Archrock Inc
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 2024
AROC$27.88-3.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(in thousands, except per share amounts)
| | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three Months Ended · · Nine Months Ended | ||||||||||||
| · · September 30, · · September 30, | ||||||||||||
| · 2024 · 2023 · 2024 · 2023 | ||||||||||||
| Revenue: · · · · | ||||||||||||
| Contract operations | | $245,420 | | $207,552 | | $693,939 | | $596,417 | ||||
| Aftermarket services | | 46,741 | | 45,815 | | 137,236 | | 134,327 | ||||
| Total revenue | | 292,161 | | 253,367 | | 831,175 | | 730,744 | ||||
| Cost of sales, exclusive of depreciation and amortization | | | | | | | | | | | | |
| Contract operations | | 79,810 | | 75,273 | | 236,831 | | 230,788 | ||||
| Aftermarket services | | 34,395 | | 36,688 | | 104,553 | | 105,939 | ||||
| Total cost of sales, exclusive of depreciation and amortization | | 114,205 | | 111,961 | | 341,384 | | 336,727 | ||||
| Selling, general and administrative | | 34,059 | | 28,558 | | 96,887 | | 83,632 | ||||
| Depreciation and amortization | | 48,377 | | 42,155 | | 135,065 | | 123,546 | ||||
| Long-lived and other asset impairment | | 2,509 | | 2,922 | | 9,478 | | 8,383 | ||||
| Restructuring charges | | | — | | | 592 | | | — | | | 1,554 |
| Debt extinguishment loss | | | 3,181 | | | — | | | 3,181 | | | — |
| Interest expense | | 30,179 | | 28,339 | | 85,372 | | 83,550 | ||||
| Transaction-related costs | | | 9,220 | | | — | | | 11,002 | | | — |
| Gain on sale of assets, net | | | (2,218) | | | (3,237) | | | (5,175) | | | (8,018) |
| Other expense (income), net | | (304) | | (235) | | (37) | | 1,831 | ||||
| Income before income taxes | | 52,953 | | 42,312 | | 154,018 | | 99,539 | ||||
| Provision for income taxes | | 15,437 | | 11,454 | | 41,545 | | 27,543 | ||||
| Net income | | $37,516 | | $30,858 | | $112,473 | | $71,996 | ||||
| | | | | | | | | | | | | |
| Basic and diluted earnings per common share | | $0.22 | | $0.20 | | $0.70 | | $0.46 | ||||
| | | | | | | | | | | | | |
| Weighted-average common shares outstanding: | | | | | ||||||||
| Basic | | 165,847 | | 154,163 | | 158,205 | | 154,210 | ||||
| Diluted | | 166,173 | | 154,401 | | 158,518 | | 154,398 | ||||
Archrock, Inc.
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