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, 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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