Kodiak Gas Services, Inc. filings document operating results, capital returns, debt financing, governance changes, and shareholder voting matters for its energy infrastructure services business. Form 8-K reports cover quarterly results, Regulation FD dividend announcements, material definitive agreements, and capital-structure events involving Kodiak Gas Services, LLC as a subsidiary issuer.
Proxy and charter-related filings describe board structure, voting provisions, executive compensation, director elections, and shareholder approvals. Debt-related disclosures include senior unsecured notes, guarantor arrangements, indenture terms, redemption provisions, and related financing obligations.
Kodiak Gas Services Inc: FMR LLC reports beneficial ownership of 5,085,660.16 shares, representing 5.9% of common stock, in Amendment No. 4 to Schedule 13G/A.
FMR LLC and Abigail P. Johnson report sole dispositive power over 5,085,660.16 shares and sole voting power of 5,080,588 shares. The filing references Exhibit 99 and powers of attorney; signatures dated 03/05/2026.
Kodiak Gas Services, Inc. filed its annual report describing a large-horsepower contract compression business concentrated in the Permian Basin and Eagle Ford Shale, where about 82.8% of its compression assets are deployed. The company focuses on long-term, fixed-fee contracts that support stable, recurring cash flow.
Kodiak agreed to acquire Distributed Power Solutions in an equity-and-cash deal valued at about $675.0 million, including $575.0 million in cash and 2,401,278 shares of common stock. During 2025, EQT affiliates fully exited their stake, selling about 38.5 million shares in non-dilutive transactions. Kodiak also sold its Mexico operations at a $33.3 million net loss and declared a quarterly dividend of $0.49 per share, or roughly $43.1 million, for payment in February 2026.
Kodiak Gas Services reported strong fourth-quarter and full-year 2025 results and issued financial guidance for 2026. For 2025, total revenues were $1.31 billion and net income attributable to common shareholders was $80.5 million, with adjusted net income of $139.4 million.
Adjusted EBITDA reached $715.0 million for 2025, up from $609.6 million, and discretionary cash flow was $461.7 million, while free cash flow was $229.6 million. The Contract Services segment generated $1.18 billion of revenue with a 68.4% adjusted gross margin percentage, and fleet utilization improved to 97.7% at year-end 2025.
The company ended 2025 with $2.6 billion of total debt and a credit agreement leverage ratio of 3.5x, having returned over $263 million to shareholders through dividends and repurchases. Kodiak also agreed to acquire Distributed Power Solutions, LLC in an equity-and-cash transaction valued at about $675 million and expects to close in early April 2026.
For full-year 2026, Kodiak guided to adjusted EBITDA of $750 million to $780 million and discretionary cash flow of $480 million to $510 million, with planned growth capital expenditures of $235 million to $265 million, excluding any impact from the pending acquisition.
Kodiak Gas Services, Inc. President & CEO Robert Michael McKee reported an open-market purchase of 433.477 shares of common stock on February 20, 2026 at $50.226 per share. After this trade, his directly held stake rose to 187,628.477 shares.
He also reports 16,180 shares held indirectly through StarMac Investments, Ltd., where he is a manager of the general partner. Footnotes note additional shares acquired through automatic dividend reinvestment and 695 shares gained via participation in the employee stock purchase plan since his last Form 4.
Invesco Ltd. filed an amended Schedule 13G reporting beneficial ownership of 7,593,274 shares of Kodiak Gas Services Inc. common stock, representing 8.8% of the class as of the event date. Invesco reports sole voting power over 7,350,149 shares and sole dispositive power over 7,593,274 shares.
The filing states these securities are held of record by clients of Invesco’s investment advisers, with no individual client having more than 5% economic ownership. Invesco certifies the shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Kodiak Gas Services.
Kodiak Gas Services, Inc. plans to acquire Distributed Power Solutions, LLC for approximately $675.0 million in a cash-and-equity deal. The consideration includes $575.0 million in cash at closing and 2,401,278 shares of Kodiak common stock valued at about $100.0 million.
The acquisition aims to add about 384 MW of Caterpillar-powered distributed generation assets and expand Kodiak beyond gas compression into fast‑growing end markets such as data centers and microgrids. Kodiak expects the transaction to be accretive to earnings and discretionary cash flow per share after closing, which is currently targeted for early April 2026, subject to regulatory approvals and customary conditions.
FMR LLC filed an amended Schedule 13G reporting beneficial ownership of 9,629,945.90 shares of Kodiak Gas Services Inc. common stock, equal to 11.1% of the class as of the event date. FMR LLC has sole voting power over 9,186,464.00 shares and sole dispositive power over 9,629,945.90 shares.
Abigail P. Johnson is also listed as a reporting person with sole dispositive power over the same 9,629,945.90 shares. The filing notes that one or more other persons may receive dividends or sale proceeds from these shares, but no such person holds more than five percent of the outstanding common stock. The securities are certified as held in the ordinary course of business and not for the purpose of changing or influencing control of Kodiak Gas Services.
The Vanguard Group filed an amended ownership report showing beneficial ownership of 6,170,360 shares of Kodiak Gas Services Inc. common stock, representing 7.11% of the class as of the reported date.
Vanguard reports shared voting power over 683,661 shares and shared dispositive power over 6,170,360 shares, with no sole voting or dispositive power. The securities are held in the ordinary course of business, not to change or influence control of Kodiak Gas Services. Vanguard notes an internal realignment under which certain subsidiaries will report beneficial ownership separately.
Kodiak Gas Services, Inc. declared a quarterly cash dividend of $0.49 per share on its common stock. The dividend will be paid on February 20, 2026 to shareholders of record at the close of business on February 13, 2026.
In conjunction with this, Kodiak Gas Services, LLC declared a distribution of $0.49 per unit on its units, payable on February 20, 2026 to all unitholders of record as of the close of business on February 13, 2026.