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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.
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Kodiak Gas Services (NYSE: KGS) reported record second quarter 2024 financial results and increased full-year Adjusted EBITDA guidance. Key highlights include:
- Total revenues of $309.7 million, up from $203.3 million in Q2 2023
- Record quarterly Adjusted EBITDA of $154.3 million, compared to $107.9 million in Q2 2023
- Net income of $6.7 million, down from $17.5 million in Q2 2023
- Increased expected transaction run-rate cost synergies to over $30 million
- Deployed 41,500 horsepower of new large compression units
- ~98% horsepower utilization on units >1,000 horsepower
- Raised full-year 2024 Adjusted EBITDA guidance to $590-$610 million
- Declared a cash dividend of $0.41 per share, an 8% increase over Q1 2024
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), a leading provider of critical energy infrastructure and contract compression services, has announced its schedule for the release of second quarter 2024 financial results. The company will release its earnings report on Monday, August 12, 2024 after market close. A conference call to discuss the results is scheduled for Tuesday, August 13, 2024, at 11:00 a.m. Eastern Time (10:00 a.m. Central Time).
Investors can participate in the call by dialing 877-407-4012 or accessing the webcast at https://ir.kodiakgas.com/news-events/ir-calendar. A replay of the call will be available until August 27, 2024, by dialing 877-660-6853 with access code 13747895. The webcast replay will be accessible on the company's website for 90 days.
Kodiak Gas Services, Inc. (NYSE: KGS) reported strong Q1 2024 results with total revenues of $215.5 million, a net income of $30.2 million, and record Adjusted EBITDA of $117.8 million. The company increased its full-year 2024 guidance, raised its Adjusted EBITDA range to $580-$610 million, and expects Discretionary Cash Flow of $360-$390 million. Kodiak completed the acquisition of CSI, expanding its compression fleet, and focusing on growth and capital allocation strategy.
Kodiak Gas Services, Inc. (NYSE: KGS) has declared a quarterly cash dividend of $0.38 per share of common stock for the first quarter of 2024. The dividend will be paid on May 20, 2024, to stockholders of record as of May 13, 2024. Additionally, Kodiak Services, , a subsidiary of Kodiak, has declared a distribution of $0.38 per unit for the first quarter of 2024, payable on May 20, 2024, to unitholders of record as of May 16, 2024.
TETRA Technologies, Inc. announced first quarter 2024 financial results with a revenue increase of 3% year-over-year to $151 million. Net income was $915,000 with Adjusted EBITDA up 11% to $22.8 million. The company refinanced its term loan with a delayed draw feature and extended maturity to 2030. Completion Fluids & Products business showed strong growth while Water & Flowback Services faced challenges. TETRA remains optimistic about strategic initiatives and outlook for 2024.
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