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Archrock (AROC) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · Archrock (AROC) Q3 2026 earnings results →
Q3 2026 Revenue down 3% year over year to $371M · 23¢ of every $1 of revenue kept as net profit · operating margin 30.0%
Archrock made $371M in Q3 2026 (-3% Y/Y): Contract operations $331M, Aftermarket services $39.7M. Operating margin 30.0%, net earnings $84.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $370.8M in Q3 2026, down 3% year over year and roughly flat from the previous quarter. Contract operations was the largest line at 89% of revenue. Aftermarket services lost $16.5M year over year (down 29%), 142% of the total change.
Gross margin was 47.4%, down 1.1 points from Q3 2025. Operating profit was $111.1M, a 30.0% margin (up 4.6 points year over year). Operating expenses fell 27% while revenue fell 3%. Net earnings were $84.5M, up 19% year over year. The effective tax rate was 24.0%.
Operating cash flow was $158.8M (down 3% year over year), 188% of net earnings. Non-cash charges added back $71.9M of depreciation and amortization and $3.4M of share-based compensation. After net cash used in investing activities ($109.2M), adjusted free cash flow as the company reports it was $49.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 3, 2026 | $371M | -3% | 30.0% | $84.5M | $159M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $371M | -3% | 24.9% | $66.7M | $161M |
| Q1 2026 | 10-Q | May 6, 2026 | $374M | +8% | 26.0% | $73.8M | $186M |
| Q4 2025 | 10-K | Feb 26, 2026 | $377M | +16% | 39.4% | $117M | $214M |
| Q3 2025 | 10-Q | Oct 29, 2025 | $382M | +31% | 25.3% | $71.2M | $165M |
| Q2 2025 | 10-Q | Aug 5, 2025 | $383M | +42% | 22.5% | $63.4M | $127M |
| Q1 2025 | 10-Q | May 6, 2025 | $347M | +29% | 26.5% | $70.8M | $116M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Archrock
We are an energy infrastructure company with a primary focus on midstream natural gas compression and a commitment to helping our customers produce, compress and transport natural gas in a safe and environmentally responsible way. We are a premier provider of natural gas compression services, in terms of total compression fleet horsepower, to customers in the energy industry throughout the U.S., and a leading supplier of aftermarket services to customers that own compression equipment in the U.S. Our business supports a must–run service that is essential to the production, processing, transportation and storage of natural gas.
In its own words, from its 10-K, filed Feb 26, 2026.
Archrock against its Natural Gas Transmission peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -3% against the peers' median +30%. Operating margin: 30.0% against the peers' median 25.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| AROC Archrock | Q3 2026 | $371M | -3% | 30.0% |
| ET Energy Transfer LP | Q3 2026 | $37.1B | +86% | 7.5% |
| EPD Enterprise Products Partners L.P. | Q3 2026 | $17.9B | +49% | 11.1% |
| TRGP Targa Resources | Q3 2026 | $5.6B | +35% | 19.6% |
| KMI Kinder Morgan | Q3 2026 | $4.5B | +9% | 25.6% |
| Northwest Pipeline LLC | Q3 2026 | $3.2B | +10% | 35.2% |
| Western Midstream Operating, LP | Q2 2026 | $1.2B | +30% | 43.0% |
| WES Western Midstream Partners, LP | Q3 2026 | $1.2B | +25% | 38.6% |
| NGL NGL Energy Partners LP | Q2 FY27 | $987M | +46% | 2.4% |
Source: Archrock 10-Q on SEC EDGAR · CIK 1389050 · Natural Gas Transmission
Guidance and outlook
13F: who owns AROC and who is buying
More on AROC
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results