Archrock Inc

For the period ended Mar 31, 2024. Filed May 1, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 1, 2024

AROC$27.88-3.8%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Statements of Operations

(in thousands, except per share amounts)


· · Three Months Ended
· · March 31,
· 2024 · 2023
Revenue: · ·
Contract operations	$223,051	$187,745
Aftermarket services	45,437	42,089
Total revenue	268,488	229,834
Cost of sales (excluding depreciation and amortization):
Contract operations	77,743	79,482
Aftermarket services	35,000	33,908
Total cost of sales (excluding depreciation and amortization)	112,743	113,390
Selling, general and administrative	31,665	26,425
Depreciation and amortization	42,835	40,181
Long-lived and other asset impairment	2,568	2,569
Restructuring charges	—	1,047
Interest expense	27,334	26,581
Gain on sale of assets, net	(2,381)	(3,605)
Other (income) expense, net	139	603
Income before income taxes	53,585	22,643
Provision for income taxes	13,053	6,158
Net income	$40,532	$16,485

Basic and diluted earnings per common share	$0.26	$0.10

Weighted average common shares outstanding:
Basic	154,187	154,116
Diluted	154,501	154,281

Archrock, Inc.

Condensed Consolidated Statements of Equity

(in thousands, except shares and per share amounts)



· · · · Additional · · · · · · · · · · ·
· · Common Stock · · Paid-in · · Accumulated · · Treasury Stock · · ·
· · Amount · · Shares · Capital · Deficit · · · Amount · · Shares · · Total
Balance at December 31, 2022	$1,634	163,439,013	$3,456,777	$(2,509,133)	$(88,585)	(7,810,548)	$860,693
Shares withheld related to net settlement of equity awards	—	—	—	—	(3,773)	(383,766)	(3,773)
Cash dividends ($0.150 per common share)	—	—	—	(23,852)	—	—	(23,852)
Shares issued under ESPP	1	20,251	169	—	—	—	170
Stock-based compensation, net of forfeitures	14	1,444,636	3,313	—	—	(13,076)	3,327
Net income	—	—	—	16,485	—	—	16,485
Balance at March 31, 2023	$1,649	164,903,900	$3,460,259	$(2,516,500)	$(92,358)	(8,207,390)	$853,050

Balance at December 31, 2023	$1,650	164,984,401	$3,470,576	$(2,499,931)	$(101,274)	(9,020,454)	$871,021
Shares repurchased	—	—	—	—	(1,230)	(82,972)	(1,230)
Shares withheld related to net settlement of equity awards	—	—	—	—	(6,451)	(385,980)	(6,451)
Cash dividends ($0.165 per common share)	—	—	—	(26,000)	—	—	(26,000)
Shares issued under ESPP	—	17,800	244	—	—	—	244
Stock-based compensation, net of forfeitures	7	773,662	3,957	—	—	—	3,964
Net income	—	—	—	40,532	—	—	40,532
Balance at March 31, 2024	$1,657	165,775,863	$3,474,777	$(2,485,399)	$(108,955)	(9,489,406)	$882,080

Archrock, Inc.

ContentsView on SEC.gov

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