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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 271M | 11.1% |
Gross Profit | 123M | 24.2% |
Cost of Revenue | 147M | 2.1% |
Operating expense | 32M | 10.8% |
Net Income | 34M | 15.1% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 2.71B | 1.8% |
Total Liabilities | 1.82B | 2% |
Total Equity | 894M | 1.4% |
Shares Outstanding | 154M | 0.2% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 71M | 48.7% |
Cash from investing | -88M | 1.9% |
Cash from financing | 17M | 132.1% |
EPS
Financial Highlights for Archrock in Q2 '24
Archrock reported a revenue of 271M, which is a 11.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 123M, marking a 24.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 147M, a 2.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 32M, showing a 10.8% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 34M, showing a -15.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
Archrock faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.