Archrock Inc 2025年季度报告

Form10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period endedSeptember30,2025 or ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF1934For the transition period fromto Commission File No.001-33666Archrock,Inc.(Exact name of registrant as specified in its charter) 9807 Katy Freeway,Suite100,Houston,Texas77024(Address of principal executive offices, zip code) Securities registered pursuant to Section12(b)of the Act: registered Title of each class Common stock, $0.01 par value pershare Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of theSecurities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant wasrequired to file such reports), and (2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12months (or forsuch shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,”“accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of theExchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ Number of shares of the common stock of the registrant outstanding as of October 22, 2025:175,369,642shares. TABLE OF CONTENTS PageGlossary3Forward-Looking Statements5PartI. Financial InformationItem1. Financial Statements (unaudited)6Condensed Consolidated Balance Sheets6Condensed Consolidated Statements of Operations7Condensed Consolidated Statements of Equity8Condensed Consolidated Statements of Cash Flows10Notesto Unaudited Condensed Consolidated Financial Statements11Item2. Management’s Discussion and Analysis of Financial Condition and Results ofOperations36Item3. Quantitative and Qualitative Disclosures About Market Risk45Item4. Controls and Procedures46PartII. Other InformationItem1. Legal Proceedings46Item1A. Risk Factors47Item 2. Unregistered Sales of Equity Securities and Use of Proceeds48Item3. Defaults Upon Senior Securities49Item4. Mine Safety Disclosures49Item5. Other Information49Item6. Exhibits49Signatures50 GLOSSARY The following terms and abbreviations appearing in the text of this report have the meanings indicatedbelow. FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q (this “Form 10-Q”) contains “forward-looking statements” intendedto qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of1995. All statements other than statements of historical fact contained in this Form 10-Q are forward-looking statements within the meaning of the Exchange Act, including, without limitation, our businessgrowth strategy and projected costs; future financial position; the sufficiency of available cash flows tofundcontinuing operations and pay dividends;the expected amount of our capital expenditures;anticipated cost savings; future revenue, adjusted gross margin and other financial or operational measuresrelated to our business; the future value of our equipment; and plans and objectives of our management forour future operations. You can identify many of these statements by words such as “believe,” “expect,”“intend,” “project,” “anticipate,” “estimate,” “will continue,” or similar words or the negative thereof. Such forward-looking statements are subject to various risks and uncertainties that could cause actualresults to differ materially from those anticipated as of the date of this Form 10-Q. Although we believethat the expectations reflected in these forward-looking statements are based on reasonable assumptions,no assurance can be given that these expectations will prove to be correct. Known material factors thatcould cause our actual results to differ materially from the expectations reflected in these forward-lookingstatements include the risk factors described in our 2024 Form 10-K and those set forth from time to timein our filings with the SEC, which are available through our website atwww.archrock.comand through theSEC’s website atwww.sec.gov. These risk factors include, but are not limited to, inability to achieve theexpected benefits of the NGCS Acquisition and difficulties in