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Archrock Beats on Q2 Earnings & Revenues, Raises '25 View
ZACKSยท 2025-08-06 13:35
Core Insights - Archrock Inc. (AROC) reported second-quarter 2025 earnings per share of 39 cents, exceeding the Zacks Consensus Estimate of 37 cents, and improved from 25 cents in the same quarter last year [1] - Total quarterly revenues reached $383 million, up from $271 million year-over-year, and also surpassed the Zacks Consensus Estimate of $360 million [1] Operational Performance - The company operates through two segments: Contract Operations and Aftermarket Services - Contract Operations segment revenues were $318.3 million, compared to $225.4 million in the prior year, with total operating horsepower increasing to 4.65 million from 3.6 million, achieving a record utilization level of 96% [3][4] - Aftermarket Services segment revenues totaled $64.8 million, up from $45.1 million in the second quarter of 2024 [4] Costs & Expenses - Total cost of sales for the quarter was $146 million, an increase from $114.4 million in the previous year [5] - Depreciation and amortization expenses were reported at $63 million for the quarter [5] Liquidity Position & Capital Expenditure - As of June 30, 2025, Archrock had long-term debt of $2.6 billion and total available liquidity of $675 million [6] - Net capital expenditures for the second quarter amounted to $82.9 million [6] Dividend Payment - Archrock declared a quarterly dividend of 21 cents per share, equating to an annualized rate of $0.84, with a dividend coverage ratio of 3.4x [7] Guidance - The company expects net income for 2025 to be in the range of $249.6 million to $289.6 million, with growth capital expenditures projected between $340 million and $360 million [8]