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Archrock Reports First Quarter 2021 Results

Archrock Reports First Quarter 2021 Results
April 29, 2021 18:06 ET
| Source:
Archrock
Archrock
Houston, Texas, UNITED STATES
HOUSTON, April 29, 2021 (GLOBE NEWSWIRE) Archrock, Inc. (NYSE: AROC) (“Archrock”) today reported results for the first quarter of 2021.
First Quarter 2021 Financial Results
Revenue for the first quarter of 2021 was $195.4 million compared to $249.7 million in the first quarter of 2020.
Net income for the first quarter of 2021 was $4.2 million compared to net loss of $61.2 million in the first quarter of 2020.
Adjusted EBITDA (a non-GAAP measure defined below) for the first quarter of 2021 was $97.9 million compared to $112.9 million in the first quarter of 2020.
Previously declared quarterly dividend of $0.145 per common share for the first quarter of 2021 resulted in dividend coverage of 2.8x. ....

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Archrock Reports First Quarter 2021 Results

Archrock Reports First Quarter 2021 Results
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