secwatch.observer — SEC 8-K summary
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Issuer:     Archrock, Inc. (AROC)
CIK:        0001389050
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001558370-22-016115
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1389050/000155837022016115/0001558370-22-016115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1389050/000155837022016115/aroc-20221102x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-016115

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