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 Archrock Partners Reports Fourth-Quarter and Full-Year 2015 Results
   Thursday, February 25, 2016 6:15:02 AM ET

--Distributable Cash Flow coverage of 1.17x for fourth quarter 2015

Archrock Partners, L.P. (APLP ) today reported EBITDA, as further adjusted (as defined below), of $75.3 million for the fourth quarter 2015, compared to $78.2 million for the third quarter 2015 and $80.5 million for the fourth quarter 2014. Distributable cash flow (as defined below) was $46.3 million for the fourth quarter 2015, compared to $45.2 million for the third quarter 2015 and $53.4 million for the fourth quarter 2014.

Revenue was $161.4 million for the fourth quarter 2015, compared to $163.3 million for the third quarter 2015 and $161.1 million for the fourth quarter 2014.

Net income, excluding certain items, for the fourth quarter 2015 was $16.3 million, or $0.19 per diluted limited partner unit, compared to net income, excluding certain items, of $18.7 million, or $0.23 per diluted limited partner unit, for the third quarter 2015, and $23.8 million, or $0.36 per diluted limited partner unit, for the fourth quarter 2014. In the fourth quarter 2015, excluded items include a non-cash goodwill impairment of $127.8 million and a non-cash long-lived asset impairment of $26.5 million.

EBITDA, as further adjusted, was $315.5 million for 2015, compared to $280.2 million for 2014. Distributable cash flow totaled $190.7 million in 2015, compared to $177.6 million in 2014.

Revenue was $656.8 million for 2015, compared to $581.0 million for 2014. Net income, excluding certain items, for 2015 was $83.0 million, or $1.09 per diluted limited partner unit. Net income, excluding certain items, for 2014 was $77.7 million, or $1.18 per diluted limited partner unit. In 2015, excluded items include a non-cash goodwill impairment of $127.8 million, a non-cash long-lived asset impairments of $39.0 million, and expensed acquisition cost of $0.3 million.

"In the fourth quarter, Archrock Partners performed well and continued to demonstrate the relative stability of our production-related services business despite the difficult market environment," said Brad Childers, Chairman, President and Chief Executive Officer of Archrock Partners’ managing general partner. "Going forward, we are highly focused on cost management and working with our customers to maintain operating horsepower through this challenging period."

For the fourth quarter 2015, Archrock Partners’ quarterly cash distribution was $0.5725 per limited partner unit, or $2.29 per limited partner unit on an annualized basis. The fourth-quarter 2015 distribution was unchanged from the third-quarter 2015 distribution and $0.015 higher than the fourth-quarter 2014 distribution of $0.5575 per limited partner unit.

Conference Call Details

Archrock, Inc. and Archrock Partners, L.P. will host a joint conference call on Thursday, Feb. 25, 2016, to discuss their fourth-quarter 2015 financial results. The call will begin at 11:00 a.m. Eastern Time.

To listen to the call via a live webcast, please visit Archrock’s website at www.archrock.com. The call will also be available by dialing 1-800-446-1671 in the United States and Canada or +1-847-413-3362 for international calls. Please call approximately 15 minutes prior to the scheduled start time and reference Archrock conference call number 41861269.

A replay of the conference call will be available on Archrock’s website for approximately seven days. Also, a replay may be accessed by dialing 1-888-843-7419 in the United States and Canada, or +1-630-652-3042 for international calls. The access code is 41861269#.

EBITDA, as further adjusted, a non-GAAP measure, is defined as net income (loss) (a) excluding income taxes, interest expense (including debt extinguishment costs and gain or loss on termination of interest rate swaps), depreciation and amortization expense, impairment charges, restructuring charges, expensed acquisition costs, other items and non-cash selling, general and administrative ("SG&A") costs (b) plus the amounts reimbursed to us by Archrock, Inc. as a result of caps on cost of sales and SG&A costs provided in the omnibus agreement to which Archrock, Inc. and Archrock Partners are parties (the "Omnibus Agreement"), which amounts are treated as capital contributions from Archrock, Inc. for accounting purposes.

EBITDA, as further adjusted (without the benefit of the cost caps), a non-GAAP measure, is defined as EBITDA, as further adjusted, less the amounts reimbursed to us by Archrock, Inc. as a result of caps on cost of sales and SG&A costs provided in the Omnibus Agreement.

