Archrock: Steady Improvement in Profitability Driven by Strong Demand for Natural Gas Compression
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Archrock provides compression facilities and equipment to transport natural gas through pipelines. Additionally, the company offers maintenance, repair, and overhaul services for natural gas compressors and engines. Archrock's results for Q3 showed a significant improvement in gross margins compared to the company's baseline compressor fleet. The growth thesis for natural gas remains intact, providing the company with multiyear tailwinds. Archrock (NYSE: AROC) is an energy infrastructure company focused on midstream natural gas compression,...
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