Equity

6 Months Ended

Jun. 30, 2019

15. Equity

Merger Transaction

In April 2018, we completed the Merger and acquired all of the common units of the Partnership not owned by us prior to the Merger. As a result of the Merger, the Partnership’s common units are no longer publicly traded. The 2021 Notes and 2022 Notes were not impacted by the Merger.

As we controlled the Partnership prior to the Merger and continue to control the Partnership after the Merger, we accounted for the change in our ownership interest in the Partnership as an equity transaction in the second quarter of 2018 and no gain or loss was recognized in our condensed consolidated statements of operations as a result of the Merger. The tax effects of the Merger were reported as adjustments to other assets, noncurrent assets associated with discontinued operations, deferred income taxes, additional paid-in capital and other comprehensive income.

The following table presents the effects of changes in our ownership interest in the Partnership on the equity attributable to Archrock stockholders:



	Six Months Ended June 30, 2018
Net loss attributable to Archrock stockholders	$	(1,879	)
Decrease in Archrock stockholders’ additional paid-in capital for purchase of Partnership common units	52,815
Change from net loss attributable to Archrock stockholders and transfers from noncontrolling interest	$	50,936

Prior to the Merger, public unitholders held a 57% ownership interest in the Partnership and we owned the remaining 43% equity interest. The earnings of the Partnership that were attributed to its common units held by the public prior to the Merger are reflected in net income attributable to the noncontrolling interest in our condensed consolidated statements of operations.

Cash Dividends

The following table summarizes our dividends declared and paid in each of the quarterly periods of 2019 and 2018:



	Dividends per Common Share		Total Dividends (in thousands)
2018
Q1	$	0.120	$	8,532
Q2	0.120		15,486
Q3	0.132		17,114
Q4	0.132		17,156

2019
Q1	$	0.132	$	17,231
Q2	0.132		17,206

On July 24, 2019, our board of directors declared a quarterly dividend of $0.145 per share of common stock to be paid on August 14, 2019 to stockholders of record at the close of business on August 7, 2019.