Archrock Announces Quarterly Cash Dividend

Core Viewpoint - Archrock, Inc. has declared a quarterly dividend of $0.165 per share, consistent with the previous quarter and reflecting a 6% year-over-year increase [1][2] Group 1: Dividend Announcement - The second quarter 2024 dividend will be paid on August 13, 2024, to stockholders of record on August 6, 2024 [1] - The annualized dividend amount is $0.66 per share [1] Group 2: Future Growth and Acquisitions - Archrock is pursuing the acquisition of Total Operations and Production Services, expected to close by the end of 2024, which will be immediately accretive to earnings per share and cash available for dividends [2] - The acquisition is anticipated to enhance pro-forma discretionary cash flow, improving financial flexibility and the capacity to increase dividends over time [2] Group 3: Company Overview - Archrock is an energy infrastructure company focused on midstream natural gas compression, committed to safe and environmentally responsible practices [3] - The company is a leading provider of natural gas compression services in the U.S. and offers aftermarket services for compression equipment [3]