Archrock, Inc.

For the period ended Sep 30, 2025. Filed Oct 29, 2025.

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.

Sep 30, 2025 · Filed Oct 29, 2025

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 Cash Flows

(in thousands)


· · Nine Months Ended
· · September 30,
· 2025 · 2024
Cash flows from operating activities: · · · ·
Net income	$205,518	$112,473
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	187,889	135,065
Long-lived and other asset impairment	16,495	9,478
Non-cash restructuring charges	251	—
Equity in net loss of unconsolidated affiliate	483	—
Inventory write-downs	792	568
Amortization of operating lease right-of-use assets	3,469	2,789
Amortization of deferred financing costs	4,772	3,575
Amortization of debt premium	(1,504)	(1,504)
Amortization of capitalized implementation costs	2,431	2,259
Debt extinguishment loss	—	3,181
Stock-based compensation expense	14,356	11,215
Provision for credit losses	524	95
Gain on sale of assets, net	(15,467)	(5,175)
Deferred income tax provision	67,350	40,483
Amortization of contract costs	17,053	17,771
Deferred revenue recognized in earnings	(14,596)	(9,707)
Changes in operating assets and liabilities:
Accounts receivable, net	(46,064)	(4,883)
Inventory	(11,823)	3,449
Other assets	(18,391)	(3,303)
Contract costs	(19,046)	(15,970)
Accounts payable and other liabilities	(4,600)	(7,126)
Deferred revenue	17,700	10,598
Other	37	(78)
Net cash provided by operating activities	407,629	305,253

Cash flows from investing activities:
Capital expenditures	(414,667)	(261,044)
Proceeds from sale of business	71,000	—
Proceeds from sale of property, equipment and other assets	42,556	24,204
Proceeds from insurance and other settlements	3,811	45
Cash paid in TOPS Acquisition, net of cash acquired	—	(866,568)
Cash paid in NGCS Acquisition, net of cash acquired	(294,613)	—
Investments in unconsolidated affiliates	(471)	(1,307)
Net cash used in investing activities	(592,384)	(1,104,670)

Cash flows from financing activities:
Borrowings of long-term debt	1,495,701	1,133,425
Repayments of long-term debt	(1,135,301)	(974,275)
Proceeds from 2032 Notes offering	—	700,000
Partial repayment of 2027 Notes	—	(201,987)
Payments of debt issuance costs	(1,890)	(12,308)
Dividends paid to stockholders	(104,726)	(79,684)
Repurchases of common stock	(54,416)	(13,337)
Taxes paid related to net share settlement of equity awards	(14,996)	(6,568)
Net proceeds from issuance of common stock	—	255,747
Proceeds from stock issued under ESPP	1,169	815
Contribution to Enerflex	(1,123)	—
Net cash provided by financing activities	184,418	801,828
Net (decrease) increase in cash and cash equivalents	(337)	2,411
Cash and cash equivalents, beginning of period	4,420	1,338
Cash and cash equivalents, end of period	$4,083	$3,749

Supplemental disclosure of non-cash investing transactions:
Issuance of Archrock common stock pursuant to TOPS Acquisition	$—	$139,054
Issuance of Archrock common stock pursuant to NGCS Acquisition	$52,966	$—

Notes to Condensed Consolidated Financial Statements

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.