Archrock Inc.: 2Q Earnings Snapshot
HOUSTON (AP) _ Archrock Inc. (AROC) on Thursday reported second-quarter net income of $1.9 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Houston-based company said it had net income of 2 cents. Earnings, adjusted for costs related to mergers and acquisitions and to extinguish debt, were 8 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The natural gas compression services business posted revenue of $226.9 million in the period.
Archrock Inc. shares have increased 27 percent since the beginning of the year.