NYSE$AROC

Archrock Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Revenue decreased due to lower contract operations, while aftermarket services revenue increased. Net income and Adjusted EBITDA also decreased compared to the same quarter last year.

Archrock's Q3 2021 results showed a decrease in revenue and net income compared to Q3 2020. Revenue was $195.2 million, net income was $9.3 million, and Adjusted EBITDA was $92.4 million. The company expects to achieve 2021 Adjusted EBITDA above the midpoint of its guidance range.

  • Revenue for Q3 2021 was $195.2 million, down from $205.6 million in Q3 2020.
  • Net income for Q3 2021 was $9.3 million, compared to $18.3 million in Q3 2020.
  • Adjusted EBITDA for Q3 2021 was $92.4 million, versus $112.6 million in Q3 2020.
  • The company grew its operating horsepower and drove improved contract compression bookings.

Headline financials

Total Revenue

$195M

Previous: $206M-5.1%
EPS (adj)

$0.06

Previous: $0.19-68.4%
Leverage Ratio

4.3

Previous: 4+7.5%
Free Cash Flow

$9.3M

Previous: $18.3M-49.2%
Net Income

$9.3M

Previous: $18.3M-49.2%
Operating Income

-$206M

Previous: -$206M-0.1%
Gross Profit

-$91.9M

Previous: -$86.2M-6.7%
Cash & Equivalents

$3.49M

Previous: $1.48M+136.3%
Total Assets

$2.62B

Previous: $2.87B-8.6%
Stock-Based Comp

$2.9M

Previous: $2.65M+9.6%

Revenue & EPS history

Archrock · Revenue · Quarterly

$195M

Q3 2021-5.1%vs Q3 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Archrock · $195M total across 2 segments · Q3 2021

  • Contract Operations
    $159M-9.3%
  • Aftermarket Services
    $36.3M+19.3%

Forward guidance

Archrock expects to achieve 2021 Adjusted EBITDA above the midpoint of its $340 million to $355 million guidance range.

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 Q3 2021

Historical avgQ3 2021

-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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