Kodiak Gas Services reported a strong financial performance with record-breaking metrics and increased guidance, although it faces macroeconomic uncertainties and potential tariff impacts. The company's business model remains resilient with high fleet utilization and successful recontracting efforts.

Company Guidance -

Q3 2025

During the Kodiak Gas Services First Quarter 2025 Earnings Conference Call, the company provided updated guidance reflecting a positive outlook for the year. Kodiak announced an increased full-year 2025 guidance with adjustments in several key metrics. The company revised its Contract Services adjusted gross margin percentage to 66.5% to 68.5% and raised the midpoint of its adjusted EBITDA and discretionary cash flow guidance. In terms of capital expenditures, Kodiak separated its growth CapEx into growth capital expenditures ($180 million to $205 million) and other capital expenditures ($60 million to $65 million), with maintenance CapEx remaining at $75 million to $85 million. Additionally, Kodiak reported achieving an all-time low leverage of 3.7 times in Q1 2025 and announced a 10% increase in its quarterly dividend to $0.45 per share. The company emphasized its strong start to the year, highlighted by new records in total revenue ($330 million), adjusted EBITDA (just under $178 million), and discretionary cash flow, driven by recontracting efforts and operational efficiencies.

Record Financial Performance

Kodiak Gas Services set new records in total revenue ($330 million), adjusted EBITDA (nearly $178 million), and discretionary cash flow for Q1 2025, indicating strong financial performance.

Increased Guidance and Dividend

Kodiak increased its 2025 guidance and announced a quarterly dividend of $0.45 per share, a 10% increase over the prior quarter.

High Fleet Utilization

The company reported a 97% fleet utilization, including 99% utilization of large horsepower equipment, reflecting strong demand in the market.

Successful Recontracting Efforts

Kodiak successfully recontracted a significant amount of horsepower at market rates above the current fleet average, driving an increase in revenue and adjusted gross margin.

Kodiak Gas Services, Inc. (KGS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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KGS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.47 / -	-0.07	―	―	―
Aug 06, 2025	2025 (Q2)	0.46 / 0.43	0.06	616.67% (+0.37)	―
May 07, 2025	2025 (Q1)	0.39 / 0.33	0.39	-15.38% (-0.06)	―
Mar 05, 2025	2024 (Q4)	0.38 / 0.21	-0.09	333.33% (+0.30)	―
Nov 07, 2024	2024 (Q3)	0.35 / -0.07	0.28	-125.00% (-0.35)	―
Aug 12, 2024	2024 (Q2)	0.55 / 0.06	0.3	-80.00% (-0.24)	―
May 08, 2024	2024 (Q1)	0.37 / 0.39	-0.21	285.71% (+0.60)	―
Mar 06, 2024	2023 (Q4)	0.29 / -0.09	0.025	-460.00% (-0.11)	―	―
Nov 08, 2023	2023 (Q3)	0.19 / 0.28	0.778	-64.01% (-0.50)	―
Aug 09, 2023	2023 (Q2)	-0.14 / 0.30	0.151	98.68% (+0.15)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

KGS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 07, 2025	$33.64	$34.93	+3.83%
Mar 05, 2025	$39.47	$33.56	-14.97%
Nov 07, 2024	$33.59	$33.32	-0.80%
Aug 12, 2024	$27.90	$24.84	-10.97%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Kodiak Gas Services, Inc. (KGS) report earnings?

Kodiak Gas Services, Inc. (KGS) is schdueled to report earning on Nov 05, 2025, After Close (Confirmed).

What is Kodiak Gas Services, Inc. (KGS) earnings time?

Kodiak Gas Services, Inc. (KGS) earnings time is at Nov 05, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is KGS EPS forecast?

KGS EPS forecast for the fiscal quarter 2025 (Q3) is 0.47.

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