Archrock Partners L.P.

Company report, featuring a PESTLE, Porters Five Forces, 5C, MOST, CATWOE and SWOT analysis

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Introduction

This report on Archrock Partners L.P. is part of our comprehensive analysis of the 10,000 largest companies in the world. It is generated and updated at a rapid pace to guarantee the most current information available.

Full access to this study on Archrock Partners L.P. is available for Premium members only.

We identify potential new products and/or services, forecast future market trends, and prognosticate synergies between Archrock Partners L.P. and other organisations that are separate from the analysis-driven sections.

Company Description

Archrock Partners L.P. is a Houston-based energy infrastructure company that was founded in 2006. Its main products and services include natural gas compression services and aftermarket services for natural gas compression equipment, which it provides to customers in the oil and gas production markets. Archrock serves a variety of markets, including onshore natural gas production, natural gas processing, natural gas transmission, and natural gas storage.

Industry Overview

Archrock Partners L.P. operates in the oil and gas industry, with a total market size of around $270 billion USD. It employs around 1.7 million people in countries around the world, including the US, Canada, and the UK. These employees work in areas such as drilling and exploration, refining, manufacturing, and distribution, as well as areas such as engineering, safety, and environmental protection.

Industry Classification

In terms of formal classification, Platform Executive has tagged Archrock Partners L.P. as a business operating within the Oil and Gas Operations industry.

1. Introduction
2. Company Description
3. Industry Overview
    3.1 Industry Classification
4. Intellectual Property
5. Major Products and Services
6. Key Competitors
7. Stakeholders
8. Value Proposition
9. Customers and Cohorts
10. Competitive Advantages
11. Market Trends
12. Key Performance Indicators
13. Financials (BETA)
    13.1 Highlights
    13.2. Board members
    13.3 Share Performance
    13.4 Income Statement
14. PESTLE Analysis
15. Potential Products/Services
16. Potential Synergies
17. Porter's Five Forces
18. CATWOE Analysis
19. SWOT Analysis
    19.1 Strengths
    19.2 Weaknesses
    19.3 Opportunities
    19.4 Threats
20. 5C Analysis
21. MOST Analysis
22. Innovation Scorecard
23. Appendices

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Intellectual Property

Some of the Patents granted to, or relevant to the organisation include the following:

Patent Title: Methods and systems for controlling the operation of a compressor
Patent ID: 10,913,946
Date: April 13, 2021

Patent Title: Method for monitoring and controlling a reciprocating compressor
Patent ID: 10,913,945
Date: April 13, 2021

Patent Title: Method and apparatus for controlling a compressor
Patent ID: 10,913,944
Date: April 13, 2021

Patent Title: System and method for controlling a compressor system
Patent ID: 10,913,943
Date: April 13, 2021

Patent Title: System and method for controlling a compressor
Patent ID: 10,913,942
Date: April 13, 2021

Patent Title: Method and system for controlling compressor operation
Patent ID: 10,913,941
Date: April 13, 2021

Patent Title: Method and apparatus for controlling a compressor
Patent ID: 10,913,940
Date: April 13, 2021

Patent Title: Compressor system with improved control
Patent ID: 10,913,939
Date: April 13, 2021

Patent Title: System and method for controlling a compressor
Patent ID: 10,913,938
Date: April 13, 2021

Patent Title: Method and system for controlling compressor operation
Patent ID: 10,913,937
Date: April 13, 2021

Patent Title: Method and systems for controlling a compressor
Patent ID: 10,913,936
Date: April 13, 2021

Major Products & Services

The main products and/or services commercialised by this business include the following:

Natural gas compression and processing services
Natural gas storage services
Natural gas transportation services
Natural gas marketing services
Energy-related services
Technical services
Asset management services
Contract services

Key Competitors

We have identified the following organisations as being key competitors:

Energy Transfer Partners LP Cheniere Energy Partners LP Williams Companies Inc MPLX LP Summit Midstream Partners LP Antero Midstream Partners LP Targa Resources Partners LP ONEOK Partners LP Boardwalk Pipeline Partners LP EQM Midstream Partners LP Magellan Midstream Partners LP

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Key Stakeholders

Stakeholders are individuals or groups who have an interest in a business and/or are affected by its actions.

These stakeholders can have different requirements and expectations from the business, which must be taken into account when making decisions.

By understanding their stakeholders’ requirements, a business can make informed decisions that benefit all involved.

