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Archrock, Inc. logo

Archrock, Inc.

archrock.com

What Do They Do?

Provides natural-gas compression services to energy producers and transporters, and sells parts and maintenance services to owners of compression equipment.

How Do They Make Money?

Customers pay a fixed monthly fee for contract compression, generally based on horsepower; billable maintenance is paid when service is complete and accepted. Aftermarket customers pay for parts on delivery and for maintenance and overhaul work through monthly fees, quoted fees or time-and-materials charges.

revenue
SegmentShareRevenue
Contract operations
Recurring

85%
FY2022: 80%
Aftermarket services
15%
FY2022: 20%

Who Are Their Customers?

Oil and natural gas producers, processors, gatherers and transporters use Archrock’s compression services; owners of compression equipment also buy parts, maintenance and overhauls. Sales and field-service staff regularly visit customers to understand their needs and assess new compression applications.

Do Revenues Turn Into Profits?

Yes. It kept 22 cents of every revenue dollar as net income in FY2025 and turned 8 cents into free cash flow.

Operating income, FY2025
39% of revenue
▲ +57% vs FY2024 ($366.8M, 32%)
Net income, FY2025
22% of revenue
▲ +87% vs FY2024 ($172.2M, 15%)
Free cash flow, FY2025
8% of revenue
▲ +70% vs FY2024 ($70.6M, 6%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▼ −3%
vs $383.2M in Q2 FY2025
Net income
▲ +5%
vs $63.4M in Q2 FY2025
Contract operations share of revenue vs 83.1% in Q2 FY2025
  • Aug 5, 2026 Narrowed full-year earnings guidance The forecast range narrowed to $865 million–$885 million from $865 million–$915 million.
  • Jun 25, 2026 Appointed a new chief financial officer Mohit Singh was appointed to succeed Douglas S. Aron, effective July 6.
  • Mar 26, 2026 Chief financial officer announced plans to retire Douglas S. Aron said he intended to retire by year-end or when a successor was named.

Growing. Revenue grew 91% in 4 years, from $781.5M in FY2021 to $1.5B in FY2025, about 18% a year.

Revenue over time
Contract operations Aftermarket services
$2B$1B$0

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