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Archrock Inc (AROC.N)

AROC.N on New York Stock Exchange

10.47USD
22 Jul 2019
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$0.22 (+2.15%)
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Latest Key Developments (Source: Significant Developments)

Archrock Announces Agreement To Acquire Elite Compression
Monday, 24 Jun 2019 

June 24 (Reuters) - Archrock Inc ::ARCHROCK ANNOUNCES AGREEMENT TO ACQUIRE ELITE COMPRESSION.ARCHROCK INC - DEAL FOR APPROXIMATELY $410 MILLION IN CASH AND ARCHROCK COMMON STOCK.ARCHROCK INC - ACQUIRING APPROXIMATELY 430,000 OF COMPRESSION HORSEPOWER FROM ELITE COMPRESSION SERVICES.ARCHROCK INC - DEAL ACCRETIVE TO EARNINGS AND FREE CASH FLOW PER SHARE.ARCHROCK INC - DEAL WILL BE FUNDED WITH APPROXIMATELY $205 MILLION OF CASH AND APPROXIMATELY 21.7 MILLION NEWLY ISSUED ARCHROCK COMMON SHARES TO SELLER.ARCHROCK INC - HARVEST MIDSTREAM COMPANY WILL ACQUIRE APPROXIMATELY 80,000 ACTIVE AND IDLE COMPRESSION HORSEPOWER FROM ARCHROCK FOR $30 MILLION IN CASH.ARCHROCK INC - BOARD APPOINTED JEFFERY D. HILDEBRAND, EXECUTIVE CHAIRMAN AND FOUNDER, OF HILCORP ENERGY COMPANY TO BOARD.  Full Article

Archrock Reports Net Income For Q4 Of 2018 $13.0 Million
Wednesday, 20 Feb 2019 

Feb 19 (Reuters) - Archrock Inc ::ARCHROCK REPORTS FOURTH QUARTER AND FULL YEAR 2018 RESULTS AND PROVIDES 2019 GUIDANCE.NET INCOME FOR Q4 OF 2018 WAS $13.0 MILLION COMPARED TO NET INCOME OF $49.1 MILLION IN Q4 OF 2017.QTRLY TOTAL REVENUE $233.2 MILLION VERSUS $208.9 MILLION.TOTAL OPERATING HORSEPOWER INCREASED BY 65,000 FOR THE FOURTH QUARTER OF 2018, UP 9% AS COMPARED TO 2017 EXIT OPERATING HORSEPOWER.: SEES 2019 NET INCOME IN THE RANGE OF $73,000 TO $103,000.: SEES 2019 ADJUSTED EBITDA IN THE RANGE OF $370,000 TO $400,000.ARCHROCK SAYS U.S. NATURAL GAS PRODUCTION IS EXPECTED TO CONTINUE TO GROW IN 2019 & BEYOND, DRIVEN BY STRONG SECULAR MARKET DEMAND IN U.S. & GLOBALLY.  Full Article

Archrock Qtrly Earnings Per Share $0.08
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Archrock Inc ::ARCHROCK REPORTS THIRD QUARTER 2018 RESULTS.Q3 REVENUE $232.4 MILLION VERSUS $197.9 MILLION.QTRLY EARNINGS PER SHARE $0.08.  Full Article

Gravity Oilfield Services Appoints Rob Rice As CEO, President
Friday, 21 Sep 2018 

Sept 21 (Reuters) - Archrock Inc ::GRAVITY OILFIELD SERVICES APPOINTS INDUSTRY VETERAN ROB RICE AS CEO AND PRESIDENT.GRAVITY OILFIELD SERVICES - RICE MOST RECENTLY, SERVED AS CHIEF OPERATING OFFICER AND SENIOR VICE PRESIDENT OF ARCHROCK.GRAVITY OILFIELD SERVICES - CO-CEO TROY BOTTS WILL CONTINUE IN A SENIOR LEADERSHIP ROLE WITH GRAVITY REPORTING TO RICE.  Full Article

Archrock Reports Fourth Quarter EPS of $0.67
Thursday, 22 Feb 2018 

Feb 22 (Reuters) - Archrock Inc ::ARCHROCK, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 EARNINGS PER SHARE $0.00 FROM CONTINUING OPERATIONS EXCLUDING ITEMS.Q4 EARNINGS PER SHARE $0.67.QTRLY TOTAL REVENUE $208.9 MILLION VERSUS $193.8 MILLION.Q4 AND FY 2017 RESULTS INCLUDE AN INCOME TAX BENEFIT OF $53.4 MILLION FROM TAX CUTS AND JOBS ACT.  Full Article

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