EQT completes sale of common stock of Kodiak Gas Services

EQT Infrastructure, through its affiliate Frontier TopCo Partnership, has completed the sale of approximately 1.5 million shares of Kodiak Gas Services (NYSE: KGS) common stock.

Rhea-AI Summary

EQT Infrastructure, through its affiliate Frontier TopCo Partnership, has completed the sale of approximately 1.5 million shares of Kodiak Gas Services (NYSE: KGS) common stock. The shares were repurchased by Kodiak Gas Services through a privately negotiated transaction under its existing share repurchase program, generating gross proceeds of approximately $50 million for EQT.

Following the transaction completed on August 11, 2025, EQT's affiliate continues to hold approximately 29.8 million shares of Kodiak Gas Services' common stock.

Positive

• Company executed $50 million share repurchase, demonstrating commitment to returning capital to shareholders
• Transaction completed through existing share repurchase program, showing effective capital allocation

Negative

• None.

Argus Aug 13 session

+0.61% close to close Open Argus

Details

News Market Reaction – KGS

On Aug 13, the first trading day after this news, KGS closed 0.61% above the previous close.

Data tracked by StockTitan Argus for the Aug 13 session.

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• The sale resulted in aggregate gross proceeds of c. USD50 million

NEW YORK, Aug. 12, 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 the sale (the "Sale") of c. 1.5 million shares of common stock of Kodiak Gas Services, Inc. (NYSE: KGS) (the "Company"), which were repurchased by the Company in a privately negotiated transaction under its previously announced share repurchase program. The Sale resulted in aggregate gross proceeds of c. USD50 million for the Selling Stockholder. The Sale was made on August 11, 2025. Following this transaction, the Selling Stockholder now holds c. 29.8 million shares of the Company's common stock.

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-sale-of-common-stock-of-kodiak-gas-services,c4217295

The following files are available for download:

https://mb.cision.com/Main/87/4217295/3607426.pdf

Press Release, EQT Infra III, EQT Infra IV, Kodiak, 120825

View original content:https://www.prnewswire.com/news-releases/eqt-completes-sale-of-common-stock-of-kodiak-gas-services-302528307.html

SOURCE EQT

FAQ

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How many shares of Kodiak Gas Services (KGS) did EQT sell on August 11, 2025?

EQT, through its affiliate Frontier TopCo Partnership, sold approximately 1.5 million shares of Kodiak Gas Services common stock.

What was the value of the Kodiak Gas Services (KGS) share repurchase transaction?

The share repurchase transaction generated gross proceeds of approximately $50 million for EQT.

How many shares of Kodiak Gas Services (KGS) does EQT still own after the sale?

After the transaction, EQT's affiliate Frontier TopCo Partnership continues to hold approximately 29.8 million shares of Kodiak Gas Services common stock.

Was the Kodiak Gas Services (KGS) share repurchase transaction public or private?

The transaction was executed through a privately negotiated transaction under Kodiak Gas Services' existing share repurchase program.