EQT completes public offering of common stock of Kodiak Gas Services

Rhea-AI Summary

Frontier TopCo Partnership, L.P., an affiliate of funds known as EQT Infrastructure III and EQT Infrastructure IV, completed an underwritten public offering of 9,762,573 shares of Kodiak Gas Services (NYSE: KGS) on December 2, 2025.

The offering generated gross proceeds of approximately USD 335.5 million. Goldman Sachs & Co. LLC acted as underwriter. Kodiak Gas Services did not sell any shares in the offering and did not receive any proceeds from the sale.

• The offering resulted in gross proceeds of approximately USD335.5 million

NEW YORK, Dec. 2, 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 9,762,573 shares of common stock of Kodiak Gas Services, Inc. (NYSE: KGS) (the "Company") for gross proceeds of approximately USD335.5 million. Goldman Sachs & Co. LLC acted as the underwriter for the Offering, which was completed on December 2, 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

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Press Release, EQT Infra III and EQT Infra IV, Kodiak Gas Services, 2122025

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SOURCE EQT

FAQ

What did EQT sell in the December 2, 2025 public offering related to KGS?

EQT affiliate Frontier TopCo sold 9,762,573 shares of Kodiak Gas Services (NYSE: KGS) in the offering.

How much gross proceeds were raised in the KGS offering on December 2, 2025?

The offering resulted in approximately USD 335.5 million in gross proceeds.

Did Kodiak Gas Services (KGS) receive proceeds from the December 2, 2025 offering?

No. Kodiak Gas Services did not sell any shares in the offering and did not receive any proceeds.

Who underwrote the December 2, 2025 KGS share offering?

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

Which EQT funds were affiliated with the selling stockholder in the KGS offering?

The selling stockholder was an affiliate of funds known as EQT Infrastructure III and EQT Infrastructure IV.