Archrock Q4 2021 Earnings Report
Key Takeaways
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.
Revenue for the fourth quarter of 2021 was $195.2 million compared to $199.3 million in the fourth quarter of 2020.
Net income for the fourth quarter of 2021 was $6.0 million compared to $4.8 million in the fourth quarter of 2020.
Adjusted EBITDA for the fourth quarter of 2021 was $83.5 million compared to $88.7 million in the fourth quarter of 2020.
Previously-declared quarterly dividend of $0.145 per common share for the fourth quarter of 2021 resulted in dividend coverage of 2.0x.
Archrock
Archrock
Archrock Revenue by Segment
Forward Guidance
Archrock provided annual guidance for 2022, with net income between $15 million and $55 million and Adjusted EBITDA between $320 million and $360 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income