KGS
Company Description
Kodiak Gas Services, Inc. (KGS) serves the United States' oil and gas sector by furnishing critical contract compression infrastructure to its clients. The company's business activities are structured into two main divisions: Compression Operations and Other Services. Through its Compression Operations segment, KGS manages both its own and customer-owned compression equipment, which is instrumental in enabling the extraction, collection, and transport of natural gas and oil. The Other Services segment delivers a spectrum of contractual support, including the construction of new facilities, comprehensive maintenance and major repair work, and various additional support offerings billed based on time and materials. Founded in 2010 and headquartered in Montgomery, Texas, the entity originally traded as Frontier TopCo, Inc. Kodiak Gas Services, Inc. presently functions as a subsidiary of Frontier Topco Partnership, L.P.
Track Record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Revenue | 1.31B | 1.16B | 850.38M | 707.91M | 606.38M | 532.42M |
| Net Income | 80.52M | 49.90M | 20.07M | 106.27M | 180.96M | (2.19M) |
| EPS | 0.92 | 0.60 | 0.29 | 1.42 | 2.41 | -0.03 |
| Free Cash Flow | 284.27M | (8.97M) | 46.53M | (39.50M) | 48.04M | (53.41M) |
| FCF / Share | 3.30 | -0.11 | 0.68 | -0.53 | 0.64 | -0.71 |
| Operating CF | 599.74M | 327.99M | 266.33M | 219.85M | 249.98M | 243.98M |
| Total Assets | 4.32B | 4.44B | 3.24B | 3.21B | 3.01B | 3.30B |
| Total Debt | 43.80M | 2.65B | 1.83B | 2.73B | 1.85B | 1.90B |
| Cash & Equiv | 3.18M | 4.75M | 5.56M | 20.43M | 28.80M | 24.11M |
| Book Value | 1.21B | 1.36B | 1.14B | 229.09M | 960.07M | 755.29M |
| Return on Equity | 0.07 | 0.04 | 0.02 | 0.46 | 0.19 | -0.00 |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 345.76M | 332.87M | 322.74M | 322.84M | 329.64M | 309.52M | 324.65M | 309.65M | 215.49M | 225.98M | 230.98M | 203.31M |
| Net Income | 17.80M | 24.62M | (14.01M) | 39.50M | 30.41M | 19.08M | (5.65M) | 6.23M | 30.23M | (6.87M) | 21.77M | 17.52M |
| EPS | 0.20 | 0.31 | -0.17 | 0.44 | 0.34 | 0.21 | -0.07 | 0.07 | 0.39 | -0.09 | 0.28 | 0.30 |
| Free Cash Flow | (47.19M) | 142.03M | 10.91M | 94.55M | 36.77M | 45.25M | (49.66M) | 4.05M | (8.61M) | (11.60M) | 34.19M | 49.23M |
| FCF / Share | -0.55 | 1.65 | 0.13 | 1.08 | 0.42 | 0.52 | -0.59 | 0.05 | -0.11 | -0.15 | 0.41 | 0.83 |
| Operating CF | 71.18M | 194.86M | 113.38M | 177.17M | 114.33M | 118.48M | 36.88M | 121.08M | 51.54M | 62.63M | 85.73M | 94.68M |
| Total Assets | 4.49B | 4.32B | 4.37B | 4.38B | 4.44B | 4.44B | 4.49B | 4.44B | 3.32B | 3.24B | 3.24B | 3.26B |
| Total Debt | 45.90M | 43.80M | 2.67B | 2.61B | 2.65B | 2.65B | 2.66B | 2.55B | 1.87B | 1.83B | 1.78B | 2.80B |
| Cash & Equiv | 94.36M | 3.18M | 724,000 | 5.43M | 1.95M | 4.75M | 7.43M | 3.85M | 9.31M | 5.56M | 6.13M | 41.37M |
| Book Value | 1.18B | 1.21B | 1.25B | 1.34B | 1.34B | 1.36B | 1.25B | 1.31B | 1.14B | 1.14B | 1.17B | 192.88M |
| Return on Equity | 0.02 | 0.02 | -0.01 | 0.03 | 0.02 | 0.01 | -0.00 | 0.00 | 0.03 | -0.01 | 0.02 | 0.09 |
