| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
- |
| Employees |
1,200 |
| Revenues (TTM) (Millions $) |
706 |
| Net Income (TTM) (Millions $) |
61 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
342 |
Business Description
Archrock Partners L.P. is a publicly traded limited partnership that specializes in natural gas contract compression services in the United States. The company was formed in 2013 as a subsidiary of Archrock, Inc. and is headquartered in Houston, Texas.
Archrock Partners L.P. owns and operates a fleet of roughly 3,000 natural gas compressors, which are used to increase the flow of natural gas through pipelines. The company provides these compressors to oil and gas companies on a fee-based contract basis.
The company's services include operations and maintenance, engineering, and project management. Archrock Partners L.P. works with a broad range of customers, from small independent producers to major integrated energy companies.
The company's operations are located in major natural gas producing regions throughout the United States, including the Permian Basin, the Eagle Ford Shale, and the Anadarko Basin. Archrock Partners L.P. also has a significant presence in the Marcellus and Utica shale plays in the Appalachian Basin.
As of December 31, 2020, Archrock Partners L.P. had total assets of $1.4 billion and generated revenue of $599 million. The company has a market capitalization of approximately $745 million and trades on the NASDAQ stock exchange under the ticker symbol APLP. The company's largest shareholder is Archrock Inc., which owns approximately 41% of the outstanding units of Archrock Partners L.P.
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