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Sep 30, 2021
Archrock Q3 2021 Earnings Report
Revenue decreased due to lower contract operations, while aftermarket services revenue increased. Net income and Adjusted EBITDA also decreased compared to the same quarter last year.
Key Takeaways
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.
Revenue for Q3 2021 was $195.2 million, down from $205.6 million in Q3 2020.
Net income for Q3 2021 was $9.3 million, compared to $18.3 million in Q3 2020.
Adjusted EBITDA for Q3 2021 was $92.4 million, versus $112.6 million in Q3 2020.
The company grew its operating horsepower and drove improved contract compression bookings.
Archrock
Archrock
Archrock Revenue by Segment
Revenue by Segment
Contract Operations Revenue
CapyFin.comAftermarket Services Revenue
CapyFin.com Forward Guidance
Archrock expects to achieve 2021 Adjusted EBITDA above the midpoint of its $340 million to $355 million guidance range.
Revenue & Expenses
Visualization of income flow from segment revenue to net income