Archrock To Acquire Total Operations And Production Services For $983M In Cash And Stock; Transaction Expected To Be Immediately Accretive To EPS And Cash Available For Dividend
Portfolio Pulse from Benzinga Newsdesk
Archrock Inc. (AROC) announced the acquisition of Total Operations and Production Services for $983 million in cash and stock. The transaction is expected to be immediately accretive to EPS and cash available for dividends. The acquisition adds 580,000 horsepower of young assets and expands electric motor drive compression capabilities. A conference call is scheduled for July 23.
July 22, 2024 | 8:48 pm
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Archrock Inc. (AROC) is acquiring Total Operations and Production Services for $983 million. The deal is expected to be immediately accretive to EPS and cash available for dividends, adding 580,000 horsepower of young assets and expanding electric motor drive compression capabilities.
The acquisition is significant for Archrock Inc. as it is expected to be immediately accretive to EPS and cash available for dividends, which are positive indicators for investors. The addition of 580,000 horsepower of young assets and expansion of electric motor drive compression capabilities further strengthens the company's operational capacity.
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