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Archrock Announces Closing of $700 Million of Senior Notes Offering
GlobeNewswire News Room· 2024-08-26 20:15
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 Partners”), a wholly-owned subsidiary of Archrock, of $700 million aggregate principal amount of 6.625% senior notes due 2032 (the “Notes”). Archrock Partners Finance Corp. (“Finance Corp.” and, together with Archrock Partners, the “Issuers”), a wholly-owned subsidiary of Archrock Partners, is the co-issuer of the N ...
Archrock Announces Early Results and Initial Settlement Date for Tender Offer for its 6.875% Senior Notes due 2027
GlobeNewswire News Room· 2024-08-26 11:00
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 its outstanding 6.875% Senior Unsecured Notes due 2027 (the “Notes”) in its previously announced cash tender offer (the “offer”) to purchase up to $200 million aggregate principal amount (the “Tender Cap”) of the $500 million aggregate principal amount outstanding of the Notes, as of 5:00 p.m., New York City time ...
Archrock Announces Upsizing and Pricing of $700 Million of Senior Notes
GlobeNewswire News Room· 2024-08-12 20:45
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 wholly-owned subsidiary of Archrock, of $700 million aggregate principal amount of 6.625% senior notes due 2032 (the “Notes”). The Notes were priced at par. The offering is expected to close on August 26, 2024, subject to the satisfaction of customary closing conditions. Archrock Partners Finance Corp. (“Finance Cor ...
Archrock, Inc. Announces Tender Offer for Outstanding Notes
GlobeNewswire News Room· 2024-08-12 20:05
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 “Offerors”), have commenced an offer to purchase for cash up to $200,000,000 of the outstanding aggregate principal amount of the Offerors’ 6.875% Senior Unsecured Notes due 2027 (the “Notes”), upon terms and subject to the conditions set forth in the Offer to Purchase, dated August 12, 2024 (as may be amended or ...
Archrock Announces Private Offering of $500 Million of Senior Notes
GlobeNewswire News Room· 2024-08-12 12:15
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, subject to market and other conditions, to offer and sell to eligible purchasers $500 million aggregate principal amount of senior notes due 2032 (the “Notes”). Archrock Partners Finance Corp., a wholly-owned subsidiary of Archrock Partners (together with Archrock Partners, the “Issuers”), will serve as co-issu ...
Investors Heavily Search Archrock, Inc. (AROC): Here is What You Need to Know
ZACKS· 2024-08-07 14:02
Archrock Inc. (AROC) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this natural gas compression services business have returned -6% over the past month versus the Zacks S&P 500 composite's -5.9% change. The Zacks Oil and Gas - Field Services industry, to which Archrock Inc. belongs, has lost 4.5% over this period. Now the key question is: Where could the stock be hea ...
Archrock(AROC) - 2024 Q2 - Quarterly Report
2024-07-31 19:47
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-33666 Archrock, Inc. (Exact name of registrant as specified in its charter) Delaware 74-3204509 (State or other ju ...
Archrock(AROC) - 2024 Q2 - Earnings Call Transcript
2024-07-31 16:31
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 Call Participants James Rollyson - Raymond James Steve Ferazani - Sidoti Selman Akyol - Stifel Operator Good morning. Welcome to the Archrock Second Quarter 2024 Conference Call. Your host for today's call is Megan Repine, Vice President of Investor Relations at Archrock. I will now turn the call over to Ms. Rapine ...
Archrock Inc. (AROC) Beats Q2 Earnings Estimates
ZACKS· 2024-07-31 00:00
Archrock Inc. (AROC) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.17%. A quarter ago, it was expected that this natural gas compression services business would post earnings of $0.22 per share when it actually produced earnings of $0.26, delivering a surprise of 18.18%.Over the l ...
Archrock(AROC) - 2024 Q2 - Quarterly Results
2024-07-30 22:49
Archrock Reports Second Quarter 2024 Results HOUSTON, July 30, 2024 - Archrock, Inc. (NYSE: AROC) ("Archrock") today reported results for the second quarter 2024. Second Quarter 2024 and Recent Highlights | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...