Archrock, Inc. reported its financial results for the third quarter of 2026 on November 2, 2026. The company reported revenue of $370.8 million for the quarter, a decrease from $382.4 million in the same period the previous year. Despite the revenue decline, net income rose to $84.5 million, up from $71.2 million in Q3 2025. Earnings per share (EPS) increased to $0.48 from $0.40 in the prior year.
On a non-GAAP basis, Archrock reported adjusted net income of $84.7 million and adjusted EPS of $0.49. Adjusted EBITDA for the quarter was $228.4 million, compared to $220.9 million in the prior year. The company’s adjusted gross margin for contract operations was $238.7 million, representing a 72% margin, a slight decrease from the 73% margin reported in the prior year.
Archrock declared a quarterly dividend of $0.23 per common share for the third quarter of 2026. This represents an increase of approximately 10% compared to the dividend paid in the third quarter of 2025. The dividend will be paid on November 10, 2026, to stockholders of record as of the close of business on November 3, 2026. The company also reported a leverage ratio of 2.5x as of September 30, 2026, down from 3.1x as of September 30, 2025.
Segment performance varied between the company's contract operations and aftermarket services. Contract operations revenue increased by 1.5% year-over-year to $331.2 million. Conversely, aftermarket services revenue decreased to $39.7 million from $56.2 million in the prior year, attributed to reduced customer demand for maintenance and lower parts sales.
Archrock reaffirmed its full-year 2026 Adjusted EBITDA guidance, maintaining a range of $865 million to $885 million. The company noted that while customer maintenance deferrals and higher lube oil prices created headwinds, underlying demand fundamentals remain strong.
