Archrock Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw strong profitability, high utilization, and robust free cash flow, with a major long-term contract signed and a fifth dividend increase in two years. Full-year guidance was tightened due to cost pressures, but long-term growth and capital returns remain on track.
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Strong Q1 2026 results featured 12% adjusted EBITDA growth, high fleet utilization, and robust shareholder returns. Guidance for the year was reaffirmed amid record U.S. gas production and tight supply chains, with continued disciplined capital allocation and a positive long-term outlook.
Fiscal Year 2025
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2025 saw record earnings growth, high fleet utilization, and robust shareholder returns, with adjusted EBITDA up 51% and leverage down to 2.7x. 2026 guidance calls for continued strong performance, disciplined capital allocation, and high contracted backlog, supported by durable natural gas demand.
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Q3 2025 saw strong financial and operational results, with adjusted EPS up 50% and adjusted EBITDA up 46% year-over-year. High utilization, robust margins, and increased shareholder returns were supported by strong natural gas demand and disciplined capital allocation.
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Record Q2 2025 results with adjusted EPS up 70% and Adjusted EBITDA up 60% year-over-year. Raised 2025 guidance, increased dividend and buybacks, and maintained high fleet utilization amid strong natural gas demand and robust order book for 2026.
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Record Q1 2025 results included over 60% growth in adjusted EPS and 50% in adjusted EBITDA year-over-year, with fleet utilization at 96%. Raised 2025 EBITDA guidance, closed the NGCS acquisition, and increased shareholder returns through higher dividends and buybacks.
Fiscal Year 2024
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Record 2024 results included 69% Adjusted EPS growth and 30% Adjusted EBITDA growth, driven by high utilization, the TOPS acquisition, and robust market demand. 2025 guidance projects nearly 30% EBITDA growth, strong capital investment, and continued focus on operational excellence.
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Third quarter results showed strong growth in adjusted net income, EBITDA, and margins, driven by robust market demand, operational efficiency, and the accretive TOPS acquisition. Raised 2024 guidance and increased shareholder returns, with continued focus on electrification and disciplined capital allocation.
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Q2 2024 saw net income rise to $34M and adjusted EBITDA up 15% year-over-year, with strong fleet utilization and pricing. The pending $983M TOPS acquisition is expected to be accretive to EPS and dividends in 2025, while guidance for 2024 remains robust.
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The acquisition of TOPS for $983 million adds 580,000 horsepower of electric compression assets, expanding operations in the Permian Basin and accelerating growth in lower-carbon solutions. The deal is expected to be highly accretive, enhance financial flexibility, and strengthen customer relationships.