HOUSTON, April 28, 2023 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) ("Archrock" or the "Company") today announced that its Board of Directors has authorized a new $50 million share repurchase program ("2023 Share Repurchase Program"). The Board of Directors has also declared a quarterly dividend of $0.15 per share of common stock, or $0.60 per share on an annualized basis. The first quarter 2023 dividend will be paid on May 16, 2023 to all stockholders of record on May 9, 2023. "With the rapid tightening in compression market fundamentals and our continued confidence in Archrock's financial outlook, we are accelerating our plan to increase shareholder returns and supplementing our compelling quarterly dividend with a share repurchase program," said Brad Childers, Archrock's President and Chief Executive Officer.