Archrock, Inc. (AROC)
Market Cap | 3.67B |
Revenue (ttm) | 1.05B |
Net Income (ttm) | 136.83M |
Shares Out | 175.81M |
EPS (ttm) | 0.89 |
PE Ratio | 23.58 |
Forward PE | 18.10 |
Dividend | $0.66 (3.16%) |
Ex-Dividend Date | Aug 6, 2024 |
Volume | 986,367 |
Open | 20.95 |
Previous Close | 20.40 |
Day's Range | 20.62 - 21.09 |
52-Week Range | 11.73 - 23.44 |
Beta | 1.50 |
Analysts | Strong Buy |
Price Target | 21.50 (+2.97%) |
Earnings Date | Oct 30, 2024 |
About AROC
Archrock, Inc., together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services. The company also sells over-the-counter parts and components; and provides operations, major and routine maintenance, overhaul, and reconfigur... [Read more]
Financial Performance
In 2023, Archrock's revenue was $990.34 million, an increase of 17.12% compared to the previous year's $845.57 million. Earnings were $103.12 million, an increase of 140.56%.
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for AROC stock is "Strong Buy." The 12-month stock price forecast is $21.5, which is an increase of 2.97% from the latest price.
News
Archrock Completes Acquisition of Total Operations and Production Services, LLC
HOUSTON, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock” or the “Company”) today announced that it has completed its previously announced acquisition of Total Operations and ...
Archrock Announces Expiration of Hart-Scott-Rodino Act Waiting Period for Acquisition of Total Operations and Production Services, LLC
HOUSTON, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act...
Archrock Announces Closing of $700 Million of Senior Notes Offering
HOUSTON, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock”) today announced the closing of the previously announced private offering by Archrock Partners, L.P. (“Archrock Partn...
Archrock Announces Early Results and Initial Settlement Date for Tender Offer for its 6.875% Senior Notes due 2027
HOUSTON, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock”) today announced that it had received tenders for an aggregate principal amount of approximately $312.3 million of it...
Archrock Announces Upsizing and Pricing of $700 Million of Senior Notes
HOUSTON, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock”) today announced the pricing of an upsized private offering by Archrock Partners, L.P. (“Archrock Partners”), a wholl...
Archrock, Inc. Announces Tender Offer for Outstanding Notes
HOUSTON, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock”) announced today that its subsidiaries, Archrock Partners, L.P. and Archrock Partners Finance Corp. (together, the “O...
Archrock Announces Private Offering of $500 Million of Senior Notes
HOUSTON, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock”) today announced that Archrock Partners, L.P. (“Archrock Partners”), a wholly-owned subsidiary of Archrock, intends, ...
Archrock, Inc. (AROC) Q2 2024 Earnings Call Transcript
Archrock, Inc (NYSE:AROC) Q2 2024 Results Conference Call July 31, 2024 10:00 AM ET Company Participants Megan Repine - VP of IR Bradley Childers - President and CEO Douglas Aron - CFO Conference Cal...
Archrock Reports Second Quarter 2024 Results
HOUSTON, July 30, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock”) today reported results for the second quarter 2024.
Archrock Announces Quarterly Cash Dividend
HOUSTON, July 25, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock” or the “Company”) today announced that its Board of Directors has declared a quarterly dividend of $0.165 per share o...
Archrock Announces Timing for Second Quarter 2024 Results
HOUSTON, July 24, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) (“Archrock”) will host a conference call on Wednesday, July 31, 2024, to discuss its second quarter 2024 financial and operating r...
Archrock to buy natgas compression firm TOPS for $983 mln (July 22)
Energy infrastructure company Archrock said on Monday it would buy contract gas compression services provider Total Operations and Production Services (TOPS) for about $983 million in cash and stock f...
Archrock Announces Commencement of Public Offering of Common Stock
HOUSTON, July 22, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock”) announced today that it has commenced an underwritten public offering (the “offering”) of 11,000,000 shares of its c...
Archrock to Acquire Total Operations and Production Services, LLC
HOUSTON and MIDLAND, Texas, July 22, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock”) and Total Operations and Production Services, LLC (“TOPS”), a leading provider of contract gas co...
Archrock: A Solid Bet On A Growing Industry And Favorable Market Dynamics
Archrock stock has surged 175.4% since June 2019, outperforming the S&P 500. The company's revenue and profitability have grown significantly, with a focus on fleet utilization and higher horsepower u...
Archrock Will Be An Industry Leader In Natural Gas Compression
The natural gas compression industry comprises three main players. I believe Archrock is fundamentally advantaged over peers to outperform as the build-out in natural gas infrastructure continues.
Archrock, Inc. (AROC) Q1 2024 Earnings Call Transcript
Archrock, Inc. (NYSE:AROC) Q1 2024 Earnings Conference Call May 1, 2024 12:00 PM ET Company Participants Megan Repine - VP of IR Bradley Childers - President and CEO Douglas Aron - CFO Conference Cal...
Archrock Reports First Quarter 2024 Results
HOUSTON, April 30, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock”,” the “Company,” “we,” “us,” “our”) today reported results for the first quarter 2024.
Archrock Announces Quarterly Cash Dividend and Extends Share Repurchase Authorization
HOUSTON, April 26, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock” or the “Company”) today announced that its Board of Directors has declared a quarterly dividend of $0.165 per share ...
Archrock Announces Timing for First Quarter 2024 Results
HOUSTON, April 22, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) (“Archrock”) will host a conference call on Wednesday, May 1, 2024, to discuss its first quarter 2024 financial and operating res...
Archrock Announces Credit Rating Upgrade from S&P Global Ratings
HOUSTON, March 04, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) (“Archrock”) announced that S&P Global Ratings (“S&P”) has upgraded Archrock's issuer credit rating to ‘BB-' from ‘B+' with a sta...
Archrock, Inc. (AROC) Q4 2023 Earnings Call Transcript
Archrock, Inc. (AROC) Q4 2023 Earnings Call Transcript
Archrock Reports Fourth Quarter and Full Year 2023 Results and Provides 2024 Guidance
HOUSTON, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock”) today reported results for the fourth quarter and full year 2023 and provided 2024 guidance.
Archrock Announces Timing for Fourth Quarter 2023 Results
HOUSTON, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) (“Archrock”) will host a conference call on Wednesday, February 21, 2024, to discuss its fourth quarter and full-year 2023 financi...
Archrock Is Set To Ride A Strong Compression Market
Archrock is benefiting from strong compression market trends. Archrock has seen increases in monthly revenue per horsepower and will add new units in 2024. The stock is cheaper than rival USAC and has...