secwatch.observer — SEC 8-K summary
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Issuer:     Archrock, Inc. (AROC)
CIK:        0001389050
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001389050-23-000047
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1389050/000138905023000047/0001389050-23-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1389050/000138905023000047/aroc-20231101x8k.htm
  HTML page:      https://secwatch.observer/filing/0001389050-23-000047

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