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Kodiak Gas Services Announces 8% Increase to Quarterly Dividend

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Kodiak Gas Services (NYSE: KGS), a leading provider of critical energy infrastructure and contract compression services, has announced an 8% increase in its quarterly cash dividend to $0.41 per share of common stock for Q2 2024. The dividend will be paid on August 16, 2024 to stockholders of record as of August 12, 2024. CEO Mickey McKee emphasized that returning capital to stockholders is a key element of their strategy, reflecting enhanced cash flow from their large contract compression fleet and confidence in the market outlook. Additionally, Kodiak Gas Services, , a subsidiary, declared a distribution of $0.41 per unit for Q2 2024, payable on the same date to unitholders of record.

Kodiak Gas Services (NYSE: KGS), un fornitore leader di infrastrutture energetiche critiche e servizi di compressione su contratto, ha annunciato un aumento dell'8% nel suo dividendo in contante trimestrale, portandolo a $0.41 per azione di comune per il secondo trimestre del 2024. Il dividendo sarà pagato il 16 agosto 2024 agli azionisti registrati al 12 agosto 2024. Il CEO Mickey McKee ha sottolineato che restituire capitale agli azionisti è un elemento chiave della loro strategia, riflettendo un flusso di cassa migliorato dalla loro ampia flotta di compressione su contratto e fiducia nelle prospettive di mercato. Inoltre, Kodiak Gas Services, una sua controllata, ha dichiarato una distribuzione di $0.41 per unità per il secondo trimestre del 2024, pagabile nella stessa data agli unitholder registrati.

Kodiak Gas Services (NYSE: KGS), un proveedor líder de infraestructura energética crítica y servicios de compresión por contrato, ha anunciado un incremento del 8% en su dividendo en efectivo trimestral, elevándolo a $0.41 por acción común para el segundo trimestre de 2024. El dividendo se pagará el 16 de agosto de 2024 a los accionistas registrados hasta el 12 de agosto de 2024. El CEO Mickey McKee enfatizó que devolver capital a los accionistas es un elemento clave de su estrategia, reflejando un flujo de efectivo mejorado de su amplia flota de compresión por contrato y confianza en las perspectivas del mercado. Además, Kodiak Gas Services, una subsidiaria, declaró una distribución de $0.41 por unidad para el segundo trimestre de 2024, que se pagará en la misma fecha a los tenedores de unidades registrados.

Kodiak Gas Services (NYSE: KGS)는 필수 에너지 인프라 및 계약 압축 서비스의 선도적인 제공자로서, 2024년 2분기에 대한 분기 현금 배당금 8% 인상을 발표하였으며, 이를 주당 $0.41로 설정하였습니다. 배당금은 2024년 8월 16일에 2024년 8월 12일 기준 주주에게 지급됩니다. CEO 미키 맥키(Mickey McKee)는 주주에게 자본을 환원하는 것이 그들의 전략의 핵심 요소이며, 이는 대규모 계약 압축 함대에서 복원된 현금 흐름과 시장 전망에 대한 자신감을 반영한다고 강조했습니다. 또한, Kodiak Gas Services의 자회사도 2024년 2분기에 대한 단위당 $0.41 배당을 선언했으며, 같은 날 기록된 단위 보유자에게 지급됩니다.

Kodiak Gas Services (NYSE: KGS), un fournisseur de premier plan en matière d'infrastructure énergétique critique et de services de compression par contrat, a annoncé une augmentation de 8% de son dividende trimestriel en espèces à 0,41 $ par action ordinaire pour le deuxième trimestre 2024. Le dividende sera versé le 16 août 2024 aux actionnaires inscrits au 12 août 2024. Le PDG Mickey McKee a souligné que le retour de capital aux actionnaires est un élément clé de leur stratégie, reflétant un flux de trésorerie amélioré provenant de leur vaste flotte de compression par contrat et la confiance dans les perspectives du marché. De plus, Kodiak Gas Services, une filiale, a déclaré une distribution de 0,41 $ par unité pour le deuxième trimestre 2024, payable à la même date aux détenteurs d'unités enregistrés.

