AROC - Archrock GAAP EPS of $0.11 misses by $0.01 revenue of $215.8M
- Archrock press release ( NYSE: AROC ): Q2 GAAP EPS of $0.11 misses by $0.01 .
- Revenue of $215.8M (+10.3% Y/Y).
- Net income for the second quarter of 2022 was $16.7 million compared to $8.8 million in the second quarter of 2021.
- Adjusted EBITDA (a non-GAAP measure defined below) for the second quarter of 2022 was $99.5 million compared to $87.0 million in the second quarter of 2021.
- Previously-declared quarterly dividend of $0.145 per common share for the second quarter of 2022 resulted in dividend coverage of 2.3x.
- Agreed to acquire for cash a 25% equity stake in Ecotec International Holdings, LLC (“ECOTEC”), a global leader in methane emissions monitoring and management; customer agreements in place to demonstrate ECOTEC’s proven technology in oil and gas applications this year.
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Archrock GAAP EPS of $0.11 misses by $0.01, revenue of $215.8M