Distributable cash flow, a non-GAAP measure, is defined as net income (loss) (a) plus depreciation and amortization expense, impairment charges, restructuring charges, expensed acquisition costs, non-cash SG&A costs, interest expense and any amounts reimbursed to us by Archrock, Inc. as a result of the caps on cost of sales and SG&A costs provided in the Omnibus Agreement, which amounts are treated as capital contributions from Archrock, Inc. for accounting purposes, (b) less cash interest expense (excluding amortization of deferred financing fees, amortization of debt discount and non-cash transactions related to interest rate swaps) and maintenance capital expenditures, and (c) excluding gains or losses on asset sales and other items.

Distributable cash flow (without the benefit of cost caps), a non-GAAP measure, is defined as distributable cash flow less the amounts reimbursed to us by Archrock, Inc. as a result of caps on cost of sales and SG&A costs provided in the Omnibus Agreement.

Gross margin, a non-GAAP measure, is defined as total revenue less cost of sales (excluding depreciation and amortization expense). Gross margin percentage is defined as gross margin divided by revenue.

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. (AROC ) owns an equity interest in Archrock Partners, including all of the general partner interest. For more information, visit www.archrock.com.

Forward-Looking Statements

All statements in this release (and oral statements made regarding the subjects of this release) other than historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside Archrock Partners’ control, which could cause actual results to differ materially from such statements. Forward-looking information includes, but is not limited to: Archrock Partners’ financial and operational strategies and ability to successfully effect those strategies; Archrock Partners’ expectations regarding future economic and market conditions; Archrock Partners’ financial and operational outlook and ability to fulfill that outlook; and demand for Archrock Partners’ services; and Archrock Partners’ cost reduction plans.

While Archrock Partners believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in predicting certain important factors that could impact the future performance or results of its business. Among the factors that could cause results to differ materially from those indicated by such forward-looking statements are: local, regional and national economic conditions and the impact they may have on Archrock Partners and its customers; changes in tax laws that impact master limited partnerships; conditions in the oil and gas industry, including a sustained decrease in the level of supply or demand for oil or natural gas or a sustained decrease in the price of oil or natural gas; changes in safety, health, environmental and other regulations; the financial condition of Archrock Partners’ customers; the failure of any customer to perform its contractual obligations; and the performance of Archrock, Inc.

These forward-looking statements are also affected by the risk factors, forward-looking statements and challenges and uncertainties described in Archrock Partners’ (formerly Exterran Partners, L.P.) Annual Report on Form 10-K for the year ended December 31, 2014, and those set forth from time to time in Archrock Partners’ filings with the Securities and Exchange Commission, which are available at www.archrock.com. Except as required by law, Archrock Partners expressly disclaims any intention or obligation to revise or update any forward-looking statements whether as a result of new information, future events or otherwise.

                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                          ARCHROCK PARTNERS, L.P.
                                                                                                                                                                                         UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                                                                                                                                                                                  (In thousands, except per unit amounts)
                                                                                                                                                                                                                                                                                                                                                                                         
                                                                                                                                                                       Three Months Ended                                                                                                                                                                               Years Ended
                                                                                         ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------                                          -------------------------------------------------------------------------------------------------------------------------
                                                                                                             December 31,                                                  September 30,                                                December 31,                                                                                December 31,                                                           December 31,
                                                                                                                2015                                                           2015                                                         2014                                                                                        2015                                                                   2014
                                                                                         ---------------------------------------------------                      ------------------------------                     --------------------------------------------------                                          --------------------------------------------------                     --------------------------------------------------
                                                                                                                                                                                                                                                                                                                                                                                         
                                                                                                                                                                                                                                                                                                                                                                                         
Revenue                                                                                                     $  161,419                                                               $ 163,293                                          $ 161,133                                                                                   $ 656,808                                                              $ 581,036
                                                                                                                                                                                                                                                                                                                                                                                         
Costs and expenses:
   Cost of sales (excluding depreciation and amortization)                                                      63,505                                                                  63,877                                             63,148                                                                                     258,492                                                                238,038
   Depreciation and amortization                                                                                39,932                                                                  40,262                                             34,969                                                                                     155,786                                                                128,196
   Long-lived asset impairment                                                                                  26,514                                                                   7,163                                              4,775                                                                                      38,987                                                                 12,810
   Restructuring charges                                                                                             -                                                                       -                                                  -                                                                                           -                                                                    702
   Goodwill impairment                                                                                         127,757                                                                       -                                                  -                                                                                     127,757                                                                      -
   Selling, general and administrative                                                                          22,967                                                                  20,729                                             21,364                                                                                      85,586                                                                 80,521
   Interest expense                                                                                             18,619                                                                  19,048                                             17,225                                                                                      74,581                                                                 57,811
   Other (income) expense, net                                                                 (273 )                                                585                            (162 )                                                                 (1,391 )                                               (74 )
                                                                                         -------------------- -------- --------------------                       -------------------- -------                       -------------------- ------- --------------------                                           -------------------- ------- --------------------                      -------------------- ------- --------------------
      Total costs and expenses                                                              299,021                           151,664                         141,319                                               739,798                          518,004  
                                                                                         -------------------- -------- --------------------                       -------------------- -------                       -------------------- ------- --------------------                                           -------------------- ------- --------------------                      -------------------- ------- --------------------
Income (loss) before income taxes                                                                             (137,602 )                                                                11,629                                             19,814                                                                                     (82,990 )                                                               63,032
Provision for income taxes                                                                      333                               131                             889                                                 1,035                            1,313  
                                                                                         -------------------- -------- --------------------                       -------------------- -------                       -------------------- ------- --------------------                                           -------------------- ------- --------------------                      -------------------- ------- --------------------
   Net income (loss)                                                                                        $ (137,935 )                                                             $  11,498                                          $  18,925                                                                $ (84,025 )                                                            $  61,719  
                                                                                         ==================== ======== ====================                       ==================== =======                       ==================== ======= ====================                                           ==================== ======= ====================                      ==================== ======= ====================
                                                                                                                                                                                                                                                                                                                                                                                         
General partner interest in net income (loss)                                                               $    1,924                                            $   4,887                                          $   3,915                                                                $  15,832                                           $  13,240  
                                                                                         ==================== ======== ====================                       ==================== =======                       ==================== ======= ====================                                           ==================== ======= ====================                      ==================== ======= ====================
                                                                                                                                                                                                                                                                                                                                                                                         
Limited partner interest in net income (loss)                                                               $ (139,859 )                                                             $   6,611                                          $  15,010                                                                $ (99,857 )                                                            $  48,479  
                                                                                         ==================== ======== ====================                       ==================== =======                       ==================== ======= ====================                                           ==================== ======= ====================                      ==================== ======= ====================
                                                                                                                                                                                                                                                                                                                                                                                         
Weighted average common units outstanding used in income (loss) per
limited partner unit (1):
   Basic                                                                                     59,718                            59,716                          55,661                                                58,539                           54,107  
                                                                                         ==================== ======== ====================                       ==================== =======                       ==================== ======= ====================                                           ==================== ======= ====================                      ==================== ======= ====================
                                                                                                                                                                                                                                                                                                                                                                                         
   Diluted                                                                                   59,718                            59,716                          55,664                                                58,539                           54,109  
                                                                                         ==================== ======== ====================                       ==================== =======                       ==================== ======= ====================                                           ==================== ======= ====================                      ==================== ======= ====================
                                                                                                                                                                                                                                                                                                                                                                                         
Income (loss) per limited partner unit (1):
   Basic                                                                                                    $    (2.34 )                                                             $    0.11                                          $    0.27                                                                $    1.71                                           $    0.89  
                                                                                         ==================== ======== ====================                       ==================== =======                       ==================== ======= ====================                                           ==================== ======= ====================                      ==================== ======= ====================
                                                                                                                                                                                                                                                                                                                                                                                         
   Diluted                                                                                                  $    (2.34 )                                                             $    0.11                                          $    0.27                                                                $    1.71                                           $    0.89  
                                                                                         ==================== ======== ====================                       ==================== =======                       ==================== ======= ====================                                           ==================== ======= ====================                      ==================== ======= ====================
                                                                                                                                                                                                                                                                                                                                                                                         
