AROC earnings analysis
What we found in AROC's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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 performance showed growth in contract operations while aftermarket services declined. Despite these challenges, adjusted gross margin increased thanks to improved operating efficiencies in the contract operations segment.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth in Contract Operations
- Contract operations revenue increased to $330.9 million from $300.4 million, a growth of $30.5 million year-over-year.
- Net Income Increase
- Net income rose to $73.8 million, compared to $70.9 million in Q1 2025.
- Higher Adjusted Gross Margin
- Adjusted gross margin expanded to $247.4 million from $222.1 million year-over-year.
- Operating Cash Flow Improvement
- Net cash provided by operating activities increased significantly to $185.9 million from $115.6 million in Q1 2025.
- Dividend Consistency Maintained
- Quarterly dividend of $0.22 per share was declared on April 30, 2026, consistent with prior payments.
- Reduction in Capital Expenditures
- Growth capital expenditures decreased to $64.9 million from $139.4 million in Q1 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Revenue Below Expectations
- Actual revenue was $373.8 million, missing estimates of $378.2 million by 1.1%.
- EPS Shortfall
- Earnings per share came in at $0.42, below the $0.48 consensus estimate, a miss of 12.5%.
- Increased SG&A Costs
- Selling, general, and administrative expenses rose to $45.2 million from $37.2 million, indicating higher operating costs.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.42
- Segment
- Contract Operations
- Segment
- Aftermarket Services
What they said about what is next.
Adjusted EBITDA guidance remains unchanged at $865 million to $915 million for 2026.
The filing reads worse than the one before it.
What came before.
- 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…
- 10-Q · November 12, 2024
- Archrock reported a solid quarter with revenue of $292,161 (in thousands) and diluted EPS of $0.22 for the three months ended September 30, 2024, both up versus the prior-year quarter. Contract operations and…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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