AROC - Archrock GAAP EPS of $0.07 in-line revenue of $218.87M beats by $5.6M
- Archrock press release ( NYSE: AROC ): Q4 GAAP EPS of $0.07 in-line.
- Revenue of $218.87M (+12.1% Y/Y) beats by $5.6M .
- Adjusted EBITDA (a non-GAAP measure defined below) for the fourth quarter of 2022 was $89.0 million compared to $83.5 million in the fourth quarter of 2021. Adjusted EBITDA for 2022 was $363.3 million compared to $360.8 million in 2021.
- Declared a quarterly dividend of $0.15 per common share for the fourth quarter of 2022, an increase of 3 percent over the third quarter 2022 level. Dividend coverage for 2022 was 1.9x compared to 2.2x in 2021.
- Achieved record period-end utilization of 93% for the fourth quarter of 2022 compared to 84% in the fourth quarter of 2022.
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Archrock GAAP EPS of $0.07 in-line, revenue of $218.87M beats by $5.6M