Atlas (AESI) to Buy Proppant Production Assets in a $450M Deal [Yahoo! Finance]
Archrock, Inc. (AROC)
Last archrock, inc. earnings: 2/19 07:16 pm
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Source: Yahoo! Finance
proppant production assets and North American logistics operations in a deal worth $450 million. By combining Atlas' Dune Express logistics with Hi-Crush's Oncore + Pronghorn logistics, the acquisition will help expand the former's logistic capabilities. The companies stated that the buyout will combine two of the largest holders of premium giant open dune sand reserves and resources in the Permian Basin, which is located in the Southwestern United States and is an area of strategic importance to oil producers in the country. The deal is set to be financed in upfront cash and Atlas common stock worth $150 million and $175 million, respectively. The company will also pay $125 million in deferred cash payments via a seller's note. On a pro-forma basis, the production capacity of the combined company is expected to reach 28 million tons, of which 80% is already under contract for 2024. The acquired assets are also anticipated to contribute between $110 million to $125 million in
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AROC
News
- Archrock, Inc. (NYSE: AROC) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Archrock Will Be An Industry Leader In Natural Gas Compression [Seeking Alpha]Seeking Alpha
- Is It Worth Investing in Archrock Inc. (AROC) Based on Wall Street's Bullish Views? [Yahoo! Finance]Yahoo! Finance
- Archrock, Inc. Just Recorded A 16% EPS Beat: Here's What Analysts Are Forecasting Next [Yahoo! Finance]Yahoo! Finance
- Archrock, Inc. (NYSE: AROC) had its price target raised by analysts at Stifel Nicolaus from $20.00 to $23.00. They now have a "buy" rating on the stock.MarketBeat
AROC
Earnings
- 4/30/24 - Beat
AROC
Sec Filings
- 5/1/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/29/24 - Form 8-K
- AROC's page on the SEC website