Archrock Posts Its First Positive Income Result in Years: Time to Buy? [The Motley Fool]
Archrock, Inc. (AROC)
Last archrock, inc. earnings: 2/19 07:16 pm
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archrock.com/aroc
Company Research
Source: The Motley Fool
Steadily increasing demand for compression services led to a modest profit for the oil and gas infrastructure specialist. After losses for three straight years, we'll take modest. Oil and gas infrastructure specialist Archrock ( NYSE:AROC ) and its former subsidiary Archrock Partners were once a textbook case of an overaggressive business that got rocked by crashing oil and gas prices. The company bet heavily on the need for compression horsepower to force oil and gas from wells to pipelines, and took on considerable leverage to do so. When demand dried up from lower production volumes, Archrock was stuck with a fleet of inactive compression equipment and a massive debt load. Thanks to a rebound in commodity prices and a restructuring to get rid of the parent/public subsidiary corporate structure , the company is starting to show signs of life. So let's look at the company's most recent earnings report and see whether Archrock has made enough progress to be considere
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AROC
News
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AROC
Earnings
- 2/20/24 - In-Line
AROC
Sec Filings
- 3/12/24 - Form ARS
- 3/12/24 - Form DEFA14A
- 3/12/24 - Form DEF
- AROC's page on the SEC website