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Archrock Inc.

Company Summary

Description

Archrock, Inc. (NYSE:AROC) is a pure-play U.S. natural gas contract compression services business. Archrock, Inc. holds interests in Archrock Partners, L.P. (NASDAQ: APLP), a master limited partnership and the leading provider of natural gas compression services to customers in the oil and natural gas industry throughout the United States.

Website

http://www.archrock.com/aboutus

Operational Regions

  • United States

Recent news

  • 2/24/2023 - Archrock Reports 4Q22... (subscriber access)
  • 11/3/2022 - Archrock and Enervest... (subscriber access)
  • 12/18/2020 - Archrock Closes on... (subscriber access)
  • 12/15/2020 - Archrock Upsizes... (subscriber access)
  • 6/24/2019 - Archrock Reports... (subscriber access)

Investor Presentations

Company Transactions

Date: 9/30/2019
Type: Acquisition

BUYERS:
  • Archrock Inc.
    • SELLERS:
  • Elite Compression Services
    • DETAILS:

    COST: 410 $MM

    NOTES:
    Archrock entered into a definitive agreement to acquire substantially all assets of Elite Compression Services, including 430,000 of primarily large horsepower compression assets, for $410 million.

    Date: 9/30/2019
    Type: Acquisition

    BUYERS:
  • Harvest Midstream Company
    • SELLERS:
  • Archrock Inc.
    • DETAILS:

    COST: 30 $MM

    NOTES:
    Harvest Midstream will acquire roughly 80,000 active and idle compression horsepower from Archrock for $30 million.

    Date: 4/15/2018
    Type: Merger

    BUYERS:
  • Archrock Inc.
    • SELLERS:
  • Archrock Partners
    • DETAILS:

    COST: 607 $MM

    NOTES:
    Archrock. Inc. reported that they will be acquiring all outstanding common units of Archrock Partners which are not already owned under a definitive merger agreement.