Archrock Inc
For the period ended Mar 31, 2025. Filed May 6, 2025.
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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, 2025 · Filed May 6, 2025
AROC$28.99+5.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Glossary
The following terms and abbreviations appearing in the text of this report, including the Financial Statements, have the meanings indicated below.
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| 2020 Plan | 2020 Stock Incentive Plan |
| 2027 Notes | $500.0 million of 6.875% senior notes due April 2027 |
| 2027 Notes Tender Offer | $200.0 million partial redemption |
| 2028 Notes | $800.0 million of 6.25% senior notes due April 2028 |
| 2032 Notes | $700.0 million of 6.625% senior notes due September 2032, issued in August 2024 |
| Amended and Restated Credit Agreement | Amended and Restated Credit Agreement, dated May 16, 2023, which amended and restated that Credit Agreement, dated as of March 30, 2017, which governs the Credit Facility |
| Archrock, our, we, us | Archrock, Inc., individually and together with its wholly-owned subsidiaries |
| Archrock ELT | Archrock ELT LLC, an indirect, wholly-owned subsidiary of Archrock |
| ASU | Accounting Standards Update |
| CODM | Chief operating decision maker |
| ColdStream | ColdStream Energy Holdings, LLC |
| Credit Facility | $1.1 billion asset-based revolving credit facility due May 2028, as governed by the Amended and Restated Credit Agreement, as amended |
| ECOTEC | Ecotec International Holdings, LLC |
| ESPP | Employee Stock Purchase Plan |
| Exchange Act | Securities Exchange Act of 1934, as amended |
| FASB | Financial Accounting Standards Board |
| FGC Holdco | FGC Holdco LLC |
| Financial Statements | Condensed consolidated financial statements included in Part I Item 1 of this Quarterly Report on Form 10-Q |
| First Amendment to the Amended and Restated Credit Agreement | First Amendment to the Amended and Restated Credit Agreement, dated August 28, 2024, which amended the Amended and Restated Credit Agreement |
| GAAP | Accounting principles generally accepted in the U.S. |
| GHG | Greenhouse gases (carbon dioxide, methane and water vapor for example) |
| Hilcorp | Hilcorp Energy Company |
| Ionada | Ionada PLC |
| July 2024 Equity Offering | Public underwriting offering whereby Archrock sold approximately 12.7 million shares of its common stock, completed in July 2024 |
| LIBOR | London Interbank Offered Rate |
| MaCH4 NRS | Natural gas liquid recovery patented technology solution developed by ColdStream, capable of capturing natural gas liquids instead of burning them and simultaneously delivering lean, dry fuel gas to natural gas fired engines and equipment at compressor stations |
| NGCS | Natural Gas Compression System, Inc. (“NGCSI”), and NGCSE, Inc. (“NGCSE”) |
| NGCS Acquisition | Transaction announced on March 10, 2025 and completed on May 1, 2025, pursuant to definitive agreements entered into on March 10, 2025, whereby Archrock agreed to acquire and has since acquired all of the issued and outstanding equity interests in NGCS, referred to as “NGCSI Merger Agreement” and “NGCSE Merger Agreement” (together, “Merger Agreements”) |
| OTC | Over-the-counter, as related to aftermarket services parts and components |
| SEC | U.S. Securities and Exchange Commission |
| SG&A | Selling, general and administrative |
| Share Repurchase Program | Share repurchase program approved by our Board of Directors that allows us to repurchase outstanding common stock for a designated amount and period of time |
| Spin-off | Spin-off of our international contract operations, international aftermarket services and global fabrication businesses into a standalone public company operating as Exterran Corporation in November 2015. Exterran Corporation was subsequently acquired by Enerflex Ltd. (“Enerflex”) in October 2022. The separation and distribution agreement |
| specifies our right to receive payments from Enerflex and our obligation to satisfy capital calls from Enerflex | |
| SOFR | Secured Overnight Financing Rate |
|---|---|
| TOPS | Total Operations and Production Services, LLC, a portfolio company managed by certain affiliates of Apollo Global Management, Inc. |
| TOPS Acquisition | Transaction completed on August 30, 2024 (“acquisition date”) pursuant to that certain purchase and sale agreement, dated as of July 22, 2024, by and among Archrock, Archrock ELT, TOPS Pledge1, LLC, TOPS Pledge2, LLC and for limited purposes therein, TOPS Holdings, LLC, whereby Archrock acquired all of the issued and outstanding equity interests in TOPS |
| U.S. | United States of America |
| VIE | Variable interest entity |
| WACC | Weighted average cost of capital |
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