NYSE$AROC

Archrock Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Archrock reported first quarter results, noting improved compression market fundamentals and increased customer engagement.

Archrock's first quarter 2022 revenue was $197.2 million, a slight increase from $195.4 million in the first quarter of 2021. Net income was $1.7 million, down from $4.2 million in the same period last year. The company is raising the low end of its annual adjusted EBITDA guidance range and now expects to generate positive free cash flow after dividends in 2022.

  • Revenue for the first quarter of 2022 was $197.2 million, compared to $195.4 million in the first quarter of 2021.
  • Net income for the first quarter of 2022 was $1.7 million, compared to $4.2 million in the first quarter of 2021.
  • Adjusted EBITDA for the first quarter of 2022 was $81.4 million, compared to $97.9 million in the first quarter of 2021.
  • Net cash provided by operating activities for the first quarter of 2022 was $76.6 million and free cash flow after dividend was $17.2 million.

Headline financials

Total Revenue

$197M

Previous: $195M+0.9%
EPS (adj)

$0.01

Previous: $0.03-66.7%
Free Cash Flow

$1.72M

Previous: $4.17M-58.7%
Net Income

$1.72M

Previous: $4.17M-58.7%
Operating Income

-$120M

Previous: -$202M+40.7%
Gross Profit

-$93.1M

Previous: -$87.1M-6.9%
Cash & Equivalents

$1.26M

Previous: $1.93M-34.7%
Total Assets

$2.6B

Previous: $2.72B-4.5%
Stock-Based Comp

$3.07M

Previous: $2.66M+15.2%

Revenue & EPS history

Archrock · Revenue · Quarterly

$197M

Q1 2022+0.9%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Archrock · $197M total across 2 segments · Q1 2022

  • Contract Operations
    $164M-1.4%
  • Aftermarket Services
    $33.5M+14.1%

Forward guidance

Archrock is raising the low end of its annual adjusted EBITDA guidance range and now expects to generate positive free cash flow after dividends in 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-1.5%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+0.0%

Avg return

30 days after

46%

31 / 68 earnings

Positive

+16.6%

Q2 2016

Best reaction

-37.9%

Q1 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.8%-8.0%-14.6%
Q4 2025+3.7%+9.1%+5.4%
Q3 2025-2.4%-0.0%-4.4%
Q1 2025-2.6%+0.6%+2.5%
Q4 2024+2.3%+5.1%+2.9%
Q3 2024+7.1%+2.7%+17.9%
Q2 2024-4.2%-13.6%-7.5%
Q1 2024-3.1%+0.4%-2.2%
Q4 2023+6.5%+6.0%+14.1%
Q3 2023+8.8%+10.1%+14.6%
Q2 2023+10.9%+11.5%+10.6%
Q1 2023-8.9%-4.7%-10.3%
Q4 2022+2.4%+14.6%-3.9%
Q3 2022+5.3%+12.1%+17.2%
Q2 2022-1.9%-6.8%-12.7%
Q1 2022-3.9%+1.0%+13.5%
Q4 2021-0.5%-1.9%+7.3%
Q3 2021+2.7%+6.5%-11.6%
Q2 2021+1.3%+0.0%-7.1%
Q1 2021-4.4%-3.8%-5.8%
Q4 2020-1.6%+1.6%-6.8%
Q3 2020+11.3%+7.6%+42.0%
Q2 2020-6.1%+0.1%-5.9%
Q1 2020-2.9%+6.9%+45.4%
Q4 2019+4.6%-8.8%-57.2%
Q3 2019+2.2%-1.4%-11.4%
Q2 2019+3.0%-3.6%-11.6%
Q1 2019-4.4%-6.6%-12.7%
Q4 2018+10.6%+5.5%+5.8%
Q3 2018+1.4%+6.2%-2.0%
Q2 2018-2.2%-1.1%-5.2%
Q1 2018-3.7%-0.5%+8.8%
Q4 2017+14.7%+14.1%+2.8%
Q3 2017-8.8%-10.1%-16.8%
Q2 2017-4.1%-5.9%-6.8%
Q1 2017-6.8%-5.5%-10.2%
Q4 2016-15.8%-13.9%-23.7%
Q3 2016-3.4%-5.6%+12.1%
Q2 2016+16.6%+20.7%+28.0%
Q1 2016-37.9%
Q4 2015+14.0%
Q3 2015-5.8%
Q2 2015+3.8%
Q1 2015+0.0%
Q4 2014+0.8%
Q3 2014-10.6%
Q2 2014+3.5%
Q1 2014+0.2%
Q4 2013+4.1%
Q3 2013+1.1%
Q2 2013-11.3%
Q1 2013-4.4%
Q4 2012+7.4%
Q3 2012+5.5%
Q2 2012+6.1%
Q1 2012+2.8%
Q4 2011+3.1%
Q3 2011+1.4%
Q2 2011-29.6%
Q1 2010-3.1%
Q1 2011-1.0%
Q4 2010-3.5%
Q4 2008-3.5%
Q3 2009-13.7%
Q3 2010-13.7%
Q4 2009-12.3%
Q2 2009-12.3%
Q2 2010-12.3%

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