secwatch.observer — SEC 8-K summary
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Issuer:     Archrock, Inc. (AROC)
CIK:        0001389050
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001389050-24-000032
Event type: earnings
Sentiment:  positive
Materiality: 0.82
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Archrock Q2 net income $34.4M, revenue $270.5M; reaffirms FY EBITDA guidance $510-540M
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- Q2 revenue $270.5M (+9% YoY), net income $34.4M (up from $24.7M), Adjusted EBITDA $129.7M.
- Contract ops revenue $225.5M (+12% YoY), margin 65% vs 62%. Aftermarket ops revenue $45.1M, margin 22% vs 24%.
- Quarterly dividend raised 6% to $0.165/share; coverage 2.6x. Share repurchase extended, $50M authorized.
- Announced acquisition of TOPS (highly utilized, accretive, expected H2 2024 close). No deal value disclosed.
- Reaffirmed 2024 Adj. EBITDA guidance $510-540M, capex $290-300M (excl TOPS). Updated net income guidance $139-167M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1389050/000138905024000032/0001389050-24-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1389050/000138905024000032/aroc-20240730x8k.htm
  HTML page:      https://secwatch.observer/filing/0001389050-24-000032

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