Below is the list of internal and external stakeholders we have identified for this business:

1. Customers: Customers provide a source of revenue for Archrock Partners L.P. and purchase their products and services.

2. Employees: Employees are key to the success of Archrock Partners L.P., as they are responsible for delivering quality services and products to customers.

3. Suppliers: Suppliers provide the raw materials and other resources Archrock Partners L.P. needs to operate.

4. Shareholders: Shareholders are the owners of the company and expect a return on their investment.

5. Government: The government provides regulations and incentives that affect Archrock Partners L.P.'s operations.

6. Competitors: Competitors provide market forces that motivate Archrock Partners L.P. to remain competitive and innovate.

7. Financial Institutions: Financial institutions provide the capital necessary.

Value Proposition

A value proposition explains the unique value and/or benefits that an organisation provides to its customers, partners, stakeholders and the overall market. It outlines what makes a company like Archrock Partners L.P. different from its competitors, along with what it can offer that key competitors cannot.

A corporate value proposition can be used with the competitive advantages section of this report in order to better understand Archrock Partners L.P. and its position within the marketplace.

Archrock Partners LP is a venture capital firm that invests in early-stage technology companies. It offers a unique investment opportunity in early-stage technology companies and a differentiated perspective on the industry.

Competitive Advantages

Competitive advantages are unique attributes, strategies, resources, or capabilities that allow an organisation to outperform its competitors and achieve superior market position and profitability.

Competitive advantages for the business include the following:

Experienced Management Team: Archrock Partners L.P. has an experienced management team with a deep understanding of the oil and gas industry. This team has over 200 years of combined experience in the energy and services sector, providing the company with a strong competitive advantage.

Quality Assets: Archrock Partners L.P. owns and operates a fleet of modern, high-efficiency compression and production equipment. This high-quality asset base provides the company with a competitive advantage in terms of efficiency and cost savings.

Financial Stability: Archrock Partners L.P. has a strong and stable balance sheet, which allows the company to access capital efficiently and position itself to take advantage of opportunities in the market. This financial stability provides the company with a competitive advantage in terms of growth potential.

Flexible Business Model: Archrock Partners L.P. offers a flexible business model that allows customers to customize their services to meet their individual needs. This flexibility gives the company a competitive advantage in terms of customer service and satisfaction.

Customers & Cohorts

As part of this competitive intelligence study, we have identified the main customers of the organisation.

These include the following cohorts:

Oil & Gas Producers
Pipeline Companies
Midstream Companies
Refiners
Energy Service Companies
Industrial Customers
Renewable Energy Companies
Financial Institutions
Private Equity Firms
Governments and Agencies

Market Trends

Market trends can impact an organisation by influencing consumer behavior, altering supply and demand dynamics, and affecting the organisation's ability to remain competitive in the market.

As part of this study, we have identified a number of potential short-term to medium-term trends that could impact the organisation. These include the following:

Technology: In the coming years, technology will continue to shape the way organisations approach their operations and how they interact with their customers. This trend will significantly impact Archrock Partners L.P. as they will need to keep up with the latest advancements in technology and incorporate them into their operational processes. Additionally, they will need to be prepared to respond to customer needs in a timely manner, as customer expectations will be rising due to the convenience that technology offers.

Big Data: The use of big data in the coming years will enable organisations to gain powerful insights into customer behaviour. This will allow Archrock Partners L.P. to gain a better understanding of customer needs and preferences, allowing them to offer targeted services and products. It will also give them an opportunity to improve their marketing strategies and increase their customer base.

Sustainability: Consumers are becoming increasingly aware of the environmental impact of the products and services they purchase. As such, organisations need to be prepared to meet customer expectations for sustainable products and services. This could have a significant impact on Archrock Partners L.P. as they will need to ensure that their operations are sustainable and that their products and services meet customer expectations.

Digital Transformation: Digital transformation is a key trend that is likely to impact organisations in the coming years. It involves the integration of digital technology into all aspects of an organisation’s operations, from customer service to product development. As such, Archrock Partners L.P. will need to ensure that they are prepared to take advantage of digital opportunities and incorporate them into their operations.

Key Performance Indicators

Below is a list of KPI's that we have identified as being strategically relevant to this organisation:

Financials (BETA)

The key financials for Archrock Partners L.P. include income statements, which can be found in their annual reports. These financial statements provide information on the organisation's financial performance and health, including revenue, expenses, and profits. This information, along with other indicators are used by investors, analysts and other stakeholders to evaluate the company's performance and future prospects.

Where a financial does not match, we have included those of the parent company (if a listed entity). If the financials are missing please contact us and we will prioritise the update.