(1) Basic and diluted income per limited partner unit is computed
using the two-class method. Under the two-class method, basic and
diluted income per limited partner unit is determined by dividing
income allocated to the limited partner units after deducting the
amounts allocated to our general partner (including distributions to
our general partner on its incentive distribution rights) and
participating securities (phantom units with nonforfeitable tandem
distribution equivalent rights to receive cash distributions), by
the weighted average number of outstanding limited partner units
excluding the weighted average number of outstanding participating
securities during the period.
                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                        ARCHROCK PARTNERS, L.P.
                                                                                                                                                                                                                  UNAUDITED SUPPLEMENTAL INFORMATION
                                                                                                                                                                                                    (In thousands, except per unit amounts, percentages and ratios)
                                                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                    Three Months Ended                                                                                                                                                                                             Years Ended
                                                                                          ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------                                          -----------------------------------------------------------------------------------------------------------------------------
                                                                                                              December 31,                                                             September 30,                                                            December 31,                                                                                  December 31,                                                             December 31,
                                                                                                                  2015                                                                     2015                                                                     2014                                                                                          2015                                                                     2014
                                                                                          ----------------------------------------------------                     ----------------------------------------------------                     ----------------------------------------------------                                          ----------------------------------------------------                     ----------------------------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                   
Revenue                                                                                                      $   161,419                                                              $   163,293                                                              $   161,133                                                                                   $   656,808                                                              $   581,036
                                                                                                                                                                                                                                                                                                                                                                                                                                                   
Gross margin (1)                                                                                             $    97,914                                                              $    99,416                                                              $    97,985                                                                                   $   398,316                                                              $   342,998
Gross margin percentage                                                                                               61 %                                                                     61 %                                                                     61 %                                                                                          61 %                                                                     59 %
                                                                                                                                                                                                                                                                                                                                                                                                                                                   
EBITDA, as further adjusted (1)                                                                              $    75,342                                                              $    78,200                                                              $    80,508                                                                                   $   315,482                                                              $   280,248
    % of revenue                                                                                                      47 %                                                                     48 %                                                                     50 %                                                                                          48 %                                                                     48 %
                                                                                                                                                                                                                                                                                                                                                                                                                                                   
EBITDA, as further adjusted (1)                                                                              $    75,342                                                              $    78,200                                                              $    80,508                                                                                   $   315,482                                                              $   280,248
Less: Cap on operating and selling, general and administrative costs                                -                                  -                             (3,610 )                                                                        -                            (13,850 )
provided by Archrock, Inc. ("AROC")
                                                                                          -------------------- --------- --------------------                      -------------------- --------- --------------------                      -------------------- --------- --------------------                                           -------------------- --------- --------------------                      -------------------- --------- --------------------
EBITDA, as further adjusted (without the benefit of the cost caps)                                           $    75,342                                           $    78,200                                           $    76,898                                                                $   315,482                                           $   266,398  
(2)
                                                                                          ==================== ========= ====================                      ==================== ========= ====================                      ==================== ========= ====================                                           ==================== ========= ====================                      ==================== ========= ====================
    % of revenue                                                                                                      47 %                                                                     48 %                                                                     48 %                                                                                          48 %                                                                     46 %
                                                                                                                                                                                                                                                                                                                                                                                                                                                   
