EQT completes sale of common stock of Kodiak Gas Services

Rhea-AI Summary

EQT has completed the sale of approximately 3.2 million shares of Kodiak Gas Services (NYSE: KGS) common stock, generating gross proceeds of about USD116 million. The transaction was executed on May 12, 2025, through J.P. Morgan Securities LLC as the broker. Additionally, Kodiak Gas Services repurchased around 278,000 shares from EQT in a private transaction for approximately USD10 million. Following these transactions, EQT maintains ownership of approximately 31.3 million shares of Kodiak's common stock.

Positive

• Kodiak Gas Services demonstrates confidence in its stock through a USD10 million share repurchase
• EQT remains a significant shareholder with 31.3 million shares, showing continued commitment to the company

Negative

• Large share sale by major shareholder EQT could signal reduced confidence in future growth
• The sale might create temporary selling pressure on KGS stock

News Market Reaction – KGS

-1.57%

-1.57% Session move

In the trading session that priced this news, KGS declined 1.57%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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• The sale resulted in gross proceeds of c. USD126 million

NEW YORK, May 14, 2025 /PRNewswire/ --An affiliate of the funds known as EQT Infrastructure III and EQT Infrastructure IV ("EQT") is pleased to announce the completion of the sale (the "Sale") of c. 3.2 million shares of common stock of Kodiak Gas Services, Inc. (NYSE: KGS) (the "Company") for gross proceeds of c. USD116 million. The Sale was made on May 12, 2025, pursuant to Rule 144 of the Securities Act of 1933, as amended. J.P. Morgan Securities LLC acted as the broker for the Sale. Concurrently with the closing of the Sale, the Company repurchased c. 278,000 shares of its common stock from EQT in a private transaction for gross proceeds of c. USD10 million. Following these transactions, EQT now holds c. 31.3 million shares of the Company's common stock.

Contact

EQT Press Office, press@eqtpartners.com

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https://news.cision.com/eqt/r/eqt-completes-sale-of-common-stock-of-kodiak-gas-services,c4150756

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Press Release, EQT Infrastrucure III and EQT Infrastructure IV, Kodiak,140525

View original content:https://www.prnewswire.com/news-releases/eqt-completes-sale-of-common-stock-of-kodiak-gas-services-302455873.html

SOURCE EQT

FAQ

How many shares of Kodiak Gas Services (KGS) did EQT sell in May 2025?

EQT sold approximately 3.2 million shares of Kodiak Gas Services through a Rule 144 sale, plus an additional 278,000 shares directly to the company, for a total of about 3.48 million shares.

What was the total value of EQT's Kodiak Gas Services (KGS) stock sale in May 2025?

The total value was approximately USD126 million, consisting of USD116 million from the market sale and USD10 million from the company repurchase.

How many shares of Kodiak Gas Services (KGS) does EQT still own after the May 2025 sale?

After the transactions, EQT maintains ownership of approximately 31.3 million shares of Kodiak Gas Services common stock.

What was the purpose of Kodiak Gas Services' (KGS) USD10 million share repurchase from EQT?

The share repurchase was a private transaction between Kodiak Gas Services and EQT, likely aimed at supporting the stock price and returning capital to shareholders.