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 |
8-K - Archrock, Inc. (0001389050) (Filer)
8-K - Archrock, Inc. (0001389050) (Filer)
8-K - Archrock, Inc. (0001389050) (Filer)
8-K - Archrock, Inc. (0001389050) (Filer)
8-K - Archrock, Inc. (0001389050) (Filer)
8-K - Archrock, Inc. (0001389050) (Filer)
10-Q - Archrock, Inc. (0001389050) (Filer)
8-K - Archrock, Inc. (0001389050) (Filer)
8-K - Archrock, Inc. (0001389050) (Filer)
424B5 - Archrock, Inc. (0001389050) (Filer)
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, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock" or the "Company") today announced that it has completed its previously announced acquisition of Total Operations and Production Services, LLC ("TOPS"). "With this accretive transaction, we are adding a young fleet that deepens Archrock's compression operations in the Permian Basin and establishes our leadership position in electric motor drive compression," said Brad Childers, President and Chief Executive Officer of Archrock. "We are excited to welcome the TOPS employees to Archrock and work together to expand our exceptional service to new and existing customers and create significant shareholder value. Gi
HOUSTON, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act"), in connection with its pending acquisition of Total Operations and Production Services, LLC. The expiration of the waiting period under the HSR Act satisfies an important condition necessary for the completion of the transaction. The transaction is expected to close in the third quarter of 2024 subject to the satisfaction of other customary closing conditions. About Archrock Archrock is an energy infrastructure company with a primary focus on midstream natural gas compression and a comm
HOUSTON, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") today announced the closing of the previously announced private offering by Archrock Partners, L.P. ("Archrock Partners"), a wholly-owned subsidiary of Archrock, of $700 million aggregate principal amount of 6.625% senior notes due 2032 (the "Notes"). Archrock Partners Finance Corp. ("Finance Corp." and, together with Archrock Partners, the "Issuers"), a wholly-owned subsidiary of Archrock Partners, is the co-issuer of the Notes. Archrock intends to use the net proceeds from the offering of the Notes to fund a portion of the cash consideration for the previously announced acquisition of 100% of the issued an
HOUSTON, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") today announced that it had received tenders for an aggregate principal amount of approximately $312.3 million of its outstanding 6.875% Senior Unsecured Notes due 2027 (the "Notes") in its previously announced cash tender offer (the "offer") to purchase up to $200 million aggregate principal amount (the "Tender Cap") of the $500 million aggregate principal amount outstanding of the Notes, as of 5:00 p.m., New York City time, on August 23, 2024 (the "Early Tender Deadline"), as well as the initial settlement date for the offer on August 26, 2024 (the "Initial Settlement Date"). The offer is being made pursu
HOUSTON, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") today announced the pricing of an upsized private offering by Archrock Partners, L.P. ("Archrock Partners"), a wholly-owned subsidiary of Archrock, of $700 million aggregate principal amount of 6.625% senior notes due 2032 (the "Notes"). The Notes were priced at par. The offering is expected to close on August 26, 2024, subject to the satisfaction of customary closing conditions. Archrock Partners Finance Corp. ("Finance Corp. and, together with Archrock Partners, the "Issuers"), a wholly-owned subsidiary of Archrock Partners, will serve as co-issuer of the Notes. Concurrently with the pricing of this offer
HOUSTON, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") announced today that its subsidiaries, Archrock Partners, L.P. and Archrock Partners Finance Corp. (together, the "Offerors"), have commenced an offer to purchase for cash up to $200,000,000 of the outstanding aggregate principal amount of the Offerors' 6.875% Senior Unsecured Notes due 2027 (the "Notes"), upon terms and subject to the conditions set forth in the Offer to Purchase, dated August 12, 2024 (as may be amended or supplemented from time to time, the "Offer to Purchase") (the "Tender Offer"). Notes validly tendered and not validly withdrawn at or prior to 5:00 p.m., New York City time, on August 2
HOUSTON, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") today announced that Archrock Partners, L.P. ("Archrock Partners"), a wholly-owned subsidiary of Archrock, intends, subject to market and other conditions, to offer and sell to eligible purchasers $500 million aggregate principal amount of senior notes due 2032 (the "Notes"). Archrock Partners Finance Corp., a wholly-owned subsidiary of Archrock Partners (together with Archrock Partners, the "Issuers"), will serve as co-issuer of the Notes. Archrock intends to use the net proceeds from the offering of the Notes to fund a portion of the cash consideration for the previously announced acquisition of 100% of t
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
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
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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
HOUSTON, July 24, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") will host a conference call on Wednesday, July 31, 2024, to discuss its second quarter 2024 financial and operating results. The call will begin at 10:00 a.m. Eastern Time. Archrock will release its second 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 af
