Archrock Q1 2022 Earnings Report
Key Takeaways
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.
Revenue for the first quarter of 2022 was $197.2 million, compared to $195.4 million in the first quarter of 2021.
Net income for the first quarter of 2022 was $1.7 million, compared to $4.2 million in the first quarter of 2021.
Adjusted EBITDA for the first quarter of 2022 was $81.4 million, compared to $97.9 million in the first quarter of 2021.
Net cash provided by operating activities for the first quarter of 2022 was $76.6 million and free cash flow after dividend was $17.2 million.
Archrock
Archrock
Archrock Revenue by Segment
Forward Guidance
Archrock 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income