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14.05.25 - 23:33
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EQT completes sale of common stock of Kodiak Gas Services (PR Newswire)
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The sale resulted in gross proceeds of c. USD126 million NEW YORK, May 14, 2025 /PRNewswire/ -- An affiliate of the funds known as EQT Infrastructure III and EQT Infrastructure IV ("EQT") is pleased to announce the completion of the sale (the "Sale") of c. 3.2 million shares of common......
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13.05.25 - 01:03
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Kodiak Gas Services Announces Closing of Sale of Common Stock by Selling Stockholder Pursuant to Rule 144 (Business Wire)
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THE WOODLANDS, Texas--(BUSINESS WIRE)--Kodiak Gas Services, Inc. (NYSE: KGS) (“Kodiak” or the “Company”) today announced the closing of a sale of 3.22 million shares of its common stock by an affiliate of the funds known as EQT Infrastructure III and EQT Infrastructure IV (the “selling stockholder”) pursuant to Rule 144 under the Securities Act of 1933, as amended (the “Rule 144 Sale”). Kodiak did not receive any proceeds from the Rule 144 Sale by the selling stockholder. J.P. Morgan acted as the broker for the Rule 144 Sale.
Concurrently with the Rule 144 Sale, the Company purchased from the selling stockholder in a private transaction $10 million of its common stock at a price per share equal to the price per share received by the selling stockholder in the Rule 144 Sale (the “Share Repurchase”). The Share Repurchase was conducted pursuant to the Company's existing $50.0 million share repurchase program. In November 2024, the Company announced that its Board of Directors authorized ...
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07.05.25 - 23:06
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Kodiak Gas Services Announces First Quarter 2025 Financial Results, Provides Updated Full Year 2025 Guidance (Business Wire)
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THE WOODLANDS, Texas--(BUSINESS WIRE)--Kodiak Gas Services, Inc. (NYSE: KGS) (“Kodiak” or the “Company”), a leading provider of critical energy infrastructure and contract compression services, today reported financial and operating results for the quarter ended March 31, 2025 and updated full-year 2025 guidance.
Net income attributable to common shareholders for the quarter ended March 31, 2025 was $30.4 million, compared to $19.1 million and $30.2 million for the quarters ended December 31, 2024 and March 31, 2024, respectively.
First Quarter 2025 and Recent Highlights
Record quarterly adjusted EBITDA(1) of $177.7 million
Contract Services adjusted gross margin percentage(1) increased sequentially to 67.7%
Deployed 48,900 horsepower of new, large horsepower compression units
Fleet utilization increased sequentially to 96.9%
Repurchased approximately $10 million of common stock at an average price of $36.87
Increased quarterly dividend by 10% to $0.45 per share, or $1.80 per share annualized
Revi...
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24.04.25 - 01:06
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Kodiak Gas Services Announces Increased Quarterly Dividend and First Quarter 2025 Earnings Release and Conference Call Schedule (Business Wire)
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THE WOODLANDS, Texas--(BUSINESS WIRE)--Kodiak Gas Services, Inc. (NYSE: KGS), (“Kodiak” or the “Company”) today announced that its board of directors has declared an increase to its quarterly cash dividend to $0.45 per share of common stock for the first quarter of 2025 (the “Common Stock Dividend”). This Common Stock Dividend represents a ten percent increase over the Common Stock Dividend declared for the fourth quarter of 2024 and will be paid on May 15, 2025 to all stockholders of record as of the close of business on May 5, 2025.
In conjunction with the Common Stock Dividend, Kodiak Gas Services, LLC (“Kodiak Services”), a subsidiary of Kodiak, has declared a distribution of $0.45 per unit for the first quarter of 2025, which will be paid on May 15, 2025 to all unitholders of record of Kodiak Services on May 5, 2025.
Mickey McKee, Kodiak's President and Chief Executive Officer, commented “the increased dividend we announced today reflects the strength of Kodiak's business model an...
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05.03.25 - 23:39
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Kodiak Gas Services Reports Fourth Quarter and Full Year 2024 Results; Provides Full Year 2025 Guidance (Business Wire)
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THE WOODLANDS, Texas--(BUSINESS WIRE)--Kodiak Gas Services, Inc. (NYSE: KGS) (“Kodiak” or the “Company”), a leading provider of critical energy infrastructure and contract compression services, today reported financial and operating results for the fourth quarter and full year ended December 31, 2024 and also provided full year 2025 guidance.
Net income attributable to common shareholders for the fourth quarter and full year ended December 31, 2024 was $19.1 million and $49.9 million, respectively, compared to a net loss of $6.9 million and net income of $20.1 million for the fourth quarter and full year ended December 31, 2023, respectively.
Fourth Quarter 2024 Highlights
Contract Services segment adjusted gross margin percentage(1) increased sequentially to 66.7%
Fleet utilization increased sequentially to 97%
Divested approximately 33,000 horsepower of non-core compression assets and exited operations in South America
Announced and executed on $15 million of a $50 million share repurchase progr...
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03.02.25 - 23:03
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Kodiak Gas Services Announces Quarterly Dividend and Fourth Quarter and Full Year 2024 Earnings Release and Conference Call Schedule (Business Wire)
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THE WOODLANDS, Texas--(BUSINESS WIRE)--Kodiak Gas Services, Inc. (NYSE: KGS), (“Kodiak” or the “Company”) today announced that its board of directors has declared a cash dividend of $0.41 per share of common stock for the fourth quarter of 2024 (the “Common Stock Dividend”). This Common Stock Dividend will be paid on February 21, 2025 to all stockholders of record as of the close of business on February 14, 2025.
In conjunction with the Common Stock Dividend, Kodiak Gas Services, LLC (“Kodiak Services”), a subsidiary of Kodiak, has declared a distribution of $0.41 per unit for the fourth quarter of 2024, which will be paid on February 21, 2025 to all unitholders of record of Kodiak Services on February 14, 2025.
Kodiak will release fourth-quarter and full year 2024 financial results on Wednesday, March 5, 2025 after the market closes. In conjunction with the release, the Company has scheduled a conference call, which will also be broadcast live over the Internet, on Thursday, March 6, 2025...
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