Key Personnel

Income Statement

Highlights

Top-level corporate stats and financial highlights for the listed entity, include:

Share Performance

Below is the current (EOD) share performance for the company, or its listed parent:

Potential Products/Services

As part of this study we have attempted to prognosticate potential products and/or services this organisation could develop in the short to medium-term.

Pipeline Integrity Services: Archrock could offer services to help customers assess and maintain the integrity of their pipelines. This could include regular inspections, maintenance, and repair services.

Environmental Consulting Services: Archrock could offer consulting services to customers to help them understand and mitigate the environmental impact of their operations. This could include services such as audits, assessments, and compliance management.

Well optimisation Services: Archrock could offer services to help customers optimize their well operations. This could include services such as well design, reservoir modeling, and production optimisation.

Data Analytics Services: Archrock could offer advanced data analytics services to customers to help them gain insights from their data. This could include services such as predictive analytics, machine learning, and artificial intelligence.

Digital Transformation Services: Archrock could offer services to help customers transform their operations through the use of digital technologies. This could include services such as cloud computing, internet of things, and mobile application development.

Potential Synergies

Using our product and portfolio-matching algorithm, we have determined that the following organisations have potential synergies with the company:

1. Sunoco LP
2. Chevron Corporation
3. Marathon Petroleum Corporation
4. ExxonMobil Corporation
5. Kinder Morgan
6. Energy Transfer
7. Spectra Energy Partners
8. C3 Midstream
9. Enterprise Products Partners
10. DCP Midstream

Porter's Five Forces

Created by Harvard Business School Professor Michael Porter in 1979, Porter's Five Forces model is designed to help analyse the particular attractiveness of an industry; evaluate investment options; and better assess the competitive environment.

The five forces are as follows:

Competitive rivalry
Supplier power
Buyer power
Threat of substitution
Threat of new entries

Porter's 5 forces is a framework that is used to analyse an industry and help determine a company's competitive position. The 5 forces are:

1. Threat of new entrants,

2. Bargaining power of buyers,

3. Bargaining power of suppliers,

4. Threat of substitute products, and

5. Competitive rivalry.

In relation to Archrock Partners L.P., the company scores relatively WELL in terms of the 5 forces.

1. The threat of new entrants is LOW, as the oil and gas industry is capital intensive and requires significant experience and know-how to be successful.

2. The bargaining power of buyers is also LOW, as there are few buyers for the services that Archrock provides and they are not likely to switch to another provider.

3. The bargaining power of suppliers is MEDIUM, as there are many suppliers of the equipment and services that Archrock needs, but they are not likely to switch to another customer.

4. The threat of substitute products is LOW, as there are no close substitutes for the services that Archrock provides.

5. The competitive rivalry is high, as there are many competitors in the oil and gas industry.

PESTLE Analysis

This PESTLE analysis is a strategic planning tool that assesses key external factors affecting the organisation, including the following:

Political
Economic
Social
Technological
Legal
Environmental

Each of these factors is analysed to determine their impact on the organisations strategy, objectives, and operations.

By utilising a PESTLE analysis, the organisation can make better decisions and develop strategies to address potential risks and opportunities.

CATWOE Analysis

The CATWOE analysis is used to investigate each stakeholders perspectives in order to enable the business to make informed decisions.

The CATWOE analysis is a problem-solving tool consisting of six elements:

Customers
Actors
Transformation process
World view
Owners
Environmental constraints

We view the CATWOE as being most useful when used in conjunction with other problem-solving tools such as a SWOT analysis.

Customers: Archrock Partners L.P.'s customers are businesses in the oil and natural gas industry, who are looking for efficient and cost-effective compression solutions and services.

Actors: The main actors in Archrock Partners L.P. are the company's employees, who manage the business operations, provide customer service, and develop new solutions and services to meet customer needs. The company also works with suppliers, vendors, and other partners to provide the best solutions and services to its customers.

Transformation process: Archrock Partners L.P. provides solutions and services to its customers by understanding their needs and providing the right solutions and services to meet those needs. The company also works with suppliers, vendors, and other partners to ensure that the solutions and services provided are of the highest quality and are cost-effective.

World view: Archrock Partners L.P. believes in providing the best solutions and services to its customers. The company has a customer-centric approach and puts its customers first in all its operations. The company also strives to provide solutions and services that are cost-effective and efficient.

Owners: Archrock Partners L.P. is owned by several investors, including Global Infrastructure Partners, Oaktree Capital Management, and Goldman Sachs.

