Archrock Q3 net income $30.9M, record Adj. EBITDA $120.2M; FY guide near high-end

Archrock, Inc.

2023-Q3 EPS reported $0.46 revenue$730,744,000

Revenue $253.4M; net income $30.9M (vs $15.4M Q3 2022); record Adjusted EBITDA $120.2M.
Contract ops revenue $207.6M (+22% YoY); gross margin 64% (up 150bps QoQ); utilization 96% (record).
Aftermarket services revenue $45.8M; gross margin $9.1M (+25% YoY); gross margin % 20% (vs 17%).
Quarterly dividend $0.155/share ($0.62 annualized); coverage 2.6x; bought back $4.4M shares.
FY 2023 Adj. EBITDA expected near high-end of $430-450M guidance; leverage ratio 3.8x.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Archrock, Inc. reported financial results for the third quarter of 2023.

Period: the third quarter of 2023
Result: reported results

Exact text from the filing

On November 1, 2023, Archrock, Inc. issued a press release announcing its results for the quarter ended September 30, 2023. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

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Archrock, Inc. filing history →

Source: SEC EDGAR

accession 0001389050-23-000047

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