Kodiak Gas Services Announces $50 Million Share Repurchase Program
Kodiak Gas Services (NYSE: KGS) has announced a $50 million share repurchase program approved by its Board of Directors. The program will run through December 31, 2025, allowing the company to repurchase shares through open market transactions or privately negotiated deals. The repurchases will comply with Rule 10b-18 requirements, and the company may implement Rule 10b5-1 plans. While not obligated to purchase any specific amount, Kodiak maintains flexibility to suspend or terminate the program based on factors including price, market conditions, and alternative investment opportunities.
Kodiak Gas Services (NYSE: KGS) ha annunciato un programma di riacquisto di azioni da 50 milioni di dollari approvato dal suo Consiglio di Amministrazione. Il programma sarà attivo fino al 31 dicembre 2025, consentendo all'azienda di riacquistare azioni tramite transazioni di mercato aperto o accordi privati. I riacquisti saranno conformi ai requisiti della Regola 10b-18 e l'azienda potrebbe implementare piani secondo la Regola 10b5-1. Pur non essendo obbligata a acquistare un importo specifico, Kodiak mantiene la flessibilità di sospendere o terminare il programma in base a fattori quali il prezzo, le condizioni di mercato e le opportunità di investimento alternative.
Kodiak Gas Services (NYSE: KGS) ha anunciado un programa de recompra de acciones de 50 millones de dólares aprobado por su Junta Directiva. El programa estará vigente hasta el 31 de diciembre de 2025, permitiendo a la empresa recomprar acciones a través de transacciones en el mercado abierto o acuerdos negociados privadamente. Las recompras cumplirán con los requisitos de la Regla 10b-18 y la empresa puede implementar planes bajo la Regla 10b5-1. Si bien no está obligada a comprar un monto específico, Kodiak mantiene la flexibilidad de suspender o terminar el programa en función de factores como el precio, las condiciones del mercado y las oportunidades de inversión alternativas.
Kodiak Gas Services (NYSE: KGS)는 이사회에서 승인한 5천만 달러 규모의 자사주 매입 프로그램을 발표했습니다. 이 프로그램은 2025년 12월 31일까지 진행되며, 회사는 공개 시장 거래 또는 개인 협상을 통해 주식을 매입할 수 있습니다. 매입은 10b-18 규정을 준수하며, 회사는 10b5-1 계획을 시행할 수 있습니다. 특정 금액의 매입 의무는 없지만, Kodiak은 가격, 시장 상황 및 대체 투자 기회를 포함한 여러 요인에 따라 프로그램을 중단하거나 종료할 유연성을 유지합니다.
Kodiak Gas Services (NYSE: KGS) a annoncé un programme de rachat d'actions de 50 millions de dollars approuvé par son conseil d'administration. Le programme se déroulera jusqu'au 31 décembre 2025, permettant à la société de racheter des actions par le biais de transactions sur le marché libre ou de négociations privées. Les rachats seront conformes aux exigences de la règle 10b-18, et la société peut mettre en œuvre des plans selon la règle 10b5-1. Bien qu'elle ne soit pas obligée d'acheter un montant spécifique, Kodiak conserve la flexibilité de suspendre ou de mettre fin au programme en fonction de facteurs tels que le prix, les conditions du marché et les opportunités d'investissement alternatives.
Kodiak Gas Services (NYSE: KGS) hat ein von seinem Vorstand genehmigtes Aktienrückkaufprogramm in Höhe von 50 Millionen Dollar angekündigt. Das Programm läuft bis zum 31. Dezember 2025 und ermöglicht es dem Unternehmen, Aktien über Offene Markttransaktionen oder privat ausgehandelte Deals zurückzukaufen. Die Rückkäufe werden den Anforderungen der Regel 10b-18 entsprechen, und das Unternehmen kann Pläne gemäß Regel 10b5-1 umsetzen. Während es nicht verpflichtet ist, einen bestimmten Betrag zu kaufen, behält sich Kodiak die Flexibilität vor, das Programm basierend auf Faktoren wie Preis, Marktbedingungen und alternativen Investitionsmöglichkeiten auszusetzen oder zu beenden.
- Authorization of $50 million for share repurchases
- Program demonstrates confidence in company's financial position
- Potential to enhance shareholder value through stock price support
- Capital allocation to buybacks reduces funds available for operations or growth
- No guarantee of complete program execution
Insights
The
The discretionary nature of the program, with no obligation to purchase a specific amount, provides management with strategic flexibility to balance capital allocation between buybacks and other growth initiatives. The implementation through Rule 10b-18 and potential 10b5-1 plans indicates a structured approach to maintain market stability and comply with regulatory requirements.
About Kodiak
Kodiak is the largest contract compression services provider in
Forward-Looking Statements
This press release includes “forward-looking statements” for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are statements other than statements of historical fact. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. They include statements regarding the Offering, including the completion thereof. Although Kodiak believes the expectations and forecasts reflected in the forward-looking statements are reasonable, Kodiak can give no assurance they will prove to have been correct. They can be affected by inaccurate or changed assumptions or by known or unknown risks and uncertainties. Important risks, assumptions and other important factors that could cause future results to differ materially from those expressed in the forward-looking statements are described under “Risk Factors” in Item 1A of Kodiak’s annual report on Form 10-K for the year ended December 31, 2023 and any updates to those factors set forth in Kodiak’s subsequent quarterly reports on Form 10-Q or current reports on Form 8-K. Kodiak undertakes no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241114583834/en/
Investor Contact:
Graham Sones, VP – Investor Relations
ir@kodiakgas.com
(936) 755-3529
Source: Kodiak Gas Services, Inc.
FAQ
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