Reports Q2 revenue $383.2M, consensus $365.84M. “Archrock’s (AROC) second quarter performance was outstanding,” said Brad Childers, Archrock’s CEO. “We completed the acquisition of NGCS, delivered 368,000 operating horsepower growth sequentially, and maintained a record utilization rate on our fleet of 96%. In addition, we delivered impressive profitability levels in both segments as our team focuses on generating sustainable efficiency gains through the deployment of innovative processes and technology.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AROC:
