secwatch.observer — SEC 8-K summary
======================================

Issuer:     Archrock, Inc. (AROC)
CIK:        0001389050
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001389050-23-000034
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Archrock Q2 revenue $247.5M (+15% YoY); raises 2023 EBITDA guidance to $430-450M; dividend up 3.3%
--------------------------------------------------------------------------------

- Q2 revenue $247.5M (15% YoY growth), net income $24.7M (up 48% YoY), adjusted EBITDA $112.8M.
- Record fleet utilization of 95% at period end (vs 87% YoY); operating horsepower 3.6M.
- Raised 2023 adjusted EBITDA guidance to $430-450M from $400-430M; expects 2024 growth and dividend increase.
- Declared quarterly dividend of $0.155/share (up 3.3% QoQ), paid Aug 15; coverage 2.1x.
- Repurchased 222,250 shares at average $9.33 for $2.1M; $48M remaining under buyback.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1389050/000138905023000034/0001389050-23-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1389050/000138905023000034/aroc-20230731x8k.htm
  HTML page:      https://secwatch.observer/filing/0001389050-23-000034

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