TO OUR STAKEHOLDERS
Archrock has a long and successful legacy of helping to power America by compressing and transporting the natural gas we use to heat our homes, power our electrical grid and support our domestic industries. While the name Archrock has only been around for a decade, this year we celebrate our platinum anniversary and 70 years of continuous operations.
70-year legacy of adaptability
Over the past seven decades, we’ve seen our customers grow, contract, and merge. We’ve seen oil and gas activity and production increase, decrease and shift basins. We’ve seen our compression equipment increase in size, in power, in efficiency and in ability to meet changing emissions requirements and objectives. Our legacy of adaptability has become a core competency, which we can bring to bear to successfully navigate future challenges and opportunities, including how well we can use technology for a more digitized, automated and sustainable future.
Record 2023 performance reflects transformed business
We publish this year’s Sustainability Report at a time when we reported record financial and operating results, reflecting years of effort to transform our platform and our commitment to a sustainable future. We believe the actions we’ve taken to high-grade our asset base, utilize innovative technology, refine our capital allocation and prioritize opportunities to help our customers decarbonize will benefit us for years to come and in a variety of markets.
People are our greatest asset
Making our success possible is our dedicated employee base that continues to meet the evolving needs of our customers, and that does so with an unwavering commitment to customer service and safety. To attract and retain top talent, we remain focused on facilitating best-in-class training programs, reinforcing a culture of safety, offering competitive benefits and fostering a diverse and inclusive environment.
Archrock’s role in decarbonizing energy
It’s also an exciting time for our industry. Much of the world lacks access to energy, and the demand growth we see ahead will require all forms of energy, including natural gas. Natural gas is abundant, affordable and the cleanest burning hydrocarbon. And, as the US has become the largest exporter of natural gas in the form of LNG, we are now helping to not just power a cleaner America, but also to power a cleaner world. In addition, we now have the opportunity to perpetuate the use of natural gas, and the billions of dollars of existing infrastructure that transports this gas to market, by seeking to reduce emissions of both methane and CO2. As a premier U.S. natural gas compression provider, we have made several investments in developing and existing technologies that will help us do just that. Most recently, in August 2024, we acquired Total Operations and Production Services, LLC (TOPS), adding a young fleet of 580,000 horsepower that establishes our leadership position in electric motor drive compression. I’m proud of our progress to-date and ambitious about the potential impact we can have on the industry.
A promising and sustainable future
We believe the biggest impact we can have as Archrock, is to set the standard for sustainability in the compression industry – in safety, in customer service, in talent, and in emissions management. I am proud of the company’s 70-year legacy and with a strong foundation, opportunities-rich market and commitment to continuous improvement, I’m even more excited about our future.
Thank you for taking the time to learn about our sustainability initiatives and how we help deliver reliable, affordable and cleaner natural gas.
Brad Childers
President and Chief Executive Officer
Our Official HSE Policy
Learn in greater detail about Archrock's respect for the health and safety of our employees, customers, and communities, and what we're committed to do to preserve it all.
