Core Insights - Archrock, Inc. (AROC) reported third-quarter 2025 earnings per share of 42 cents, exceeding the Zacks Consensus Estimate of 41 cents, and improved from 28 cents in the same quarter last year [1][10] - Total quarterly revenues reached $382 million, up from $292 million year-over-year, and also surpassed the Zacks Consensus Estimate of $377 million [1][10] Operational Performance - The strong quarterly performance was driven by solid contributions from both operating segments, with record-high utilization and rising demand for the company's equipment and services [2] - Contract Operations segment revenues were $326.3 million, compared to $245.4 million in the year-ago quarter [5] - Aftermarket Services segment revenues totaled $56.2 million, up from $46.7 million in the third quarter of 2024 [6] - Total operating horsepower remained at 4.7 million, with a utilization rate of 96%, up from 95% in the prior-year quarter [6] Costs and Expenses - Total cost of sales for the quarter was $129.8 million, an increase from $114.2 million in the year-ago period [7] - Depreciation and amortization expenses were $67.1 million for the quarter [7] Liquidity Position & Capital Expenditure - As of September 30, 2025, the company had long-term debt of $2.6 billion and total available liquidity of $728 million [8] - Net capital expenditures for the third quarter amounted to $124 million [8] Share Repurchase and Dividend - The company repurchased 1,094,516 shares at an average price of $23.18 per share, totaling approximately $25.4 million during the third quarter [3] - The board approved a $100 million increase to the share repurchase program, extending it through December 31, 2026, bringing the total repurchase capacity to $130.4 million [4] - A quarterly dividend of 21 cents per share was declared, approximately 20% higher than the third quarter of 2024, with a dividend coverage of 3.7x [9] Guidance - The company projects net income between $265.2 million and $280.2 million for 2025, with adjusted EBITDA expected in the range of $835 million to $850 million [11] - Anticipated revenues for Contract Operations are projected between $1.27 billion and $1.28 billion, with an adjusted gross margin of 71-71.5% [12] - Aftermarket Services revenues are expected to range from $210 million to $220 million, with an adjusted gross margin of 23-24% [12] - Growth capital expenditures are expected between $345 million and $355 million, while maintenance capital spending is set at $110-$115 million [13]

Core Insights - TechnipFMC plc reported first-quarter 2025 adjusted earnings of 33 cents per share, missing the Zacks Consensus Estimate of 36 cents, primarily due to a 4.8% year-over-year increase in costs and expenses, although the earnings improved from 22 cents in the same quarter last year driven by better performance in the Subsea segment [1] - The company's revenues of $2.2 billion also missed the Zacks Consensus Estimate by 1.1%, but increased from $2 billion in the year-ago quarter [1] Financial Performance - Adjusted EBITDA for the Subsea unit was $334.9 million, exceeding the Zacks Consensus Estimate of $331 million, while the Surface Technologies unit's adjusted EBITDA was $46.6 million, beating the consensus mark of $41.94 million [2] - First-quarter inbound orders increased by 11.3% year-over-year to $3.1 billion, with the order backlog totaling $15.8 billion as of March-end, up 17.2% from the previous year [2] Segment Analysis - Subsea segment revenues totaled $1.9 billion, up 11.6% from $1.7 billion in the year-ago quarter, driven by higher project activity in Asia Pacific and Brazil, although it missed projections by 5.3% [4] - Surface Technologies segment recorded revenues of $297.4 million, down 3.2% year-over-year, but beat projections of $288.4 million; adjusted EBITDA increased by 12.6% due to higher project activity in North America, despite an 18.1% drop in inbound orders [5] Shareholder Returns - The board declared a quarterly cash dividend of 5 cents per share, unchanged from the previous quarter, to be paid on June 4, 2025 [3] - The company repurchased 8.9 million common shares for a total of $250.1 million, with total shareholder returns for the quarter amounting to $271.1 million, including a dividend payment of $21 million [3] Financial Position - TechnipFMC reported costs and expenses of $2 billion, up 4.8% from $1.9 billion in the year-ago quarter; the company generated $441.7 million in cash flow from operations, with free cash flow increasing to $379.9 million [6] - As of March 31, the company had cash and cash equivalents of $1.2 billion and long-term debt of $410.8 million, resulting in a debt-to-capitalization ratio of 11.8% [6] 2025 Outlook - The company expects Subsea unit revenues in the range of $8.4 billion to $8.8 billion and Surface Technologies unit revenues between $1.2 billion and $1.35 billion for 2025 [8] - Anticipated adjusted EBITDA margins are 19-20% for the Subsea segment and 15-16% for the Surface Technologies segment [8] - Free cash flow is expected to be between $1 billion and $1.15 billion, an increase from the prior guidance of $850 million to $1 billion [9]