HOUSTON, July 30, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock”) today reported results for the second quarter 2024. Second Quarter 2024 and Recent Highlights Revenue for the second quarter of 2024 was $270.5 million compared to $247.5 million in the second quarter of 2023.Net income for the second quarter of 2024 was $34.4 million compared to $24.7 million in the second quarter of 2023.Adjusted EBITDA (a non-GAAP measure defined below) for the second quarter of 2024 was $129.7 million co ...

Archrock, Inc. (AROC) is set to release second-quarter 2024 results on Jul 31. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 24 cents per share on revenues of $270.6 million.Let’s delve into the factors that might have influenced the Houston, TX-based energy company’s results in the June quarter. But it’s worth taking a look at AROC’s previous-quarter performance first.Highlights of Q1 Earnings & Surprise HistoryIn the last reported quarter, the provider of natural gas-c ...

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 of common stock, or $0.66 per share on an annualized basis. The second quarter 2024 dividend will be paid on August 13, 2024 to all stockholders of record on August 6, 2024. The second quarter 2024 dividend per share amount is consistent with Archrock’s first quarter 2024 dividend and represents a year-over-year ...

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 results. The call will begin at 10:00 a.m. Eastern Time. Archrock will release its second 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 Un ...

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 common stock (the “common stock”). Archrock will grant the underwriters an option for 30 days to purchase up to an additional 1,650,000 shares of common stock from Archrock. Archrock intends to use the net proceeds from the offering to fund the cash portion of the purchase price for the previously announced acqu ...

$983 million cash and stock transaction expected to be immediately accretive to Archrock's earnings per share and cash available for dividend per shareComplements and deepens existing compression operations in the Permian Basin with addition of 580,000 horsepower of young assets, including approximately 500,000 operating horsepower and a substantial and contracted backlog of new equipmentExpands Archrock's capabilities in electric motor drive compression, in-line with emissions reduction strategyArchrock to ...

$983 million cash and stock transaction expected to be immediately accretive to Archrock’s earnings per share and cash available for dividend per shareComplements and deepens existing compression operations in the Permian Basin with addition of 580,000 horsepower of young assets, including approximately 500,000 operating horsepower and a substantial and contracted backlog of new equipmentExpands Archrock’s capabilities in electric motor drive compression, in-line with emissions reduction strategyArchrock to ...

The most recent trading session ended with Archrock Inc. (AROC) standing at $23, reflecting a +0.92% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily loss of 0.78%. On the other hand, the Dow registered a loss of 1.29%, and the technology-centric Nasdaq decreased by 0.7%.Shares of the natural gas compression services business have appreciated by 19.38% over the course of the past month, outperforming the Oils-Energy sector's loss of 7.83% and the S ...

The latest trading session saw Archrock Inc. (AROC) ending at $21.68, denoting a +0.88% adjustment from its last day's close. The stock outpaced the S&P 500's daily gain of 0.55%. Meanwhile, the Dow experienced a rise of 0.62%, and the technology-dominated Nasdaq saw an increase of 0.63%.Shares of the natural gas compression services business witnessed a gain of 14.31% over the previous month, beating the performance of the Oils-Energy sector with its loss of 11.53% and the S&P 500's gain of 4.28%.Investors ...

Archrock Inc. (AROC) closed the latest trading day at $19.62, indicating a +0.31% change from the previous session's end. The stock outpaced the S&P 500's daily gain of 0.09%. Elsewhere, the Dow lost 0.1%, while the tech-heavy Nasdaq added 0.16%.The natural gas compression services business's stock has dropped by 1.16% in the past month, falling short of the Oils-Energy sector's loss of 0.69% and the S&P 500's gain of 2.83%.Investors will be eagerly watching for the performance of Archrock Inc. in its upcom ...