secwatch.observer — SEC 8-K summary
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Issuer:     Archrock, Inc. (AROC)
CIK:        0001389050
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001104659-23-054639
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Archrock authorizes $50M share repurchase program; declares $0.15 quarterly dividend
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- $50M share repurchase authorization effective April 27, 2023, through April 27, 2024.
- Quarterly dividend of $0.15 per share payable May 16, 2023 to holders of record May 9, 2023.
- CEO cites rapid tightening in compression market fundamentals and path to leverage below 4.0x.
- Buyback provides flexibility to act on broader market dislocation, complementing dividend.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1389050/000110465923054639/0001104659-23-054639-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1389050/000110465923054639/tm2314324d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-054639

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer