Archrock Past Earnings Performance
Past criteria checks 5/6
Archrock has been growing earnings at an average annual rate of 52.4%, while the Energy Services industry saw earnings growing at 46.2% annually. Revenues have been growing at an average rate of 14.7% per year. Archrock's return on equity is 21.4%, and it has net margins of 21.2%.
Key information
52.41%
Earnings growth rate
49.79%
EPS growth rate
| Energy Services Industry Growth | 23.71% |
| Revenue growth rate | 14.68% |
| Return on equity | 21.43% |
| Net Margin | 21.23% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • May 02
AROC: Compression Demand And Midstream Profile Support Future Cash Flow And Dividends
Analysts have lifted their average price targets for Archrock by $6 to a range around $39 to $42, citing steady natural gas compression demand, solid Q4 results, and a shift in how the market views the business. These changes are based on only minor adjustments to discount rate, revenue growth, profit margin, and future P/E assumptions in the valuation framework.Narrative Update • Apr 16
AROC: Compression Demand And Midstream Profile Support Future Cash Flow And Dividends
Archrock's analyst price target has increased to $39.67 from $38.44 as analysts factor in solid Q4 results, steady natural gas compression demand, and updated estimates that reflect a more midstream-like profile and the potential for sustained free cash flow generation. Analyst Commentary Recent research updates around Archrock cluster around a similar theme, with multiple bullish analysts lifting their price targets after Q4 results and revisiting how they value the business within the broader energy infrastructure space.Narrative Update • Apr 02
AROC: Compression Demand And Midstream Profile Will Support Future Dividends
Analysts have raised their Archrock price targets into the $39 to $42 range, citing solid Q4 results, steady natural gas compression demand, and what they view as supportive long term fundamentals for utilization, pricing, and horsepower additions. Analyst Commentary Recent research has largely focused on how Archrock's Q4 results and compression market backdrop feed into valuation, capital allocation, and growth execution.Narrative Update • Mar 19
AROC: Natural Gas Compression Strength And Midstream Profile Support Future Dividend And Buybacks
Analysts have raised the fair value estimate for Archrock from $36.67 to $38.44, citing a series of price target increases into the $39 to $42 range. They point to solid compression demand, supportive natural gas trends, and updated earnings estimates following the Q4 results.Narrative Update • Mar 03
AROC: Stronger Execution And Midstream Profile Will Support Stable Dividend Outlook
Analysts have lifted their average price target on Archrock from about $32 to roughly $37, citing stronger Q4 execution, improved profit margin assumptions, a higher future P/E multiple and what they see as continued healthy compression market fundamentals. Analyst Commentary Recent Street research has clustered around higher valuation ranges for Archrock, with several bullish analysts moving price targets into the high $30s to $40.Narrative Update • Feb 17
AROC: Stable Dividend And Slightly Lower Risk Profile Will Support Fair Outlook
Analysts have nudged their price target on Archrock higher to about $32.22 per share from roughly $31.78, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News Archrock's Board of Directors declared a quarterly dividend of $0.22 per share of common stock, which equals $0.88 per share on an annualized basis (Key Developments).Analysis Article • Feb 12
Earnings Not Telling The Story For Archrock, Inc. (NYSE:AROC) After Shares Rise 28%
Archrock, Inc. ( NYSE:AROC ) shares have continued their recent momentum with a 28% gain in the last month alone...Analysis Article • Feb 04
Archrock (NYSE:AROC) Has Announced That It Will Be Increasing Its Dividend To $0.22
Archrock, Inc. ( NYSE:AROC ) has announced that it will be increasing its dividend from last year's comparable payment...Narrative Update • Feb 02
AROC: Dividend Stability And Slightly Improved Outlook Will Support Fair Valuation
