Archrock reports Q3 adjusted EPS 42c, consensus 42c

Reports Q3 revenue $382.4M, consensus $379.29M. The company said, “Third quarter performance again demonstrated the strength of our operations and the natural gas and compression markets through outstanding customer service, excellent operational execution and stellar profitability. We grew our fleet by 56,000 horsepower sequentially, after adjusting for asset sales, and our team drove further expansion in contract operations revenue and adjusted gross margin. We continued to increase net income and adjusted EBITDA and delivered a leverage ratio of 3.1x. Our quarterly dividend per share is up 20% year over year and we repurchased 1,094,516 shares totaling approximately $25 million during the third quarter.”