Archrock completes $357M NGCS acquisition; issues 2.251M shares, $299M cash

Archrock, Inc.

Total consideration ~$357M: $266.7M cash for NGCSI and $90.4M cash/stock for NGCSE.
Issued approx 2.251M Archrock shares to NGCSE; funded $299M cash portion via ABL facility.
Acquisition expected to be immediately accretive to 2025 EPS and cash available for dividend per share.
Company reaffirms target leverage ratio of 3.0x-3.5x after funding with ABL.
NGCSE Holdings receives registration rights and agrees to 180-day lock-up on shares received.

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