Kodiak Gas Services, Inc.KGS
What Kodiak Gas Services, Inc. does.
We are a leading provider and operator of large horsepower contract compression infrastructure in the U.S, supporting the critical movement and processing of natural gas across key production regions. Through our wholly-owned subsidiary, Kodiak Services, formed in 2011, we have built and operated a substantial fleet of high-reliability compression assets for more than a decade. On July 3, 2023, we completed our IPO and our common stock is currently trading on the New York Stock Exchange (“NYSE”) under the ticker symbol “KGS.” Our business is centered on long‑term customer relationships, operational excellence, and disciplined capital deployment, positioning us to deliver stable performance while supporting the essential infrastructure needs of the domestic energy industry.
Our Contract Services and related services are critical to our customers’ ability to reliably produce, gather and transport natural gas and oil. We are a market leader in the Permian Basin, which is the largest producing natural gas and oil basin in the U.S. We operate our large horsepower compression units under fixed-revenue term contracts with many upstream and midstream customers. We believe large horsepower compression units serve more stable applications, receive longer initial contracts, are more likely to be renewed, and produce higher margins, ultimately generating recurring cash flow and return on invested capital. When properly maintained, our compression assets have long useful lives, consistent with the expected production lives of the key regions where we operate. We believe our customer-centric business model positions us as the preferred contract compression operator for our customers and creates long-standing relationships. We strategically invest in the training, development, and retention of our highly skilled and dedicated employees and believe their expertise and commitment to excellence enhances and differentiates our business model. Furthermore, we maintain an intense focus on being one of the most sustainable and responsible operators of contract compression infrastructure.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | — | $606.4M | $707.9M | $850.4M | $1.2B | $1.3B |
| Net income | — | $181.0M | $106.3M | $20.1M | $49.9M | $80.5M |
| Free cash flow | — | $48.0M | -$39.5M | $46.5M | -$9.0M | $284.3M |
More on KGS.
- Kodiak Gas Services, Inc. summary
- Kodiak Gas Services, Inc. financial statements
- Kodiak Gas Services, Inc. key metrics
- Kodiak Gas Services, Inc. health scores and style box
- Kodiak Gas Services, Inc. earnings
- Kodiak Gas Services, Inc. dividends
- Kodiak Gas Services, Inc. valuation
- Kodiak Gas Services, Inc. ownership and insiders
- Kodiak Gas Services, Inc. peers
Figures from Kodiak Gas Services, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.