Kodiak Gas Services Inc Stock Price, News & Analysis

Kodiak Gas Services (NYSE: KGS) announced that the 2024 Schedule K-1 investor tax packages for former CSI Compressco LP unitholders are now available online. These can be accessed through the K-1 Tax Package Support website at www.taxpackagesupport.com/compressco.

Kodiak completed the acquisition of CSI Compressco on April 1, 2024. For more information regarding the Tax Package for the year ending April 1, 2024, unitholders can call the K-1 Tax Package Support line toll-free at (877) 223-4851.

EQT has announced the completion of a significant stock sale involving Kodiak Gas Services (NYSE: KGS). Through an affiliate of EQT Infrastructure III and IV funds, the company sold approximately 3.7 million shares of Kodiak Gas Services common stock, generating gross proceeds of approximately USD 177 million. The transaction was executed on January 30, 2025, in accordance with Rule 144 of the Securities Act of 1933. Goldman Sachs & Co. served as the broker for this transaction.

Kodiak Gas Services (NYSE: KGS) has declared a quarterly cash dividend of $0.41 per share of common stock for Q4 2024, payable on February 21, 2025, to stockholders of record as of February 14, 2025. Similarly, Kodiak Services, a subsidiary, will distribute $0.41 per unit to its unitholders on the same dates.

The company will release its Q4 and full-year 2024 financial results on March 5, 2025, after market close, followed by a conference call on March 6, 2025, at 11:00 a.m. Eastern Time. The earnings call will be accessible via phone and webcast, with replay options available through March 20, 2025.

EQT, through its infrastructure funds III and IV, has completed an underwritten public offering of 5,500,000 shares of Kodiak Gas Services (NYSE: KGS) common stock. The offering generated gross proceeds of $232,925,000. Goldman Sachs & Co. and J.P. Morgan served as the underwriters for the offering, which was completed on December 13, 2024. Notably, Kodiak Gas Services did not participate in the share sale and received no proceeds from the transaction.

Kodiak Gas Services (NYSE: KGS) has announced the pricing of an underwritten offering of 5,500,000 shares of its common stock by an affiliate of EQT Infrastructure III and IV funds. The offering will generate total gross proceeds of $232,925,000. Kodiak will not sell any shares or receive any proceeds from this offering. The offering is expected to close on December 13, 2024.

Goldman Sachs & Co. and J.P. Morgan are serving as the underwriters for the offering, which is being conducted through a prospectus supplement and base prospectus filed with the SEC under an automatic shelf registration statement that became effective on July 10, 2024.

Kodiak Gas Services (NYSE: KGS) announced a public offering of 5,500,000 shares of common stock by an affiliate of EQT Infrastructure III and EQT Infrastructure IV funds. The company will not sell any shares or receive proceeds from this offering. Goldman Sachs & Co. and J.P. Morgan are acting as underwriters. The offering will be conducted through a prospectus supplement and base prospectus filed under an automatic shelf registration statement on Form S-3, which became effective on July 10, 2024.

Kodiak Gas Services (NYSE: KGS) announced the pricing of an upsized public offering of 5,708,885 shares at $34.50 per share by EQT Infrastructure funds. The underwriters have a 30-day option for additional 856,332 shares. Concurrent with the offering's closing, Kodiak plans to repurchase $15 million worth of shares (434,783 shares) from the selling stockholder at the public offering price. This repurchase is part of the company's $50 million share repurchase program, leaving $35 million remaining after completion. The offering is expected to close on November 18, 2024.

Kodiak Gas Services (NYSE: KGS) announced a public offering of 4,853,556 shares of common stock by an affiliate of EQT Infrastructure III and IV funds. The selling stockholder may grant underwriters a 30-day option for additional 728,034 shares. Kodiak will not receive any proceeds from the offering. The company plans to privately purchase $15 million of common stock from the selling stockholder at the public offering price. The total offering will be 6,000,000 shares less the shares repurchased by the company. This repurchase is part of Kodiak's existing $50 million share repurchase program, leaving $35 million remaining after completion.

Kodiak Gas Services (NYSE: KGS) has announced a $50 million share repurchase program approved by its Board of Directors. The program will run through December 31, 2025, allowing the company to repurchase shares through open market transactions or privately negotiated deals. The repurchases will comply with Rule 10b-18 requirements, and the company may implement Rule 10b5-1 plans. While not obligated to purchase any specific amount, Kodiak maintains flexibility to suspend or terminate the program based on factors including price, market conditions, and alternative investment opportunities.