Archrock (AROC) Misses Q4 EPS by 3c

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Archrock Reports Fourth Quarter and Full Year 2023 Results and Provides 2024 Guidance

February 20, 2024 4:40 PM EST

HOUSTON, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (Archrock) today reported results for the fourth quarter and full year 2023 and provided 2024 guidance.

Fourth Quarter and Full Year 2023 Highlights

Revenue for the fourth quarter of 2023 was $259.6 million compared to $218.9 million in the fourth quarter of 2022. Revenue for 2023 was $990.3 million compared to $845.6 million in 2022.Net income for the fourth quarter of 2023 was $33.0 million compared to $10.5 million in the fourth quarter of 2022. Net income for 2023 was $105.0 million compared to $44.3... More