Archrock Inc 2024年度报告

(1)See “Non-GAAP Financial Measures” in Part II Item 7 “Management’s Discussion and Analysis of Financial Condition andResults of Operations” of our accompanying 2024 Form 10-K for information on adjusted gross margin and adjusted grossmargin percentage.(2)See “Reconciliation of Net Income to Adjusted EBITDA” below. (1)Adjusted EBITDA, a non-GAAP measure, is defined as net income (loss) excluding interest expense, income taxes, depreciationand amortization, long-lived and other asset impairment, unrealized change in fair value of investment in unconsolidatedaffiliate, debt extinguishment loss, transaction-related costs, non-cash stock-based compensation expense, amortization ofcapitalized implementation costs and other items. UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549Form 10-K(MARK ONE)☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31, 2024or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromtoCommission file no. 001-33666Archrock, Inc.(Exact name of registrant as specified in its charter)Delaware74-3204509(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)9807 Katy Freeway, Suite 100, Houston, Texas 77024(Address of principal executive offices, zip code)(281) 836-8000(Registrant’s telephone number, including area code)Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☒No☐ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subjectto such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was requiredto submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule 12b-2 of the Exchange Act. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of itsinternal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accountingfirm that prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant includedin the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Aggregate market value of the common stock of the registrant held by non-affiliates as of June 30, 2024: $3,066,717,416.Number of shares of the common stock of the registrant outstanding as of February 18, 2025: 175,268,710 shares. DOCUMENTS INCORPORATED BY REFERENCEPortions of the registrant’s definitive proxy statement for the 2024 Meeting of Stockholders, which is expected to be filed with the Securities and Exchange Commission within 120 days after December 31, 2024, are incorporated by reference into Part III of this Form 10-K. TABLE OF CONTENTS PartIIItem 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities36Item 6. [Reserved]38Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations38Item 7A. Quantitative and Qualitative Disclosures About Market Risk50Item 8. Financial Statements and Supplementary Data50Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure50Item 9A. Controls and Procedures51Item 9B. Other Information54Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections54 Part IIIItem 10. Directors, Executive Officers and Corporate Governance54Item 11. Executive Compensation54Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters54Item 1