Reports Q1 revenue $329.64M, consensus $325.94M. Reports Q1 adjusted EBITDA of $177.7M. “Kodiak had another outstanding quarter, with strong recontracting results and increased operational efficiency driving new quarterly records in total revenues, adjusted EBITDA and discretionary cash flow,” said Mickey McKee, Kodiak’s President and CEO. “We continued to high grade our compression fleet, adding new, large horsepower units and divesting underutilized non-core horsepower assets. Execution of this strategy drove a third consecutive quarterly increase in fleet utilization and Contract Services adjusted gross margin percentage.”
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