Archrock, Inc. reported its financial results for the second quarter of 2026, revealing total revenue of $371.2 million, a decrease from $383.2 million in the same period last year. The decline was primarily attributed to a significant drop in revenue from the aftermarket services segment, which fell by 35% to $42.0 million, while contract operations revenue increased by 3% to $329.3 million. For the first half of 2026, total revenue rose to $745.0 million, up from $730.3 million in the prior year, driven by a 7% increase in contract operations revenue.
Net income for the second quarter was $66.7 million, compared to $63.4 million in the same quarter of 2025, reflecting a 4% increase. This growth was supported by higher adjusted gross margins in the contract operations segment and reductions in long-lived asset impairments and transaction-related costs. For the six months ended June 30, 2026, net income reached $140.5 million, up from $134.3 million in the previous year, again largely due to improved performance in contract operations.
In terms of operational developments, Archrock completed the acquisition of Natural Gas Compression Systems (NGCS) on May 1, 2025, which added approximately 326,000 horsepower to its fleet. This acquisition contributed to the revenue growth in the contract operations segment. The company also executed a significant redemption of its 2028 Notes in April 2026, repurchasing $800 million at par, which resulted in a debt extinguishment gain of $0.7 million. Additionally, Archrock's total assets increased to $4.44 billion as of June 30, 2026, up from $4.35 billion at the end of 2025.
Archrock's operational metrics showed a total available horsepower of 4,784 thousand at the end of the second quarter, with an average operating horsepower of 4,535 thousand. The company reported a utilization rate of 94% for its horsepower, consistent with the previous year. The workforce remained stable, with no significant changes in employee headcount reported. Looking ahead, Archrock anticipates continued growth in its contract operations segment, although it expects challenges in the aftermarket services business due to fluctuating customer demand. The company plans to invest between $400 million and $445 million in capital expenditures for 2026, focusing on both growth and maintenance capital needs.
About Archrock, Inc.
Archrock, Inc. is a U.S.-based energy infrastructure company specializing in midstream natural gas compression services. It operates two main segments: contract operations, providing compression equipment and services to energy producers and transporters, and aftermarket services, offering maintenance, overhaul, and parts sales. Archrock serves a broad customer base across major U.S. natural gas and crude oil regions, leveraging a large, standardized fleet and a fee-based business model focused on safety, reliability, and operational efficiency.
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