Archrock’s (AROC) Compression Business Locks In Years Of Growth
Archrock (AROC) reported Q2 revenue of $371.2M, down from $383.2M YoY, but net income rose to $66.7M. A long-term contract with an 8-year base term and 2-year option was secured, locking in cash flow. Core segment revenue grew 3%, and the leverage ratio improved to 2.6x. Aftermarket sales fell, and full-year adjusted EBITDA guidance was lowered to $865M-$885M. The dividend was increased to $0.23 per share.




