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Archrock Q2 Highlights Reaffirmed 2026 Growth Capex, Multiyear Investment Plan

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Archrock (AROC) reported Q2 earnings Tuesday, reaffirming its 2026 growth capital spending outlook and introducing a multiyear expansion plan as strong demand for natural gas compression services supported its long-term outlook.

Contract compression fleet utilization remained high.

Total operating horsepower at June 30 was 4.516 million hp, down from 4.651 million hp a year earlier, while average operating horsepower during the quarter increased to 4.514 million hp from 4.467 million hp.

Total available horsepower declined to 4.784 million hp from 4.843 million hp, and utilization was 94.4%, compared with 96% a year earlier.

Archrock signed a long-term agreement with an existing strategic customer covering about 665,000 hp of compression equipment. The contract includes an eight-year base term with a two-year extension option, according to the company.

The company reaffirmed 2026 growth capital expenditures of $250 million to $275 million and introduced cumulative growth capital investment of $1.4 billion to $1.6 billion for 2027 through 2030 to expand its compression fleet.

"The compression market outlook remains highly constructive, driven by durable natural gas demand and a structurally tight compression market continuing to support our expectations for robust long-term growth," said Brad Childers, Archrock's president and chief executive officer.

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