secwatch.observer — SEC 8-K summary
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Issuer:     Archrock, Inc. (AROC)
CIK:        0001389050
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001389050-24-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1389050/000138905024000003/0001389050-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1389050/000138905024000003/aroc-20240220x8k.htm
  HTML page:      https://secwatch.observer/filing/0001389050-24-000003

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