Archrock Q2 results miss estimates on cost pressures
AROC•Guidance tightened for 2026
- Archrock tightens 2026 adjusted EBITDA guidance to $865 mln-$885 mln from $865 mln-$915 mln
- Company reaffirms 2026 growth capital expenditures of $250 mln-$275 mln
- Archrock sees cumulative growth capital expenditures of $1.4 bln-$1.6 bln from 2027-2030
Quarterly results miss estimates
- U.S. natural gas compression firm's Q2 revenue fell year over year, missing analyst expectations
- Q2 adjusted EBITDA declined and missed analyst expectations
- Company raised quarterly dividend by 10% from prior year
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Miss | $371.23 mln | $391.62 mln (5 Analysts) |
| Q2 Net Income | $66.70 mln | ||
| Q2 Adjusted EBITDA | Miss | $212.62 mln | $221.86 mln (8 Analysts) |
Result drivers and analyst coverage
- CONTRACT OPERATIONS - Segment revenue and adjusted gross margin rose, driven by strong utilization and profitability
- AFTERMARKET SERVICES - Revenue declined due to absence of non-recurring engine sales and reduced customer demand for major maintenance
