Group 1: Archrock (AROC) - Archrock reported Q3 earnings of $0.28 per share, an increase from $0.20 in the prior-year quarter, with sales of $292.16 million, up 15% year over year [2] - The stock has increased over 50% year to date, trading under $25 with a forward earnings multiple of 22.1X [3] - Annual earnings are projected to grow by 59% this year and an additional 37% in FY25, reaching $1.50 per share, with total sales expected to exceed $1 billion in FY24 and FY25 [3] Group 2: Monday.com (MNDY) - Monday.com achieved Q3 EPS of $0.85, surpassing the Zacks Consensus of $0.61 by 39%, with sales of $251 million, a 32% increase from $189.19 million a year ago [5] - The company is experiencing high double-digit top line growth expectations for FY24 and FY25, contributing to increased profitability [6] - MNDY has gained over 40% in 2024 and over 150% in the last two years, with a 50% increase since its IPO in June 2021 [8]

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 September 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 oth ...

Financial Data and Key Metrics Changes - Archrock reported its financial and operating results for Q3 2024, with specific figures available on the company's website [4] - Management emphasized the use of non-GAAP financial measures, including adjusted net income and adjusted EBITDA, with reconciliations provided in their filings [5] Business Line Data and Key Metrics Changes - Specific details regarding changes in various business lines were not provided in the available content Market Data and Key Metrics Changes - Information on market data and key metrics changes was not included in the provided content Company Strategy and Development Direction and Industry Competition - The company is focused on its current beliefs and expectations, with forward-looking statements made during the call [4] - Management indicated that they believe their expectations are reasonable but cannot assure that actual results will align with these expectations [5] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the potential for actual results to differ materially from forward-looking statements due to various factors [5] Other Important Information - The call included a disclaimer regarding forward-looking statements and the use of non-GAAP financial measures [4][5] Q&A Session All Questions and Answers - No specific questions and answers from the Q&A session were provided in the available content

Core Viewpoint - Archrock, Inc. reported its financial and operating results for the third quarter of 2024, indicating ongoing performance and strategic direction in the market [4]. Group 1: Company Overview - Archrock's conference call was hosted by Megan Repine, Vice President of Investor Relations, with participation from key executives including President and CEO Brad Childers and CFO Doug Aron [3][4]. - The company emphasized the importance of forward-looking statements based on current beliefs and expectations, as well as assumptions made by the management team [4]. Group 2: Financial Performance - The financial results for Q3 2024 were released, with details available on the company's website [4]. - The discussion included references to non-GAAP financial measures such as adjusted net income, adjusted EBITDA, adjusted gross margin, and adjusted gross margin percentage, highlighting the company's financial health [5].

Archrock Reports Third Quarter 2024 Results and Raises Full Year 2024 Financial Guidance HOUSTON, November 11, 2024 - 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 ...

Core Insights - Archrock Inc. reported quarterly earnings of $0.28 per share, matching the Zacks Consensus Estimate, and showing an increase from $0.20 per share a year ago [1] - The company posted revenues of $292.16 million for the quarter ended September 2024, which was a 15.3% increase from $253.37 million year-over-year, but missed the Zacks Consensus Estimate by 0.27% [2] - Archrock's shares have increased by approximately 46.9% year-to-date, outperforming the S&P 500's gain of 25.7% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.33, with expected revenues of $322.93 million, and for the current fiscal year, the EPS estimate is $1.10 on revenues of $1.15 billion [7] - The trend of estimate revisions for Archrock Inc. is favorable, contributing to a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Oil and Gas - Field Services industry, to which Archrock belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, suggesting potential challenges ahead [8]

Core Insights - Archrock, Inc. reported strong financial performance for the third quarter of 2024, with revenue increasing to $292.2 million from $253.4 million in the same quarter of 2023, marking a year-over-year growth of 15.3% [2] - The company achieved a net income of $37.5 million, up from $30.9 million in Q3 2023, resulting in earnings per share (EPS) of $0.22 compared to $0.20 in the prior year [2][7] - Adjusted EBITDA for the quarter was $150.9 million, a significant increase from $120.2 million in Q3 2023, reflecting a robust operational performance [2][17] Financial Performance - Revenue for Q3 2024 was $292.2 million, a 15.3% increase from $253.4 million in Q3 2023 [2] - Net income rose to $37.5 million, with adjusted net income reaching $47.3 million, compared to $30.9 million in Q3 2023 [2][39] - Adjusted EBITDA increased to $150.9 million from $120.2 million year-over-year [2][40] Segment Performance - Contract operations segment revenue was $245.4 million, an 18% increase from $207.6 million in Q3 2023, with adjusted gross margin rising to $165.6 million [9] - Aftermarket services segment revenue totaled $46.7 million, slightly up from $45.8 million in the same quarter last year, with adjusted gross margin improving to $12.3 million [10] Strategic Developments - The company completed the acquisition of Total Operations and Production Services, LLC (TOPS), enhancing its operational capabilities [2][3] - Archrock raised its full-year 2024 adjusted EBITDA guidance to a range of $575 million to $585 million, reflecting confidence in continued operational strength [2][14] Shareholder Returns - A quarterly dividend of $0.175 per share was declared, representing a 6% increase from the previous quarter and a 13% increase from Q3 2023, supported by a dividend coverage ratio of 3.0x [2][12] - The company repurchased approximately $12.1 million worth of common shares during the quarter, with $37.9 million remaining available for future repurchases [13] Balance Sheet and Liquidity - Long-term debt stood at $2.2 billion as of September 30, 2024, with available liquidity totaling $650 million [11][38] - The leverage ratio improved to 3.57x from 3.84x year-over-year, indicating a stronger balance sheet [11]

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 ...