Archrock Q3: revenue $213.7M, net income $15.4M, record utilization 89%, raises FY22 EBITDA guidance

Archrock, Inc.

2022-Q3 EPS reported $0.21 revenue$626,697,000

Revenue $213.7M vs $195.2M YoY; net income $15.4M vs $9.3M YoY.
Adjusted EBITDA $91.9M vs $92.4M YoY; expects to exceed prior FY22 EBITDA guidance.
Record period-end utilization 89% vs 82% YoY; increased to 90% at end of October.
Quarterly dividend $0.145/share declared, payable Nov 15; coverage ratio 1.8x.
Closed sale of 124,000 non-strategic horsepower; cumulative proceeds ~$250M since end 2019.

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. reported financial results for third quarter of 2022.

Period: third quarter of 2022
Result: reported results

Exact text from the filing

On November 2, 2022, Archrock, Inc. issued a press release announcing its results for the quarter ended September 30, 2022.

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Archrock, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-22-016115

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