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Archrock Inc (AROC.N)

AROC.N on New York Stock Exchange

10.35USD
23 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Archrock Partners -On Termination Of Deal With Archrock Under Certain Circumstances, Archrock To Pay Co Fee Of $10 Mln
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - Archrock Partners Lp ::ARCHROCK PARTNERS -ON TERMINATION OF DEAL WITH ARCHROCK UNDER CERTAIN CIRCUMSTANCES, ARCHROCK TO PAY CO A FEE OF $10 MILLION-SEC FILING.  Full Article

Archrock To Acquire Remaining Public Stake In Archrock Partners
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - Archrock Inc ::ARCHROCK, INC. ANNOUNCES AGREEMENT TO ACQUIRE REMAINING PUBLIC STAKE IN ARCHROCK PARTNERS, L.P..ARCHROCK INC - DEAL FOR APPROXIMATELY $607 MILLION.ARCHROCK INC - ‍EXPECTED TO BE IMMEDIATELY ACCRETIVE TO ARCHROCK SHAREHOLDERS​.ARCHROCK INC - ‍FOLLOWING COMPLETION OF TRANSACTION, ARCHROCK IS EXPECTED TO HAVE AN APPROXIMATE $2.8 BILLION ENTERPRISE VALUE​.ARCHROCK INC - ‍DOES NOT EXPECT TO PAY CASH FEDERAL INCOME TAXES THROUGH AT LEAST 2023​.ARCHROCK INC - ‍MANAGEMENT INTENDS TO RECOMMEND TO CO'S BOARD OF DIRECTORS A 10 PERCENT INCREASE IN FIRST FULL QUARTERLY DIVIDEND FOLLOWING COMPLETION OF DEAL.ARCHROCK INC - ‍ MANAGEMENT EXPECTS A 10 TO 15 PERCENT ANNUAL DIVIDEND GROWTH RATE THROUGH 2020​.ARCHROCK INC - ‍BOARD OF DIRECTORS OF ARCHROCK APPROVED MERGER AGREEMENT​.ARCHROCK - CO TO BUY ABOUT 41.3 MILLION UNITS OF ARCHROCK PARTNERS IT DOES NOT OWN AT RATIO OF 1.400 ARCHROCK SHARES FOR EACH UNIT OF ARCHROCK PARTNERS​.  Full Article

Archrock declares dividend and provides operational update for Q3
Tuesday, 1 Nov 2016 

Archrock Inc : Archrock - Declared dividend of $0.12 per share of common stock. Dividend to be paid in November 2016 is about 25% higher than second-quarter 2016 . Archrock - For Q3 of 2016 net loss from continuing operations was $10.0 million compared to $2.4 million in Q2 of 2016 and $17.9 million in Q3 of 2015 . Net loss was $10.0 million in Q3 of 2016 as compared to a net loss of $2.4 million in Q2 of 2016. . Archrock declares dividend and provides operational update for third-quarter 2016 . Q3 revenue $156.6 million versus $191.7 million .Q3 revenue view $195.8 million -- Thomson Reuters I/B/E/S.  Full Article

Archrock Q2 revenue $163 mln
Thursday, 4 Aug 2016 

Archrock : Q2 revenue $163 million versus $198.3 million . Provides operational update for second quarter 2016 .Net loss from continuing operations of $2.4 million in Q2 of 2016 compared to $6.7 million in Q1 of 2016.  Full Article

Archrock enters into second amendment to credit agreement
Wednesday, 11 May 2016 

Archrock Inc : On may 10, 2016, co entered into certain second amendment, consent, waiver to credit agreement by and among Archrock Services L.P . Says archrock’s audit committee has not yet come to a conclusion with respect to archrock’s prior period financial information . Second amendment extends to july 31, 2016 deadline by which co is required to deliver its quarterly report on form 10-q . Under second amendment, lenders waive, among other things, any potential event of default arising under credit agreement .2Nd amendment amends agreement to add condition precedent to borrowing of loans that co's consolidated cash balance will not exceed $35 million.  Full Article

Archrock (previously Exterran Holdings Inc) declares dividend
Tuesday, 3 May 2016 

Archrock Inc (previously Exterran Holdings Inc):Declared a dividend of $0.095 per share of common stock.Dividend will be paid on May 18, to stockholders of record at the close of business on May 12.  Full Article

BRIEF-Archrock Partners -On Termination Of Deal With Archrock Under Certain Circumstances, Archrock To Pay Co Fee Of $10 Mln

* ARCHROCK PARTNERS -ON TERMINATION OF DEAL WITH ARCHROCK UNDER CERTAIN CIRCUMSTANCES, ARCHROCK TO PAY CO A FEE OF $10 MILLION-SEC FILING Source text (http://bit.ly/2CDMCup) Further company coverage: