Kodiak Gas Services Inc (KGS)

Kodiak Gas Services Announces Pricing of Public Offering of Common StockMay 14, 2026 12:03 PM
Business Wire Kodiak Gas Services, Inc. (NYSE: KGS) (“Kodiak” or the “Company”) today announced that it has priced its previously announced underwritten public offering of 10,563,380 shares of common stock (the “Offering”) at a price to the public of $71.00 per share. Additionally, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,584,507 shares of its common stock from the Company at the public offering price, less underwriting discounts and commissions. The Offering is expected to close on May 15, 2026, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the Offering for general corporate purposes, which will include the repayment of a portion of the outstanding borrowings under its asset-based lending facility, and which may also include funding growth capital for additional power generation equipment. Pending the potential use of the net proceeds of the Offering to fund growth capital for additional power generation equipment, the Company may temporarily apply such portion of the net proceeds to repay outstanding borrowings under its asset-based lending facility. Goldman Sachs & Co. LLC and J.P. Morgan are acting as the joint book-running managers for the Offering. Barclays, BofA Securities, Citigroup, Jefferies, Piper Sandler, RBC Capital Markets, Wells Fargo Securities, Rothschild & Co, Stifel, Texas Capital Securities, TPH&Co., William Blair, and Raymond James acted as joint bookrunners for the Offering. The Offering will be made only by means of a prospectus supplement and the accompanying base prospectus, which was filed as part of an automatic shelf registration statement on Form S-3ASR (File No. 333-295847), which was previously filed with the Securities and Exchange Commission (the “SEC”) on May 13, 2026 and became automatcally effective upon filing. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the Offering, as well as copies of the final prospectus supplement, once available, may be obtained on the SEC’s website at www.sec.gov or by contacting Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing registration-syndops@ny.email.gs.com; and J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com. This press release does not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Kodiak Kodiak is a leading contract compression, distributed power, and energy infrastructure services provider in the United States. The Company serves as a critical link in the infrastructure chain that enables the safe, reliable and efficient production of energy. Headquartered in The Woodlands, Texas, Kodiak provides contract compression, distributed power, and related services to oil and gas producers, midstream customers, and digital infrastructure operators. Cautionary Note Regarding Forward-Looking Statements This press release includes “forward-looking statements” for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are statements other than statements of historical fact. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. They include statements regarding the anticipated closing date of the Offering and the expected use of the net proceeds therefrom. Although Kodiak believes the expectations and forecasts reflected in the forward-looking statements are reasonable, Kodiak can give no assurance they will prove to have been correct. These forward-looking statements may be affected by inaccurate or changed assumptions or by known or unknown risks and uncertainties, most of which are difficult to predict and many of which are beyond Kodiak’s control. Important risks, assumptions and other important factors that could cause future results to differ materially from those expressed in the forward-looking statements are described in the Company’s filings with the SEC, including, but not limited to, those described under “Risk Factors” in Item 1A of Kodiak’s annual report on Form 10-K for the year ended December 31, 2025 and any updates to those factors set forth in Kodiak’s subsequent quarterly reports on Form 10-Q. Except as otherwise required by applicable law, Kodiak disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. View source version on businesswire.com: https://www.businesswire.com/news/home/20260514593675/en/ Graham Sones, VP of Investor Relations

Kodiak Gas Services Announces Pricing of Public Offering of Common StockMay 14, 2026 2:15 AM
Business Wire Kodiak Gas Services, Inc. (NYSE: KGS) (“Kodiak” or the “Company”) today announced that it has priced its previously announced underwritten public offering of 10,563,380 shares of common stock (the “Offering”) at a price to the public of $71.00 per share. Additionally, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,584,507 shares of its common stock from the Company at the public offering price, less underwriting discounts and commissions. The Offering is expected to close on March 15, 2026, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the Offering for general corporate purposes, which will include the repayment of a portion of the outstanding borrowings under its asset-based lending facility, and which may also include funding growth capital for additional power generation equipment. Pending the potential use of the net proceeds of the Offering to fund growth capital for additional power generation equipment, the Company may temporarily apply such portion of the net proceeds to repay outstanding borrowings under its asset-based lending facility. Goldman Sachs & Co. LLC and J.P. Morgan are acting as the joint book-running managers for the Offering. Barclays, BofA Securities, Citigroup, Jefferies, Piper Sandler, RBC Capital Markets, Wells Fargo Securities, Rothschild & Co, Stifel, Texas Capital Securities, TPH&Co., William Blair, and Raymond James acted as joint bookrunners for the Offering. The Offering will be made only by means of a prospectus supplement and the accompanying base prospectus, which was filed as part of an automatic shelf registration statement on Form S-3ASR (File No. 333-295847), which was previously filed with the Securities and Exchange Commission (the “SEC”) on May 13, 2026 and became automatcally effective upon filing. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the Offering, as well as copies of the final prospectus supplement, once available, may be obtained on the SEC’s website at www.sec.gov or by contacting Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing registration-syndops@ny.email.gs.com; and J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com. This press release does not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Kodiak Kodiak is a leading contract compression, distributed power, and energy infrastructure services provider in the United States. The Company serves as a critical link in the infrastructure chain that enables the safe, reliable and efficient production of energy. Headquartered in The Woodlands, Texas, Kodiak provides contract compression, distributed power, and related services to oil and gas producers, midstream customers, and digital infrastructure operators. Cautionary Note Regarding Forward-Looking Statements This press release includes “forward-looking statements” for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are statements other than statements of historical fact. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. They include statements regarding the anticipated closing date of the Offering and the expected use of the net proceeds therefrom. Although Kodiak believes the expectations and forecasts reflected in the forward-looking statements are reasonable, Kodiak can give no assurance they will prove to have been correct. These forward-looking statements may be affected by inaccurate or changed assumptions or by known or unknown risks and uncertainties, most of which are difficult to predict and many of which are beyond Kodiak’s control. Important risks, assumptions and other important factors that could cause future results to differ materially from those expressed in the forward-looking statements are described in the Company’s filings with the SEC, including, but not limited to, those described under “Risk Factors” in Item 1A of Kodiak’s annual report on Form 10-K for the year ended December 31, 2025 and any updates to those factors set forth in Kodiak’s subsequent quarterly reports on Form 10-Q. Except as otherwise required by applicable law, Kodiak disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. View source version on businesswire.com: https://www.businesswire.com/news/home/20260514593675/en/ Graham Sones, VP of Investor Relations

Kodiak Announces Proposed Public Offering of Common StockMay 13, 2026 5:04 PM
Business Wire Kodiak Gas Services, Inc. (NYSE: KGS) (“Kodiak” or the “Company”) today announced that it has commenced an underwritten public offering of $750,000,000 of its shares of common stock (the “Offering”). Additionally, the Company intends to grant the underwriters a 30-day option to purchase up to an additional $112,500,000 of shares of common stock from the Company. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. The Company intends to use the net proceeds from the Offering for general corporate purposes, which will include the repayment of a portion of the outstanding borrowings under its asset-based lending facility, and which may also include funding growth capital for additional power generation equipment. Pending the potential use of the net proceeds of the Offering to fund growth capital for additional power generation equipment, the Company may temporarily apply such portion of the net proceeds to repay outstanding borrowings under its asset-based lending facility. Goldman Sachs & Co. LLC and J.P. Morgan are acting as the joint book-running managers for the Offering. The Offering will be made only by means of a prospectus supplement and the accompanying base prospectus, which was filed as part of an automatic shelf registration statement on Form S-3ASR (File No. 333-295847), which was previously filed with the Securities and Exchange Commission (the “SEC”) on May 13, 2026 and became automatically effective upon filing. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the Offering, as well as copies of the final prospectus supplement, once available, may be obtained on the SEC’s website at www.sec.gov or by contacting Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing registration-syndops@ny.email.gs.com; and J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com. This press release does not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Kodiak Kodiak is a leading contract compression, distributed power, and energy infrastructure services provider in the United States. The Company serves as a critical link in the infrastructure chain that enables the safe, reliable and efficient production of energy. Headquartered in The Woodlands, Texas, Kodiak provides contract compression, distributed power, and related services to oil and gas producers, midstream customers, and digital infrastructure operators. Cautionary Note Regarding Forward-Looking Statements This press release includes “forward-looking statements” for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are statements other than statements of historical fact. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. They include statements regarding the Offering and the expected use of proceeds therefrom. Although Kodiak believes the expectations and forecasts reflected in the forward-looking statements are reasonable, Kodiak can give no assurance they will prove to have been correct. These forward-looking statements may be affected by inaccurate or changed assumptions or by known or unknown risks and uncertainties, most of which are difficult to predict and many of which are beyond Kodiak’s control. Important risks, assumptions and other important factors that could cause future results to differ materially from those expressed in the forward-looking statements are described in the Company’s filings with the SEC, including, but not limited to, those described under “Risk Factors” in Item 1A of Kodiak’s annual report on Form 10-K for the year ended December 31, 2025 and any updates to those factors set forth in Kodiak’s subsequent quarterly reports on Form 10-Q. Except as otherwise required by applicable law, Kodiak disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. View source version on businesswire.com: https://www.businesswire.com/news/home/20260513031982/en/ Graham Sones, VP of Investor Relations

Kodiak Gas Services (KGS) Tops Profit Expectations but Revenue Falls ShortMay 11, 2026 6:42 AM
IH Market News Kodiak Gas Services, Inc. (NYSE:KGS) reported first-quarter adjusted earnings per share of $0.59, beating analyst expectations on profitability, although quarterly revenue of $345.46 million came in below the consensus estimate of $355 million.Despite the revenue miss, total sales increased 4.9% year-over-year from $329.64 million recorded in the same period last year. Record EBITDA Driven by Contract Services Growth The company delivered record adjusted EBITDA of $190.1 million during the quarter, representing a 7.0% increase compared with the first quarter of 2025.Kodiak’s Contract Services division generated record revenue of $307.0 million, up 6.2% from a year earlier. The segment also posted an adjusted gross margin of 70.6%, reflecting continued operational strength in the company’s compression services business.“Kodiak is off to a fantastic start in 2026, with record contract services revenue and adjusted gross margin percentage driving record quarterly adjusted EBITDA,” said Mickey McKee, Kodiak’s President and Chief Executive Officer.“Our contract compression business continues to outperform expectations, and our new power business has tremendous growth potential.” Company Raises Full-Year EBITDA Guidance Kodiak increased its full-year 2026 adjusted EBITDA forecast to a range of $820 million to $860 million, incorporating contributions from the recently completed acquisition of Distributed Power Solutions (DPS).The acquisition officially closed on April 1, 2026. The midpoint of the updated guidance range stands at $840 million.The company also revealed that it has secured more than 260 megawatts of additional power generation capacity as it expands its presence in the power infrastructure market.Management said it expects annual growth of between 300 and 500 megawatts per year through 2030 within its power generation business. Utilisation and Cash Flow Continue to Improve Fleet utilisation reached 98.0% as of March 31, 2026, improving from 96.9% during the same period last year.Kodiak also reported discretionary cash flow of $126.5 million for the quarter, marking a 9.0% increase year-over-year as the company continues to benefit from strong demand across its contract compression operations.Kodiak Gas Services stock price Original: Kodiak Gas Services (KGS) Tops Profit Expectations but Revenue Falls Short

Kodiak Gas Services Reports First Quarter 2026 Financial Results, Increases Full Year 2026 Guidance to Include Distributed Power Business and Provides Power Generation Capacity Update and Growth OutlookMay 11, 2026 6:00 AM
Business Wire Kodiak Gas Services, Inc. (NYSE: KGS) (“Kodiak” or the “Company”) today reported financial and operating results for the quarter ended March 31, 2026. The Company announced increased full-year 2026 guidance to incorporate the contribution from the recently-closed acquisition of Distributed Power Solutions, LLC (DPS). Kodiak also announced that it has procured over 260 megawatts (MWs) of additional power generation capacity and expects annual growth of 300 to 500 MWs per year through 2030. First Quarter 2026 and Recent Highlights Record Contract Services segment revenues of $307.0 million Contract Services gross margin percentage of 48.2% and adjusted gross margin percentage(1) of 70.6% Net income of $17.8 million, or $0.20 per diluted share and adjusted net income(1) of $52.0 million, or $0.59 per adjusted diluted share(1) Record adjusted EBITDA(1) of $190.1 million, a 7.0% increase compared to first quarter 2025 Quarterly net cash provided by operating activities of $71.2 million and record discretionary cash flow(1) of $126.5 million, a 9.0% increase compared to first quarter 2025 Completed 20,700 horsepower purchase-leaseback transaction with a leading oil and gas producer in the Permian Basin Issued $1 billion of senior unsecured notes, reducing the Company's weighted average borrowing rate and bolstering liquidity Closed the acquisition of DPS on April 1, 2026 and procured over 260 MWs of additional power generation capacity; expect to take delivery of 61 MWs in 2026 with the balance to be delivered in 2027 through 2029 2026 Guidance Highlights Provided revised full year 2026 guidance to reflect continued strength in natural gas compression and to incorporate new power segment Increased 2026 Adjusted EBITDA guidance to a range of $820 million to $860 million CEO Commentary “Kodiak is off to a fantastic start in 2026, with record contract services revenue and adjusted gross margin percentage driving record quarterly adjusted EBITDA. Our contract compression business continues to outperform expectations, and our new power business has tremendous growth potential," said Mickey McKee, Kodiak's President and Chief Executive Officer. “Since closing the DPS acquisition, we have been actively engaged with numerous data center developers discussing the scope and scale of their distributed power needs. Given the overwhelming demand, we are actively working to scale our power offerings, including today's announcement of equipment orders that will significantly increase our power generation capacity to over 650 megawatts, and clear line of sight to over two gigawatts by the end of the decade. We are currently in advanced discussions with customers to deploy this capacity under long-term contracts. “We remain constructive on the outlook for U.S. natural gas, with rising demand driving the need for incremental compression infrastructure. The market remains tight with historically long lead times for new large horsepower compression, but Kodiak is well positioned to deliver on our growth targets in the coming years. We're also encouraged by the increasing adoption of distributed power as the preferred solution for data center and other large industrial power consumers' long-term power needs. We have a robust pipeline of commercial opportunities, and have made meaningful progress to secure the equipment to allow us to capture those opportunities and realize our long-term growth objectives." (1) Adjusted gross margin percentage, adjusted net income, adjusted diluted earnings per share, adjusted EBITDA, and discretionary cash flow are non-GAAP financial measures. Definitions and reconciliations to the most comparable GAAP financial measure are included herein. Segment Information Contract Services segment revenue was $307.0 million in the first quarter of 2026, a 6.2% increase compared to $289.0 million in the first quarter of 2025. Contract Services segment gross margin was $148.0 million in the first quarter of 2026, an 18.3% increase compared to $125.2 million in the first quarter of 2025 and adjusted gross margin was $216.7 million in the first quarter of 2026, a 10.7% increase compared to $195.7 million in the first quarter of 2025. Other Services segment revenue was $38.8 million in the first quarter of 2026, a 4.7% decrease compared to $40.7 million in the first quarter of 2025. Other Services segment gross margin and adjusted gross margin were each $6.2 million in the first quarter of 2026, a 12.7% increase compared to $5.5 million for each measure in the first quarter of 2025. Financial Results Net income attributable to common shareholders of $17.8 million or $0.20 per share, in the first quarter of 2026 included a $36.5 million loss on extinguishment of debt related to the refinancing of the Company's senior notes due 2029, as well as $8.3 million of nonrecurring transaction expenses related primarily to the acquisition of DPS. Adjusting for these items and the associated tax effects, adjusted net income was $52.0 million or $0.59 per diluted share. Long-Term Debt and Liquidity Total debt outstanding was $2.8 billion as of March 31, 2026, and the Company had $1.5 billion available on its ABL Facility. Kodiak’s credit agreement leverage ratio was 3.6x for the first quarter of 2026. Summary Financial Data     Three Months Ended (in thousands, excluding percentages)   March 31, 2026   December 31,
2025   March 31, 2025 Total revenues   $ 345,759     $ 332,871     $ 329,642   Net income attributable to common shareholders   $ 17,805     $ 24,625     $ 30,411   Adjusted net income (1)   $ 52,001     $ 35,261     $ 32,637   Adjusted EBITDA (1)   $ 190,092     $ 184,451     $ 177,664   Adjusted EBITDA percentage (1)     55.0 %     55.4 %     53.9 %               Contract Services revenue   $ 306,985     $ 301,810     $ 288,956   Contract Services adjusted gross margin (1)   $ 216,726     $ 208,911     $ 195,721   Contract Services adjusted gross margin percentage (1)     70.6 %     69.2 %     67.7 %               Other Services revenue   $ 38,774     $ 31,061     $ 40,686   Other Services adjusted gross margin (1)   $ 6,155     $ 3,961     $ 5,460   Other Services adjusted gross margin percentage (1)     15.9 %     12.8 %     13.4 %               Maintenance capital expenditures   $ 17,758     $ 22,265     $ 16,407                 Growth capital expenditures (2) (3)   $ 85,552     $ 25,253     $ 55,983   Other capital expenditures (4)     7,458       11,895       22,258   Total Growth and Other capital expenditures   $ 93,010     $ 37,148     $ 78,241                 Discretionary cash flow (1)   $ 126,505     $ 112,524     $ 116,084   Free cash flow (1)   $ 36,962     $ 78,609     $ 47,219   (1) Adjusted net income, adjusted EBITDA, adjusted EBITDA percentage, adjusted gross margin, adjusted gross margin percentage, discretionary cash flow and free cash flow are non-GAAP financial measures. For definitions and reconciliations to the most directly comparable financial measures calculated and presented in accordance with GAAP, see “Non-GAAP Financial Measures” below.   (2) Growth capital expenditures for the three months ended March 31, 2026 include $18.0 million for additional power generation capacity.   (3) Growth capital expenditures made to (1) expand the operating capacity or operating income capacity of assets including, but not limited to, the acquisition of additional compression units, upgrades to existing equipment, expansion of supporting infrastructure, and implementation of new technologies, (2) maintain the operating capacity or operating income capacity of assets by acquisition of replacement compression units and their supporting infrastructure, and (3) expand the operating capacity or operating income capacity of existing assets..   (4) Other capital expenditures made on assets required to support our operations—such as rolling stock, leasehold improvements, technology hardware and software and related implementation expenditures, safety enhancements to equipment, and other general items that are typically capitalized and that have a useful life beyond one year. Summary Operating Data (as of the dates indicated)     March 31, 2026   December 31,
2025   March 31, 2025 Fleet horsepower (1)   4,477,398     4,456,285     4,422,914   Revenue-generating horsepower (2)   4,389,412     4,354,724     4,284,103   Fleet compression units   4,670     4,736     4,941   Revenue-generating compression units   4,494     4,490     4,545   Revenue-generating horsepower per revenue-generating compression unit (3)   977     970     943   Fleet utilization (4)   98.0 %   97.7 %   96.9 % (1) Fleet horsepower includes (x) revenue-generating horsepower and (y) idle horsepower, which is comprised of compression units that do not have a signed contract or are not subject to a firm commitment from our customer and therefore are not currently generating revenue. (2) Revenue-generating horsepower includes compression units that are operating under contract and generating revenue and compression units which are available to be deployed and for which we have a signed contract or are subject to a firm commitment from our customer. (3) Calculated as (i) revenue-generating horsepower divided by (ii) revenue-generating compression units at period end. (4) Fleet utilization is calculated as (i) revenue-generating horsepower divided by (ii) fleet horsepower. Full-Year 2026 Guidance Kodiak is providing revised guidance for the full year 2026. The full year 2026 guidance below incorporates three quarters of the financial impact of the DPS acquisition given the April 1, 2026 closing date.     Full-Year 2026 Guidance (in thousands, excluding percentages)   Low   High Adjusted EBITDA (1)   $ 820,000     $ 860,000   Discretionary cash flow (1)(2)   $ 520,000     $ 570,000             Segment Information         Compression Infrastructure (3) revenue   $ 1,250,000     $ 1,280,000   Compression Infrastructure adjusted gross margin percentage (1)     68.5 %     70.0 %           Power Infrastructure (3) revenue   $ 95,000     $ 125,000   Power Infrastructure adjusted gross margin percentage (1)     60.0 %     70.0 %           Other Services revenue   $ 125,000     $ 160,000   Other Services adjusted gross margin percentage (1)     13.0 %     16.0 %           Capital Expenditures         Maintenance capital expenditures   $ 80,000     $ 90,000             Growth capital expenditures:         Compression Infrastructure (3)   $ 245,000     $ 275,000   Power Infrastructure (3)     400,000       500,000   Total Growth capital expenditures   $ 645,000     $ 775,000             Other capital expenditures   $ 45,000     $ 55,000   Total Growth and Other capital expenditures   $ 690,000     $ 830,000   (1) The Company is unable to reconcile projected adjusted EBITDA to projected net income (loss) and discretionary cash flow to projected net cash provided by operating activities and projected adjusted gross margin percentage to projected gross margin percentage, the most comparable financial measures calculated in accordance with GAAP, respectively, without unreasonable efforts because components of the calculations are inherently unpredictable, such as changes to current assets and liabilities, unknown future events, and estimating certain future GAAP measures. The inability to project certain components of the calculation would significantly affect the accuracy of the reconciliations.   (2) Discretionary cash flow guidance assumes no change to Secured Overnight Financing Rate futures.   (3) The Company's Contract Services segment will be renamed Compression Infrastructure going forward. In addition, the Company intends to create a new Power Infrastructure segment that will include a significant majority of the assets, revenues and expenses acquired in the DPS acquisition, as well as similar assets, revenues and expenses, going forward. A portion of the revenues and expenses acquired in the DPS acquisition that are not recurring in nature, as well as similar revenues and expenses arising from the power business going forward, will be included in the Company's existing Other Services segment. To assist in comparisons to future segment results, the guidance above is provided using the Company's go-forward segment structure. Conference Call Kodiak will conduct a conference call on Monday, May 11, 2026, at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss financial and operating results for the quarter ended March 31, 2026. To listen to the call by phone, dial 877-407-4012 and ask for the Kodiak Gas Services call at least 10 minutes prior to the start time. To listen to the call via webcast, please visit the Investors tab of Kodiak’s website at www.kodiakgas.com. About Kodiak Kodiak is a leading contract compression, distributed power and energy infrastructure services provider in the United States. The Company serves as a critical link in the infrastructure chain that enables the safe, reliable and efficient production of energy. Headquartered in The Woodlands, Texas, Kodiak provides contract compression, distributed power and related services to oil and gas producers, midstream customers and digital infrastructure operators. Additional information is available on the Company's website at www.kodiakgas.com. Non-GAAP Financial Measures Adjusted net income and adjusted earnings per share are considered non-GAAP measures. Adjusted net income is defined as net income adjusted to exclude certain items, as applicable, such as (i) impairment of long-lived assets; (ii) severance expenses; (iii) transaction expenses; (iv) sales tax reserve; (v) loss on disposal of business; (vi) loss (gain) on derivatives; (vii) loss on extinguishment of debt; and (viii) the tax effects of the adjustments. Adjusted earnings per share is calculated by dividing adjusted net income by the weighted average diluted shares outstanding. Adjusted EBITDA and adjusted EBITDA percentage are considered non-GAAP measures. Adjusted EBITDA is defined net income before interest expense; income tax expense; and depreciation and amortization; plus certain items, as applicable, such as (i) impairment of long-lived assets; (ii) loss (gain) on derivatives; (iii) equity compensation expense; (iv) severance expenses; (v) transaction expenses; (vi) sales tax reserve; (vii) loss (gain) on disposal of business; (viii) loss (gain) on sale of assets; and (ix) loss on extinguishment of debt. We define adjusted EBITDA percentage as adjusted EBITDA divided by total revenues. Adjusted net income, adjusted diluted EPS, adjusted EBITDA and adjusted EBITDA percentage are used as supplemental financial measures by our management and external users of our financial statements, such as investors, commercial banks and other financial institutions, to assess: (i) the financial performance of our assets without regard to the impact of financing methods, capital structure or historical cost basis of our assets; (ii) the viability of capital expenditure projects and the overall rates of return on alternative investment opportunities; (iii) the ability of our assets to generate cash sufficient to make debt payments and pay dividends; and (iv) our operating performance as compared to those of other companies in our industry without regard to the impact of financing methods and capital structure. We believe adjusted net income, adjusted diluted EPS, adjusted EBITDA and adjusted EBITDA percentage provide useful information because, when viewed with our GAAP results and the accompanying reconciliation, they provide a more complete understanding of our performance than GAAP results alone. We also believe that external users of our financial statements benefit from having access to the same financial measures that management uses in evaluating the results of our business. Reconciliations of adjusted net income and adjusted EBITDA to net income and adjusted diluted EPS to GAAP diluted earnings per share, the most directly comparable GAAP financial measures are presented below. Adjusted gross margin is defined as revenue less cost of operations, exclusive of depreciation and amortization expense. Adjusted gross margin percentage is defined as adjusted gross margin divided by total revenues. We believe adjusted gross margin and adjusted gross margin percentage are useful as supplemental measures to investors of our operating profitability. Reconciliations of adjusted gross margin to gross margin are presented below. Discretionary cash flow is considered a non-GAAP measure. Discretionary cash flow is defined as net cash provided by operating activities less (i) maintenance capital expenditures; (ii) certain changes in operating assets and liabilities; and (iii) certain other expenses; plus certain items, as applicable, such as (w) severance expenses; (x) transaction expenses; and (y) sales tax reserve. We believe discretionary cash flow is a useful liquidity and performance measure and supplemental financial measure in assessing our ability to pay cash dividends to our stockholders, make growth capital expenditures and assess our operating performance. A reconciliation of discretionary cash flow to net cash provided by operating activities is presented below. Free cash flow is considered a non-GAAP measure. Free cash flow is defined as net cash provided by operating activities less (i) maintenance capital expenditures; (ii) certain changes in operating assets and liabilities; (iii) certain other expenses; (iv) growth capital expenditures; and (v) other capital expenditures; plus certain items, as applicable, such as (w) severance expenses; (x) transaction expenses; (y) sales tax reserve; and (z) proceeds from sale of assets. We believe free cash flow is a liquidity measure and useful supplemental financial measure in assessing our ability to pursue business opportunities and investments to grow our business and to service our debt. A reconciliation of free cash flow to net cash provided by operating activities is presented below. Cautionary Note Regarding Forward-Looking Statements This news release contains, and our officers and representatives may from time to time make, “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding: (i) expected operating results, such as revenue growth and earnings, including the integration of acquired businesses and assets into our operations, and our ability to service our indebtedness; (ii) anticipated levels of capital expenditures and uses of capital; (iii) current or future volatility in the credit markets and future market conditions; (iv) potential or pending acquisition transactions or other strategic transactions, the timing thereof, the receipt of necessary approvals to close such acquisitions, our ability to finance such acquisitions, and our ability to achieve the intended operational, financial, and strategic benefits from any such transactions; (v) expectations of the effect on our financial condition of claims, litigation, environmental costs, contingent liabilities and governmental and regulatory investigations and proceedings; (vi) production and capacity forecasts for the natural gas and oil industry; (vii) strategy for customer retention, growth, fleet maintenance, market position and financial results; (viii) interest rate hedges; and (ix) strategy for risk management. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not place undue reliance on any of these forward-looking statements. Please refer to the factors discussed throughout the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission, which can be found at the SEC’s website www.sec.gov. The discussion of these factors is specifically incorporated by reference into this news release. Any forward-looking statement made by us in this news release is based only on information currently available to us and speaks only as of the date on which it is made. Except as may be required by applicable law, we undertake no obligation to publicly update any forward-looking statement whether as a result of new information, future developments or otherwise. KODIAK GAS SERVICES, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)     Three Months Ended (in thousands, except per share data)   March 31, 2026   December 31, 2025   March 31, 2025 Revenues:             Contract Services   $ 306,985     $ 301,810     $ 288,956   Other Services     38,774       31,061       40,686   Total revenues     345,759       332,871       329,642   Operating expenses:             Cost of operations (exclusive of depreciation and amortization shown below):             Contract Services     90,259       92,899       93,235   Other Services     32,619       27,100       35,226   Depreciation and amortization     68,681       73,192       70,529   Long-lived asset impairment     —       6,344       —   Selling, general and administrative     46,127       38,923       32,255   Loss on sale of