EQT completes public offering of common stock of Kodiak Gas Services

EQT Infrastructure, through its affiliate Frontier TopCo Partnership, has completed an underwritten public offering of 10 million shares of Kodiak Gas Services (NYSE: KGS) common stock.

Rhea-AI Summary

EQT Infrastructure, through its affiliate Frontier TopCo Partnership, has completed an underwritten public offering of 10 million shares of Kodiak Gas Services (NYSE: KGS) common stock. The offering, underwritten by Goldman Sachs & Co. LLC, generated gross proceeds of $344 million.

It's important to note that Kodiak Gas Services did not sell any shares in this offering and will not receive any proceeds from the sale, as all shares were sold by the EQT-affiliated selling stockholder.

Positive

• Generated significant proceeds of $344 million from the offering

Negative

• Potential dilution impact on existing shareholders with 10 million shares being sold
• Company receives no proceeds from the offering

Argus Sep 10 session

-1.08% close to close Open Argus

Details

News Market Reaction – KGS

On Sep 10, the first trading day after this news, KGS closed 1.08% below the previous close.

Data tracked by StockTitan Argus for the Sep 10 session.

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• The offering resulted in gross proceeds of USD344 million

NEW YORK, Sept. 9, 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 USD344 million. Goldman Sachs & Co. LLC acted as the underwriter for the Offering, which was completed on September 9, 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,c4232200

The following files are available for download:

https://mb.cision.com/Main/87/4232200/3658864.pdf

Press Release, EQT Infra III, EQT Infra IV, Kodiak, 090925

View original content:https://www.prnewswire.com/news-releases/eqt-completes-public-offering-of-common-stock-of-kodiak-gas-services-302551493.html

SOURCE EQT

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares of Kodiak Gas Services (KGS) were sold in the September 2025 offering?

EQT's affiliate sold 10 million shares of Kodiak Gas Services common stock in the offering.

What were the proceeds from the KGS stock offering in September 2025?

The offering generated gross proceeds of $344 million.

Who was the underwriter for the Kodiak Gas Services (KGS) stock offering?

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

Will Kodiak Gas Services receive any proceeds from the September 2025 stock offering?

No, Kodiak Gas Services did not sell any shares and will not receive any proceeds from the offering, as all shares were sold by EQT's affiliate.

Who was the selling stockholder in the KGS offering?

Frontier TopCo Partnership, L.P., an affiliate of EQT Infrastructure III and EQT Infrastructure IV funds, was the selling stockholder.