Archrock Q3 Adjusted Earnings, Revenue Increase

MT Newswires Live11-12

Archrock (AROC) reported Q3 adjusted earnings late Monday of $0.28 per share, up from $0.20 a year earlier.

Three analysts polled by Capital IQ expected $0.29.

Revenue for the quarter ended Sept. 30 was $292.2 million, up from $253.4 million a year earlier.

Analysts surveyed by Capital IQ expected $286.2 million.

During the quarter ended Sept. 30, Archrock bought back 649,854 common shares at an average cost of $18.63 each, totaling around $12.1 million.

About $37.9 million remains available for buying back common shares through its current share repurchase program, according to the company.

Shares of Archrock were up nearly 4% in after-hours trading.

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