Archrock, Inc. (NYSE:AROC) Q1 2022 Earnings Conference Call May 10, 2022 11:00 AM ET

Company Participants

Megan Repine - VP, IR

Brad Childers - President & CEO

Doug Aron - CFO

Conference Call Participants

Kyle May - Capital One Securities

Selman Akyol - Stifel

Operator

Good morning. Welcome to the Archrock First Quarter 2022 Conference Call. Your host for today's call is Megan Repine, Vice President of Investor Relations for Archrock.

I will now turn the call over to Ms. Repine. You may begin.

Megan Repine

Thank you, Rob. Hello, everyone and thanks for joining us on today's call. With me today are Brad Childers, President and Chief Executive Officer of Archrock; and Doug Aron, Chief Financial Officer of Archrock. Yesterday, we released our financial and operating results for the first quarter of 2022. If you have not received the copy, you can find the information on the company's website at www.archrock.com.

During this call, we will make forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, based on our current beliefs and expectations, as well as assumptions made by and information currently available to Archrock's management team. Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Please refer to our latest filings with the SEC for a list of factors that may cause actual results to differ materially from those in the forward-looking statements made during this call.

In addition to our discussion today, we'll reference certain non-GAAP financial measures, including adjusted EBITDA, gross margin, gross margin percentage, free cash flow, free cash flow after dividend and cash available for dividend, reconciliations of these non-GAAP financial measures to our GAAP financial results. Please see yesterday's press release and our Form 8-K furnished to the SEC.

I'll now turn the call over to Brad to discuss Archrock's first quarter results and to provide an update of our business.

Brad Childers

Thank you, Megan and good morning, everyone. I appreciate everyone joining the call today. It's certainly been an eventful start to 2022 for the energy industry, with all eyes now on North American oil and gas supply. For Archrock, fundamentals in our natural gas compression business strengthened during the first quarter. At the same time, we continue to prioritize and advance our long-term strategies, high grading our fleets, harnessing technology across the organization and increasing our focus on sustainability.