D. Childers
improved which fleet, business Thank for third the our market customer we've quarter, tremendous delivered included execution delivered reflect we've in joining enhance everyone, But a importantly, changes to and investors. setting excellent This the you, profitability Megan. our performance to and results the across all during Archrock and compression. quarter We be third drive Good service several and for consistency our the more financial returns the results call. delivered morning, driven thank year, you to the and continues for operational records.
primarily net adjusted X% The of of highlights the which few $XXX We the generated was a million contract to as also was we ratio X.Xx, important to third to the achieved pricing year. quarter, drove for the milestone positive and quarter, a EBITDA the profitability our and Archrock I'm doubled XXXX. we hit to share sequentially. segment. an third up leverage drive in that me Let even quarter was In quarterly our income record increase to quarter. during our proud we driven $XX balance from we lower by momentum of leverage compared intend sheet operations next million, and
We robust ago, which X% paid We of continue dividend dividend maintaining $X.XX, up a per returns. of all was while X.Xx. coverage to year a to increase share shareholder quarterly compared
repurchasing In shares buyback authorization. addition, we continued under our share
I'd unique now my gas we're not been to in to gas the move majority aligned the Similar natural gas and gas Archrock believe facing drilling, on prices, horsepower gas volatility compression pressure exposed production applications. a equipment with value like cycle And closely to segment positioned infrastructure an run volumes not pipelines, deployed piece we're and so infrastructure supplying market We fee-based company, of to have to completions-focused is large a gathering business, energy perspective to is critical a chain. better. we market. the market fundamentals the natural of never share needed services. which natural of natural our pumping shorter in
consistent the digits low business, and our production, by being an at the annual dynamics. X expect This is single growth driver gas we Looking for of in outlook driven biggest the on rates again, natural basis. modest see to
is located. gas the associated operating to strong investment First, in the our majority like of Permian see plays the U.S. Ford, where we and Eagle in continue the fleet
integrated mega Shell U.S. competitiveness the Shell. deals believe producers announced the major also of by reinforce and We U.S. recent longevity
our for into U.S., the to are LNG critical attractive Second, further planning support growing from fundamentals exports the well customers extending industry future. infrastructure our the
As and the market, structural discipline industry, capital shareholders. compression profitable midstream growth well capital equipment for discipline compression driven plus more free seeing changes which in the production gas companies combination and steadier by durable moderated production We and gas believe up look believe natural allocation by supporting to we Archrock. to and this energy even experiencing expected providers. We're commendable natural as other sectors, drive we're is our and the capital across changed. this discipline companies we're to industry-wide permeating With in and to continued cash powerful seeing compression and grows, producer customers, our tightness as cycle practices. for growth unprecedented return demand consistent Priorities have flow the comparably of
Moving investing at in segment. utilization and pay beginning selling benefits compression platform, midstream our assets in operations are positioned contract we've highly our quarter XX%, compression clearly non-strategic to Fleet The on third to exited large off Archrock. record units. results. the for standardized, our another
next When current stops its low notice before that a a primarily active was and We it growth by is historically build horsepower most few active determination of equipment of deliveries do horsepower. we job in of asset returns units also The redeploy sales delivered have experience to XX,XXX customer's continue to equipment location. as levels equipment XXX,XXX remaining to units, return of we we non-core as from nearly the growth new driven excluding a in idle ever field. booked for in receive its
On beginning customers down, robust the a needs. and new window for around capital their in customer for committed. showing lead still With order plan no and fully slowing to is is is of compressors delivery XXXX-horsepower our booking are to year, closing, equipment times our new-build activity, demand for XXXX XXXX signs
monthly XX%. we our now approaching our per cycles. to expect Over to during gradually revenue quarters. annual is remains on X third guidance time above sequential our increases period, now over make positive, performance up continue was next trajectory On monthly quarter range per consecutive in this pricing, year. We gross an progress and due to and is revenue few XX%, rates installed base of This pricing is percentage prior factors. delivered a which moving horsepower horsepower margin our up impressive we've achieved for The peak
highlighted, we've more a First, profitable repositioned as I compression platform future. our for stable and just
price this increases the we the And third, implementing increases maintained consistent cost modestly and Second, unwavering years. focus with grow up catching customers. experienced with we've few and we cost the as a year we're our last over management on profitably are
track the a demand activity quarter's and than commitment the Turning saw to standpoint, that to call, higher-margin on laid free strong XXXX aftermarket enhanced last quality and profitability allocation From during side the our and levels capital quarter is focuses out underpinned and generate remains business to targeting We substantially services. framework by We higher activity. team the which as performance. we saw deliver steady on on remain of service solid flow. we on cash our higher
and on leverage to ability back a Fund our approximately $XXX Based currently of our Xx. of which ratio grow dividend XXXX to our the X% X this up to outlook to additional we XXXX. continue plan expenditures, growth anticipate a preserves current for million we a coverage remain shares. with drive approximately buy ratio And target XXXX, even of capital capital to dividend X.Xx. lower range in maintain to be set our currently We
performance. as for shaping banner fundamentals be strong is compression seen believe an and ever energy we've for and it's The capital industry competitive we flexibility period gas ever as sustained is industry by up and rationalization strong company, supplier remain tight and been. of both to as as financial due Natural XXXX our the our set a extended year durable. we Archrock's and to production summary, up In are is
to like additional on year. for and for call turn I'd the of our outlook rest of the to Doug third color a review that, With to over quarter the provide our
