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Kodiak Gas Services, Inc. - $KGS STOCK NEWS

Welcome to our dedicated page for Kodiak Gas Services news (Ticker: $KGS), a resource for investors and traders seeking the latest updates and insights on Kodiak Gas Services stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Kodiak Gas Services's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Kodiak Gas Services's position in the market.

News
Kodiak Gas Services Announces Launch of $750 Million Senior Unsecured Notes Offering
Rhea-AI Summary
Kodiak Gas Services, Inc. (NYSE: KGS) has announced a private offering of $750 million in senior unsecured notes due 2029 by its subsidiary, Kodiak Gas Services, LLC. The net proceeds will be used to repay a portion of outstanding debt and to cover fees, costs, and expenses related to the acquisition of CSI Compressco LP. The Notes will not be registered under the Securities Act of 1933 and are offered only to qualified institutional buyers or non-U.S. persons.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.94%
Tags
none
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News
Kodiak Gas Services Announces Quarterly Dividend of $0.38 per Share of Common Stock
Rhea-AI Summary
Kodiak Gas Services, Inc. (KGS) has declared a cash dividend of $0.38 per share of common stock for the fourth quarter of 2023, amounting to $1.52 per share on an annualized basis. The dividend will be paid on February 23, 2024, to stockholders of record as of February 16, 2024. Mickey McKee, Kodiak's CEO, emphasized the importance of returning capital to shareholders and maintaining a well-covered dividend as part of the company's capital allocation strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.94%
Tags
dividends
-
News
Kodiak Gas Services, Inc. to Acquire CSI Compressco LP in an $854 Million All-Equity Transaction
Rhea-AI Summary
Kodiak Gas Services, Inc. (NYSE: KGS) and CSI Compressco LP (NASDAQ: CCLP) have executed a definitive merger agreement under which Kodiak will acquire CSI Compressco in an all-equity transaction valued at approximately $854 million, including the assumption of $619 million of net debt. The acquisition will create the industry's largest contract compression fleet with 4.3 million revenue-generating horsepower. The combined entity is expected to generate approximately $630 million in 2024 Adjusted EBITDA after the expected annual run-rate cost synergies of at least $20 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.78%
Tags
acquisition
News
Kodiak Gas Services, Inc. to Acquire CSI Compressco LP in an $854 Million All-Equity Transaction
Rhea-AI Summary
Kodiak Gas Services, Inc. (NYSE: KGS) to acquire CSI Compressco LP (NASDAQ: CCLP) in an all-equity transaction valued at approximately $854 million, including the assumption of $619 million of net debt. The acquisition will create the industry's largest contract compression fleet, with 4.3 million revenue-generating horsepower, and is expected to generate approximately $630 million in 2024 Adjusted EBITDA after the expected annual run-rate cost synergies of at least $20 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.78%
Tags
acquisition
-
News
Kodiak Gas Services Announces Third Quarter 2023 Results Including Record Quarterly Revenues and Adjusted EBITDA; Updates Full Year 2023 Guidance
Rhea-AI Summary
Kodiak Gas Services, Inc. (NYSE: KGS) reported Q3 2023 financial results, with total revenues of $231.0 million, a 14% growth in Compression Operations segment revenues, net income of $21.8 million, and adjusted EBITDA of $110.1 million. The company also updated full-year 2023 guidance, initiating a quarterly dividend of $0.38 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.31%
Tags
earnings
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News
Kodiak Gas Services Initiates Quarterly Dividend of $0.38 per Share of Common Stock
Rhea-AI Summary
Kodiak Gas Services announces Q3 2023 earnings release and dividend payment. First quarterly cash dividend of $0.38 per share declared. Financial results to be released on November 8, 2023, with conference call scheduled for November 9, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.24%
Tags
dividends
News
Kodiak Gas Services to be Added to Four Russell US Indexes
Rhea-AI Summary
Kodiak Gas Services, Inc. will be added to the Russell 2000®, Russell 2500®, Russell 3000® and Russell Small Cap Completeness® indexes, increasing visibility among investors. The inclusion is expected to broaden the shareholder base and attract passive and active ETFs and institutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
Tags
none
-
News
Kodiak Gas Services to Participate in the Barclays CEO Energy-Power Conference
Rhea-AI Summary
Kodiak Gas Services, Inc. (NYSE: KGS) will participate in the Barclays CEO Energy-Power Conference in New York City on September 5th & 6th, 2023. Kodiak's senior management will conduct an investor presentation on September 6th at 3:00 p.m. ET. The presentation will be broadcast live via webcast and a replay will be available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.38%
Tags
conferences
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News
Kodiak Gas Services Announces Second-Quarter 2023 Results Including Record Quarterly Revenues and Provides Full-Year 2023 Guidance
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.41%
Tags
earnings
News
Kodiak Gas Services Announces 2023 Second Quarter Earnings Release and Conference Call Schedule
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.09%
Tags
earnings
Stock KGS logo
Kodiak Gas Services, Inc.

NYSE:KGS

KGS Rankings

#1777 Ranked by Market Cap
#1294 Ranked by Stock Gains
#550 Ranked by Dividends

KGS Stock Data

2.40B
18.01M
66.32%
22.13%
2.71%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
THE WOODLANDS