10-Q · May 6, 2026
Archrock, Inc. reported Q1 2026 results with revenue of $373.8 million and EPS of $0.42, both falling short of estimates of $378.2 million and $0.48, marking a revenue miss of 1.1% and an EPS miss of 12.5%. Segment…
Earnings analysis · 10-Q
AROC earnings analysis
Filed November 3, 2026 · Our reading of the company's report
The latest report
Archrock delivered a mixed quarter: adjusted EPS of $0.49 exceeded the $0.47 consensus estimate, while revenue of $370.811 million missed the $385.561 million estimate. Contract operations grew 1.5% year over year and…
Read full summary
Archrock delivered a mixed quarter: adjusted EPS of $0.49 exceeded the $0.47 consensus estimate, while revenue of $370.811 million missed the $385.561 million estimate. Contract operations grew 1.5% year over year and leverage improved to 2.5x, but aftermarket services revenue fell to $39.7 million from $56.2 million. Full-year 2026 Adjusted EBITDA guidance remained unchanged at $865 million to $885 million, offsetting the demand and revenue pressures.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.49
- Segment
- Contract operations revenue grew 1.5% year over year.
- Segment
- Aftermarket services revenue was $39.7 million, down from $56.2 million in the prior-year period.
What stood out
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Adjusted EPS beat consensus
Adjusted EPS was $0.49, exceeding the $0.47 consensus estimate by $0.02, or approximately 4.3%.
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Contract operations increased
Contract operations revenue grew 1.5% year over year, indicating continued expansion in the company’s core business.
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Leverage improved
Leverage improved to 2.5x, supporting balance-sheet flexibility and liquidity.
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EBITDA outlook reaffirmed
Management maintained full-year 2026 Adjusted EBITDA guidance of $865 million to $885 million.
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Controls remained effective
Disclosure controls were assessed as effective as of September 30, 2026, with no material changes to internal control over financial reporting during the quarter.
What to watch
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Revenue missed expectations
Revenue was $370.811 million, approximately $14.750 million below the $385.561 million consensus estimate, a shortfall of about 3.8%.
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Aftermarket demand weakened
Aftermarket services revenue declined to $39.7 million from $56.2 million, a decrease of $16.5 million, or approximately 29.4%, signaling weaker service demand.
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Variable-rate debt exposure
The company had $860.3 million of variable-rate indebtedness outstanding at a 5.5% weighted-average interest rate; a 1% rate increase would raise annual interest expense by $8.6 million.
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No new risk-factor updates
The filing states that there were no material changes or updates to the risk factors disclosed in the 2025 Form 10-K, so no newly identified risk mitigations are evident in this quarter’s filing.
Management's outlook
Full-year 2026 Adjusted EBITDA guidance was maintained at $865 million to $885 million; the filing does not provide numeric revenue or EPS guidance.
Earlier filings 4
10-K · February 26, 2026
Archrock (AROC) reports accelerating revenue and margin expansion through 2025 driven by its large midstream compression fleet and contract operations business. Revenue grew from approximately $1,157M in 2024 to $1,489M…
10-Q · October 29, 2025
Archrock reported a strong quarter driven by acquisitions and organic growth: revenue of $382,430,000 (up $90,269,000 or +30.9% vs. Q3 2024) and diluted EPS of $0.40 (vs. $0.22 in Q3 2024). Gross margin expanded…
10-Q · May 6, 2025
Archrock, Inc. reported strong results for Q1 2025 with revenue of $347.2 million, up 29.3% year-over-year, and diluted EPS of $0.42, surpassing analysts' expectations. The company witnessed solid growth in both…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.