NYSE$AROC

Archrock Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Archrock reported an increase in contract operations revenue and record annual free cash flow.

Archrock reported Q4 2021 revenue of $195.2 million and net income of $6.0 million. The company delivered a sequential increase in contract operations revenue and achieved its highest quarterly levels of operating horsepower growth and bookings for the year. Archrock closed out 2021 generating positive net income and record annual free cash flow.

  • Revenue for the fourth quarter of 2021 was $195.2 million compared to $199.3 million in the fourth quarter of 2020.
  • Net income for the fourth quarter of 2021 was $6.0 million compared to $4.8 million in the fourth quarter of 2020.
  • Adjusted EBITDA for the fourth quarter of 2021 was $83.5 million compared to $88.7 million in the fourth quarter of 2020.
  • Previously-declared quarterly dividend of $0.145 per common share for the fourth quarter of 2021 resulted in dividend coverage of 2.0x.

Headline financials

Total Revenue

$195M

Previous: $199M-2.0%
EPS (adj)

$0.04

Previous: $0.08-50.0%
Net Income

$5.99M

Previous: $4.79M+25.1%
Operating Income

$4.53M

Previous: $27.4M-83.5%
Gross Profit

$60.5M

Previous: $66.8M-9.4%
Cash & Equivalents

$1.57M

Previous: $1.1M+43.0%
Total Assets

$2.59B

Previous: $2.78B-6.8%
Stock-Based Comp

$2.6M

Previous: $2.13M+21.9%

Revenue & EPS history

Archrock · Revenue · Quarterly

$195M

Q4 2021-2%vs Q4 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Archrock · $195M total across 2 segments · Q4 2021

  • Contract Operations
    $160M-5.5%
  • Aftermarket Services
    $35.7M+17.0%

Forward guidance

Archrock provided annual guidance for 2022, with net income between $15 million and $55 million and Adjusted EBITDA between $320 million and $360 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 2021

Historical avgQ4 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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