Archrock, Inc (NYSE:AROC) Q2 2024 Results Conference Call July 31, 2024 10:00 AM ET

Company Participants

Megan Repine - VP of IR
Bradley Childers - President and CEO
Douglas Aron - CFO

Conference Call Participants

James Rollyson - Raymond James
Steve Ferazani - Sidoti
Selman Akyol - Stifel

Operator

Good morning. Welcome to the Archrock Second Quarter 2024 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. Rapine. You may begin.

Megan Repine

Thank you, JL. Hello, everyone, and thanks for joining us on today's call. With me today are Bradley 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 second quarter of 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 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, our discussion today will reference certain non-GAAP financial measures, including adjusted EBITDA, adjusted gross margin, adjusted 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 and our Form 8-K furnished to the SEC.

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

Bradley Childers

Thank you, Megan, and good morning, everyone. Archrock's second quarter performance reflects the earnings power we've built through our investment in high-quality assets, exceptional customer service, and efficient execution. The long-term and year-over-year strength and durability we see in our overall performance and as reflected in our second quarter results is also supported by the affordability and abundance of U.S. natural gas, which will continue to fuel growth in its demand, use and production. This strong performance as well as the strength and durability are both further bolstered structurally by the continued capital discipline being employed across the energy sector.