Archrock Inc
For the period ended Mar 31, 2024. Filed May 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 1, 2024
AROC$28.99+5.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Glossary
The following terms and abbreviations appearing in the text of this report have the meanings indicated below.
| Share Repurchase Program | Share repurchase program approved by our Board of Directors on April 27, 2023 that allowed us to repurchase up to $50.0 million of outstanding common stock for a period of twelve months, which prior to its expiration was extended on April 25, 2024, for an additional twenty-four-month period and a replenishment of the authorized share repurchase amount to $50.0 million. |
|---|---|
| 2027 Notes | $500.0 million of 6.875% senior notes due April 2027, issued in March 2019 |
| 2028 Notes | $800.0 million of 6.25% senior notes due April 2028, $500.0 million of which was issued in December 2019, $300.0 million of which was issued in December 2020 |
| Amended and Restated Credit Agreement | Amended and Restated Credit Agreement, dated May 16, 2023, which amended and restated that Credit Agreement, dated as of March 30, 2017, which governs the Credit Facility |
| Archrock, our, we, us | Archrock, Inc., individually and together with its wholly-owned subsidiaries |
| ASU | Accounting Standards Update |
| Credit Facility | $750.0 million asset-based revolving credit facility due May 2028, as governed by the Amended and Restated Credit Agreement, dated May 16, 2023, which amended and restated that Credit Agreement, dated as of March 30, 2017 |
| ECOTEC | Ecotec International Holdings, LLC |
| ESPP | Employee Stock Purchase Plan |
| Exchange Act | Securities Exchange Act of 1934, as amended |
| FASB | Financial Accounting Standards Board |
| Financial Statements | Condensed consolidated financial statements included in Part I Item 1 of this Quarterly Report on Form 10-Q |
| GAAP | U.S. generally accepted accounting principles |
| GHG | Greenhouse gases (carbon dioxide, methane and water vapor for example) |
| Hilcorp | Hilcorp Energy Company |
| Ionada | Ionada PLC |
| LIBOR | London Interbank Offered Rate |
| OTC | Over-the-counter, as related to aftermarket services parts and components |
| SEC | U.S. Securities and Exchange Commission |
| SG&A | Selling, general and administrative |
| SOFR | Secured Overnight Financing Rate |
| U.S. | United States of America |
| WACC | Weighted average cost of capital |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.