NYSE$AROC
Archrock Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Archrock's financial performance improved in Q1 2023, marked by revenue growth, increased net income, and record utilization.
Archrock reported strong Q1 2023 results with revenue increasing to $229.8 million and net income rising to $16.5 million. The company achieved a record utilization rate of 94% and is trending towards the high-end of its Adjusted EBITDA guidance range.
- Revenue increased to $229.8 million compared to $197.2 million in Q1 2022.
- Net income increased to $16.5 million compared to $1.7 million in Q1 2022.
- Adjusted EBITDA increased to $97.2 million compared to $81.4 million in Q1 2022.
- Record period-end utilization of 94% was achieved compared to 84% in Q1 2022.
Headline financials
Revenue & EPS history
Archrock · Revenue · Quarterly
$230M
Revenue by segment
Archrock · $230M total across 2 segments · Q1 2023
- Contract Operations$188M+14.7%81.7%
- Aftermarket Services$42.1M+25.5%18.3%
Forward guidance
Archrock is trending toward the high-end of 2023 Adjusted EBITDA guidance range of $400 million to $430 million and expects to reduce leverage ratio to below 4.0 times this year.
Tailwinds
- Strong customer demand driving utilization.
- Meaningful growth in quarterly revenue.
- Meaningful growth in gross margin.
- Meaningful growth in Adjusted EBITDA.
- Robust multi-year outlook for natural gas and compression.
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 2023
-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
| Quarter | Report date | Reaction (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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