Archrock Inc. (AROC) shares surged 8.49% in pre-market trading on Tuesday, following the company's release of record fourth quarter and full year 2024 results, driven by strong demand for its contract operations and robust aftermarket services performance. The stock rally was further fueled by Archrock's impressive 2025 guidance, reflecting sustained high utilization levels and a large backlog for new equipment orders.
For the fourth quarter, Archrock reported net income of $59.8 million, or $0.34 per share, compared to $33.0 million, or $0.21 per share, in the prior-year quarter. Adjusted net income, excluding one-time items, came in at $61.5 million, or $0.35 per share, surpassing analysts' estimates of $0.30 per share.
Archrock's revenue for the quarter grew 25.7% year-over-year to $326.4 million, driven by a 34% increase in contract operations revenue and strong aftermarket services performance. Adjusted EBITDA, a key profitability metric, rose 53% to $183.8 million, reflecting higher demand and improved operating efficiencies.