Kodiak Gas Services
Operates contracted natural-gas compression and distributed power equipment across U.S. energy markets.
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Profile
Rents and operates large-horsepower natural-gas compression and distributed power equipment, earning primarily contracted equipment and capacity payments plus installation, maintenance, station-construction, and field-service fees. Compression remains the core business, with most assets concentrated in the Permian Basin and Eagle Ford Shale.
Operates large-horsepower natural-gas compression through Compression Infrastructure for upstream and midstream customers in U.S. producing regions. Power Infrastructure, added through the Distributed Power Solutions acquisition and branded Kodiak Power Solutions, rents distributed and behind-the-meter generation equipment with installation, operation, maintenance, and support services for energy and digital-infrastructure users.
Earns compression revenue primarily from fixed-revenue term contracts; power arrangements generally combine fixed monthly equipment and capacity payments with service fees. Other Services covers station construction, customer-owned compressor maintenance and overhaul, parts, crane, freight, and related field work.
Standardized equipment, predictive maintenance, monitoring, and technician training support uptime. Most compression assets sit in the Permian Basin and Eagle Ford Shale, tying results to regional production and gathering activity; contracts become cancellable on short notice after their primary terms, and operations are subject to air-quality, safety, and other energy-infrastructure regulation.
Company facts
Key statistics
Year to date +53.1% · Average volume (30d) 1.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 13, 2026 | RBC Capital | Reiterate | Outperform | $84 | $88 |
| Aug 11, 2026 | Stifel Nicolaus | Target | $90 | $92 | |
| Aug 10, 2026 | Jefferies | Reiterate | Buy | $79 | $69 |
| Jul 28, 2026 | Piper Sandler | Initiate | Overweight | $78 | |
| Jul 14, 2026 | Stifel Nicolaus | Target | $84 | $90 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.67 | $0.55 | −18.4% | $386.3M | $391.1M | +1.2% | +5.35% |
| May 11, 2026Q1 FY26 | $0.54 | $0.59 | +9.3% | $340.2M | $345.8M | +1.6% | −0.50% |
| Feb 25, 2026Q4 FY25 | $0.49 | $0.40 | −18.8% | $331.0M | $332.9M | +0.6% | +3.98% |
| Nov 4, 2025Q3 FY25 | $0.50 | $0.36 | −28.0% | $330.9M | $322.7M | −2.5% | −6.51% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $329.6M | $322.8M | $322.7M | $332.9M | $345.8M | $391.1M | |
| Gross profit | $130.7M | $141.5M | $140.2M | $139.7M | $154.2M | $124.2M | |
| Operating income | $100.6M | $106.3M | $104.0M | $103.7M | $116.5M | $124.2M | |
| Net income | $30.4M | $39.5M | −$14.0M | $24.6M | $17.8M | $52.0M | |
| Diluted EPS | $0.33 | $0.43 | −$0.17 | $0.30 | $0.20 | $0.53 | |
| Gross margin | 39.6% | 43.8% | 43.4% | 42.0% | 44.6% | 31.8% | |
| Operating margin | 30.5% | 32.9% | 32.2% | 31.1% | 33.7% | 31.8% |
Fiscal years (4-quarter sums)FY22 $707.9M · FY23 $850.4M · FY24 $1.16B · FY25 $1.31B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $137.6M · Total debt $85.5M · Total assets $5.50B · Shareholders' equity $2.16B
Dividends
Last raised to $0.49 from $0.45 in Nov 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 17, 2026 | Aug 17 | Aug 27 | $0.49 | |
| May 18, 2026 | May 18 | May 28 | $0.49 | |
| Feb 13, 2026 | Feb 13 | Feb 20 | $0.49 | |
| Nov 3, 2025 | Nov 3 | Nov 13 | $0.49 | raised from $0.45 |
| Aug 4, 2025 | Aug 4 | Aug 14 | $0.45 | |
| May 5, 2025 | May 5 | May 15 | $0.45 | raised from $0.41 |
| Feb 14, 2025 | Feb 14 | Feb 21 | $0.41 | |
| Nov 1, 2024 | Nov 1 | Nov 8 | $0.41 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 100.92M · Float 64.50M · 63.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 15.20M | 15.06% | 13F | Aug 7, 2026 |
| Invesco Ltd. | 8.06M | 7.98% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 4.38M | 4.34% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 4.13M | 4.09% | 13F | Aug 13, 2026 |
| State Street Corp | 4.13M | 4.09% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 19, 2026 | Robert Michael McKee | director, officer: President & CEO | −6,008 | $62.39 |
| Aug 11, 2026 | William Chad Lenamon | officer: Executive Vice President & COO | −1,000 | $61.93 |
| Jul 13, 2026 | William Chad Lenamon | officer: Executive Vice President & COO | −1,000 | $67.79 |
| Jul 8, 2026 | Cory Anne Roclawski | officer: EVP & CHRO | −4,169 | $68.36 |
| Jun 17, 2026 | Pedro R. Buhigas | officer: Chief Information Officer | −4,625 | $67.78 |
Peers
- Archrock
Direct compression peer with U.S. fleet and aftermarket services
- USA Compression Partners
Large-horsepower compression peer in midstream applications
- Natural Gas Services Group
Smaller compression rental peer with large-horsepower focus
- Enerflex (ADR)
Diversified compression and modular energy systems peer
- Southern Company
PowerSecure overlaps in microgrids and distributed energy
- United Rentals
Power/HVAC rental adjacency for industrial power needs
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Kodiak Gas Services | $58.00 | +0.62% | $5.82B | 67.1 | 22.4 | 4.2 | +21.2% |
| Archrock | $31.24 | −0.02% | $5.48B | 16.8 | 16.0 | 3.6 | −3.1% |
| USA Compression Partners | $26.93 | +0.19% | $3.90B | 25.4 | 18.6 | 3.3 | +36.8% |
| Natural Gas Services Group | $34.69 | +0.03% | $438.3M | 21.5 | 15.8 | 2.3 | +24.2% |
| Enerflex (ADR) | $20.00 | −0.02% | $2.44B | 47.6 | 10.7 | 0.9 | −9.2% |
| Southern Company | $92.05 | +4.32% | $101.52B | 21.3 | 18.9 | 3.4 | +0.1% |
| United Rentals | $1,030.25 | +0.02% | $64.13B | 24.9 | 19.6 | 3.8 | +11.8% |
| Median | 23.2 | 17.3 | 3.3 | +6.0% |