Archrock Partners LP (APLP) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $0.18 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.16. The company posted revenue of $151.40 million in the period, compared to analysts expectations of $155.88 million. The company’s revenue was down -7.9% compared to the same quarter last year.
Many Wall Street Analysts have commented on Archrock Partners LP. Archrock Partners LP was Downgraded by BofA/Merrill to ” Neutral” on Feb 17, 2016.
In a different news, on Nov 5, 2015, Daniel K Schlanger (Senior Vice President) sold 2,750 shares at $30.53 per share price.
Archrock Partners LP formerly Exterran Partners L.P. provides natural gas contract operations services. The Companys contract operations services include designing sourcing owning installing operating servicing repairing and maintaining equipment to provide natural gas compression services to its customers. It provides contract operations services including the personnel equipment tools materials and supplies. The Companys general partner Exterran General Partner L.P. conducts the Companys business and manages its operations which are conducted through its wholly owned limited liability company EXLP Operating LLC. It caters to companies engaged in various aspects of the oil and natural gas industry including natural gas producers processors gatherers transporters and storage providers. Some of its customers are also Exterran Holdings contract operations services customers.