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Kodiak Gas Services Inc (KGS) delivers essential contract compression infrastructure for North America's oil and gas sector. This page provides investors and industry professionals with centralized access to official announcements, strategic developments, and operational updates.
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Kodiak Gas Services (NYSE:KGS), a leading provider of critical energy infrastructure and contract compression services, has scheduled its second quarter 2025 earnings release for Wednesday, August 6, 2025, after market close.
The company will host a conference call and webcast to discuss the results on Thursday, August 7, 2025, at 10:00 a.m. Eastern Time. Investors can access the call by dialing 877-407-4012 or via webcast on the company's investor relations website. A replay will be available through August 21, 2025, by dialing 877-660-6853 with access code 13754997, and the webcast replay will be accessible for 180 days.
Kodiak Gas Services (NYSE: KGS) has declared a quarterly cash dividend of $0.45 per share for Q2 2025. The dividend will be paid on August 14, 2025 to stockholders of record as of August 4, 2025.
Additionally, Kodiak Gas Services' subsidiary, Kodiak Services, announced a distribution of $0.45 per unit for Q2 2025, payable on the same dates to its unitholders.
EQT has completed the sale of approximately 3.2 million shares of Kodiak Gas Services (NYSE: KGS) common stock, generating gross proceeds of about USD116 million. The transaction was executed on May 12, 2025, through J.P. Morgan Securities LLC as the broker. Additionally, Kodiak Gas Services repurchased around 278,000 shares from EQT in a private transaction for approximately USD10 million. Following these transactions, EQT maintains ownership of approximately 31.3 million shares of Kodiak's common stock.
Kodiak Gas Services (NYSE: KGS) has announced the completion of two significant stock transactions. First, a selling stockholder affiliated with EQT Infrastructure III and IV funds sold 3.22 million shares of common stock through a Rule 144 Sale, with J.P. Morgan acting as broker. Second, Kodiak concurrently executed a $10 million share repurchase from the selling stockholder at the same price per share as the Rule 144 Sale.
The share repurchase was conducted under Kodiak's existing $50 million share repurchase program, which was authorized in November 2024 and runs through December 31, 2025. Following this transaction, approximately $15 million remains available for future repurchases under the program. Notably, Kodiak did not receive any proceeds from the Rule 144 Sale.
Kodiak Gas Services (NYSE: KGS) has announced a 10% increase in its quarterly cash dividend to $0.45 per share for the first quarter of 2025, payable on May 15, 2025, to stockholders of record as of May 5, 2025. The company's subsidiary, Kodiak Gas Services, , will also distribute $0.45 per unit to its unitholders.
This marks the company's second dividend increase in twelve months, which CEO Mickey McKee attributes to the strength of Kodiak's business model and stable cash flows. The company will release its Q1 2025 financial results on May 7, 2025, after market close, followed by a conference call on May 8, 2025, at 11:00 a.m. Eastern Time.
Kodiak Gas Services (KGS) has initiated construction of two new facilities in Texas, demonstrating its commitment to the Permian Basin region. The groundbreaking ceremonies took place on April 14, 2025, for both locations.
The Midland facility, spanning 22 acres with 140,000 square feet of space, will house the Bears Academy training center featuring virtual reality labs, classrooms, and student accommodations. Completion is expected in June 2026.
The Pecos facility, covering 9 acres with 24,000 square feet of shop and office space, will serve as the western Permian Basin operations hub. This facility is scheduled for completion in December 2025.
Kodiak Gas Services (NYSE: KGS) reported strong financial results for Q4 and full year 2024. Net income reached $19.1M in Q4 and $49.9M for the full year, compared to a Q4 2023 loss of $6.9M and 2023 full-year income of $20.1M.
Key 2024 achievements include Adjusted EBITDA of $609.6M (up from $438.1M in 2023), fleet utilization increase to 97%, and deployment of 162,000 horsepower of new compression units primarily in the Permian Basin. The company divested 129,000 horsepower of non-core assets and executed $15M of a $50M share repurchase program.
For 2025, Kodiak projects Adjusted EBITDA between $685M-$725M with growth capital expenditures of $240M-$280M. The company maintains a strong presence in the Permian Basin, where approximately 70% of its horsepower is deployed. Total debt stood at $2.6B as of December 31, 2024, with $322.5M available on its ABL Facility.
Kodiak Gas Services (NYSE: KGS) announced that the 2024 Schedule K-1 investor tax packages for former CSI Compressco LP unitholders are now available online. These can be accessed through the K-1 Tax Package Support website at www.taxpackagesupport.com/compressco.
Kodiak completed the acquisition of CSI Compressco on April 1, 2024. For more information regarding the Tax Package for the year ending April 1, 2024, unitholders can call the K-1 Tax Package Support line toll-free at (877) 223-4851.
EQT has announced the completion of a significant stock sale involving Kodiak Gas Services (NYSE: KGS). Through an affiliate of EQT Infrastructure III and IV funds, the company sold approximately 3.7 million shares of Kodiak Gas Services common stock, generating gross proceeds of approximately USD 177 million. The transaction was executed on January 30, 2025, in accordance with Rule 144 of the Securities Act of 1933. Goldman Sachs & Co. served as the broker for this transaction.