Archrock closed a private offering of $800 million in senior notes, intended to reduce revolving credit borrowings.
Quiver AI Summary
Archrock, Inc. announced the successful closing of an $800 million private offering of 6.000% senior notes due 2034 by its subsidiary, Archrock Services, L.P. The funds from this offering will primarily be used to reduce outstanding borrowings under Archrock's revolving credit facility. The notes are being offered only to qualified institutional buyers and non-U.S. persons, and they have not been registered under the Securities Act, meaning they cannot be sold in the U.S. without proper registration. Archrock is a key player in providing natural gas compression services in the U.S., committed to safe and environmentally responsible practices in the energy infrastructure sector. The release also includes a disclaimer regarding forward-looking statements related to the company's future performance and potential risks involved.
Potential Positives
- Archrock successfully closed an $800 million private offering of senior notes, enhancing its financial position and liquidity.
- The net proceeds will be used to repay a portion of outstanding borrowings under Archrock’s revolving credit facility, potentially reducing interest costs and improving financial stability.
- The offering reflects Archrock's commitment to financing strategies that support its operations and growth in the midstream natural gas sector.
Potential Negatives
- The issuance of $800 million in senior notes may indicate significant leverage and raise concerns about the company's debt levels.
- The notes have not been registered under the Securities Act, limiting their marketability and potential investor interest.
- The forward-looking statements contain numerous uncertainties that could negatively impact future financial performance, reflecting potential volatility in the company's operations.
FAQ
What is the amount of senior notes issued by Archrock Services?
Archrock Services issued $800 million aggregate principal amount of 6.000% senior notes due 2034.
How will Archrock use the proceeds from the notes offering?
Archrock intends to use the net proceeds to repay a portion of outstanding borrowings under its revolving credit facility.
Who can purchase the senior notes offered by Archrock?
The notes are offered only to qualified institutional buyers and non-U.S. persons in transactions outside the United States.
What does Archrock do?
Archrock is an energy infrastructure company focused on midstream natural gas compression services throughout the U.S.
Where can I find more information about Archrock?
For more information, please visit Archrock's official website at www.archrock.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AROC Insider Trading Activity
$AROC insiders have traded $AROC stock on the open market 5 times in the past 6 months. Of those trades, 3 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $AROC stock by insiders over the last 6 months:
- ERIC W THODE (SENIOR VICE PRESIDENT) has made 0 purchases and 2 sales selling 50,740 shares for an estimated $1,257,933.
- JASON C REBROOK has made 3 purchases buying 25,000 shares for an estimated $602,945 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$AROC Revenue
$AROC had revenues of $382.4M in Q3 2025. This is an increase of 30.9% from the same period in the prior year.
You can track AROC financials on Quiver Quantitative's AROC stock page.
$AROC Hedge Fund Activity
We have seen 182 institutional investors add shares of $AROC stock to their portfolio, and 190 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 2,650,305 shares (+201.1%) to their portfolio in Q3 2025, for an estimated $69,729,524
- VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. added 2,349,875 shares (+inf%) to their portfolio in Q4 2025, for an estimated $61,143,747
- INVESCO LTD. removed 818,586 shares (-9.0%) from their portfolio in Q3 2025, for an estimated $21,536,997
- DRIEHAUS CAPITAL MANAGEMENT LLC removed 800,057 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $21,049,499
- HITE HEDGE ASSET MANAGEMENT LLC added 745,087 shares (+inf%) to their portfolio in Q3 2025, for an estimated $19,603,238
- ALGERT GLOBAL LLC removed 629,455 shares (-94.0%) from their portfolio in Q3 2025, for an estimated $16,560,961
- MILLENNIUM MANAGEMENT LLC added 611,773 shares (+43.8%) to their portfolio in Q3 2025, for an estimated $16,095,747
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$AROC Analyst Ratings
Wall Street analysts have issued reports on $AROC in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Evercore ISI Group issued a "Outperform" rating on 10/30/2025
- RBC Capital issued a "Outperform" rating on 10/30/2025
- Mizuho issued a "Outperform" rating on 08/29/2025
To track analyst ratings and price targets for $AROC, check out Quiver Quantitative's $AROC forecast page.
$AROC Price Targets
Multiple analysts have issued price targets for $AROC recently. We have seen 4 analysts offer price targets for $AROC in the last 6 months, with a median target of $32.0.
Here are some recent targets:
- Elvira Scotto from RBC Capital set a target price of $32.0 on 10/30/2025
- Durgesh Chopra from Evercore ISI Group set a target price of $35.0 on 10/30/2025
- Michael Blum from Wells Fargo set a target price of $30.0 on 09/03/2025
- Gabriel Moreen from Mizuho set a target price of $32.0 on 08/29/2025
Full Release
HOUSTON, Jan. 21, 2026 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock”) today announced the closing of the previously announced private offering by Archrock Services, L.P. (“Archrock Services”), a wholly-owned subsidiary of Archrock, of $800 million aggregate principal amount of 6.000% senior notes due 2034 (the “Notes”). Archrock Partners Finance Corp. (“Finance Corp.”), a wholly-owned subsidiary of Archrock Services, L.P., is the co-issuer of the Notes. Archrock intends to use the net proceeds from the offering of the Notes to repay a portion of the outstanding borrowings under Archrock’s revolving credit facility.
The Notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and the rules promulgated thereunder and applicable state securities laws. The Notes will be offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Archrock
Archrock is an energy infrastructure company with a primary focus on midstream natural gas compression and a commitment to helping its customers produce, compress and transport natural gas in a safe and environmentally responsible way. Headquartered in Houston, Texas, Archrock is a premier provider of natural gas compression services to customers in the energy industry throughout the U.S. and a leading supplier of aftermarket services to customers that own compression equipment. For more information on how Archrock embodies its purpose, WE POWER A CLEANER AMERICA, please visit www.archrock.com.
About Archrock Services
Archrock Services is a leading provider of natural gas compression services to customers in the oil and natural gas industry throughout the United States. Archrock owns all of the limited and general partnership interests in Archrock Services.
Forward-Looking Statements
All statements in this release (and oral statements made regarding the subjects of this release) other than historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors that could cause actual results to differ materially from such statements, many of which are outside Archrock or Archrock Services’ control. Forward-looking information includes, but is not limited to, statements regarding the intended use of net proceeds from the proposed offering.
While Archrock and Archrock Services believe that the assumptions concerning future events are reasonable, they caution that there are inherent difficulties in predicting certain important factors that could impact the future performance or results of its business. Among the factors that could cause results to differ materially from those indicated by such forward-looking statements are: local, regional and national economic conditions and the impact they may have on Archrock Services and its customers; conditions in the oil and gas industry, including the level of production of, demand for or price of oil or natural gas; changes in safety, health, environmental and other regulations; the financial condition of Archrock Services’ customers; the failure of any customer to perform its contractual obligations; and the performance of Archrock.
These forward-looking statements are also affected by the risk factors, forward-looking statements and challenges and uncertainties described in Archrock’s Annual Report on Form 10-K for the year ended December 31, 2024, Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, June 30, 2025, and September 30, 2025, and those reports set forth from time to time in Archrock’s filings with the Securities and Exchange Commission, which are available at www.archrock.com. Except as required by law, Archrock and Archrock Services expressly disclaim any intention or obligation to revise or update any forward-looking statements whether as a result of new information, future events or otherwise.
SOURCE: Archrock, Inc.
For information, contact:
Megan Repine
VP of Investor Relations
281-836-8360
[email protected]