$983 million cash and stock transaction expected to be immediately accretive to Archrock's earnings per share and cash available for dividend per shareComplements and deepens existing compression operations in the Permian Basin with addition of 580,000 horsepower of young assets, including approximately 500,000 operating horsepower and a substantial and contracted backlog of new equipmentExpands Archrock's capabilities in electric motor drive compression, in-line with emissions reduction strategyArchrock to host a conference call on Tuesday, July 23 at 10:00 a.m. ET HOUSTON and MIDLAND, Texas, July 22, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") and Total Operations a
HOUSTON, April 30, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock"," the "Company," "we," "us," "our") today reported results for the first quarter 2024. First Quarter 2024 Highlights Revenue for the first quarter of 2024 was $268.5 million compared to $229.8 million in the first quarter of 2023.Net income for the first quarter of 2024 was $40.5 million compared to $16.5 million in the first quarter of 2023.Adjusted EBITDA (a non-GAAP measure defined below) for the first quarter of 2024 was $131.0 million compared to $97.2 million in the first quarter of 2023.Leverage ratio at the end of the first quarter of 2024 was 3.2x compared to 4.1x at the end of the first quarter o
HOUSTON, April 26, 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 first quarter 2024 dividend will be paid on May 14, 2024 to all stockholders of record on May 7, 2024. The first quarter 2024 dividend per share amount is consistent with Archrock's fourth quarter 2023 dividend and represents a year-over-year increase of 10 percent. The Board of Directors has also approved an extension of the Company's share repurchase program ("Share Repurchase Program") upon expiry of the current authorizat
HOUSTON, April 22, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") will host a conference call on Wednesday, May 1, 2024, to discuss its first quarter 2024 financial and operating results. The call will begin at 12:00 p.m. Eastern Time. Archrock will release its first 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 t
HOUSTON, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") today reported results for the fourth quarter and full year 2023 and provided 2024 guidance. Fourth Quarter and Full Year 2023 Highlights Revenue for the fourth quarter of 2023 was $259.6 million compared to $218.9 million in the fourth quarter of 2022. Revenue for 2023 was $990.3 million compared to $845.6 million in 2022.Net income for the fourth quarter of 2023 was $33.0 million compared to $10.5 million in the fourth quarter of 2022. Net income for 2023 was $105.0 million compared to $44.3 million in 2022.Adjusted EBITDA (a non-GAAP measure defined below) for the fourth quarter of 2023 was $120.3 m
4 - Archrock, Inc. (0001389050) (Issuer)
4 - Archrock, Inc. (0001389050) (Issuer)
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Stifel analyst Selman Akyol maintains Archrock (NYSE:AROC) with a Buy and raises the price target from $23 to $25.
Shares of Comcast Corporation (NASDAQ:CMCSA) fell sharply during Tuesday's session after the company reported worse-than-expected second-quarter sales results. Comcast reported second-quarter revenue decline of 2.7% year-over-year to $29.69 billion, missing the analyst consensus estimate of $30.02 billion.The company reported adjusted EPS of $1.21, beating analyst consensus estimates of $1.12, according to data from Benzinga Pro. Comcast shares declined 6.1% to $37.12 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Azitra, Inc. (NYSE:AZTR) shares jumped 529% to $10.19 after the company announced that the U.S. Patent and Trademark Office grant
Archrock Inc (NYSE:AROC) shares are trading lower by 5.4% to $22.09 during Tuesday’s session after the company priced an 11 million share offering at $21 per share. The offering is expected to raise approximately $223 million after expenses. The offering is set to close on July 24, pending customary conditions, with an option for underwriters to buy an additional 1.65 million shares. Archrock plans to use the proceeds to help finance the acquisition of Total Operations and Production Services, LLC (TOPS) and for general corporate purposes if the acquisition does not proceed. Read Also: Veteran Wall Street Investor Downplays Recession Odds: ‘Current Bull Market Has More Support From
U.S. stock futures were mixed this morning, with the Dow futures gaining around 20 points on Tuesday. Shares of NXP Semiconductors N.V. (NASDAQ:NXPI) fell sharply in today's pre-market trading following mixed second-quarter earnings. NXP said second-quarter revenue decreased 5% year-over-year to $3.127 billion, beating analyst estimates of $3.125 billion. The company reported adjusted earnings of $3.20 per share, narrowly missing estimates of $3.21 per share, per Benzinga Pro. NXP said it expects third-quarter revenue to be in the range of $3.15 billion to $3.35 billion versus estimates of $3.35 billion. The company sees third-quarter adjusted earnings in the range of $3.21 to $3.63
Archrock will grant the underwriters an option for 30 days to purchase up to an additional 1.65 million shares of common stock from Archrock. Archrock intends to use the net proceeds from the offering to fund the cash portion of the purchase price for the previously announced acquisition of 100% of the issued and outstanding membership interests of Total Operations and Production Services, LLC
Adds 580,000 Horsepower Of Young Assets And Expands Electric Motor Drive Compression Capabilities; Conference Call Scheduled For July 23
Archrock's (NYSE:AROC) short percent of float has risen 7.59% since its last report. The company recently reported that it has 6.18 million shares sold short, which is 5.53% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.12 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is im