Capital expenditures                                                                                         $    35,888                                                              $    54,396                                                              $    94,566                                                                                   $   229,202                                                              $   303,952
Less: Proceeds from sale of property, plant and equipment                                      (1,711 )                                                (734 )                                                (440 )                                                                  (13,593 )                                              (6,331 )
                                                                                          -------------------- --------- --------------------                      -------------------- --------- --------------------                      -------------------- --------- --------------------                                           -------------------- --------- --------------------                      -------------------- --------- --------------------
Net capital expenditures                                                                                     $    34,177                                           $    53,662                                           $    94,126                                                                $   215,609                                           $   297,621  
                                                                                          ==================== ========= ====================                      ==================== ========= ====================                      ==================== ========= ====================                                           ==================== ========= ====================                      ==================== ========= ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                   
Distributable cash flow (3)                                                                                  $    46,253                                                              $    45,164                                                              $    53,410                                                                                   $   190,690                                                              $   177,628
Less: Cap on operating and selling, general and administrative costs                                -                                  -                             (3,610 )                                                                        -                            (13,850 )
provided by AROC
                                                                                          -------------------- --------- --------------------                      -------------------- --------- --------------------                      -------------------- --------- --------------------                                           -------------------- --------- --------------------                      -------------------- --------- --------------------
Distributable cash flow (without the benefit of the cost caps) (2)                                           $    46,253                                           $    45,164                                           $    49,800                                                                $   190,690                                           $   163,778  
                                                                                          ==================== ========= ====================                      ==================== ========= ====================                      ==================== ========= ====================                                           ==================== ========= ====================                      ==================== ========= ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                   
Distributions declared for the period per limited partner unit                                               $    0.5725                                                              $    0.5725                                                              $    0.5575                                                                                   $    2.2750                                                              $    2.1900
Distributions declared to all unitholders for the period,                                                    $    39,680                                                              $    39,682                                                              $    35,323                                                                                   $   154,349                                                              $   136,829
including incentive distribution rights
Distributable cash flow coverage (4)                                                                               1.17x                                                                    1.14x                                                                    1.51x                                                                                         1.24x                                                                    1.30x
Distributable cash flow coverage (without the benefit of the cost                                                  1.17x                                                                    1.14x                                                                    1.41x                                                                                         1.24x                                                                    1.20x
caps) (5)
                                                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                              December 31,                                                             September 30,                                                            December 31,                                                                                  December 31,                                                             December 31,
                                                                                                                  2015                                                                     2015                                                                     2014                                                                                          2015                                                                     2014
                                                                                          ----------------------------------------------------                     ----------------------------------------------------                     ----------------------------------------------------                                          ----------------------------------------------------                     ----------------------------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                   
Debt                                                                                                         $ 1,421,965                                                              $ 1,395,166                                                              $ 1,300,295                                                                                   $ 1,421,965                                                              $ 1,300,295
Total partners’ capital                                                                                          547,996                                                                  720,324                                                                  683,341                                                                                       547,996                                                                  683,341
                                                                                                                                                                                                                                                                                                                                                                                                                                                   
(1) Management believes EBITDA, as further adjusted, and gross
margin provide useful information to investors because these
non-GAAP measures, when viewed with our GAAP results and
accompanying reconciliations, provide a more complete understanding
of our performance than GAAP results alone. Management uses these
non-GAAP measures as supplemental measures to review current period
operating performance, comparability measures and performance
measures for period to period comparisons. In addition, management
uses EBITDA, as further adjusted, as a valuation measure.
                                                                                                                                                                                                                                                                                                                                                                                                                                                   
(2) Provisions in the Omnibus Agreement that provided caps on our
obligation to reimburse AROC for operating and SG&A expenses
terminated on January 1, 2015. The benefits received by us from the
caps on operating and SG&A costs provided by AROC were $3.6 million
and $13.9 million during the three months ended December 31, 2014
and the year ended December 31, 2014, respectively. Excluding the
benefit of the cost caps from our previously defined non-GAAP
measures of EBITDA, as further adjusted, and distributable cash flow
provides external users of our consolidated financial statements
comparable measures to assess operating performance in the current
year period with operating performance in the prior year periods.
                                                                                                                                                                                                                                                                                                                                                                                                                                                   
(3) Management uses distributable cash flow, a non-GAAP measure, as
a supplemental performance and liquidity measure. Using this metric,
management can quickly compute the coverage ratio of estimated cash
flows to planned cash distributions.
                                                                                                                                                                                                                                                                                                                                                                                                                                                   
(4) Defined as distributable cash flow for the period divided by
distributions declared to all unitholders for the period, including
incentive distribution rights.
                                                                                                                                                                                                                                                                                                                                                                                                                                                   
(5) Defined as distributable cash flow excluding the benefit of the
cost caps for the period divided by distributions declared to all
unitholders for the period, including incentive distribution rights.
                                                                                                                                                                                                                                                                                         
