NYSE$AROC

Archrock Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Archrock reported a decrease in revenue and net income for Q4 2020, while maintaining strong dividend coverage.

Archrock's Q4 2020 revenue was $199.3 million, a decrease from $246.0 million in Q4 2019. Net income for the quarter was $4.8 million, significantly lower than the $46.0 million reported in the same period last year. Despite the decline in revenue and net income, the company's dividend coverage remained strong at 2.5x.

  • Q4 2020 revenue was $199.3 million, down from $246.0 million in Q4 2019.
  • Net income for Q4 2020 was $4.8 million, compared to $46.0 million in Q4 2019.
  • Adjusted EBITDA for Q4 2020 was $88.7 million, a decrease from $112.5 million in Q4 2019.
  • Dividend coverage for Q4 2020 was 2.5x.

Headline financials

Total Revenue

$199M

Previous: $246M-19.0%
EPS (adj)

$0.08

Previous: $0.30-73.3%
Total Operating Horsepower

3.4K

Previous: 3.9M-99.9%
Spot Utilization

82.0%

Previous: 89.0%-7.9%
Dividend Coverage Ratio

2.5

Previous: 2.9-13.8%
Adjusted EBITDA

$88.7M

No prior period
Net Income

$4.79M

Previous: $46M-89.6%
Operating Income

$27.4M

Previous: $6.67M+311.5%
Gross Profit

$66.8M

Previous: $84.6M-21.0%
Cash & Equivalents

$1.1M

Previous: $3.69M-70.2%
Total Assets

$2.78B

Previous: $3.11B-10.6%
Stock-Based Comp

$2.13M

Previous: $1.96M+8.6%

Revenue & EPS history

Archrock · Revenue · Quarterly

$199M

Q4 2020-19%vs Q4 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Archrock · $199M total across 2 segments · Q4 2020

  • Contract Operations
    $169M-17.4%
  • Aftermarket Services
    $30.6M-26.5%

Forward guidance

Archrock provided its annual guidance for 2021, projecting net income between $34 million and $74 million and adjusted EBITDA between $335 million and $375 million.

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 Q4 2020

Historical avgQ4 2020

-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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