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Archrock
(NYSE:AROC)
Archrock (AROC) vs. SPDR S&P 500 ETF (SPY)
Archrock Business Overview & Revenue Model
Archrock Earnings Call Summary
Archrock Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.44B | 1.49B | 1.16B | 990.34M | 845.57M | 781.46M |
| Gross Profit | 921.13M | 0.00 | 699.09M | 541.32M | 426.08M | 422.54M |
| EBITDA | 760.48M | 845.24M | 559.97M | 424.68M | 308.90M | 315.38M |
| Net Income | 265.28M | 322.29M | 172.23M | 105.00M | 44.30M | 28.22M |
Balance Sheet | ||||||
| Total Assets | 4.41B | 0.00 | 3.82B | 2.66B | 2.60B | 2.59B |
| Cash, Cash Equivalents and Short-Term Investments | 4.08M | 0.00 | 4.42M | 1.34M | 1.57M | 1.57M |
| Total Debt | 2.57B | 0.00 | 2.21B | 1.60B | 1.56B | 1.55B |
| Total Liabilities | 2.99B | 0.00 | 2.50B | 1.78B | 1.74B | 1.70B |
| Stockholders Equity | 1.42B | 1.49B | 1.32B | 871.02M | 860.69M | 891.44M |
Cash Flow | ||||||
| Free Cash Flow | 19.31M | 622.11M | 70.56M | 11.55M | -36.42M | 139.51M |
| Operating Cash Flow | 531.97M | 622.11M | 429.59M | 310.19M | 203.45M | 237.40M |
| Investing Cash Flow | -647.78M | -606.90M | -1.16B | -232.49M | -130.92M | 16.11M |
| Financing Cash Flow | 116.14M | 0.00 | 733.55M | -77.92M | -72.54M | -253.03M |
Archrock Technical Analysis
Archrock Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $5.91B | 21.84 | 19.33% | 3.08% | 31.94% | 64.74% | |
75 Outperform | $6.64B | 6.85 | 36.35% | ― | 6.81% | -61.94% | |
74 Outperform | $478.00M | 25.55 | 7.15% | 0.63% | 9.53% | 15.48% | |
69 Neutral | $3.91B | 31.71 | ― | 9.11% | 6.66% | 43.66% | |
66 Neutral | $4.38B | 63.64 | 5.86% | 4.86% | 19.43% | 164.71% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | $7.44B | 52.44 | 2.29% | 3.24% | -1.43% | -63.13% |
Archrock Corporate Events
Archrock reported strong fourth quarter and full-year 2025 results on February 24, 2026, with revenue rising to $377.1 million for the quarter and $1.49 billion for the year, alongside net income of $116.8 million for the quarter and $322.3 million for 2025. EPS nearly doubled year over year, adjusted EBITDA climbed to $900.9 million, and even excluding sizable tax and asset-sale benefits, adjusted EBITDA still exceeded prior guidance.
Operationally, Archrock expanded active horsepower by 8% in 2025, maintained about 95.5% fleet utilization, and executed asset sales of 325,000 horsepower to fund high-return new builds while completing a second accretive acquisition in 18 months. The company reduced its leverage ratio to 2.69x, boosted the quarterly dividend to $0.22 with 4.9x coverage, returned $211.8 million to shareholders, upsized its repurchase program, and refinanced debt with a $800 million senior notes offering to strengthen its balance sheet.
Looking ahead, Archrock issued 2026 guidance calling for net income of $306 million to $356 million and adjusted EBITDA of $865 million to $915 million, including the impact of recently divested compression assets. It plans $250 million to $275 million of growth capital spending in 2026 to support customer expansion while targeting substantial free cash flow and positioning to benefit from sustained U.S. natural gas production growth, LNG-driven demand and power needs from AI-related data centers.
The most recent analyst rating on (AROC) stock is a Buy with a $32.00 price target. To see the full list of analyst forecasts on Archrock stock, see the AROC Stock Forecast page.
On February 18, 2026, Archrock’s board compensation committee approved a new 2026 short-term incentive program that sets cash bonus targets for its named executive officers as a percentage of eligible earnings, ranging from 75% to 125%. Payouts can vary from 0% to 200% of target and will be determined by performance against adjusted EBITDA, sustainability metrics, and operating team results, alongside individual leadership and strategic execution contributions, giving the committee wide discretion to align pay with 2026 corporate performance.
The committee also approved base salary increases for 2026 for the same executives, effective April 2026, raising CEO D. Bradley Childers’ base pay from $950,000 to $990,000 and granting smaller but notable increases to the CFO, general counsel, and senior operations leaders. These changes underscore Archrock’s emphasis on retaining top management and tying compensation more closely to financial, operational and sustainability outcomes, which may reinforce management’s focus on execution in a competitive energy services market.
The most recent analyst rating on (AROC) stock is a Buy with a $32.00 price target. To see the full list of analyst forecasts on Archrock stock, see the AROC Stock Forecast page.
On January 21, 2026, Archrock Services, L.P. and its co-issuer Archrock Partners Finance Corp. completed a private placement of $800 million in 6.000% senior notes due 2034, fully and unconditionally guaranteed on a senior unsecured basis by Archrock, Inc. and certain subsidiaries. The notes, issued to qualified institutional buyers and non-U.S. investors, carry semi-annual interest payments beginning August 1, 2026, feature a tiered call schedule and change-of-control repurchase rights, and are governed by covenants that restrict additional indebtedness, liens, asset sales, affiliate transactions and certain equity-related actions, though many of these limitations fall away if the notes achieve investment-grade ratings. Archrock said it intends to use the proceeds to repay borrowings under its revolving credit facility, a move that is expected to improve its debt profile and financial flexibility while reinforcing its position in the U.S. natural gas compression market.
The most recent analyst rating on (AROC) stock is a Buy with a $29.00 price target. To see the full list of analyst forecasts on Archrock stock, see the AROC Stock Forecast page.
On December 15, 2025, Archrock announced that its subsidiaries Archrock Services, L.P. and Archrock Partners Finance Corp. had priced an upsized $800 million private offering of 6.000% senior notes due 2034 at par, with the transaction documented in a purchase agreement signed on January 6, 2026 and expected to close on or about January 21, 2026, subject to customary conditions. The notes, to be sold to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S, are expected to generate roughly $789 million in net proceeds, which Archrock intends to use primarily to repay borrowings under its revolving credit facility, a move that should reduce reliance on bank debt, potentially lower funding risk, and modestly reshape the company’s capital structure while imposing a 90-day restriction on new debt offerings without underwriter consent.
The most recent analyst rating on (AROC) stock is a Buy with a $29.00 price target. To see the full list of analyst forecasts on Archrock stock, see the AROC Stock Forecast page.
On January 6, 2026, Archrock, Inc. announced that its wholly owned subsidiary Archrock Services, L.P., together with Archrock Partners Finance Corp. as co-issuer, plans to launch a private offering of $500 million in senior notes due 2034 to eligible institutional and non-U.S. investors. Archrock intends to use the net proceeds to repay a portion of the outstanding borrowings under its revolving credit facility, a move that would restructure part of its debt profile and potentially lower funding costs, thereby strengthening the company’s balance sheet and financial flexibility within the U.S. natural gas compression sector.
The most recent analyst rating on (AROC) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on Archrock stock, see the AROC Stock Forecast page.