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.