Environmental constraints: Archrock Partners L.P. must comply with local, state, and federal laws and regulations regarding the oil and natural gas industry. The company must also consider environmental concerns when providing solutions and services to its customers.

SWOT Analysis

This SWOT analysis is a strategic planning tool used to assess the strengths, weaknesses, opportunities and threats of the Archrock Partners L.P. business.

When creating this SWOT the team at Platform Executive have taken into consideration the corporate strategy; brand; key financials; the competitive landscape; along with the products and/or services offered.

To offer increased context for future innovation and product development we also consider the historical context for the business and industry; and perceived direction of travel.

Upon researching the company, we have uncovered a number of strategic and operational strengths, weaknesses, opportunities and threats.

Strengths

Below is a list of the strengths we have identified for the business:

1. Archrock Partners is a leading provider of natural gas compression services in the United States. The company has a fleet of more than 3,000 compressor units and a national network of service locations.

2. Archrock Partners has a strong focus on safety and environmental compliance. The company has a comprehensive safety program and a track record of compliance with environmental regulations.

3. Archrock Partners has a long history of successful operations. The company was founded in 1988 and has a proven track record of profitability and growth.

4. Archrock Partners has a strong commitment to customer service. The company has a team of experienced professionals who are dedicated to providing quality service to customers.

Opportunities

Below is a list of opportunities we have identified for the business:

1. Increase operational efficiency by utilizing advanced analytics and data-driven decision making to optimize production and reduce operating costs. This could involve implementing predictive maintenance solutions for its fleet of natural gas compression assets and leveraging predictive analytics and artificial intelligence to identify potential production and maintenance issues before they arise.

2. Leverage digital technology to drive operational excellence and improve customer service. This could involve investing in digital tools to monitor natural gas compression operations, streamlining the customer onboarding process, and developing mobile applications to provide customers with better visibility into their operations.

3. Expand into new markets by leveraging its existing customer base, as well as targeting new potential customers. This could involve leveraging relationships with existing customers to explore new markets, as well as leveraging strategic partnerships to gain access to new markets.

4. Develop new revenue streams by leveraging its existing infrastructure and customer base. This could involve creating new products and services to better serve its existing customers, such as offering natural gas storage and transportation services, as well as exploring new opportunities in the natural gas midstream space.

Weaknesses

Below is a list of the weaknesses we have identified for the business:

1. Lack of Diversification: Archrock Partners L.P. is focused on the natural gas industry and has very limited diversification. This leaves it exposed to significant downside risk if the natural gas market declines.

2. Limited Scale: Archrock Partners L.P. is a relatively small company and does not have the scale of some of its larger competitors. This limits its ability to invest in growth opportunities and compete effectively in the marketplace.

3. High Debt Levels: Archrock Partners L.P. has a high level of debt, which increases its financial risk and leaves it vulnerable to a potential interest rate hike.

4. Dependence on Archrock, Inc.: Archrock Partners L.P. is heavily dependent on Archrock, Inc., its largest customer, for revenue. This dependence creates significant business risk if Archrock, Inc. were to experience financial difficulties.

Threats

Below is a list of the threats we have identified for the business:

1. Decline in Oil and Gas Demand: As a gas infrastructure provider, Archrock Partners L.P. is highly sensitive to fluctuations in the oil and gas demand market. A decrease in demand can lead to a decrease in revenue and profit for the company, leading to an inability to meet its financial obligations.

2. Deregulation of the Energy Industry: The deregulation of the energy industry can create an unpredictable and highly competitive market, which can threaten the sustainability of Archrock Partners L.P. The company must be able to adapt to changing regulations and remain competitive in order to remain successful.

3. Cyber Security Risks: With the increased reliance on technology, Archrock Partners L.P. is vulnerable to cyber security threats. The company must ensure the security of its systems and data to protect itself from financial losses, reputational damage, and other risks.

4. Increasing Competition: The oil and gas infrastructure market is becoming more competitive, with more players entering the market. Archrock Partners L.P. must be able to differentiate itself from competitors in order to remain competitive and successful. The company must be able to offer competitive prices, efficient services, and quality products in order to remain competitive.

5C Analysis

The 5C Analysis is a marketing framework that can be used to provide insight into the key drivers of success, as well as the risk exposure to various environmental factors.

This (concise) 5C analysis examines the external and internal environment for Archrock Partners L.P.. It includes analysing the company's customers, competitors, collaborators, context, and capabilities. We have produced this short analysis to identify potential opportunities and threats to Archrock Partners L.P., as well as areas where the company needs to improve its operations or strategy.

