Why Did Archrock Plunge 10.58% Despite Strong Earnings?

On May 6, 2025, Archrock's stock price dropped by 10.58% in pre-market trading.

Archrock Inc. recently reported strong first-quarter earnings, with earnings per share (EPS) of $0.42, surpassing the consensus estimate of $0.39. This positive earnings report indicates that the company is performing well and may continue to outperform the broader market in the near term.

The company's board has approved a stock repurchase plan, authorizing the buyback of up to $50.00 million in shares. This move suggests that the company's leadership believes its shares are undervalued, which could be a positive signal for investors.

Archrock has also declared a quarterly dividend of $0.19 per share, representing a 3.18% dividend yield. This dividend payout is a positive indicator of the company's financial health and its commitment to returning value to shareholders.