Archrock Inc.: Archrock Acquisition of Elite Compression
Archrock to acquire Elite Compression Services, including approximately 430,000 of primarily large compression horsepower1 for total consideration of approximately $410 million Approximately $55 million of annualized adjusted EBITDA2, including $5 million in expected synergies In conjunction with the transaction, Archrock to sell approximately 80,000 active and idle non-core compression horsepower …
Archrock Appoints Doug Aron As Senior Vice President And Chief Financial Officer
Archrock, Inc. have announced that Douglas S. Aron has been appointed Senior Vice President and Chief Financial Officer, effective August 13, 2018. Mr. Aron, 44, brings extensive energy industry experience, previously serving in various senior roles at HollyFrontier Corporation and its predecessors for more than 15 years, including as Executive Vice President and Chief Financial …
Archrock: 2015 Results – Strong Operating Margins, EBITDA Up
Archrock, Inc. today reported EBITDA, as adjusted (as defined below), of $86.0 million for the fourth quarter 2015, as compared to $90.7 million for the third quarter 2015 and $92.4 million for the fourth quarter 2014. Full-year 2015 EBITDA, as adjusted, of $373.2 million, up from $330.1 million in 2014 …
Archrock: Appoints Wendell Brooks to the Board
Archrock, Inc. (NYSE: AROC) today announced that Wendell R. Brooks has been appointed to its board of directors. Brooks is the former President of Production & Infrastructure and Executive Vice President at Forum Energy Technologies, Inc., a global oilfield products company serving the subsea, drilling, completion, production and infrastructure sectors …
Archrock: Completes Exterran Spin Off
Archrock, Inc. (NYSE:AROC) today announced the completion of the previously announced spin-off of the international services and global fabrication businesses of Exterran Holdings, Inc. into a new, publicly traded company, Exterran Corporation, through the distribution of all the shares of Exterran Corporation common stock to the holders of Exterran Holdings …
Exterran: Q3 Results and Archrock Dividend
Exterran Holdings, Inc. and Exterran Partners, L.P. announced today certain preliminary third-quarter 2015 financial results. The preliminary results announced by Exterran Holdings are those generated by the businesses it will retain after completion of the previously announced separation as well as the businesses it intends to distribute. – Exterran Holdings, …
Exterran: Sets Archrock Spin Off Date
Exterran Holdings, Inc. announced today that its board of directors has set a record date and a distribution date for the spin-off of its international services and global fabrication businesses into a stand-alone, publicly traded company named Exterran Corporation. Exterran Corporation has applied to list its common stock on the …
Exterran: Spin Off to Exterran Corporation and Archrock Inc to Proceed with New Financing
Exterran Holdings, Inc. announced today an update to the planned financing in connection with its previously announced separation. In November 2014, Exterran Holdings announced that it intends to separate its international contract operations, international aftermarket services and global fabrication businesses into a standalone, publicly traded company named Exterran Corporation. Upon …
Exterran: US Company to be Called Archrock Partners
Exterran and Exterran Partners are pleased to announce the future name of the market leader in U.S. natural gas contract compression services: Archrock. – After completion of Exterran’s separation transaction, the U.S. compression services company will be called “Archrock” – Non-U.S. contract operations, non-U.S. aftermarket services and global product lines …