Archrock reports record Q4 2023; Adj EBITDA $120.3M, up 35% YoY; guides 2024 Adj EBITDA $500-530M

Archrock, Inc.

2023-FY EPS reported $0.67 revenue$990,337,000

Q4 2023 revenue $259.6M, net income $33.0M vs $10.5M YoY; Adj EBITDA $120.3M vs $89.0M (+35%).
Full year 2023 revenue $990.3M, net income $105.0M, Adj EBITDA $450.4M (+24% YoY).
Contract ops gross margin 64% vs 58% YoY; utilization 96% vs 93%; aftermarket services margin 22% vs 17%.
Quarterly dividend $0.165/share (10% YoY increase); dividend coverage 2.8x; share repurchases $2.4M in Q4.
2024 guidance: Adj EBITDA $500-530M (midpoint +14% YoY); capex $275-290M; net income $134-164M.

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 0.9

Archrock, Inc. updated its the quarter and year ended December 31, 2023 guidance (initiated).

Period: the quarter and year ended December 31, 2023
Guidance: initiated
Result: reported results

Exact text from the filing

On February 20, 2024, Archrock, Inc. issued a press release announcing its results for the quarter and year ended December 31, 2023.

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Archrock, Inc. filing history →

Source: SEC EDGAR

accession 0001389050-24-000003

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