                                                                                                                                                                                                                    ARCHROCK PARTNERS, L.P.
                                                                                                                                                                                                              UNAUDITED SUPPLEMENTAL INFORMATION
                                                                                                                                                                                                            (In thousands, except per unit amounts)
                                                                                                                                                                                                                                                                                                                                                                                                             
                                                                                                                                                                                 Three Months Ended                                                                                                                                                                                         Years Ended
                                                                                          -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------                                          -------------------------------------------------------------------------------------------------------------------------
                                                                                                             December 31,                                                            September 30,                                                          December 31,                                                                                December 31,                                                           December 31,
                                                                                                                 2015                                                                    2015                                                                   2014                                                                                        2015                                                                   2014
                                                                                          ---------------------------------------------------                     --------------------------------------------------                     --------------------------------------------------                                          --------------------------------------------------                     --------------------------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                             
Reconciliation of GAAP to Non-GAAP Financial Information:
                                                                                                                                                                                                                                                                                                                                                                                                             
   Net income (loss)                                                                                         $ (137,935 )                                                            $  11,498                                                              $  18,925                                                                                   $ (84,025 )                                                            $  61,719
   Depreciation and amortization                                                                                 39,932                                                                 40,262                                                                 34,969                                                                                     155,786                                                                128,196
   Long-lived asset impairment                                                                                   26,514                                                                  7,163                                                                  4,775                                                                                      38,987                                                                 12,810
   Restructuring charges                                                                                              -                                                                      -                                                                      -                                                                                           -                                                                    702
   Goodwill impairment                                                                                          127,757                                                                      -                                                                      -                                                                                     127,757                                                                      -
   Selling, general and administrative                                                                           22,967                                                                 20,729                                                                 21,364                                                                                      85,586                                                                 80,521
   Interest expense                                                                                              18,619                                                                 19,048                                                                 17,225                                                                                      74,581                                                                 57,811
   Other (income) expense, net                                                                                     (273 )                                                                  585                                                                   (162 )                                                                                    (1,391 )                                                                  (74 )
   Provision for income taxes                                                                    333                              131                              889                                                 1,035                            1,313  
                                                                                          -------------------- -------- --------------------                      -------------------- ------- --------------------                      -------------------- ------- --------------------                                           -------------------- ------- --------------------                      -------------------- ------- --------------------
   Gross margin (1)                                                                                              97,914                                                                 99,416                                                                 97,985                                                                                     398,316                                                                342,998
   Cap on operating costs provided by Archrock, Inc. ("AROC")                                                         -                                                                      -                                                                      -                                                                                           -                                                                  2,536
   Cap on selling, general and administrative costs provided by AROC                                                  -                                                                      -                                                                  3,610                                                                                           -                                                                 11,314
   Expensed acquisition costs (in Other (income) expense, net)                                                        -                                                                      -                                                                     61                                                                                         302                                                                  2,471
   Non-cash selling, general and administrative costs                                                               122                                                                     98                                                                     54                                                                                       1,059                                                                  1,376
   Less: Selling, general and administrative                                                                    (22,967 )                                                              (20,729 )                                                              (21,364 )                                                                                   (85,586 )                                                              (80,521 )
   Less: Other income (expense), net                                                             273                             (585 )                                               162                                                 1,391                               74  
                                                                                          -------------------- -------- --------------------                      -------------------- ------- --------------------                      -------------------- ------- --------------------                                           -------------------- ------- --------------------                      -------------------- ------- --------------------
   EBITDA, as further adjusted (1)                                                                               75,342                                                                 78,200                                                                 80,508                                                                                     315,482                                                                280,248
   Less: Provision for income taxes                                                                                (333 )                                                                 (131 )                                                                 (889 )                                                                                    (1,035 )                                                               (1,313 )
   Less: Gain on sale of property, plant and equipment (in Other                                                   (251 )                                                                  566                                                                   (209 )                                                                                    (1,747 )                                                               (2,466 )
   (income) expense, net)
   Less: Cash interest expense                                                                                  (17,740 )                                                              (17,780 )                                                              (16,162 )                                                                                   (70,181 )                                                              (53,525 )
   Less: Maintenance capital expenditures                                                    (10,765 )                                           (15,691 )                                            (9,838 )                                                                (51,829 )                                           (45,316 )
                                                                                          -------------------- -------- --------------------                      -------------------- ------- --------------------                      -------------------- ------- --------------------                                           -------------------- ------- --------------------                      -------------------- ------- --------------------
   Distributable cash flow (2)                                                                               $   46,253                                           $  45,164                                           $  53,410                                                                $ 190,690                                           $ 177,628  
                                                                                          ==================== ======== ====================                      ==================== ======= ====================                      ==================== ======= ====================                                           ==================== ======= ====================                      ==================== ======= ====================
                                                                                                                                                                                                                                                                                                                                                                                                             
