Archrock
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Archrock (AROC) investor relations material

Archrock Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary25 Feb, 2026

Executive summary

  • Achieved significant growth in 2025, with adjusted EBITDA reaching $901 million, exceeding guidance midpoint after two upward revisions and supported by operational improvements and asset sale gains.

  • Net income for 2025 was $322.3 million, with adjusted EPS up 68% year-over-year.

  • Returned $212 million to shareholders via dividends and buybacks, a 70%+ increase year-over-year.

  • Maintained high fleet utilization (95%+) for 11 consecutive quarters, reflecting robust demand and operational excellence.

  • Completed a second accretive acquisition in 18 months and executed $192 million in asset sales, redeploying proceeds into high-return investments.

Financial highlights

  • Q4 2025 net income: $117 million; full-year net income: $322.3 million.

  • Q4 adjusted EBITDA: $269 million; full-year adjusted EBITDA: $901 million (or $846 million excluding one-time items).

  • Q4 contract operations revenue: $327 million; aftermarket services revenue: $50 million.

  • Q4 contract operations adjusted gross margin: 78% (71.5% underlying, with 6.5% from prior period tax settlements/credits).

  • Year-end total debt: $2.41 billion; available liquidity: $579 million.

Outlook and guidance

  • 2026 adjusted EBITDA guidance: $865–$915 million (midpoint $890 million); net income guidance: $306–$356 million.

  • 2026 growth CapEx: $250–$275 million; maintenance CapEx: $125–$135 million.

  • Cash available for dividend in 2026 projected at $572–$602 million.

  • Expect to add ~170,000 horsepower in 2026, with 60% delivered in H1.

  • Dividend increased to $0.22/share in Q4 2025, up 16% year-over-year.

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Frequently asked questions

Archrock Inc. is a leading provider of natural gas compression services to the energy industry. The company specializes in the operation, maintenance, and leasing of natural gas compression equipment, which is essential for transporting and processing natural gas from production sites to end users. Archrock’s services support upstream, midstream, and downstream operations, ensuring efficient and reliable gas flow. Archrock is headquartered in Houston, Texas, and its shares are listed on the NYSE.

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