Kodiak Gas Services (NYSE: KGS), ein führender Anbieter kritischer Energieinfrastruktur und Vertragskompressionsdienstleistungen, hat eine Erhöhung der vierteljährlichen Bardividende um 8% auf $0,41 pro Stammaktie für das 2. Quartal 2024 angekündigt. Die Dividende wird am 16. August 2024 an die Aktionäre, die am 12. August 2024 registriert sind, ausgezahlt. CEO Mickey McKee betonte, dass die Rückführung von Kapital an die Aktionäre ein zentrales Element ihrer Strategie ist, was den verbesserten Cashflow aus ihrer großen Vertragskompressionsflotte und das Vertrauen in die Marktentwicklung widerspiegelt. Darüber hinaus hat Kodiak Gas Services, eine Tochtergesellschaft, eine Ausschüttung von $0,41 pro Einheit für das 2. Quartal 2024 erklärt, die am selben Tag an die registrierten Unitholder ausgezahlt wird.

Positive
  • 8% increase in quarterly dividend to $0.41 per share
  • Enhanced cash flow generation from industry's largest contract compression fleet
  • Management's confidence in the compression market outlook
Negative
  • None.

THE WOODLANDS, Texas--(BUSINESS WIRE)-- Kodiak Gas Services, Inc. (NYSE: KGS), (“Kodiak” or the “Company”), a leading provider of critical energy infrastructure and contract compression services, today announced that its board of directors has approved an 8% increase in the quarterly cash dividend to $0.41 per share of common stock for the second quarter of 2024 (the “Common Stock Dividend”). This Common Stock Dividend will be paid on August 16, 2024 to all stockholders of record as of the close of business on August 12, 2024.

Mickey McKee, Kodiak’s President and Chief Executive Officer, commented “returning capital to stockholders is a key element of our capital allocation strategy. The dividend increase we announced today reflects the enhanced cash flow generated by the industry’s largest contract compression fleet and our confidence in the outlook for the compression market.”

In conjunction with the Common Stock Dividend, Kodiak Gas Services, LLC (“Kodiak Services”), a subsidiary of Kodiak, has declared a distribution of $0.41 per unit for the second quarter of 2024, which will be paid on August 16, 2024 to all unitholders of record of Kodiak Services on August 12, 2024.

About Kodiak

Kodiak is the largest contract compression services provider in the United States, serving as a critical link in the infrastructure enabling the safe and reliable production and transportation of natural gas and oil. Headquartered in The Woodlands, Texas, Kodiak provides contract compression and related services to oil and gas producers and midstream customers in high–volume gas gathering systems, processing facilities, multi-well gas lift applications and natural gas transmission systems. More information is available at www.kodiakgas.com.

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Forward-looking statements contained herein include the amount and timing of future dividend payments. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. A list and description of risks, uncertainties and other factors can be found in the Part I, Item 1A. “Risk Factors” and Part II, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and filed with the SEC on March 7, 2024. Any forward-looking statement made by us in this news release is based only on information currently available to us and speaks only as of the date on which it is made. Except as may be required by applicable law, we undertake no obligation to publicly update any forward-looking statement whether as a result of new information, future developments or otherwise.

Graham Sones, VP of Investor Relations

ir@kodiakgas.com

(936) 755-3259

Source: Kodiak Gas Services, Inc.

FAQ

What is the new quarterly dividend amount for Kodiak Gas Services (KGS)?

Kodiak Gas Services (KGS) has increased its quarterly dividend by 8% to $0.41 per share of common stock for the second quarter of 2024.

When will Kodiak Gas Services (KGS) pay its Q2 2024 dividend?

Kodiak Gas Services (KGS) will pay its Q2 2024 dividend on August 16, 2024 to stockholders of record as of the close of business on August 12, 2024.

Why did Kodiak Gas Services (KGS) increase its dividend?

Kodiak Gas Services (KGS) increased its dividend due to enhanced cash flow generated by its large contract compression fleet and management's confidence in the outlook for the compression market.

What is the dividend distribution for Kodiak Gas Services, unitholders?

Kodiak Gas Services, , a subsidiary of Kodiak Gas Services (KGS), has declared a distribution of $0.41 per unit for the second quarter of 2024, payable on August 16, 2024.

Kodiak Gas Services, Inc.

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