Archrock, Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 26, 2026
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.
| 2020 Plan | | 2020 Stock Incentive Plan |
|---|---|---|
| 2027 Notes | | $500.0 million of 6.875% senior notes due April 2027 |
| 2027 Notes Redemption | | $300.0 million redemption of the 2027 Notes, completed in November 2025 |
| 2027 Notes Tender Offer | | $200.0 million partial redemption of the 2027 Notes, completed in August 2024 |
| 2028 Notes | | $800.0 million of 6.250% senior notes due April 2028 |
| 2032 Notes | | $700.0 million of 6.625% senior notes due September 2032 |
| 2034 Notes | | $800.0 million of 6.000% senior notes due 2034, issued January 2026 |
| AI | | Artificial intelligence |
| 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, and which governs the Credit Facility |
| AMNAX | | Alerian Midstream Energy Index |
| AMZ | | Alerian MLP Index |
| Archrock, our, we, us | | Archrock, Inc., individually and together with its wholly owned subsidiaries |
| ASU | | Accounting Standards Update |
| Bcf/d | | Billion cubic feet per day |
| BoLM | | U.S. Department of the Interior’s Bureau of Land Management |
| C|CISO | | Certified Chief Information Security Officer |
| CAA | | Clean Air Act |
| CERCLA | | Comprehensive Environmental Response, Compensation, and Liability Act |
| CISSP | | Certified Information Systems Security Professional |
| Code | | Internal Revenue Code of 1986, as amended |
| CODM | | Chief operating decision maker |
| ColdStream | | ColdStream Energy Holdings, LLC |
| Congress | | The United States Congress is the legislature of the federal government of the United States, composed of a lower body, the House of Representatives, and an upper body, the Senate |
| COP | | Conference of the Parties of the United Nations Framework Convention on Climate Change |
| Credit Facility | | $1.5 billion asset-based revolving credit facility due May 2028, as governed by the Amended and Restated Credit Agreement, as amended |
| CWA | | Clean Water Act |
| Debt Agreements | | Credit Facility, 2027 Notes, 2028 Notes, 2032 Notes and 2034 Notes, collectively |
| DOE | | Department of Energy |
| DSDP | | Directors’ Stock and Deferral Plan |
| EBITDA | | Earnings before interest, taxes, depreciation and amortization |
| ECOTEC | | Ecotec International Holdings, LLC |
| EIA | | U.S. Energy Information Administration |
| EIA Outlook | | February 2026 EIA Short Term Outlook |
| EPA | | U.S. Environmental Protection Agency |
| ERP | | Enterprise Resource Planning |
| ESG | | Environmental, Social and Governance |
| ESPP | | Employee Stock Purchase Plan |
| Exchange Act | | Securities Exchange Act of 1934, as amended |
| FASB | | Financial Accounting Standards Board |
| Federal Funds Effective Rate | | The target interest rate depository institutions charge each other for overnight loans of funds |
| FGC Holdco | | FGC Holdco LLC, a subsidiary of ColdStream |
| Financial Statements | | Consolidated financial statements included in Part IV Item 15 of this Form 10–K |
|---|---|---|
| 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 |
| Flowco | | Flowco Holdings Inc. |
| Flowco Disposition | | Transaction completed on August 1, 2025 pursuant to the asset purchase agreement, dated as of July 1, 2025, whereby Archrock sold certain contract operations customer service agreements, compressors, and other assets to Flowco |
| GAAP | | Accounting principles generally accepted in the U.S. |
| GHG | | Greenhouse gases (carbon dioxide, methane and water vapor for example) |
| Hilcorp | | Hilcorp Energy Company |
| Interagency Working Group on the Social Cost of Greenhouse Gases | | U.S. federal body that develops monetary estimates for the harm caused by emitting GHGs like carbon dioxide, methane, and nitrous oxide, used in cost-benefit analyses for regulations |
| Ionada | | Ionada PLC |
| IRS | | Internal Revenue Service |
| IT | | Information Technology |
| 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 |
| LNG | | Liquefied natural gas |
| 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 |
| MMb/d | | Million barrels per day |
| NAAQS | | National Ambient Air Quality Standards |
| National Standards | | National cybersecurity standards, primarily driven by the National Institute of Standards and Technology, provide voluntary, flexible frameworks to help organizations manage risk. Core functions include govern, identify, protect, detect, respond, and recover, offering a common language for security across sectors |
| NGCS | | Natural Gas Compression Systems, Inc. (“NGCSI”), and NGCSE, Inc. (“NGCSE”) |
| NGCS Acquisition | | Transaction completed on May 1, 2025 (“NGCS acquisition date”) pursuant to certain definitive agreements dated as of March 10, 2025, whereby Archrock acquired all of the issued and outstanding equity interests in NGCS, referred to as “NGCSI Merger Agreement” and “NGCSE Merger Agreement” (together, “Merger Agreements”) |
| NOL | | Net operating loss |
| NSPS | | New Source Performance Standards |
| OB3 Tax Law | | Public Law No. 119-21, a comprehensive tax and spending reform bill signed into law on July 4, 2025 also known as the “One Big Beautiful Bill Act” or “OBBBA” |
| OOOOb and OOOOc | | Subpart of the NSPS commonly referred to as the EPA’s methane rule for new and existing sources |
| OSHA | | Occupational Safety and Health Act |
| OTC | | Over–the–counter, as related to aftermarket services parts and components |
| Paris Agreement | | Resulting agreement of the 21st Conference of the Parties of the United Nations Framework Convention on Climate Change held in Paris, France |
| Pillar 2 | | A framework proposed by the Organization for Economic Co-operation and Development to implement a minimum global tax of 15% for companies with global revenues and profits above certain thresholds |
| ppb | | Parts per billion |
| Prime Rate | | Rate of interest last quoted by The Wall Street Journal as the prime rate in the U.S. |
| RCRA | | Resource Conservation and Recovery Act |
| ROU | | Right–of–use, as related to operating leases |
| S&P 500 | | S&P 500 Composite Stock Price Index |
| SAFE | | Simple agreement for future equity |
|---|---|---|
| SEC | | U.S. Securities and Exchange Commission |
| Second Amendment to the Amended and Restated Credit Agreement | | Second Amendment to the Amended and Restated Credit Agreement, dated May 16, 2025, which amended the Amended and Restated Credit Agreement |
| Securities Act | | Securities Act of 1933, as amended |
| 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 and retire shares repurchased for a designated amount and period of time |
| SOFR | | Secured Overnight Financing Rate |
| 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 |
| Tax Cuts and Jobs Act | | Public Law No. 115-97, a comprehensive tax reform bill signed into law on December 22, 2017 |
| Third Amendment to the Amended and Restated Credit Agreement | | Third Amendment to the Amended and Restated Credit Agreement, dated December 12, 2025, which amended the Amended and Restated Credit Agreement |
| TOPS | | Total Operations and Production Services, LLC |
| TOPS Acquisition | | Transaction completed on August 30, 2024 (“TOPS acquisition date”) pursuant to that certain purchase and sale agreement, dated as of July 22, 2024, whereby Archrock acquired all of the issued and outstanding equity interests in TOPS |
| UNFCCC | | United Nations Framework Convention on Climate Change |
| U.S. | | United States of America |
| VIE | | Variable interest entity |
| VOC | | Volatile organic compounds |
| WACC | | Weighted average cost of capital |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.