Archrock Inc. (AROC) came out with quarterly earnings of $0.28 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.20 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this natural gas compression services business would post earnings of $0.24 per share when it actually produced earnings of $0.25, delivering a surprise of 4.17%.Over the last four quarters, the company has surpassed consensus EPS estimates two times. ...

HOUSTON, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock”) today reported results for the third quarter 2024. Third Quarter 2024 Highlights Revenue for the third quarter of 2024 was $292.2 million compared to $253.4 million in the third quarter of 2023.Net income for the third quarter of 2024 was $37.5 million and earnings per share (“EPS”) was $0.22, compared to $30.9 million and $0.20, respectively, in the third quarter of 2023.Adjusted net income (a non-GAAP measure defined below ...

HOUSTON, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) (“Archrock” or the “Company”) today announced the publication of its 2023 Sustainability Report, providing an update on the Company’s sustainability initiatives and performance. The report is based on 2023 data and also includes certain achievements made year-to-date in 2024, underscoring the Company’s culture of continuous improvement. 2023 Sustainability Report Highlights Exceeded safety targets for Total Recordable Incident Rate and P ...

Archrock Inc. (AROC) shares ended the last trading session 11.2% higher at $22.84. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 3.1% loss over the past four weeks.The surge can be attributed to the increased demand for Archrock’s natural gas compression services, which play an essential role in natural gas transportation. Natural gas prices have recently rebounded after hitting multi-year lows at the start of 20 ...

HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") will host a conference call on Tuesday, November 12, 2024, to discuss its third quarter 2024 financial and operating results. The call will begin at 9:00 a.m. Eastern Time. Archrock will release its third quarter 2024 earnings report prior to the conference call. To listen to the call via a live webcast, please visit Archrock's website at www.archrock.com. The call will also be available by dialing 1 (800) 715-9871 in the Uni ...

Archrock Inc. (AROC) ended the recent trading session at $20.48, demonstrating a +0.54% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.27%. Elsewhere, the Dow gained 0.65%, while the tech-heavy Nasdaq added 0.26%.Shares of the natural gas compression services business have depreciated by 0.1% over the course of the past month, outperforming the Oils-Energy sector's loss of 9.27% and lagging the S&P 500's gain of 2%.The investment community will be paying close ...

Strict capital discipline among upstream energy companies is reducing demand for oilfield services, casting a bleak outlook for the Zacks Oil and Gas- Field Services industry. The success of companies in this space hinges on their ability to adeptly manage the shifting energy transition landscape. As a result, failing to achieve energy transition goals could have a detrimental effect on cash flow.Among the companies in the industry that are likely to survive the business challenges are Baker Hughes Company ...

The latest trading session saw Archrock Inc. (AROC) ending at $20.41, denoting a -1.26% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 0.18%. Meanwhile, the Dow lost 0.8%, and the Nasdaq, a tech-heavy index, added 0.27%.The natural gas compression services business's stock has dropped by 1.1% in the past month, exceeding the Oils-Energy sector's loss of 8.08% and lagging the S&P 500's gain of 4.46%.The investment community will be paying close attention ...

Investors might want to bet on Archrock Inc. (AROC) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.The upward trend in estimate revisions for this natural gas compression services business reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a s ...

The broader U.S. equity markets witnessed a roller-coaster ride over the past few trading days hitting record highs on strong quarterly performance from hitherto reported companies before falling the next day only to rise again to a new record-high tally. This uptrend was fueled by cooling inflation and solid economic metrics that calmed investor nerves that the Federal Reserve was cutting rates aggressively because of a potential slowdown.With solid labor market conditions, the economy appears to be back o ...