Archrock Q1 2024 Earnings Report
Key Takeaways
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.
Revenue increased to $268.5 million, compared to $229.8 million in Q1 2023.
Net income rose to $40.5 million, up from $16.5 million in the same quarter last year.
Adjusted EBITDA reached $131.0 million, compared to $97.2 million in Q1 2023.
The company raised its 2024 adjusted EBITDA guidance to a range of $510 million to $540 million.
Archrock
Archrock
Archrock Revenue by Segment
Forward Guidance
Archrock raised its 2024 Adjusted EBITDA guidance to a range of $510 million to $540 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income