Kodiak Gas Services Inc Stock Price, News & Analysis

Kodiak Gas Services (NYSE: KGS) announced an underwritten secondary offering by selling stockholder Frontier TopCo Partnership, L.P. of 9,762,573 shares of common stock priced at $34.60 per share. The company will not sell shares and will not receive proceeds from the sale. The offering is expected to close on December 2, 2025, subject to customary closing conditions, with Goldman Sachs & Co. LLC as sole underwriter. Offer documents are available via the SEC and the underwriter; the sale is conducted under an automatic shelf registration on Form S-3 (File No. 333-280737) effective July 10, 2024.

Kodiak Gas Services (NYSE: KGS) announced an underwritten public offering of 9,762,573 shares of its common stock by Frontier TopCo Partnership, L.P., an affiliate of EQT Infrastructure III and IV. Kodiak will not sell any shares and will receive no proceeds from the Offering. After the Offering, the selling stockholder is expected to hold only de minimis shares and the Stockholders' Agreement will terminate, removing its board nomination rights.

Goldman Sachs & Co. LLC is sole underwriter. The Offering is subject to market conditions and will be made using a free writing prospectus, a prospectus supplement and the base prospectus from Form S-3 (File No. 333-280737).

Kodiak Gas Services (NYSE: KGS) announced a dual listing of its common stock on NYSE Texas, while maintaining its primary listing on the New York Stock Exchange. Trading on NYSE Texas will commence on November 25, 2025 under the same ticker KGS.

The company said the move reinforces its commitment to Texas, where it conducts a significant portion of operations and employs nearly 900 people. Company leadership welcomed the step as support for a pro-business initiative in Texas, and NYSE Texas described Kodiak as a strategic fit for its marketplace.

EQT affiliate completed an underwritten public offering of Kodiak Gas Services (NYSE: KGS) on November 13, 2025. The Selling Stockholder sold 10,000,000 shares of KGS for gross proceeds of approximately USD 333 million. Goldman Sachs & Co. LLC acted as underwriter.

The company did not sell any shares in the offering and did not receive proceeds from the sale; the transaction increases shares held by public investors while leaving Kodiak Gas Services' outstanding share count unchanged by issuer action.

Kodiak Gas Services (NYSE: KGS) announced pricing of an underwritten offering of 10,000,000 shares by a selling stockholder at $33.60 per share. Kodiak will not sell shares in the Offering and will not receive proceeds from the sale. The Offering is expected to close on November 13, 2025, subject to customary closing conditions.

The company agreed to purchase 1,000,000 shares from the underwriter at the same price as the Offering (the Share Repurchase), which is conditioned on the Offering closing. Goldman Sachs is the underwriter. The Offering is being made via a prospectus supplement to the company's Form S-3 shelf registration.

Kodiak Gas Services (NYSE: KGS) announced an underwritten public offering of 10,000,000 shares of its common stock by Frontier TopCo Partnership, L.P., an affiliate of EQT Infrastructure III and IV. Kodiak will not sell shares in the Offering and will not receive proceeds from the Selling Stockholder's sale.

The Company intends to purchase 1,000,000 of the offered shares from the underwriter at the offering price (the Share Repurchase); the repurchase is conditioned on the Offering closing. Goldman Sachs is sole underwriter. The Offering is subject to market conditions and will be made by prospectus supplement to the Form S-3 (File No. 333-280737).

Kodiak Gas Services (NYSE: KGS) will host a conference call and webcast to discuss third quarter 2025 financial results on Wednesday, November 5, 2025 at 11:00 a.m. ET (10:00 a.m. CT).

Investors can dial 877-407-4012 (ask for the Kodiak Gas Services call at least 10 minutes early) or join the webcast at https://ir.kodiakgas.com/news-events/ir-calendar.

Kodiak Gas Services (NYSE: KGS) reported third-quarter 2025 results and raised full-year discretionary cash flow guidance. Key Q3 metrics: total revenues $322.7M, Contract Services revenue $297.0M, adjusted EBITDA $174.7M, adjusted net income $31.5M, and a net loss $14.0M that included a $33.3M loss on disposal of Mexico operations and a $28.0M reserve for Texas sales/use tax.

Cash flow highlights: discretionary cash flow $116.7M (+13.2% YoY), free cash flow $33.5M, and updated full-year 2025 discretionary cash flow guidance of $450M–$470M. Operationally, fleet utilization rose to 97.6%, revenue-generating horsepower increased, and the company declared a quarterly dividend of $0.49 per share while returning >$90M to shareholders YTD.

Kodiak Gas Services (NYSE: KGS) announced a $0.49 per share quarterly cash dividend for Q3 2025, payable November 13, 2025 to holders of record as of November 3, 2025. Kodiak Gas Services LLC will pay a parallel $0.49 per unit distribution on the same dates.

The company will release Q3 2025 results on November 4, 2025 after market close and host a conference call and live webcast on November 5, 2025 at 11:00 a.m. ET. Telephonic replay and webcast replay will be available through stated access links and codes.