Archrock Increases Quarterly Cash Dividend
27 Julho 2023 - 5:05PM
Archrock, Inc. (NYSE: AROC) (“Archrock”) today announced that its
Board of Directors has declared an increased quarterly dividend of
$0.155 per share of common stock, or $0.62 per share on an
annualized basis. The second quarter 2023 dividend will be paid on
August 15, 2023 to all stockholders of record on August 8, 2023.
The second quarter 2023 dividend per share
amount represents an increase of 3 percent over the Archrock first
quarter 2023 dividend level and an increase of 7 percent over the
second quarter 2022 dividend level.
“Archrock remains committed to creating long
term value and returning capital to our shareholders, including
through a competitive, growing and well-covered dividend.
Consistent with this strategy, I am pleased to announce that we are
raising our divided for the second time in 2023. We look forward to
updating you on our year to date progress and capital allocation
capabilities on our second quarter 2023 earnings call next week,”
said Brad Childers, Archrock’s President and Chief Executive
Officer.
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 the
leading 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 the Company embodies its
purpose, WE POWER A CLEANER AMERICATM,
visit www.archrock.com.
Forward-Looking Statements
This press release contains forward-looking
statements, which include statements about Archrock’s future
financial performance and dividends. These statements are not
guarantees of future performance or actions. Forward-looking
statements rely on a number of assumptions concerning future events
and are subject to risks and uncertainties. If one or more of these
risks or uncertainties materialize, actual results may differ
materially from those contemplated by a forward-looking statement.
Forward-looking statements speak only as of the date on which they
are made. Archrock expressly disclaims any obligation to update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise. A further list and
description of risks, uncertainties and other matters can be found
in Archrock’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2022, Archrock’s Quarterly Report on Form 10-Q for the
quarter ended March 31, 2023 and as set forth from time to time in
Archrock’s filings with the Securities and Exchange Commission.
These filings are available online at www.sec.gov and
www.archrock.com.
For information, contact:
Megan RepineVice President, Investor
Relations(281) 836-8360investor.relations@archrock.com
Archrock (NYSE:AROC)
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