earnings
confidence high
sentiment positive
materiality 0.75
Archrock Q3 adjusted EPS $0.28, raises FY 2024 adjusted EBITDA guidance to $575-585M
Archrock, Inc.
2024-Q3 EPS reported
$0.70
revenue$831,175,000
- Revenue $292.2M (up 15% YoY); net income $37.5M ($0.22 EPS) vs $30.9M ($0.20) YoY.
- Adj. EBITDA $150.9M vs $120.2M YoY; FY 2024 guidance raised to $575-585M.
- Closed TOPS acquisition; quarterly dividend raised 13% YoY to $0.175; repurchased $12.1M shares.
- Contract ops revenue $245.4M (+18% YoY), adj. gross margin 67%; aftermarket services adj. gross margin 26%.
- Leverage 3.57x; long-term debt $2.2B; liquidity $650M; horsepower utilization 95%.