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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.