Archrock to Acquire Total Operations and Production Services, LLC
Archrock(AROC) Newsfilter·2024-07-23 04:47
$983 million cash and stock transaction expected to be immediately accretive to Archrock's earnings per share and cash available for dividend per shareComplements and deepens existing compression operations in the Permian Basin with addition of 580,000 horsepower of young assets, including approximately 500,000 operating horsepower and a substantial and contracted backlog of new equipmentExpands Archrock's capabilities in electric motor drive compression, in-line with emissions reduction strategyArchrock to ...