Venture Global Reaches FID and Secures $8.6B for CP2 LNG Phase 2 [Yahoo! Finance]
Archrock, Inc. (AROC)
Last archrock, inc. earnings: 2/19 07:16 pm
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Source: Yahoo! Finance
VG, a U.S.-based liquefied natural gas (LNG) exporter, announced that it has reached a final investment decision (FID) for the second phase of its third LNG project, CP2 LNG, in Louisiana. The company mentioned that it has successfully secured $8.6 billion in project financing for the same. The project received huge interest from many of the world's leading banks and secured more than $19 billion in commitments for Phase 2 of CP2 LNG. Phase 1 of the project had secured $34 billion in commitments and cumulatively represented the largest single project financing deal in the U.S. bank market. The project did not require any external equity investment. The CP2 project is VG's third greenfield project and, upon becoming operational, is expected to position the company as the largest U.S.-based exporter of LNG. The company stated that, since it has concluded the project financing for Phase 2, it will continue to advance construction progress, develop the project on schedule and provide
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News
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- Archrock (AROC) had its price target raised by Royal Bank Of Canada from $32.00 to $40.00. They now have an "outperform" rating on the stock.MarketBeat
- Rising LNG Exports & AI-Driven Power Demand Drive Growth for Archrock [Yahoo! Finance]Yahoo! Finance
- Archrock (AROC) had its price target raised by Wells Fargo & Company from $39.00 to $40.00. They now have an "overweight" rating on the stock.MarketBeat
AROC
Earnings
- 2/24/26 - Beat
AROC
Sec Filings
- 3/17/26 - Form DEFA14A
- 3/17/26 - Form DEF
- 3/5/26 - Form 4
- AROC's page on the SEC website