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Mar 31, 2024
Archrock Q1 2024 Earnings Report
Archrock reported increased revenue and net income in Q1 2024, driven by strong performance in contract operations and aftermarket services.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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