EQT completes sale of common stock of Kodiak Gas Services pursuant to Rule 144

Rhea-AI Summary

EQT has announced the completion of a significant stock sale involving Kodiak Gas Services (NYSE: KGS). Through an affiliate of EQT Infrastructure III and IV funds, the company sold approximately 3.7 million shares of Kodiak Gas Services common stock, generating gross proceeds of approximately USD 177 million. The transaction was executed on January 30, 2025, in accordance with Rule 144 of the Securities Act of 1933. Goldman Sachs & Co. served as the broker for this transaction.

Positive

• Generated USD 177 million in gross proceeds from stock sale
• Successfully liquidated 3.7 million shares of Kodiak Gas Services

Negative

• Reduction in ownership stake in Kodiak Gas Services

• The sale resulted in gross proceeds of c. USD177 million 

NEW YORK, Feb. 3, 2025 /PRNewswire/ -- An affiliate of the funds known as EQT Infrastructure III and EQT Infrastructure IV ("EQT") is pleased to announce the completion of the sale (the "Sale") of c. 3.7 million shares of common stock of Kodiak Gas Services, Inc. (NYSE: KGS) (the "Company") for gross proceeds of c. USD177 million. The Sale was made on January 30, 2025, pursuant to Rule 144 of the Securities Act of 1933, as amended. Goldman Sachs & Co. LLC acted as the broker for the Sale.

Contact
EQT Press Office, press@eqtpartners.com

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EQT - Kodiak Rule 144 Sale - Press Release (3 Feb 2025)

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SOURCE EQT

FAQ

How much did EQT receive from the Kodiak Gas Services stock sale in January 2025?

EQT received approximately USD 177 million in gross proceeds from the sale of Kodiak Gas Services stock.

How many shares of Kodiak Gas Services (KGS) did EQT sell in January 2025?

EQT sold approximately 3.7 million shares of Kodiak Gas Services common stock.

When did EQT complete the Rule 144 sale of Kodiak Gas Services shares?

EQT completed the sale on January 30, 2025.

Which investment bank acted as broker for EQT's Kodiak Gas Services stock sale?

Goldman Sachs & Co. acted as the broker for the sale.