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EXTN - Archrock Stock Offers Good Dividend But Little Growth
Exterran Corporation
$1.3 billion market cap contract gas compression company Archrock offers a good dividend of 6.9% but is not benefiting from the oilfield services sector improvement as much as others.
Archrock is upgrading its compressor fleet, including expanding its electric motor-drive horsepower, a decarbonization benefit for the company and its customers.
AROC has completed almost $250 million in strategic divestments over the last three years.