Archrock Q4 2022 Earnings Report
Key Takeaways
Archrock reported strong Q4 2022 results, with revenue increasing to $218.9 million and net income rising to $10.5 million. The company achieved a record period-end utilization of 93% and declared a quarterly dividend of $0.15 per share, a 3% increase over the previous quarter. Archrock also provided 2023 financial guidance, projecting further growth and profitability.
Revenue for Q4 2022 was $218.9 million, up from $195.2 million in Q4 2021.
Net income for Q4 2022 was $10.5 million, compared to $6.0 million in Q4 2021.
Adjusted EBITDA for Q4 2022 was $89.0 million, up from $83.5 million in Q4 2021.
Achieved record period-end utilization of 93% in Q4 2022, compared to 84% in Q4 2021.
Archrock
Archrock
Archrock Revenue by Segment
Forward Guidance
Archrock provided its annual guidance for 2023, projecting net income between $75 million and $105 million, and adjusted EBITDA between $400 million and $430 million.
Positive Outlook
- Net income is projected to be between $75 million and $105 million.
- Adjusted EBITDA is expected to be between $400 million and $430 million.
- Contract operations revenue is guided to be between $775 million and $800 million.
- Aftermarket services revenue is expected to be between $170 million and $180 million.
- Cash available for dividend is projected to be between $202 million and $227 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income