Archrock, Inc. (NYSE:AROC) Q4 2023 Earnings Conference Call February 21, 2024 10:00 AM ET
Company Participants
Megan Repine - Manager, IR, Noble Midstream Partners
Bradley Childers - President, CEO & Director
Douglas Aron - SVP & CFO
Conference Call Participants
James Rollyson - Raymond James & Associates
Selman Akyol - Stifel, Nicolaus & Company
Stephen Ferazani - Sidoti & Company
Elvira Scotto - RBC Capital Markets
Operator
Ladies and gentlemen, good morning. Welcome to the Archrock Fourth Quarter 2023 Conference Call. Your host for today's call is Megan Repine, Vice President of Investor Relations at Archrock.
I will now turn the call over to Ms. Repine. You may begin.
Megan Repine
Thank you, Abby. 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, Archrock released its financial and operating results for the Fourth Quarter and full year 2023, as well as annual guidance for 2024. If you have not received a 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 our trust management team.
Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can get 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, our discussion today will 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. For reconciliations of these non-GAAP financial measures to our GAAP financial results, please see yesterday's press release in our Form 8-K, furnished to the SEC.
I'll now turn the call over to Brad to discuss Archrock’s fourth quarter and full year results and to provide an update of our business.
Bradley Childers
Thank you, Megan, and good morning, everyone. Simply put, 2023 was a tremendous year for Archrock. We exited the year with excellent fourth quarter performance, building significant momentum in utilization, pricing, and profitability.