Archrock IncAROC
▼ NegativeCapitalrelevance
Tightened full-year EBITDA guidance due to cost pressures and deferrals, despite strong demand.
Impact on stocks 1
Energy
Archrock IncArchrock reported second quarter 2026 earnings per share of $0.38 and adjusted EBITDA of $213 million, while tightening its full-year adjusted EBITDA guidance to $865 million to $885 million from a prior range of $865 million to $915 million. The company cited near-term lube oil and make-ready cost pressures, aftermarket services customer deferrals, and higher long-term incentive compensation as reasons for the guidance revision, while emphasizing that demand fundamentals remain unchanged. Contract operations utilization was 94.4% with adjusted gross margin of 71%, and Archrock signed a long-term agreement covering approximately 665,000 horsepower for midstream applications. The company also announced a long-term capital allocation framework targeting $1.4 billion to $1.6 billion of growth capital from 2027 through 2030, and raised its quarterly dividend to $0.23 per share, marking its fifth increase in two years.
Archrock IncTightened full-year EBITDA guidance due to cost pressures and deferrals, despite strong demand.