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HOUSTON - Archrock, Inc. (NYSE:AROC), a Houston-based energy infrastructure firm with a market capitalization of $4.2 billion, has declared a quarterly dividend of $0.19 per share, maintaining the same payout as the previous quarter. This announcement came today, with the dividend set to be distributed on May 13, 2025, to shareholders recorded by May 6, 2025.
The company highlighted that the dividend for the first quarter of 2025 reflects a 15 percent increase from the first quarter of 2024, maintaining its 12-year streak of consistent dividend payments with a current yield of 3.27%. Archrock specializes in midstream natural gas compression services and aftermarket services for compression equipment owners across the United States. The company emphasizes its role in supporting cleaner energy production and transportation, having achieved 16.9% revenue growth over the last twelve months.
Archrock’s forward-looking statements in the press release indicate expectations for future financial performance and continued dividend payments. However, these projections are subject to various risks and uncertainties that could impact actual results. The company’s filings with the Securities and Exchange Commission, which provide further details on potential risks, are publicly accessible.
This dividend declaration is based on a press release statement from Archrock and has not been independently verified. Investors are encouraged to consult the company’s SEC filings for a comprehensive understanding of associated risks and company performance.
In other recent news, Archrock has made significant strides in its financial and operational landscape. The company reported a robust fourth-quarter 2024 performance, with an Adjusted EBITDA of $184 million, exceeding both Stifel’s forecast and the consensus estimate. Archrock’s cash available for dividend also surpassed expectations, reaching $118.1 million. The company announced a dividend per share of $0.190, marking an increase from previous quarters. In a strategic move, Archrock is set to acquire Natural Gas Compression Systems (NGCS) for $357 million, a deal expected to enhance its operations and expand its footprint, particularly in the Permian Basin. This acquisition is anticipated to be immediately accretive to earnings per share and cash available for dividend per share by the end of 2025. Analyst firms have adjusted their price targets for Archrock, with Citi and RBC Capital raising theirs to $33, while Mizuho revised it to $31. These changes reflect a mix of optimism about Archrock’s growth potential and caution regarding future demand and pricing dynamics in the natural gas compression sector. Archrock’s strategic focus on capital expenditures and mergers is expected to support its growth trajectory in the coming years.
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