Kodiak Gas Services Inc

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Kodiak Gas Services Inc (KGS) achieves record Q2 earnings and raises guidance on strong performance and market positioning

Kodiak Gas Services Inc (KGS) delivered a robust performance in Q2 2024, driven by record revenues, improved financial metrics, and successful integration with CSI. Despite potential challenges in utilization and market dynamics, Kodiak remains optimistic about future growth prospects in the compression market.

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Kodiak Gas Services, Inc. engages in the operation of contract compression infrastructure. It operates through the Compression Operations and Other Services. Compression Operations and Other Services. The Compression Operations segment consists of operating company-owned and customer-owned compression infrastructure for customers, pursuant to fixed-revenue contracts to enable the production, gathering and transportation of natural gas and oil. The Other Services segment offers a full range of contract services to support the needs of their customers, including station construction, maintenance and overhaul, and other ancillary time and material based offerings. The company was founded by Mickey McKee on December 19, 2018 and is headquartered in Montgomery, TX.

Kodiak Gas (KGS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Kodiak Gas (KGS) a New Buy Stock

Kodiak Gas Services, Inc. (KGS) Q4 2023 Earnings Call Transcript

THE WOODLANDS, Texas , March 6, 2024 /PRNewswire/ -- 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, 2023 and also provided full-year 2024 guidance. Fourth  Quarter 2023 Highlights Total revenues for fourth quarter 2023 were $226.0 million compared to $179.8 million for fourth quarter 2022.

Kodiak Gas Services Reports Fourth Quarter and Full Year 2023 Results; Achieves Record Annual Revenues and Adjusted EBITDA; Provides Full Year 2024 Guidance

CSI Compressco

MONTGOMERY, Texas and THE WOODLANDS, Texas , Feb. 21, 2024 /PRNewswire/ -- Kodiak Gas Services, Inc. ("Kodiak" or the "Company") (NYSE: KGS) and CSI Compressco LP (the "Partnership") (NASDAQ: CCLP) today announced that, following the Securities and Exchange Commission declaring effective the Registration Statement on Form S-4/A (Registration No. 333-276508) on February 20, 2024, certain of the Partnership's unitholders have delivered written consents approving the Agreement and Plan of Merger, dated December 19, 2023 by and between Kodiak, the Partnership, CSI Compressco GP LLC (the "General Partner") and certain of their respective affiliates (the "Merger Agreement").

Kodiak Gas Services, Inc. Announces Receipt of Consents to the Merger Agreement from Supporting Unitholders

MONTGOMERY, Texas , Feb. 20, 2024 /PRNewswire/ -- Kodiak Gas Services, Inc. (NYSE: KGS), ("Kodiak" or the "Company"), a leading provider of critical energy infrastructure and contract compression services, today announced that it will release 2023 fourth quarter and full year financial results on Wednesday, March 6, 2024 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 7, 2024 at 11:00 a.m.

Kodiak Gas Services Announces 2023 Fourth Quarter and Full Year Earnings Release, Conference Call Schedule and Expected Mailing Date of Consent Statement/Prospectus

MONTGOMERY, Texas , Jan. 30, 2024 /PRNewswire/ -- Kodiak Gas Services, Inc. (NYSE: KGS) ("Kodiak", "we" or the "Company") today announced that its wholly owned subsidiary, Kodiak Gas Services, LLC (the "Issuer"), priced its previously announced private offering (the "Offering") of $750 million in aggregate principal amount of 7.250% senior unsecured notes due 2029 (the "Notes"). The Notes will have a maturity date of February 15, 2029.

Kodiak Gas Services Announces Pricing of $750 Million Senior Unsecured Notes Offering

MONTGOMERY, Texas , Jan. 29, 2024 /PRNewswire/ -- Kodiak Gas Services, Inc. (NYSE: KGS) ("Kodiak", "we" or the "Company") today announced that its wholly owned subsidiary, Kodiak Gas Services, LLC (the "Issuer") has launched a private offering (the "Offering") of $750 million in aggregate principal amount of senior unsecured notes due 2029 (the "Notes"). The Issuer intends to use the net proceeds from the Offering to repay a portion of the outstanding indebtedness under the Issuer's revolving asset-based loan credit facility (the "ABL Facility") and to pay related fees, costs, premiums and expenses in connection therewith and with the closing of the Company's previously announced acquisition of CSI Compressco LP (the "CSI Acquisition").

Kodiak Gas Services Announces Launch of $750 Million Senior Unsecured Notes Offering

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All-equity acquisition to create the industry's largest contract compression fleet of 4.3 million revenue-generating horsepower Deepens Kodiak's position in key operating areas, including over 2.8 million horsepower in the Permian Basin Expected annual run-rate cost synergies of at least $20 million CSI Compressco unitholders will receive 0.086 shares of Kodiak common stock for each CSI Compressco common unit owned, representing a price of approximately $1.65 per unit based on the closing price of Kodiak's stock on December 18, 2023 Kodiak shareholders will realize immediate accretion to Discretionary Cash Flow and Free Cash Flow per share upon closing Transaction benefits to CSI Compressco unitholders include a significantly increased dividend, greater stock trading liquidity and significant opportunities for long-term value appreciation Kodiak to host a conference call on December 19, 2023 at 9:00 a.m. ET / 8:00 a.m.