Company: Archrock Partners L.P. is a publicly traded partnership that provides natural gas compression services throughout the U.S. and Canada. The company has been in operation since 2004 and has over a decade of experience in the industry.

Collaborators: Archrock Partners has numerous partnerships with other companies in the industry, including those that provide technology and engineering services, as well as those that provide natural gas and oil.

Customers: Archrock Partners' customers include oil and gas producers, oilfield services companies, and pipeline operators. The company works closely with its customers to provide reliable, cost-effective compression services.

Competitors: Archrock Partners' competitors in the natural gas compression services industry include Energy Services Group and Aera Energy Services.

Content: Archrock Partners' website contains a wealth of information about its services, including product and service descriptions, customer testimonials, and detailed case studies. The company also maintains a blog and social media accounts to provide content related to the industry.

MOST Analysis

The MOST analysis framework is commonly used to identify an organisation's strategic goals, assess its strengths and weaknesses, and develop a plan to achieve its objectives. This analysis helps organisations to focus on what they want to achieve and how to achieve it, while also identifying potential roadblocks or obstacles that may arise along the way.

Mission
Objectives
Strategy
Tactics

We have created this analysis from a 3rd person perspective.

Innovation Scorecard

As part of our research and analysis activity, the team at Platform Executive assesses and then benchmarks businesses and the industry verticals in which they operate using a proprietary scoring mechanism.

First, we allocate a score of A-E for the industry vertical, gauged on the key organisations operating within the space; and then score the individual business using a 1-5 score.

A score of D-E within an industry means that it is potentially ripe to be disrupted by a new entrant into the marketplace; and/or vulnerable to technological change.

Likewise, a high score of 4-5 for the company in question indicates that in the view of the analysis team it lags behind notable businesses in terms of innovation and product pipeline.

Below is a guide to each score:

Industry score:

A	The industry is amongst the most innovative; with the leading players all driving the sector forward. Example industry: PaaS
B	The industry and its leading players have a good track record of innovation; and can quickly react to change. Example industry: Pharmaceutical
C	Companies operating within the sector have adequate levels of innovation; and engage in R&D activities when appropriate. Example industry: FMCG
D	Businesses operating in the industry do not invest enough time and resource into innovation. The sector is stagnant and a good candidate for disruption. Example industry: Retail Banking
E	The major players in the sector seem to lack suitable product development roadmaps; and as a result the sector is highly vulnerable to industry change. Example industry: Publishing

Company score:

1	The business is amongst the leading players in terms innovation and product pipeline. This will fulfil and reinforce the operations of the business in the medium to long-term.
2	The business has a good track record of innovation, in terms of its products and/or its business model. It is therefore more likely to be able to react and adapt to any changes to the industry.
3	The business is deemed to have an adequate innovation plan, build on research and development and sustainability where appropriate. The business has a product development strategy.
4	The business needs to invest more resource and/or intellectual capital in product development, pipelines and/or its business model. The business is at risk of stagnation.
5	The business seems to lack a suitable product development roadmap; and as a result is vulnerable to any notable industry change and/or new entrants in the marketplace.

The team at Platform Executive has judged Archrock Partners L.P. as having an innovation score of C3.

Appendices

The appendices section of this report contains supplementary information that the team at Platform Executive deems helpful in providing a more comprehensive understanding of the report's contents.

This information is not considered an essential part of the study but serves as a useful supplement to the main text.

Methodology

This study on Archrock Partners L.P. forms part of our series of competitive intelligence reports, which focuses on 10,000 of the largest corporates.

The information and data included are updated on a timely schedule to ensure that our Premium members receive the most up to date information .

The report is based on information and learning from the following sources:

Corporate websites
Proprietary research databases
SEC Filings
Corporate press releases
News articles
Financial data API's
Product-matching algorithm

Further Information

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Disclaimer

Reproduction of the content produced in this report is prohibited without the prior permission of the publisher, Platform Executive Pty Ltd.

The facts of this report have been gathered in good faith from both primary and secondary sources. It is believed to be correct at the time of publication, but cannot be guaranteed. As such Platform Executive can accept no liability whatever for actions taken based on any information that may subsequently prove to be incorrect.

Changelog

Premium members: To request a priority update to this report, please contact us. Our standard turnaround time is normally 48 hours.

The changelog for this report can be found below, complete with the next scheduled update:

v1.1: Initial load of report
Date: 1st March 2023

Key Financials added (BETA)
Date: 17th March 2023

Next scheduled update: 25th April 2023

Industry Keywords

Related keywords:

Archrock Partners Exploration & Production Midstream Natural Gas

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