Archrock Earnings Reports

Archrock reported strong Q4 2024 results, with revenue of $326.4 million and net income of $59.8 million. The company highlighted its increased contract operations adjusted gross margin, improved net income, and growth in adjusted EBITDA. Archrock also provided 2025 guidance, anticipating continued market opportunities from rising energy demand and natural gas requirements.

Archrock reported strong third-quarter results, with revenue increasing to $292.2 million and net income reaching $37.5 million. The company's performance was boosted by the acquisition of TOPS, which contributed to its financial and operational strength. Archrock also raised its full-year 2024 adjusted EBITDA guidance, reflecting confidence in its future performance.

Archrock reported a strong second quarter with increased revenue and net income compared to the previous year. The company's revenue reached $270.5 million, and net income was $34.4 million. Archrock is also acquiring Total Operations and Production Services, LLC (TOPS).

Archrock reported strong first quarter 2024 results, with revenue increasing to $268.5 million and net income reaching $40.5 million. The company's adjusted EBITDA also saw significant growth, and they raised their full-year adjusted EBITDA guidance, reflecting confidence in sustained utilization, pricing, and profitability.

Archrock reported a strong fourth quarter and full year 2023, with revenue increasing to $259.6 million for the quarter and $990.3 million for the year. Net income also saw a substantial rise, reaching $33.0 million for the quarter and $105.0 million for the year. The company's adjusted EBITDA reached $120.3 million for the quarter and $450.4 million for the year. The company provided 2024 guidance with Adjusted EBITDA expected between $500 million and $530 million.

Archrock reported strong Q3 2023 results, with revenue increasing to $253.4 million and net income reaching $30.9 million. The company achieved a record period-end utilization of 96% and expects to deliver close to the high-end of its previously issued 2023 Adjusted EBITDA guidance.

Archrock reported strong Q1 2023 results with revenue increasing to $229.8 million and net income rising to $16.5 million. The company achieved a record utilization rate of 94% and is trending towards the high-end of its Adjusted EBITDA guidance range.

Archrock reported strong Q4 2022 results, with revenue increasing to $218.9 million and net income rising to $10.5 million. The company achieved a record period-end utilization of 93% and declared a quarterly dividend of $0.15 per share, a 3% increase over the previous quarter. Archrock also provided 2023 financial guidance, projecting further growth and profitability.

Archrock reported strong Q3 2022 results with revenue of $213.7 million, a net income of $15.4 million, and record period-end utilization of 89%. The company is optimistic about future growth, driven by resilient demand for natural gas and successful field tests of a proprietary methane capture technology.

Archrock reported a strong second quarter with revenue of $215.8 million and net income of $16.7 million. The company saw increased demand for its large midstream compression services and aftermarket services.

Archrock's first quarter 2022 revenue was $197.2 million, a slight increase from $195.4 million in the first quarter of 2021. Net income was $1.7 million, down from $4.2 million in the same period last year. The company is raising the low end of its annual adjusted EBITDA guidance range and now expects to generate positive free cash flow after dividends in 2022.

Archrock reported Q4 2021 revenue of $195.2 million and net income of $6.0 million. The company delivered a sequential increase in contract operations revenue and achieved its highest quarterly levels of operating horsepower growth and bookings for the year. Archrock closed out 2021 generating positive net income and record annual free cash flow.

Archrock's Q3 2021 results showed a decrease in revenue and net income compared to Q3 2020. Revenue was $195.2 million, net income was $9.3 million, and Adjusted EBITDA was $92.4 million. The company expects to achieve 2021 Adjusted EBITDA above the midpoint of its guidance range.

Archrock reported second-quarter revenue of $195.6 million and net income of $8.8 million. The company's contract operations segment saw revenue of $163.9 million, while the aftermarket services segment generated $31.8 million. Archrock is tightening its 2021 Adjusted EBITDA guidance range to $340 million to $355 million.

Archrock reported first-quarter 2021 results with a revenue of $195.4 million and a net income of $4.2 million, marking a significant improvement from the net loss in the same quarter of the previous year. The company focused on cost control and strategic asset sales, achieving a contract operations gross margin of 63%. Archrock reaffirmed its 2021 Adjusted EBITDA guidance range of $335 million to $375 million.

Archrock's Q4 2020 revenue was $199.3 million, a decrease from $246.0 million in Q4 2019. Net income for the quarter was $4.8 million, significantly lower than the $46.0 million reported in the same period last year. Despite the decline in revenue and net income, the company's dividend coverage remained strong at 2.5x.

Archrock reported a decrease in revenue and net income for Q3 2020 compared to Q3 2019. Revenue decreased from $244.9 million to $205.6 million. Net income decreased from $20.4 million to $18.3 million. However, adjusted EBITDA increased slightly from $112.1 million to $112.6 million. The company focused on cost management and debt repayment during the quarter.

Archrock reported a revenue of $220.3 million and a net loss of $30.4 million for Q2 2020. Despite market challenges, the company improved its contract operations gross margin percentage through aggressive cost management. They also saw signs of market stabilization entering the third quarter.

Archrock reported a revenue increase of 5.7% year-over-year, driven by contract operations, but experienced a net loss due to a goodwill impairment charge related to the Elite Compression acquisition. The company is implementing cost reduction measures in response to the COVID-19 pandemic and economic slowdown.

Archrock reported a net income of $46.0 million for Q4 2019, which included a non-cash benefit of $39.6 million from the release of a deferred tax asset valuation allowance and a non-cash long-lived asset impairment of $25.8 million. Adjusted EBITDA for the fourth quarter of 2019 was $112.5 million, up 15% compared to the fourth quarter of 2018. The company's contract operations segment saw a revenue increase of 16%, while the aftermarket services segment experienced a revenue decrease due to customer deferral of maintenance activities.