                                                                                                                                                                                                                                                                                                                                                                                                             
   Cash flows from operating activities                                                                      $   42,884                                                              $  78,187                                                              $  48,599                                                                                   $ 241,166                                                              $ 185,764
   Provision for doubtful accounts                                                                               (1,065 )                                                                 (721 )                                                                 (480 )                                                                                    (2,255 )                                                               (1,060 )
   Cap on operating costs provided by AROC                                                                            -                                                                      -                                                                      -                                                                                           -                                                                  2,536
   Cap on selling, general and administrative costs provided by AROC                                                  -                                                                      -                                                                  3,610                                                                                           -                                                                 11,314
   Expensed acquisition costs                                                                                         -                                                                      -                                                                     61                                                                                         302                                                                  2,471
   Restructuring charges                                                                                              -                                                                      -                                                                      -                                                                                           -                                                                    702
   Payments for settlement of interest rate swaps that include                                                     (913 )                                                                 (938 )                                                                 (949 )                                                                                    (3,728 )                                                               (3,793 )
   financing elements
   Maintenance capital expenditures                                                                             (10,765 )                                                              (15,691 )                                                               (9,838 )                                                                                   (51,829 )                                                              (45,316 )
   Change in assets and liabilities                                                           16,112                          (15,673 )                                            12,407                                                 7,034                           25,010  
                                                                                          -------------------- -------- --------------------                      -------------------- ------- --------------------                      -------------------- ------- --------------------                                           -------------------- ------- --------------------                      -------------------- ------- --------------------
   Distributable cash flow (2)                                                                               $   46,253                                           $  45,164                                           $  53,410                                                                $ 190,690                                           $ 177,628  
                                                                                          ==================== ======== ====================                      ==================== ======= ====================                      ==================== ======= ====================                                           ==================== ======= ====================                      ==================== ======= ====================
                                                                                                                                                                                                                                                                                                                                                                                                             
   Net income (loss)                                                                                         $ (137,935 )                                                            $  11,498                                                              $  18,925                                                                                   $ (84,025 )                                                            $  61,719
   Items:
   Long-lived asset impairment                                                                                   26,514                                                                  7,163                                                                  4,775                                                                                      38,987                                                                 12,810
   Restructuring charges                                                                                              -                                                                      -                                                                      -                                                                                           -                                                                    702
   Goodwill impairment                                                                                          127,757                                                                      -                                                                      -                                                                                     127,757                                                                      -
   Expensed acquisition costs                                                                      -                                -                               61                                                   302                            2,471  
                                                                                          -------------------- -------- --------------------                      -------------------- ------- --------------------                      -------------------- ------- --------------------                                           -------------------- ------- --------------------                      -------------------- ------- --------------------
   Net income, excluding items                                                                               $   16,336                                           $  18,661                                           $  23,761                                                                $  83,021                                           $  77,702  
                                                                                          ==================== ======== ====================                      ==================== ======= ====================                      ==================== ======= ====================                                           ==================== ======= ====================                      ==================== ======= ====================
                                                                                                                                                                                                                                                                                                                                                                                                             
   Diluted earnings per limited partner unit                                                                 $    (2.34 )                                                            $    0.11                                                              $    0.27                                                                                   $    1.71                                                              $    0.89
   Adjustment for items per limited partner unit                                                2.53                             0.12                             0.09                                                 (0.62 )                                              0.29  
                                                                                          -------------------- -------- --------------------                      -------------------- ------- --------------------                      -------------------- ------- --------------------                                           -------------------- ------- --------------------                      -------------------- ------- --------------------
   Diluted earnings per limited partner unit, excluding items (1)                                            $     0.19                                           $    0.23                                           $    0.36                                                                $    1.09                                           $    1.18  
                                                                                          ==================== ======== ====================                      ==================== ======= ====================                      ==================== ======= ====================                                           ==================== ======= ====================                      ==================== ======= ====================
                                                                                                                                                                                                                                                                                                                                                                                                             