Kodiak Gas Services, Inc. to Acquire CSI Compressco LP in an $854 Million All-Equity Transaction

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MONTGOMERY, Texas , Nov. 8, 2023 /PRNewswire/ -- 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 September 30, 2023 and also updated full-year 2023 guidance. Third Quarter 2023 Highlights Total revenues were $231.0 million compared to $182.6 million in the third quarter of 2022 Core Compression Operations segment revenues grew 14% over last year's third quarter and 3% sequentially Net income was $21.8 million compared to net income of $45.9 million in the third quarter of 2022 Adjusted EBITDA(1) was $110.1 million compared to $101.5 million in the third quarter of 2022 Horsepower utilization ended the third quarter of 2023 at 99.9% Updated full-year 2023 Adjusted EBITDA guidance to $430 to $440 million Initiated quarterly dividend of $0.38 per share, to be paid on November 10, 2023 Mickey McKee, Kodiak's founder and Chief Executive Officer, stated, "Our third quarter financial results were highlighted by record quarterly revenues and adjusted EBITDA, margin expansion in our Compression Operations segment and strong revenue growth in each of our segments.

Kodiak Gas Services Announces Third Quarter 2023 Results Including Record Quarterly Revenues and Adjusted EBITDA; Updates Full Year 2023 Guidance

Kodiak Gas Services has a high valuation and potential for a decrease in share price. The Company operates in the oil and gas industry, providing compression infrastructure services. There is a growing demand for natural gas and energy supplies, but KGS may not be at the right price for investment.

Kodiak Gas Services: Propped Up Valuation Waiting To Be Cut

Announces 2023 Third Quarter Earnings Release and Conference Call Schedule MONTGOMERY, Texas , Oct. 24, 2023 /PRNewswire/ -- Kodiak Gas Services, Inc. (NYSE: KGS), ("Kodiak" or the "Company"), a leading provider of critical energy infrastructure and contract compression services, today announced that its board of directors has declared Kodiak's first quarterly cash dividend of $0.38 per share of common stock, or $1.52 per share of common stock on an annualized basis, for the third quarter of 2023. This cash dividend will be paid on November 10, 2023 to all stockholders of record as of the close of business on November 3, 2023.

Kodiak Gas Services Initiates Quarterly Dividend of $0.38 per Share of Common Stock

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MONTGOMERY, Texas , Sept. 6, 2023 /PRNewswire/ -- Kodiak Gas Services, Inc. (NYSE: KGS), ("Kodiak" or the "Company"), a leading provider of critical energy infrastructure and contract compression services, today announced that it will be added to the Russell 2000®, Russell 2500®, Russell 3000® and Russell Small Cap Completeness® indexes as part of the Russell Indexes' planned third quarter IPO additions.

Kodiak Gas Services to be Added to Four Russell US Indexes

MONTGOMERY, Texas , Aug. 30, 2023 /PRNewswire/ -- Kodiak Gas Services, Inc. (NYSE: KGS) ("Kodiak" or the "Company"), a leading provider of critical energy infrastructure and contract compression services, today announced that it will participate in the Barclays CEO Energy-Power Conference in New York City on Tuesday and Wednesday, September 5 th & 6th, 2023. In addition to hosting one-on-one meetings with investors, Kodiak's senior management will also be conducting an investor presentation on Wednesday at 3:00 p.m.

Kodiak Gas Services to Participate in the Barclays CEO Energy-Power Conference

MONTGOMERY, Texas , Aug. 9, 2023 /PRNewswire/ -- 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 June 30, 2023 and provided full-year 2023 guidance. Second-Quarter 2023 Highlights Total revenues were $203.3 million, an increase of 14.8% compared to $177.2 million in the second quarter of 2022 Net income was $17.5 million, compared to net income of $8.9 million in the second quarter of 2022 Adjusted EBITDA(1) was $107.9 million, an increase of 11.3% compared to $96.9 million in the second quarter of 2022; Adjusted EBITDA for the six months ended June 30, 2023 was $214.2 million Horsepower utilization ended the second quarter of 2023 at 99.9% Establishes full-year 2023 Adjusted EBITDA guidance of $425 to $440 million Guidance includes an estimated quarterly dividend of $0.35 to $0.40 per share, payable subject to the board of directors' approval beginning in the fourth quarter Completed initial public offering (IPO) of 16 million shares for net proceeds of $231.4 million (received July 3, 2023) Underwriters fully exercised their overallotment option in July 2023, resulting in the issuance and sale of an additional 2.4 million shares for net proceeds of $36.2 million Mickey McKee, Kodiak's founder and Chief Executive Officer, stated, "We are proud to report strong second quarter financial results, including record quarterly revenues and adjusted EBITDA, driven by continued high demand for our contract compression and other services.

Kodiak Gas Services Announces Second-Quarter 2023 Results Including Record Quarterly Revenues and Provides Full-Year 2023 Guidance

MONTGOMERY, Texas , Aug. 3, 2023 /PRNewswire/ -- Kodiak Gas Services, Inc. (NYSE: KGS), ("Kodiak" or the "Company"), a leading provider of critical energy infrastructure and contract compression services, today announced that it will release second quarter 2023 financial results on Wednesday, August 9, 2023 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, August 10, 2023 at 11:00 a.m.

Kodiak Gas Services Announces 2023 Second Quarter Earnings Release and Conference Call Schedule

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Kodiak's IPO was weak due to being released just before a major summer holiday. Yet, the firm is in a strong business that produces solid ongoing cash flows. Near-term expected drivers include positive coverage from major Wall Street firms and declaration of a dividend.

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