secwatch.observer — SEC 8-K summary
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Issuer:     Archrock, Inc. (AROC)
CIK:        0001389050
Form:       8-K
Filed at:   2024-07-22T23:59:59+00:00
Accession:  0001104659-24-081572
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.02, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Archrock to acquire TOPS for $983M cash-and-stock; Q2 prelim rev $265-275M
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- Acquire TOPS for $983M (approx $826M cash + 6.87M shares); expected close by end 2024.
- TOPS adds ~580,000 HP electric compression, primarily Permian; pro forma operating HP ~4.1M.
- Transaction expected to be >10% accretive to EPS and >20% accretive to cash available for dividend per share in 2025.
- Preliminary Q2 2024: revenue $265-275M, net income $33-35M, adjusted EBITDA $128-132M.
- Archrock also announced a public offering of common stock to fund part of the cash consideration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1389050/000110465924081572/0001104659-24-081572-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1389050/000110465924081572/tm2419927d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-081572

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