Analysts have nudged their price target for Archrock higher to about US$31.78 from roughly US$31.56. This reflects updated assumptions around discount rate, revenue growth, profit margin and future P/E that slightly lift their valuation view.Seeking Alpha • Feb 01
Archrock: Continuing The Growth Plan Keeps Future Valuations In Check
Summary Archrock (AROC) remains a BUY as built-in 2026 EBITDA growth and dividend raises support compelling value despite recent share price highs. Recent acquisitions and organic investments position AROC for a record 2026, with forward valuation resetting to 8.5x EBITDA and strong FCF generation. Natural gas compression demand, high utilization, and escalating rental rates underpin robust margins and ongoing growth capital deployment. Key risks include extended engine component lead times threaten organic growth, requiring creative equipment sourcing to sustain momentum. Read the full article on Seeking AlphaNarrative Update • Jan 19
AROC: Expanded Buybacks Will Drive Upside As 2025 Earnings Guidance Rises
Analysts have lifted their price target on Archrock to US$31.56 per share, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E levels. What's in the News Archrock raised full year 2025 earnings guidance, with net income now expected in a range of US$265,200,000 to US$280,200,000 (Key Developments).Narrative Update • Jan 05
AROC: Expanded Buybacks Will Support Upside As 2025 Earnings Guidance Rises
Analysts have adjusted their price target on Archrock to reflect updated assumptions around the discount rate and future P/E. The new target is now anchored near US$31.56 as they fine tune their valuation framework.Narrative Update • Dec 16
AROC: Expanded Buybacks And Higher 2025 Earnings Guidance Will Support Upside
Analysts have modestly increased their price target on Archrock to approximately $31.56 per share, citing slightly lower discount rate assumptions and a marginally reduced future price to earnings multiple. Together, these factors refine but do not materially alter their long term valuation outlook.Narrative Update • Dec 02
AROC: Expanded Buyback Program Will Fuel Continued Share Price Strength
Analysts have maintained their price target for Archrock at $31.56 per share, citing stable financial projections and only minimal adjustments to key valuation metrics. What's in the News Archrock repurchased 1,222,846 shares between July and October 2025, totaling $28.47 million.Narrative Update • Nov 18
AROC: Expanded Buyback Authorization And Earnings Outlook Will Drive Shares Higher
Analysts have maintained Archrock's fair value estimate at $31.56. Their largely unchanged forecast reflects stability in expected revenue growth and profitability metrics.Narrative Update • Nov 03
AROC: Expanded Buybacks And Raised Guidance Will Drive Future Upside
Analysts have raised their price target for Archrock from $30.89 to $31.56, citing updated outlooks on company performance and market conditions. What's in the News Archrock completed the repurchase of 1,222,846 shares between July 1, 2025 and October 29, 2025.Analysis Article • Aug 09
Archrock, Inc. Just Beat EPS By 5.9%: Here's What Analysts Think Will Happen Next
NYSE:AROC 1 Year Share Price vs Fair Value Explore Archrock's Fair Values from the Community and select yours A week...Analysis Article • Jul 29
Archrock (NYSE:AROC) Has Announced That It Will Be Increasing Its Dividend To $0.21
Archrock, Inc. ( NYSE:AROC ) will increase its dividend from last year's comparable payment on the 12th of August to...Analysis Article • Jul 22
Should You Be Adding Archrock (NYSE:AROC) To Your Watchlist Today?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Jul 04
Is There An Opportunity With Archrock, Inc.'s (NYSE:AROC) 38% Undervaluation?
Key Insights Archrock's estimated fair value is US$40.14 based on 2 Stage Free Cash Flow to Equity Archrock is...Analysis Article • May 29
These 4 Measures Indicate That Archrock (NYSE:AROC) Is Using Debt Extensively
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Seeking Alpha • Mar 04
Archrock: Emerging As A True Industry Leader
