EQT completes public offering of common stock of Kodiak Gas Services

Rhea-AI Summary

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.

Positive

• No issuer dilution: company did not sell shares in the offering
• Selling stockholder liquidity: sale generated ~USD 333 million

Negative

• Public float increased by 10,000,000 shares on November 13, 2025

News Market Reaction – KGS

+0.99% 2.9x vol

1 alert

+0.99% Session close to close

$2.89B Market Cap

2.9x Rel. Volume

In the Nov 14 session, KGS gained 0.99%, reflecting a mild positive market reaction. Trading volume was elevated at 2.9x the daily average, suggesting notable buying interest.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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• The offering resulted in gross proceeds of approximately USD333 million

NEW YORK, Nov. 13, 2025 /PRNewswire/ -- Frontier TopCo Partnership, L.P. (the "Selling Stockholder"), an affiliate of the funds known as EQT Infrastructure III and EQT Infrastructure IV, is pleased to announce the completion of an underwritten public offering (the "Offering") of 10,000,000 shares of common stock of Kodiak Gas Services, Inc. (NYSE: KGS) (the "Company") for gross proceeds of approximately USD333 million. Goldman Sachs & Co. LLC acted as the underwriter for the Offering, which was completed on November 13, 2025. The Company did not sell any shares of its common stock in the Offering and did not receive any proceeds from the sale of the shares of its common stock sold by the Selling Stockholder.

Contact

EQT Press Office, press@eqtpartners.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/eqt/r/eqt-completes-public-offering-of-common-stock-of-kodiak-gas-services,c4266947

The following files are available for download:

https://mb.cision.com/Main/87/4266947/3783356.pdf

Press Release, EQT Infra III and EQT Infra IV, Kodiak Gas Services, 13112025

View original content:https://www.prnewswire.com/news-releases/eqt-completes-public-offering-of-common-stock-of-kodiak-gas-services-302615058.html

SOURCE EQT

FAQ

What did EQT's affiliate sell in the November 13, 2025 KGS offering?

The Selling Stockholder sold 10,000,000 shares of Kodiak Gas Services (NYSE: KGS) in an underwritten offering.

How much gross proceed did the KGS public offering generate on November 13, 2025?

The offering resulted in approximately USD 333 million in gross proceeds.

Did Kodiak Gas Services (KGS) receive proceeds from the November 13, 2025 offering?

No. The company did not sell any shares in the offering and did not receive any proceeds.

Who acted as underwriter for the KGS public offering completed November 13, 2025?

Goldman Sachs & Co. LLC acted as the underwriter for the offering.

What is the immediate shareholder impact of the 10,000,000 KGS shares sold on November 13, 2025?

The sale increased the shares held by public investors by 10,000,000 shares while not diluting the company's issued shares.

Where can investors find the November 13, 2025 KGS offering press release?

The announcement was released by EQT and distributed via newswire on November 13, 2025.