Archrock, Inc.

Listed Company

AROCCIK 0001389050NYSELarge AcceleratedNatural Gas TransmissionFY ends Dec 31

Period

FY 2025

Revenue

$1.49B

Net Income

$322.29M

Total Assets

$4.35B

Equity

$1.49B

Shares Out

174.95M

Op. Cash Flow

$622.11M

Business

Archrock, Inc. is an energy infrastructure company focused on midstream natural gas compression services that support production, processing, transportation and storage. It provides owned compression equipment and turnkey compression operations as well as aftermarket services including maintenance, overhaul, reconfiguration and parts sales. The company operates through two business segments: Contract Operations, delivering compression services via its owned fleet, and Aftermarket Services, supporting customers who own compression equipment. Its operations and sales channels serve customers across substantially all major U.S. natural gas and crude oil producing regions.

Summary from filing dated 2025-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	1,490	1,158	990	846	781
Total cost of sales, exclusive of depreciation and amortization	509	459	449	419	359
Selling, general and administrative	148	139	117	117	107
Depreciation and amortization	257	193	166	164	179
Long-lived and other asset impairment	18	11	12	21	21
Restructuring charges	2	—	2	—	3
Debt extinguishment loss	890,000	3	—	—	—
Interest expense	165	124	111	101	—
Transaction-related costs	13	13	—	—	—
Gain on sale of assets, net	−47	−18	−10	−40	−30
Other expense, net	439,000	2	1	2	−5
Income before income taxes	424	232	142	61	39
Provision for income taxes	101	60	37	16	11
Income before equity in net loss of unconsolidated affiliate	323	172	105	—	—
Equity in net loss of unconsolidated affiliate	503,000	—	—	—	—
Net income	322	172	105	44	28
Basic earnings per common share (in dollars per share)	1.83	1.05	0.67	0.28	0.18
Diluted earnings per common share (in dollars per share)	1.83	1.05	0.67	0.28	0.18
Basic (in shares)	174	162	154	153	152
Diluted (in shares)	175	162	154	153	152

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	2	4	1	2	2
Accounts receivable, net of allowance of $1,205 and $414, respectively	142	132	—	—	105
Inventory	110	90	82	85	73
Tax refund receivable	42	—	—	—	—
Other current assets	9	7	6	8	7
Total current assets	304	233	213	232	187
Property, plant and equipment, net	3,658	3,324	2,302	2,199	2,227
Operating lease right-of-use assets	14	15	14	17	17
Goodwill	125	52	0	—	—
Intangible assets, net	144	98	30	37	48
Contract costs, net	39	38	38	35	25
Deferred tax assets	2	3	3	33	48
Other assets	55	53	48	37	28
Non-current assets of discontinued operations	8	8	8	9	10
Total assets	4,349	3,824	2,656	2,599	2,590
Accounts payable, trade	44	58	61	64	39
Accrued liabilities	145	124	85	77	83
Deferred revenue	8	7	6	7	4
Total current liabilities	197	189	152	149	125
Long-term debt	2,411	2,198	1,585	1,548	1,531
Operating lease liabilities	10	12	12	15	16
Deferred tax liabilities	198	63	5	900,000	1
Other liabilities	33	31	23	18	18
Non-current liabilities of discontinued operations	8	8	8	8	8
Total liabilities	2,858	2,501	1,785	1,738	1,699
Commitments and contingencies (Note 16)	—	—	—	—	—
Preferred stock: $0.01 par value per share, 50,000,000 shares authorized, zero issued	—	—	—	—	—
Common stock: $0.01 par value per share, 250,000,000 shares authorized, 184,746,759 and 185,350,510 shares issued, respectively	2	2	2	2	2
Additional paid-in capital	3,877	3,881	3,471	3,457	3,440
Accumulated deficit	−2,257	−2,438	−2,500	−2,509	−2,463
Treasury stock: 9,877,754 and 10,182,985 common shares, at cost, respectively	−130	−121	−101	−89	−86
Total equity	1,491	1,324	871	861	891
Total liabilities and equity	4,349	3,824	2,656	2,599	2,590

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	322	172	105	44	28
Non-cash restructuring charges	—	—	221,000	—	—
Equity in net loss of unconsolidated affiliate	503,000	—	—	—	—
Unrealized change in fair value of investment in unconsolidated affiliate	25,000	1	973,000	2	—
Inventory write-downs	900,000	600,000	500,000	2	1
Amortization of operating lease right-of-use assets	5	4	3	3	4
Amortization of deferred financing costs	6	5	6	5	10
Amortization of debt premium	−2	−2	−2	−2	−2
Amortization of capitalized implementation costs	3	3	3	2	—
Stock-based compensation expense	19	15	13	12	11
Provision for credit losses	1	381,000	224,000	206,000	−90,000
Gain on sale of assets, net	−47	−18	−10	−12	−11
Deferred income tax provision	98	58	36	15	10
Amortization of contract costs	22	24	21	19	20
Deferred revenue recognized in earnings	−24	−15	−16	−21	−10
Accounts receivable, net	−9	524,000	−9	−20	4
Inventory	−10	−2	4	−11	−13
Other assets	−45	−3	−2	−3	635,000
Contract costs	−24	−24	−24	−30	−17
Accounts payable and other liabilities	4	−16	−12	14	5
Deferred revenue	26	18	15	25	10
Other	100,000	−130,000	−103,000	45,000	−121,000
Net cash provided by operating activities	622	430	310	203	237
Capital expenditures	−502	−359	−299	−240	−98
Proceeds from sale of business	71	—	—	100	83
Proceeds from sale of property, equipment and other assets	121	68	72	21	30
Proceeds from insurance and other settlements	4	45,000	1	3	1
Investments in unconsolidated affiliates	−5	−2	−7	−15	—
Net cash used in investing activities	−607	−1,160	−232	−131	16
Borrowings of long-term debt	2,143	1,430	803	827	705
Repayments of long-term debt	−1,633	−1,308	−767	−810	−863
Redemption and partial repayment of 2027 Notes	−300	−202	—	—	—
Proceeds from 2032 Notes offering	—	700	—	—	—
Payments of debt issuance costs	−2	−12	−6	—	−2
Dividends paid to stockholders	−142	−110	−96	−90	−89
Repurchases of common stock	−70	−13	−9	−2	−2
Taxes paid related to net share settlement of equity awards	−15	−7	−4	−2	−2
Net proceeds from issuance of common stock	—	256	—	4	3
Proceeds from stock issued under ESPP	2	1	817,000	633,000	713,000
Contribution to Enerflex	−1	—	—	—	—
Net cash (used in) provided by financing activities	−18	734	−78	−73	−253
Net (decrease) increase in cash and cash equivalents	−3	3	−228,000	−3,000	472,000
Interest paid	161	121	108	98	100
Income taxes paid, net	3	2	1	−407,000	−247,000
Accrued capital expenditures	9	20	26	10	8

Filings

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