Archrock, Inc. (AROC) Earnings
Archrock, Inc. is expected to report next earnings on August 3, 2026 (in NaN days), with a consensus EPS estimate of $0.47. AROC has beaten EPS estimates in 7 of its last 12 reported quarters (average surprise +20.6% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $0.47 | $0.42 | -10.6% | $374M | -1.2% |
| Feb 25, 2026 | $0.40 | $0.69 | +72.5% | $377M | -2.1% |
| Oct 28, 2025 | $0.41 | $0.42 | +2.4% | $382M | +1.2% |
| Apr 30, 2024 | $0.22 | $0.26 | +18.2% | $268M | +0.0% |
| Feb 20, 2024 | $0.21 | $0.21 | +0.0% | $260M | +2.2% |
| Nov 1, 2023 | $0.19 | $0.20 | +5.3% | $253M | +0.5% |
| May 2, 2023 | $0.12 | $0.10 | -16.7% | $230M | -3.9% |
| Feb 21, 2023 | $0.07 | $0.08 | +14.3% | $219M | +2.6% |
| Nov 2, 2022 | $0.04 | $0.10 | +150.0% | $214M | -0.5% |
| Aug 2, 2022 | $0.12 | $0.11 | -8.3% | $216M | +4.7% |
| Feb 22, 2022 | $0.07 | $0.09 | +28.6% | $195M | +1.0% |
| Jul 29, 2021 | $0.06 | $0.06 | +0.0% | $196M | -3.3% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 6, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Permian gas growth expected with mid-single-digit gas growth supported by rising gas-to-oil ratios and new takeaway. Geopolitical risk in Middle East reinforces strategic value of U.S. supply. • Contract operations had outstanding performance with 95% fleet utilization, 4.5 million operating horsepower, and monthly revenue per horsepower moving higher. • Aftermarket services performance solid in Q1 despite seasonal slowdown, delivering strong profitability. • Capital allocation: Disciplined, returns-focused, with $250 to $275 million growth capital plan for fleet investment, reaffirmed dividend of 22 cents per share up 16% y-o-y, and $113 million remaining share repurchase authorization.
Guidance
• Reaffirmed full-year 2026 adjusted EBITDA guidance of $865 to $915 million. • Contract operations outlook reflects year-over-year growth in horsepower, revenue, and profitability. • Aftermarket services expected to have strong revenue and profitability. • Leverage ratio at quarter end was 2.6 times, operating below target of three times. • Dividend of 22 cents per share declared, consistent with prior quarter, with robust coverage.
Segment performance
Contract operations: Q1 2026 revenue was $331 million, up 10% y-o-y driven by horsepower growth and higher pricing. Operating horsepower at quarter end was 4.53 million, up ~250,000 y-o-y. Adjusted gross margin percentage was 72%. Aftermarket services: Q1 2026 revenue was $43 million, seasonally slower but delivered strong profitability with adjusted gross margin percentage of 23%, consistent with guidance range.
Risks & headwinds
• Geopolitical risk in Middle East, including Iran-related volatility, could impact global LNG fundamentals. • Tight supply chain for CAT equipment, extending lead times, which could affect equipment delivery and deployment. • Oil price headwinds in back half of year, with lag time in passing on lube oil cost increases to customers.
Analyst Q&A
Q: Asked about guidance not being raised despite underlying business performance exceeding basis, and CAT equipment lead time.
A: Guidance not raised as it feels early in the year, and CAT lead times extend with market coiled for growth.
Q: Asked about color on multiple years ahead and customer equipment needs.
A: Working closely with customers, using strong balance sheet to place orders and ensure equipment availability.
Q: Asked about price trending and horsepower deployment.
A: Pricing showing strength, revenue per horsepower growing, horsepower deliveries expected to grow with back-half weighting.
Q: Asked about oil price headwinds and asset sales.
A: Expect oil price headwinds in back half, mitigating through cost management; asset sales part of disciplined program to optimize fleet.
Q: Asked about opportunities outside Permian and unit sizes.
A: Opportunities spread geographically, unit sizes more diverse in electric motor drives.
Q: Asked about procurement strategy and cash flow with long lead times.
A: Aligned with packagers, cash flow effective with unit revenue recognized soon after capital outlay.
Q: Asked about inorganic growth and market balance.
A: Well-positioned for inorganic growth but disciplined; see potential bottlenecks in supply chain.
Q: Asked about maintenance and other capex.
A: Incremental uptick in maintenance CapEx due to timing of horsepower addition, other CapEx timing related to fleet growth.