Exterran Partners renamed “Archrock Partners”
HOUSTON--(BUSINESS WIRE)--Archrock, Inc. (NYSE:AROC) today announced the completion of the
previously announced spin-off of the international services and global
fabrication businesses of Exterran Holdings, Inc. into a new, publicly
traded company, Exterran Corporation, through the distribution of all
the shares of Exterran Corporation common stock to the holders of
Exterran Holdings common stock. In connection with the completion of the
spin-off, Exterran Holdings, Inc. was renamed Archrock, Inc. and will
begin “regular way” trading on the New York Stock Exchange today under
the symbol “AROC”. Following the completion of the spin-off, Archrock,
Inc. is the leading provider of natural gas contract compression
services to customers throughout the United States and a leading
supplier of aftermarket services to customers that own compression
equipment in the United States.
Archrock Partners, L.P. (NASDAQ:APLP), formerly known as Exterran
Partners, L.P., today announced that its name has changed in connection
with the spin-off and that its trading symbol on the Nasdaq Global
Select Market has changed from EXLP to “APLP”. Archrock, Inc. continues
to own an equity interest, including all of the general partner
interest, in Archrock Partners. Archrock Partners is the leading
provider of natural gas contract compression services to customers
throughout the United States.
To effect the spin-off, each Exterran Holdings shareholder received one
share of Exterran Corporation common stock for every two shares of
Exterran Holdings common stock held as of 5:00 p.m., Eastern Time, on
October 27, 2015, the record date for the spin-off. Exterran Corporation
is now an independent, publicly traded company that will begin “regular
way” trading on the NYSE today under the symbol “EXTN”.
About Archrock
Archrock, Inc. is the leading provider of natural gas contract
compression services to customers throughout the United States and a
leading supplier of aftermarket services to customers that own
compression equipment in the United States. Archrock is headquartered in
Houston, Texas and operates in the major oil and gas producing regions
in the United States with approximately 2,500 employees. Archrock owns
an equity interest, including all of the general partner interest, in
Archrock Partners, L.P. (NASDAQ:APLP). For more information, visit www.archrock.com.
About Archrock Partners
Archrock Partners, L.P., a master limited partnership, is the leading
provider of natural gas contract compression services to customers
throughout the United States. Archrock, Inc. (NYSE: AROC) owns an equity
interest in Archrock Partners, including all of the general partner
interest. For more information, visit www.archrock.com.