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Archrock, Inc. (AROC)
NYSE:AROC
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.31Last Year’s EPS
$0.21Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 11, 2024
|% Change Since: 3.98%
|Next Earnings Date:Feb 25, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a robust performance by Archrock with significant growth in net income and EBITDA, successful acquisition integration, and a positive market outlook. However, challenges such as a slight increase in leverage ratio and inflationary pressures on maintenance CapEx were noted. Overall, the sentiment is positive with a strong emphasis on future growth and operational efficiency.Company Guidance
During Archrock's Q3 2024 earnings call, the company significantly raised its full-year guidance, reflecting strong operational performance and the acquisition of TOPS. The guidance for adjusted EBITDA was increased to a range of $575 million to $585 million, while contract operations revenue is expected to be between $970 million and $980 million with an adjusted gross margin percentage of 66-67%. The aftermarket services segment also performed well, with a record third-quarter adjusted gross margin percentage of 26%. Archrock's leverage ratio at the end of the quarter was 3.57x, and it anticipates returning to its target range of 3-3.5x by year-end. The company acknowledged the strong market and customer demand, with a growing electric motor drive fleet, and plans to invest approximately $260 million in growth capital expenditures for 2024, reflecting the addition of the TOPS backlog.Significant Increase in Adjusted Net Income
Adjusted net income reached $47 million, marking a 53% increase compared to the previous year.
Record-Setting Adjusted EBITDA
Adjusted EBITDA was $151 million, up over 25% from the prior year period.
TOPS Acquisition Success
Successful integration of TOPS, which is net income and cash flow accretive, expanding the business with blue-chip customers in the Permian and enhancing electric motor drive compression leadership.
Dividend Increase
Quarterly dividend per share was raised by 13% compared to a year ago, maintaining a robust dividend coverage of 3x.
Strong Market Position and Outlook
High levels of new bookings and forecasted increases in natural gas and oil production support a positive outlook for 2025 and beyond.
Record Adjusted Gross Margins
Achieved record-setting adjusted gross margins in contract compression operations and aftermarket services segments due to pricing improvement and enhanced efficiency.
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AROC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AROC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $23.61 | $24.22 | +2.58% |
| Jul 30, 2024 | $21.13 | $20.36 | -3.64% |
| Apr 30, 2024 | $18.70 | $19.00 | +1.60% |
| Feb 20, 2024 | $17.19 | $18.00 | +4.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Archrock, Inc. (AROC) report earnings?
Archrock, Inc. (AROC) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Archrock, Inc. (AROC) earnings time?
Archrock, Inc. (AROC) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AROC EPS forecast?
AROC EPS forecast for the fiscal quarter 2024 (Q4) is $0.31.
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