Archrock (AROC) Misses Q1 EPS by 6c
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Archrock, Inc. Reports First Quarter 2018 Results
May 3, 2018 6:02 AM EDTHOUSTON, May 03, 2018 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) today reported net income of $2.1 million in the first quarter of 2018, compared to net income of $49.1 million in the fourth quarter of 2017 and a net loss of $14.0 million in the first quarter of 2017. The fourth quarter of 2017 included an income tax benefit of $53.4 million from the Tax Cuts and Jobs Act.
EBITDA, as adjusted (as defined below), was $78.7 million for the first quarter 2018, compared to $71.9 million for the fourth quarter of 2017 and $65.4 million for the first quarter of 2017.
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