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    Nate Pendelton

    Vice President and Senior Research Analyst at Texas Capital

    Nate Pendelton is a Vice President and Senior Research Analyst at Texas Capital, specializing in equity research across the industrial and services sectors. He covers a range of publicly traded companies in these spaces, delivering research insights supported by rigorous financial analysis and sector-specific expertise. Pendelton began his career in investment research in the early 2010s, with prior roles at boutique equity research firms before joining Texas Capital, and he has been recognized for his disciplined approach and strong sector knowledge. He holds the Chartered Financial Analyst (CFA) designation and maintains FINRA Series 7 and 63 licenses, underscoring his professional credentials in the financial industry.

    Nate Pendelton's questions to Archrock (AROC) leadership

    Nate Pendelton's questions to Archrock (AROC) leadership • Q4 2024

    Question

    Nate Pendelton from Texas Capital asked about the expected cadence of CapEx spending throughout 2025 and inquired about the current thinking on share repurchases within the capital allocation strategy.

    Answer

    CFO Doug Aron indicated that CapEx spending would be front-loaded in Q1 due to carryover and strong demand, then become more rateable for the rest of the year. He also noted the potential for non-strategic asset sales to support cash flow. President and CEO Brad Childers described share repurchases as an opportunistic tool in the capital allocation framework, to be used when there is perceived weakness in the share price and discussed quarterly by the Board.

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