Archrock, Inc. Announces Impairment Charges for the Fourth Quarter Ended December 31, 2020
February 22, 2021 at 04:05 pm EST
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Archrock, Inc. announced impairment charges for the fourth quarter ended December 31, 2020. For the quarter, the company reported long-lived and other asset impairment of $7,424,000 against $25,842,000 a year ago.
Archrock, Inc. is an energy infrastructure company with a primary focus on midstream natural gas compression. The Company is a provider of natural gas compression services to customers in the energy industry throughout. the United States. It is a supplier of aftermarket services to customers that own compression equipment. Its segments include Contract Operations and Aftermarket Services. The Contract Operations business is comprised of its owned fleet of natural gas compression equipment that it use to provide operations services to its customers. The aftermarket services business provides a full range of services to support the compression needs of its customers that own compression equipment, including operations, maintenance, overhaul and reconfiguration services and sales of parts and components. It provides comprehensive contract operations services, such as personnel, equipment, tools, materials and supplies to meet its customerâs natural gas compression needs.
ARCHROCK, INC. 
