividend will be paid on November 13, 2024 to all stockholders of record on November 6, 2024. The third quarter 2024 dividend per share amount represents an increase of 6 percent over the Archrock second quarter 2024 dividend level and an increase of 13 percent over the Archrock third quarter 2023 dividend level. "We are implementing the second increase in Archrock's quarterly cash dividend for 2024 a
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HOUSTON, April 24, 2025 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock" or the "Company") today announced that its Board of Directors has declared a quarterly dividend of $0.19 per share of common stock, or $0.76 per share on an annualized basis. The first quarter 2025 dividend will be paid on May 13, 2025, to all stockholders of record on May 6, 2025. The first quarter 2025 dividend per share amount is consistent with Archrock's fourth quarter 2024 dividend level and represents an increase of approximately 15 percent over the Archrock first quarter 2024 dividend level. About Archrock Archrock is an energy infrastructure company with a primary focus on midstream natural gas c
Business includes approximately 351,000 horsepower, comprised of 316,000 operating horsepower and a 35,000 horsepower backlog of contracted new equipmentAligns with Archrock's focus on large horsepower compression with blue-chip customersComplements and deepens Archrock's existing operations in the Permian BasinExpands Archrock's electric motor drive compression capabilities as customer demand for low carbon solutions continues to growThe $357 million transaction is expected to be immediately accretive to Archrock's earnings per share and cash available for dividend per share HOUSTON and TRAVERSE CITY, Mich., March 10, 2025 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") and N
HOUSTON, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") today reported results for the fourth quarter and full year 2024. Fourth Quarter and Full Year 2024 Highlights Revenue for the fourth quarter of 2024 was $326.4 million compared to $259.6 million in the fourth quarter of 2023. Revenue for 2024 was $1,157.6 million compared to $990.3 million in 2023.Net income for the fourth quarter of 2024 was $59.8 million and EPS was $0.34, compared to $33.0 million and $0.21, respectively, in the fourth quarter of 2023. Net income for 2024 was $172.2 million and EPS was $1.05, compared to $105.0 million and $0.67, respectively, in 2023.Adjusted net income (a non-GAAP me
HOUSTON, Feb. 17, 2025 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") will host a conference call on Tuesday, February 25, 2025, to discuss its fourth quarter and full-year 2024 financial and operating results as well as annual 2025 guidance. The call will begin at 9:00 a.m. Eastern Time. Archrock will release its fourth quarter 2024 earnings report prior to the conference call. To listen to the call via a live webcast, please visit Archrock's website at www.archrock.com. The call will also be available by dialing 1 (800) 715-9871 in the United States, or 1 (646) 307-1963 for international calls. The access code is 4749623. A replay of the webcast will be available for 90 day
HOUSTON, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock" or the "Company") today announced that its Board of Directors has declared an increased quarterly dividend of $0.19 per share of common stock, or $0.76 per share on an annualized basis. The fourth quarter 2024 dividend will be paid on February 19, 2025 to all stockholders of record on February 12, 2025. The fourth quarter 2024 dividend per share amount represents an increase of 9 percent over the Archrock third quarter 2024 dividend level and an increase of 15 percent over the Archrock fourth quarter 2023 dividend level. "We are implementing the fifth increase in Archrock's quarterly cash di
HOUSTON, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") today reported results for the third quarter 2024. Third Quarter 2024 Highlights Revenue for the third quarter of 2024 was $292.2 million compared to $253.4 million in the third quarter of 2023.Net income for the third quarter of 2024 was $37.5 million and earnings per share ("EPS") was $0.22, compared to $30.9 million and $0.20, respectively, in the third quarter of 2023.Adjusted net income (a non-GAAP measure defined below) for the third quarter of 2024 was $47.3 million and adjusted EPS (a non-GAAP measure defined below) was $0.28, compared to $30.9 million and $0.20, respectively, in the third quarter
HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") will host a conference call on Tuesday, November 12, 2024, to discuss its third quarter 2024 financial and operating results. The call will begin at 9:00 a.m. Eastern Time. Archrock will release its third quarter 2024 earnings report prior to the conference call. To listen to the call via a live webcast, please visit Archrock's website at www.archrock.com. The call will also be available by dialing 1 (800) 715-9871 in the United States and Canada, or 1 (646) 307-1963 for international calls. The access code is 4749623. A replay of the webcast will be available for 90 days on Archrock's website shortly after
HOUSTON, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock" or the "Company") today announced that its Board of Directors has declared an increased quarterly dividend of $0.175 per share of common stock, or $0.70 per share on an annualized basis. The third quarter 2024 dividend will be paid on November 13, 2024 to all stockholders of record on November 6, 2024. The third quarter 2024 dividend per share amount represents an increase of 6 percent over the Archrock second quarter 2024 dividend level and an increase of 13 percent over the Archrock third quarter 2023 dividend level. "We are implementing the second increase in Archrock's quarterly cash dividend for 2024 a
HOUSTON, July 30, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") today reported results for the second quarter 2024. Second Quarter 2024 and Recent Highlights Revenue for the second quarter of 2024 was $270.5 million compared to $247.5 million in the second quarter of 2023.Net income for the second quarter of 2024 was $34.4 million compared to $24.7 million in the second quarter of 2023.Adjusted EBITDA (a non-GAAP measure defined below) for the second quarter of 2024 was $129.7 million compared to $112.8 million in the second quarter of 2023.Leverage ratio at the end of the second quarter of 2024 was 3.2x compared to 4.2x at the end of the second quarter of 2023.Declare
HOUSTON, July 25, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock" or the "Company") today announced that its Board of Directors has declared a quarterly dividend of $0.165 per share of common stock, or $0.66 per share on an annualized basis. The second quarter 2024 dividend will be paid on August 13, 2024 to all stockholders of record on August 6, 2024. The second quarter 2024 dividend per share amount is consistent with Archrock's first quarter 2024 dividend and represents a year-over-year increase of 6 percent. "Archrock continues to prioritize returning capital to our shareholders through a well-covered dividend," said Brad Childers, Archrock's President and Chief Exec
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Mizuho initiated coverage of Archrock with a rating of Outperform and set a new price target of $24.00
Citigroup initiated coverage of Archrock with a rating of Buy and set a new price target of $24.00
Evercore ISI initiated coverage of Archrock with a rating of Outperform and set a new price target of $24.00
JP Morgan initiated coverage of Archrock with a rating of Overweight and set a new price target of $24.00
Raymond James initiated coverage of Archrock with a rating of Outperform and set a new price target of $10.00
B. Riley reiterated coverage of Archrock with a rating of Buy and set a new price target of $12.00 from $8.50 previously