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.
Kodiak Gas Services Inc (KGS) delivers essential contract compression infrastructure for North America's oil and gas sector. This page provides investors and industry professionals with centralized access to official announcements, strategic developments, and operational updates.
Track critical information including earnings reports, equipment fleet expansions, and strategic partnerships. Our curated news collection helps stakeholders monitor Kodiak's fixed-contract revenue model, compression technology advancements, and market positioning in key basins like the Permian.
Discover updates on maintenance protocols, environmental initiatives, and infrastructure reliability programs that maintain Kodiak's industry leadership. Bookmark this page for real-time insights into one of energy's most specialized service providers.
Kodiak Gas Services (NYSE: KGS) announced a secondary public offering of 10 million shares of common stock by its major shareholder, Frontier TopCo Partnership, L.P., an affiliate of EQT Infrastructure III and IV funds. The offering will be underwritten by Goldman Sachs & Co. LLC as the sole underwriter.
Notably, Kodiak will not sell any shares or receive any proceeds from this offering, as all shares are being sold by the existing stockholder. The offering will be conducted through a prospectus supplement and base prospectus filed under an automatic shelf registration statement that became effective on July 10, 2024.
Kodiak Gas Services (NYSE: KGS) has announced the pricing of a significant $1.2 billion senior unsecured notes offering. The offering consists of two tranches: $600 million of 6.500% notes due 2033 and $600 million of 6.750% notes due 2035.
The notes will be issued at par and guaranteed on a senior unsecured basis by the Company and its subsidiaries. The proceeds will be used to repay a portion of the outstanding debt under their ABL Facility. Additionally, KGS plans to amend the ABL Facility to reduce total commitments to $2.0 billion and extend its maturity date.
Kodiak Gas Services (NYSE: KGS) has announced a significant $1 billion private notes offering through its subsidiary. The offering consists of $500 million in senior unsecured notes due 2033 and another $500 million due 2035.
The company plans to use the proceeds to repay part of its existing revolving asset-based loan credit facility. Additionally, KGS intends to amend its ABL Facility to reduce total commitments to $2.0 billion and extend the maturity date. The notes will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.
Kodiak Gas Services (NYSE: KGS) announced significant changes to its Board of Directors. William "Bill" L. Bullock, Jr., former Executive Vice President and CFO of ConocoPhillips, has been appointed to the Board, bringing over 30 years of energy sector leadership experience.
The appointment coincides with the resignation of Nirav Shah, one of two directors appointed by EQT Infrastructure funds. Shah's departure follows EQT's recent reduction in ownership stake in Kodiak. The Board will maintain its nine-member structure with Bullock replacing Shah.
[ "Addition of Bill Bullock brings extensive financial and operational leadership experience from ConocoPhillips", "Bullock's expertise in financial stewardship and capital markets strengthens Board capabilities", "Board maintains stable size with nine members despite changes" ]Kodiak Gas Services (NYSE: KGS) has announced the availability of 2024 Schedule K-3 tax packages for former CSI Compressco LP unitholders. The tax documents, which contain international tax relevance information, can be accessed through the K-1 Tax Package Support website.
This announcement follows Kodiak's acquisition of CSI Compressco, which was completed on April 1, 2024. The Schedule K-3 information is particularly relevant for foreign unitholders, those computing foreign tax credits, and certain corporate/partnership unitholders. Former unitholders can obtain electronic copies via email by contacting the support line at (877) 223-4851.
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.
Kodiak Gas Services (NYSE:KGS) has announced a significant $50 million share repurchase from Frontier TopCo Partnership, an affiliate of EQT Infrastructure funds. The company will repurchase 1,508,750 shares at $33.14 per share, the closing price on August 11, 2025.
The transaction, unanimously approved by a special committee of independent directors, will reduce the Selling Stockholder's ownership to below 35%. Following this repurchase, approximately $65 million remains available under Kodiak's share repurchase program. The deal triggers changes in the Stockholders' Agreement, reducing the Selling Stockholder's board representation to one director and eliminating certain corporate action approval requirements.
Kodiak Gas Services (NYSE: KGS) reported strong Q2 2025 financial results, with net income of $39.5 million and record earnings of $0.43 per diluted share. The company achieved record quarterly adjusted EBITDA of $178.2 million, up 15.5% year-over-year, and generated record free cash flow of $70.3 million.
Key highlights include a Contract Services adjusted gross margin increase to 68.3%, fleet utilization improvement to 97.2%, and deployment of 31,800 horsepower of new compression units. The Board approved a $100 million increase to the share repurchase program and raised full-year 2025 adjusted EBITDA guidance to $700-725 million.
The company has been added to the S&P SmallCap 600 index and maintains a strong financial position with $2.6 billion in total debt and $366.4 million available on its ABL Facility.
Kodiak Gas Services (NYSE: KGS) has appointed Steven L. Green as Executive Vice President and Chief Commercial Officer (CCO), effective immediately. Green brings over 20 years of experience in energy and midstream sectors, most recently serving as CEO of Piñon Midstream, where he led a $950 million transaction with Enterprise Products Partners.
In his new role, Green will oversee Kodiak's commercial strategy, including customer engagement, contract structuring, and business development. His previous experience includes managing over 700 miles of pipeline and 1.3 Bcf/d of processing capacity at Caiman Energy / Blue Racer Midstream, where he oversaw nearly $2.5 billion in capital deployment.
Kodiak Gas Services (NYSE:KGS), a leading provider of critical energy infrastructure and contract compression services, has scheduled its second quarter 2025 earnings release for Wednesday, August 6, 2025, after market close.
The company will host a conference call and webcast to discuss the results on Thursday, August 7, 2025, at 10:00 a.m. Eastern Time. Investors can access the call by dialing 877-407-4012 or via webcast on the company's investor relations website. A replay will be available through August 21, 2025, by dialing 877-660-6853 with access code 13754997, and the webcast replay will be accessible for 180 days.
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