(1) Management believes EBITDA, as further adjusted, diluted income
per limited partner unit, excluding items, and gross margin provide
useful information to investors because these non-GAAP measures,
when viewed with our GAAP results and accompanying reconciliations,
provide a more complete understanding of our performance than GAAP
results alone. Management uses these non-GAAP measures as
supplemental measures to review current period operating
performance, comparability measures and performance measures for
period to period comparisons. In addition, management uses EBITDA,
as further adjusted, as a valuation measure.
                                                                                                                                                                                                                                                                                                                                                                                                             
(2) Management uses distributable cash flow, a non-GAAP measure, as
a supplemental performance and liquidity measure. Using this metric,
management can quickly compute the coverage ratio of estimated cash
flows to planned cash distributions.
                                                                                                                                                                                            
                                                                                                                                                            ARCHROCK PARTNERS, L.P.
                                                                                                                                                      UNAUDITED SUPPLEMENTAL INFORMATION
                                                                                                                                                      (In thousands, except percentages)
                                                                                                                                                                                                                                                                                                                
                                                                                                                                            Three Months Ended                                                                                                                                   Years Ended
                                                                                      ------------------------------------------------------------------------------------------------------------------------------                                          ---------------------------------------------------------------------------------
                                                                                              December 31,                                     September 30,                                    December 31,                                                          December 31,                                       December 31,
                                                                                                  2015                                             2015                                             2014                                                                  2015                                               2014
                                                                                      --------------------------                       --------------------------                       --------------------------                                            --------------------------                       ------------------------------
                                                                                                                                                                                                                                                                                                                
Total available horsepower (at period end) (1)                                         3,320                         3,383                         3,139                                              3,320                             3,139  
                                                                                      ====== ====================                      ====== ====================                      ====== ====================                                           ====== ====================                      ========== ====================
                                                                                                                                                                                                                                                                                                                
Total operating horsepower (at period end) (1)                                         3,030                         3,107                         3,040                                              3,030                             3,040  
                                                                                      ====== ====================                      ====== ====================                      ====== ====================                                           ====== ====================                      ========== ====================
                                                                                                                                                                                                                                                                                                                
Average operating horsepower                                                           3,065                         3,119                         2,985                                              3,087                             2,710  
                                                                                      ====== ====================                      ====== ====================                      ====== ====================                                           ====== ====================                      ========== ====================
                                                                                                                                                                                                                                                                                                                
Horsepower Utilization:
   Spot (at period end)                                                                   91 %                                             92 %                                             97 %                                                                  91 %                                                 97 %
   Average                                                                                91 %                                             93 %                                             96 %                                               93 %                                                 95 %
                                                                                                                                                                                                                                                                                                                
Total available contract operations horsepower of Archrock, Inc.                       4,011                                            4,267                                            4,209                                                                 4,011                                                4,209
and Archrock Partners (at period end)
                                                                                                                                                                                                                                                                                                                
Total operating contract operations horsepower of Archrock, Inc.                       3,493                                            3,580                                            3,700                                                                 3,493                                                3,700
and Archrock Partners (at period end)
                                                                                                                                                                                                                                                                                                                
(1) Includes compressor units leased from Archrock, Inc. with an
aggregate horsepower of approximately 17,000, 1,000 and 79,000 at
December 31, 2015, September 30, 2015, and December 31, 2014,
respectively. Excludes compressor units leased to Archrock with an
aggregate horsepower of approximately 12,000, 1,000, 100 at December
31, 2015, September 30, 2015, and December 31, 2014, respectively.

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20160225005565r1&sid=cmtx6&distro=nx&lang=en

View source version on businesswire.com: http://www.businesswire.com/news/home/20160225005565/en/

SOURCE: Archrock Partners, L.P.

Archrock Partners, L.P. 
Media: 
Lisa Walsh, 281-836-8602 
Investors: 
David Miller, 281-836-8895


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