Archrock Inc (NYSE: AROC) is a natural gas compression services company that provides contract operations for oil and gas producers and midstream operators. It makes money by owning, operating, and maintaining compression equipment on behalf of customers under service agreements, charging recurring fees tied to installed horsepower. Archrock sold certain contract operations customer service agreements, compressors, and other assets to Flowco in a transaction completed August 1, 2025, reflecting an ongoing portfolio reshaping. The company had $500.0 million of 6.875% senior notes due April 2027 outstanding, of which $300.0 million was redeemed in November 2025 and $200.0 million was subject to a tender offer, indicating a debt-heavy capital structure as of FY2025. A July 2024 equity offering raised proceeds through the sale of approximately 12.7 million shares of common stock. Hilcorp Energy Company is named as a customer in the FY2025 10-K filing.

Revenue model

Recurring service fees charged under contract operations agreements, based on compression equipment owned and operated by Archrock at customer sites. Revenue is contractual and tied to installed horsepower under multi-year service agreements.

Products and services

Natural gas compression contract operations services. Archrock owns and operates compression equipment at customer facilities. The company also developed a natural gas liquid recovery technology through ColdStream, branded as a patented solution capable of capturing natural gas liquids and delivering lean dry fuel gas to compressor station engines.

Customers and end markets

Oil and gas producers and midstream operators requiring natural gas compression along the production and gathering value chain. Hilcorp Energy Company is a named customer in the FY2025 10-K. End market is U.S. natural gas production, gathering, and transportation.

Value-chain role

Contract operations service provider. Archrock sits between equipment manufacturers and oil and gas operators, owning the compression assets and delivering compression-as-a-service rather than selling equipment outright.

Geographic exposure

United States. No international operations are supported by the filing excerpts provided.

Source: SEC 10-K, filed 2026-02-26

Industry: Natural Gas Transmission Peers: NEXTIER OILFIELD SOLUTIONS INC. Liberty Energy Inc ProPetro Holding Corp RPC Inc SLB NV Tidewater Inc U.S. SILICA HOLDINGS, INC. USA Compression Partners LP Weatherford International PLC