Strong Performance Driven by Increased Demand and Efficient Operations
Archrock Inc. (AROC) delivered earnings and revenue surprises of 18.18% and 3.06%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
HOUSTON, April 30, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock”,” the “Company,” “we,” “us,” “our”) today reported results for the first quarter 2024. First Quarter 2024 Highlights Revenue for the first quarter of 2024 was $268.5 million compared to $229.8 million in the first quarter of 2023.Net income for the first quarter of 2024 was $40.5 million compared to $16.5 million in the first quarter of 2023.Adjusted EBITDA (a non-GAAP measure defined below) for the first quarter