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Kodiak Gas Services, Inc.
(NYSE:KGS)
Kodiak Gas Services, Inc. (KGS) vs. SPDR S&P 500 ETF (SPY)
Kodiak Gas Services, Inc. Business Overview & Revenue Model
Kodiak Gas Services, Inc. Earnings Call Summary
Kodiak Gas Services, Inc. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.29B | 1.16B | 850.38M | 707.91M | 606.38M | 532.42M |
| Gross Profit | 514.87M | 440.66M | 316.64M | 440.56M | 396.20M | 207.47M |
| EBITDA | 607.67M | 533.32M | 440.52M | 483.93M | 389.73M | 314.06M |
| Net Income | 83.34M | 49.90M | 20.07M | 106.27M | 180.96M | -2.19M |
Balance Sheet | ||||||
| Total Assets | 4.38B | 4.44B | 3.24B | 3.21B | 3.01B | 3.30B |
| Cash, Cash Equivalents and Short-Term Investments | 5.43M | 4.75M | 5.56M | 20.43M | 28.80M | 24.11M |
| Total Debt | 2.61B | 2.65B | 1.83B | 2.73B | 1.85B | 1.90B |
| Total Liabilities | 3.03B | 3.06B | 2.10B | 2.98B | 2.05B | 2.54B |
| Stockholders Equity | 1.34B | 1.36B | 1.14B | 229.09M | 960.07M | 755.29M |
Cash Flow | ||||||
| Free Cash Flow | 126.92M | -8.97M | 46.53M | -39.50M | 48.04M | -53.41M |
| Operating Cash Flow | 446.86M | 327.99M | 266.33M | 219.85M | 249.98M | 243.98M |
| Investing Cash Flow | -267.68M | -292.47M | -218.42M | -251.38M | -202.03M | -296.38M |
| Financing Cash Flow | -177.61M | -36.33M | -62.77M | 23.17M | -43.25M | 73.71M |
Kodiak Gas Services, Inc. Technical Analysis
Kodiak Gas Services, Inc. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | 2.44B | 12.29 | 23.84% | ― | 8.14% | 62.72% | |
76 Outperform | 3.15B | 15.52 | 13.43% | 1.34% | -0.71% | -7.89% | |
74 Outperform | 339.40M | 19.20 | 6.73% | 0.37% | 14.77% | 34.74% | |
73 Outperform | 4.24B | 18.51 | 16.44% | 3.17% | 28.22% | 49.17% | |
68 Neutral | $2.86B | 37.09 | 6.16% | 5.05% | 31.01% | 39.51% | |
61 Neutral | 2.88B | 36.63 | -195.43% | 8.96% | 8.22% | 28.05% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
Kodiak Gas Services, Inc. Corporate Events
On September 8, 2025, Kodiak Gas Services, Inc. entered into an Underwriting Agreement with Frontier TopCo Partnership, L.P. and Goldman Sachs & Co. LLC for the sale of 10,000,000 shares of common stock by the Selling Stockholder at $34.40 per share. The company did not sell any shares or receive proceeds from this transaction, which closed on September 9, 2025. The agreement includes standard representations, warranties, and indemnification provisions, impacting the company’s financial structure and stakeholder relations.
On September 5, 2025, Kodiak Gas Services, LLC issued $1.2 billion in senior unsecured notes, split equally between notes due in 2033 and 2035, with interest rates of 6.500% and 6.750%, respectively. The issuance is part of a strategic financial maneuver involving optional redemption terms and covenants that limit certain financial activities, potentially impacting the company’s financial flexibility and stakeholder interests. Additionally, Kodiak Gas Services amended its credit agreement to reduce interest rate margins, extend the maturity date, and adjust borrowing base provisions, which may enhance its financial stability and operational capacity.
On September 2, 2025, Kodiak Gas Services, Inc. announced that its subsidiary, Kodiak Gas Services, LLC, has priced a private offering of $1.2 billion in senior unsecured notes, split equally between notes due in 2033 and 2035. The proceeds from this offering are intended to repay part of the company’s outstanding indebtedness under its revolving asset-based loan credit facility, which will see its total commitments reduced to $2.0 billion and its maturity date extended. This financial maneuver is expected to impact the company’s operational flexibility and financial stability.
On September 2, 2025, Kodiak Gas Services, Inc. announced that its subsidiary, Kodiak Gas Services, LLC, launched a private offering of $1 billion in senior unsecured notes due in 2033 and 2035. The proceeds from this offering are intended to repay part of the outstanding debt under the company’s revolving asset-based loan credit facility, with plans to amend the facility to reduce commitments to $2 billion and extend the maturity date. This move is expected to decrease borrowing costs and adjust the company’s financial structure, potentially impacting its operational flexibility and financial stability positively.
On August 11, 2025, Kodiak Gas Services, Inc. announced a stock repurchase agreement to buy back 1,508,750 shares of its common stock from Frontier TopCo Partnership, L.P. for a total of $50 million, with the transaction expected to close on August 12, 2025. This repurchase, approved by a special committee of independent directors, is part of Kodiak’s capital allocation strategy to enhance shareholder value and results in the Selling Stockholder’s ownership dropping below 35%, triggering changes in the Stockholders’ Agreement, including reduced board representation and approval rights for the Selling Stockholder.
On July 24, 2025, Kodiak Gas Services, Inc. announced a quarterly cash dividend of $0.45 per share of common stock, payable on August 14, 2025, to stockholders of record as of August 4, 2025. Additionally, its subsidiary, Kodiak Gas Services, LLC, declared a similar distribution for its unitholders. This announcement highlights the company’s commitment to returning value to its shareholders and maintaining strong financial health, potentially reinforcing its position in the energy sector.