Kodiak Gas Services Inc Stock Price, News & Analysis

Kodiak Gas Services (NYSE: KGS) has announced a private offering of $200 million in additional 6.500% senior unsecured notes due 2033. The notes will be issued through its subsidiary, Kodiak Gas Services, LLC, under the existing indenture dated September 5, 2025.

The company plans to use the net proceeds to repay a portion of its outstanding revolving asset-based loan credit facility. The offering is restricted to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S, and the notes will not be registered under the Securities Act of 1933.

EQT Infrastructure, through its affiliate Frontier TopCo Partnership, has completed an underwritten public offering of 10 million shares of Kodiak Gas Services (NYSE: KGS) common stock. The offering, underwritten by Goldman Sachs & Co. LLC, generated gross proceeds of $344 million.

It's important to note that Kodiak Gas Services did not sell any shares in this offering and will not receive any proceeds from the sale, as all shares were sold by the EQT-affiliated selling stockholder.

Kodiak Gas Services (NYSE: KGS) has announced the pricing of an underwritten secondary offering of 10,000,000 shares of common stock by Selling Stockholder Frontier TopCo Partnership, an affiliate of EQT Infrastructure III and IV funds. The shares are priced at $34.40 per share.

The offering is expected to close on September 9, 2025. Goldman Sachs & Co. LLC is serving as the underwriter. Importantly, Kodiak will not sell any shares or receive any proceeds from this offering, as it represents a sale by existing shareholders.

Kodiak Gas Services (NYSE: KGS) announced a secondary public offering of 10 million shares of common stock by its major shareholder, Frontier TopCo Partnership, L.P., an affiliate of EQT Infrastructure III and IV funds. The offering will be underwritten by Goldman Sachs & Co. LLC as the sole underwriter.

Notably, Kodiak will not sell any shares or receive any proceeds from this offering, as all shares are being sold by the existing stockholder. The offering will be conducted through a prospectus supplement and base prospectus filed under an automatic shelf registration statement that became effective on July 10, 2024.

Kodiak Gas Services (NYSE: KGS) has announced the pricing of a significant $1.2 billion senior unsecured notes offering. The offering consists of two tranches: $600 million of 6.500% notes due 2033 and $600 million of 6.750% notes due 2035.

The notes will be issued at par and guaranteed on a senior unsecured basis by the Company and its subsidiaries. The proceeds will be used to repay a portion of the outstanding debt under their ABL Facility. Additionally, KGS plans to amend the ABL Facility to reduce total commitments to $2.0 billion and extend its maturity date.

Kodiak Gas Services (NYSE: KGS) has announced a significant $1 billion private notes offering through its subsidiary. The offering consists of $500 million in senior unsecured notes due 2033 and another $500 million due 2035.

The company plans to use the proceeds to repay part of its existing revolving asset-based loan credit facility. Additionally, KGS intends to amend its ABL Facility to reduce total commitments to $2.0 billion and extend the maturity date. The notes will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.

Kodiak Gas Services (NYSE: KGS) announced significant changes to its Board of Directors. William "Bill" L. Bullock, Jr., former Executive Vice President and CFO of ConocoPhillips, has been appointed to the Board, bringing over 30 years of energy sector leadership experience.

The appointment coincides with the resignation of Nirav Shah, one of two directors appointed by EQT Infrastructure funds. Shah's departure follows EQT's recent reduction in ownership stake in Kodiak. The Board will maintain its nine-member structure with Bullock replacing Shah.

Kodiak Gas Services (NYSE: KGS) has announced the availability of 2024 Schedule K-3 tax packages for former CSI Compressco LP unitholders. The tax documents, which contain international tax relevance information, can be accessed through the K-1 Tax Package Support website.

This announcement follows Kodiak's acquisition of CSI Compressco, which was completed on April 1, 2024. The Schedule K-3 information is particularly relevant for foreign unitholders, those computing foreign tax credits, and certain corporate/partnership unitholders. Former unitholders can obtain electronic copies via email by contacting the support line at (877) 223-4851.

EQT Infrastructure, through its affiliate Frontier TopCo Partnership, has completed the sale of approximately 1.5 million shares of Kodiak Gas Services (NYSE: KGS) common stock. The shares were repurchased by Kodiak Gas Services through a privately negotiated transaction under its existing share repurchase program, generating gross proceeds of approximately $50 million for EQT.

Following the transaction completed on August 11, 2025, EQT's affiliate continues to hold approximately 29.8 million shares of Kodiak Gas Services' common stock.