Power Generation

Aerial view of reddish-brown West Texas land criss-crossed by pale gravel roads linking dozens of small square well pads, with cloud shadows scattered across the ground and a highway running diagonally at right.

Archrock Will Pay Up to $450 Million for HiVolt, a West Texas Oilfield Power Supplier Whose Price Rests on Earnings Due in 2028

Archrock, a Houston contract compression company, agreed on 10 November 2026 to buy HiVolt Energy Holdings, which runs gas-fired microgrids for oil and gas producers, for $415 million in cash at closing and up to $35 million more in earnouts. Archrock puts the price at about 6.1 times HiVolt's expected 2028 adjusted EBITDA. The deal needs regulatory approval and is expected to close in early 2027.

By Alison Acosta 3 hours ago

A beige diesel generator set with CAT lettering on its enclosure and an exhaust silencer on top stands in a parking lot beside parked cars, with autumn trees behind.

Markets

Caterpillar's Backlog Hit a Record $78 Billion, Up 96 Per Cent in a Year. Its Dealers Plan to Cut $1.6 Billion of Inventory This Quarter.

Caterpillar's sales rose 17 per cent to $20.7 billion in the third quarter and adjusted profit was $7.20 a share, the company said on Thursday. Its order backlog reached a record $78 billion, up about $38 billion from a year earlier. It expects construction equipment volume to fall modestly in the fourth quarter as dealers shrink their stocks.

By Daniel Okafor October 29, 2026

Tagged stories

Archrock Will Pay Up to $450 Million for HiVolt, a West Texas Oilfield Power Supplier Whose Price Rests on Earnings Due in 2028

Caterpillar's Backlog Hit a Record $78 Billion, Up 96 Per Cent in a Year. Its Dealers Plan to Cut $1.6 Billion of Inventory This Quarter.