Archrock Reports Q4 and Full Year 2024 Financial Results
HOUSTON, Feb. 24, 2025 – Archrock, Inc. (NYSE: AROC), a leading provider of natural gas compression, production, and equipment services, announced its financial results for the fourth quarter and full year 2024. The company reported strong revenue growth and improved profitability, driven by increased demand for its services in the natural gas industry.
Fourth Quarter 2024 Highlights
For the fourth quarter, Archrock reported revenue of $525 million, a 13% increase compared to the same period in 2023. Net income was $82 million, or $0.43 per diluted share, compared to a net loss of $11 million, or $0.05 per diluted share, in the fourth quarter of 2023. Adjusted EBITDA was $128 million, a 21% increase from the fourth quarter of 2023.
Full Year 2024 Results
For the full year 2024, Archrock reported revenue of $2.1 billion, a 10% increase compared to 2023. Net income was $271 million, or $1.31 per diluted share, compared to a net loss of $27 million, or $0.13 per diluted share, in 2023. Adjusted EBITDA was $473 million, a 16% increase from 2023.
Impact on Consumers
The strong financial performance of Archrock is a positive sign for the natural gas industry and consumers. With increased revenue and profitability, Archrock is well-positioned to continue investing in its business and expanding its services. This could lead to more efficient natural gas production and transportation, potentially resulting in lower prices for consumers over the long term.
- Increased efficiency in natural gas production and transportation
- Potential for lower natural gas prices for consumers
Impact on the World
The natural gas industry plays a crucial role in the global energy mix, providing approximately 25% of the world’s primary energy consumption. Archrock’s strong financial results are a positive sign for the industry’s ability to meet growing demand, particularly in developing countries. Additionally, natural gas is a cleaner-burning alternative to coal and oil, making it an important part of the transition to a lower-carbon energy future.
- Meeting growing demand for natural gas globally
- Contributing to a lower-carbon energy future
Conclusion
Archrock’s strong fourth quarter and full year 2024 financial results are a positive sign for the natural gas industry and consumers. With increased revenue and profitability, Archrock is well-positioned to continue investing in its business and expanding its services, potentially leading to more efficient natural gas production and transportation and lower prices for consumers. Additionally, the natural gas industry’s ability to meet growing demand and contribute to a lower-carbon energy future is an important factor in the global energy transition.
Archrock’s success is just one example of the many companies driving innovation and growth in the natural gas industry. As the world continues to transition to a lower-carbon energy future, natural gas will play a crucial role in meeting energy demand while reducing greenhouse gas emissions. Archrock’s financial performance is a promising sign that the industry is up to the challenge.
Archrock’s results also highlight the importance of investing in energy infrastructure and innovation. By continuing to invest in new technologies and improving the efficiency of existing infrastructure, the natural gas industry can reduce its environmental footprint and provide affordable and reliable energy to consumers around the world.
In conclusion, Archrock’s strong financial performance is a positive sign for the natural gas industry and consumers. With continued investment in innovation and infrastructure, the industry can meet growing demand, reduce its environmental footprint, and contribute to a lower-carbon energy future.
Archrock, Inc. (NYSE: AROC)
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