RBC Capital Upgrades Archrock (AROC) to Sector Perform
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Archrock Partners Announces Second-Quarter 2016 Financial Results
August 4, 2016 6:05 AM EDTHOUSTON--(BUSINESS WIRE)-- Archrock Partners, L.P. (NASDAQ: APLP) today reported net income of $3.3 million for the second quarter of 2016, compared to net income of $0.5 million for the first quarter of 2016 and net income of $22.3 million for the second quarter of 2015. EBITDA, as adjusted (as defined below), was $71.2 million for the second quarter of 2016, compared to $69.4 million for the first quarter of 2016 and $83.2 million for the second quarter of 2015. Gross margin in the quarter was $90.7 million, or 65% of revenue in the second quarter of 2016, compared to $93.6 million, or 62% of revenue, in the first quarter of... More
Archrock Provides Operational Update for Second-Quarter 2016
August 4, 2016 6:00 AM EDTHOUSTON--(BUSINESS WIRE)-- Archrock, Inc. (NYSE: AROC) today reported a net loss from continuing operations of $2.4 million in the second quarter of 2016 compared to $6.7 million in the first quarter of 2016 and net income from continuing operations of $4.3 million in the second quarter of 2015. Net loss attributable to Archrock stockholders was $4.5 million in the second quarter of 2016 as compared to a net loss of $1.8 million in the first quarter of 2016. EBITDA, as adjusted (as defined below), was $83.5 million in the second quarter of 2016, as compared to $79.8 million in the first quarter of 2016.
Contract... More