Summary The TOPS acquisition has been transformational for Archrock as demonstrated by over 40% gains in EPS in both Q4 and 2025 projections. The company has raised the dividend for two straight quarters and now yields 2.9%. LNG exports, electronification, and AI data centers are expected to increase market rates for compression equipment. AROC is also investing to grow its fleet by 5% in 2025. I maintain my BUY rating. Read the full article on Seeking AlphaSeeking Alpha • Feb 23
Archrock: Politics Overshadows Business
Summary Recession fears due to political factors may overshadow Archrock's prospects. The long-term outlook for natural gas is positive. The recent acquisition seemed promising initially, but unforeseen economic challenges now pose significant risks to the company's outlook. The likelihood of avoiding a recession (or worse) is diminishing, making the investment riskier. This is a very well-run company, with factors beyond the control of management changing the outlook. Read the full article on Seeking AlphaSeeking Alpha • Nov 17
Archrock: Steadily Improving Profitability Through Natural Gas Compression
Summary Q3 results showed a step change in gross margins from the company's baseline compressor fleet. The TOPS fleet should continue to push gross margin even higher in Q4, potentially reaching 70%. The natural gas growth thesis remains intact, giving the company a multi-year tail wind. Based on 2025 EBITDA projections, AROC appears undervalued for a highly contracted business and trades at less than 8.0x EV to EBITDA on a forward basis. I continue to rate AROC as a BUY. Read the full article on Seeking Alpha
New Narrative • Sep 04
Calculated Acquisitions And Market Dynamics Propel Energy Firm To New Heights
Investment in quality assets and focus on execution contribute to profitability by enhancing service offerings and operational efficiency.Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Archrock makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 1,516 | 322 | 156 | 0 |
| 31 Dec 25 | 1,490 | 319 | 148 | 0 |
| 30 Sep 25 | 1,439 | 264 | 153 | 0 |
| 30 Jun 25 | 1,349 | 230 | 150 | 0 |
| 31 Mar 25 | 1,236 | 201 | 145 | 0 |
| 31 Dec 24 | 1,158 | 170 | 139 | 0 |
| 30 Sep 24 | 1,091 | 143 | 130 | 0 |
| 30 Jun 24 | 1,052 | 137 | 124 | 0 |
| 31 Mar 24 | 1,029 | 127 | 122 | 0 |
| 31 Dec 23 | 990 | 103 | 117 | 0 |
| 30 Sep 23 | 950 | 81 | 115 | 0 |
| 30 Jun 23 | 910 | 65 | 117 | 0 |
| 31 Mar 23 | 878 | 57 | 116 | 0 |
| 31 Dec 22 | 846 | 43 | 117 | 0 |
| 30 Sep 22 | 822 | 38 | 113 | 0 |
| 30 Jun 22 | 803 | 32 | 111 | 0 |
| 31 Mar 22 | 783 | 24 | 110 | 0 |
| 31 Dec 21 | 781 | 27 | 107 | 0 |
| 30 Sep 21 | 786 | 26 | 107 | 0 |
| 30 Jun 21 | 796 | 35 | 97 | 0 |
| 31 Mar 21 | 821 | -4 | 100 | 0 |
| 31 Dec 20 | 875 | -70 | 105 | 0 |
| 30 Sep 20 | 922 | -29 | 109 | 0 |
| 30 Jun 20 | 961 | -27 | 119 | 0 |
| 31 Mar 20 | 979 | 15 | 119 | 0 |
| 31 Dec 19 | 965 | 96 | 118 | 0 |
| 30 Sep 19 | 953 | 63 | 108 | 0 |
| 30 Jun 19 | 940 | 53 | 105 | 0 |
| 31 Mar 19 | 929 | 44 | 103 | 0 |
| 31 Dec 18 | 904 | 20 | 102 | 0 |
| 30 Sep 18 | 880 | 55 | 110 | 0 |
| 30 Jun 18 | 846 | 35 | 112 | 0 |
| 31 Mar 18 | 817 | 26 | 110 | 0 |
| 31 Dec 17 | 795 | 18 | 109 | 0 |
| 30 Sep 17 | 780 | -67 | 107 | 0 |
| 30 Jun 17 | 777 | -67 | 103 | 0 |
| 31 Mar 17 | 784 | -65 | 107 | 0 |
| 31 Dec 16 | 807 | -55 | 116 | 0 |
| 30 Sep 16 | 855 | -155 | 123 | 0 |
| 30 Jun 16 | 908 | -165 | 132 | 0 |
| 31 Mar 16 | 959 | -166 | 134 | 0 |
| 31 Dec 15 | 998 | -167 | 132 | 0 |
| 30 Sep 15 | -390 | -97 | -54 | 0 |
| 30 Jun 15 | 85 | -61 | 8 | 0 |
Quality Earnings: AROC has high quality earnings.
Growing Profit Margin: AROC's current net profit margins (21.2%) are higher than last year (16.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: AROC has become profitable over the past 5 years, growing earnings by 52.4% per year.
Accelerating Growth: AROC's earnings growth over the past year (60.1%) exceeds its 5-year average (52.4% per year).
Earnings vs Industry: AROC earnings growth over the past year (60.1%) exceeded the Energy Services industry -26.6%.
Return on Equity
High ROE: Whilst AROC's Return on Equity (21.43%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/07 03:28 |
| End of Day Share Price | 2026/05/07 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Archrock, Inc. is covered by 20 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| James West | Barclays |
| Thomas Curran | B. Riley Securities, Inc. |
| William Frohnhoefer | BTIG |