Archrock Reports First Quarter 2024 Results
Archrock, Inc. (AROC)
Last archrock, inc. earnings: 2/19 07:16 pm
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US:NYSE Investor Relations:
archrock.com/aroc
Company Research
Source: GlobeNewswire
HOUSTON, April 30, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock”,” the “Company,” “we,” “us,” “our”) today reported results for the first quarter 2024. First Quarter 2024 Highlights Revenue for the first quarter of 2024 was $268.5 million compared to $229.8 million in the first quarter of 2023.Net income for the first quarter of 2024 was $40.5 million compared to $16.5 million in the first quarter of 2023.Adjusted EBITDA (a non-GAAP measure defined below) for the first quarter of 2024 was $131.0 million compared to $97.2 million in the first quarter of 2023.Leverage ratio at the end of the first quarter of 2024 was 3.2x compared to 4.1x at the end of the first quarter of 2023.Declared a quarterly dividend of $0.165 per common share for the first quarter of 2024, 10% higher compared to the first quarter of 2023, resulting in dividend coverage of 3.2x.Raised 2024 Adjusted EBITDA guidance to a range of $510 million to $540 million from $500 million to $530 million.
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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