Archrock Reaffirms 2024 Adjusted EBITDA Guidance Range Of $510M - $540M
Portfolio Pulse from Benzinga Newsdesk
Archrock has reaffirmed its 2024 adjusted EBITDA guidance range of $510M to $540M, citing highly constructive market conditions for compression, especially in oil plays with associated gas production like the Permian Basin.
July 30, 2024 | 9:54 pm
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Archrock has reaffirmed its 2024 adjusted EBITDA guidance range of $510M to $540M, indicating confidence in its market position and favorable conditions in oil plays with associated gas production.
Reaffirming the EBITDA guidance suggests that Archrock is confident in its financial performance and market conditions. This is likely to positively impact investor sentiment and the stock price in the short term.
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