assets     1,261       7,519       9,211   Total operating expenses     238,947       245,977       240,456   Income from operations     106,812       86,894       89,186   Other income (expenses):             Interest expense     (48,741 )     (48,985 )     (47,224 ) Loss on extinguishment of debt     (36,512 )     —       —   Other income (expense), net     (939 )     1,072       (402 ) Total other expenses, net     (86,192 )     (47,913 )     (47,626 ) Income before income taxes     20,620       38,981       41,560   Income tax expense     2,760       14,216       10,524   Net income     17,860       24,765       31,036   Less: Net income attributable to noncontrolling interests     55       140       625   Net income attributable to common shareholders   $ 17,805     $ 24,625     $ 30,411                 Earnings per share attributable to common shareholders:             Basic   $ 0.20     $ 0.28     $ 0.34   Diluted   $ 0.20     $ 0.28     $ 0.33                 Weighted average shares outstanding:             Basic     85,942       86,184       87,879   Diluted     87,501       87,483       90,606   KODIAK GAS SERVICES, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (in thousands)   March 31, 2026   December 31, 2025 Assets         Current assets:         Cash and cash equivalents   $ 94,363     $ 3,179   Accounts receivable, net     238,376       197,600   Inventories, net     103,926       101,530   Contract assets     7,725       5,190   Prepaid expenses and other current assets     15,150       15,637   Total current assets     459,540       323,136   Property, plant and equipment, net     3,419,137       3,377,555   Operating lease right-of-use assets, net     44,361       42,218   Finance lease right-of-use assets, net     5,892       6,500   Goodwill     408,681       408,681   Identifiable intangible assets, net     149,514       154,474   Fair value of derivative instruments     6,578       4,664   Other assets     939       789   Total assets   $ 4,494,642     $ 4,318,017   Liabilities and Stockholders’ Equity         Current liabilities:         Accounts payable   $ 71,831     $ 72,974   Accrued liabilities     195,729       218,463   Contract liabilities     92,413       94,505   Total current liabilities     359,973       385,942   Long-term debt, net of unamortized debt issuance cost     2,787,003       2,555,250   Operating lease liabilities     42,122       39,391   Finance lease liabilities     3,775       4,405   Deferred tax liabilities     125,460       122,851   Other liabilities     1,303       2,782   Total liabilities   $ 3,319,636     $ 3,110,621   Stockholders’ equity:         Preferred stock     2       4   Common stock     908       903   Additional paid-in capital     1,326,985       1,334,333   Treasury stock, at cost     (143,968 )     (143,968 ) Noncontrolling interest     3,597       4,910   Accumulated other comprehensive loss     (99 )     (1,586 ) (Accumulated deficit) Retained earnings     (12,419 )     12,800   Total stockholders’ equity     1,175,006       1,207,396   Total liabilities and stockholders’ equity   $ 4,494,642     $ 4,318,017   KODIAK GAS SERVICES, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)   Three Months Ended March 31, (in thousands)   2026       2025   Cash flows from operating activities:       Net income $ 17,860     $ 31,036   Adjustments to reconcile net income to net cash provided by operating activities:       Depreciation and amortization   68,681       70,529   Equity compensation expense   5,890       6,978   Amortization of debt issuance costs   2,963       3,133   Non-cash lease expense   3,260       2,555   Provision for credit losses   1,169       —   Inventory reserve   —       123   Loss on sale of assets   1,261       9,211   Amortization of interest rate swap   —       2,426   Deferred tax provision   2,709       7,016   Loss on extinguishment of debt   36,512       —   Changes in operating assets and liabilities       Accounts receivable   (41,945 )     (23 ) Inventories   (2,396 )     3,416   Contract assets   (2,535 )     (12,313 ) Prepaid expenses and other current assets   1,604       (1,235 ) Accounts payable   (38 )     2,182   Accrued and other liabilities   (22,916 )     (16,258 ) Contract liabilities   (2,092 )     5,913   Other assets   1,195       (361 ) Net cash provided by operating activities   71,182       114,328   Cash flows from investing activities:       Purchase of property, plant and equipment   (118,370 )     (77,553 ) Proceeds from sale of assets   3,467       9,376   Net cash used for investing activities   (114,903 )     (68,177 ) Cash flows from financing activities:       Borrowings on debt instruments   1,353,857       347,491   Payments on debt instruments   (1,147,272 )     (344,204 ) Principal payments on other borrowings   (395 )     (1,950 ) Payment of debt issuance cost   (12,958 )     —   Principal payments on finance leases   (593 )     (719 ) Dividends paid to stockholders   (42,604 )     (36,445 ) Repurchase of common shares   —       (9,956 ) Cash paid for shares withheld to cover taxes   (14,979 )     (2,827 ) Net effect on deferred taxes and taxes payable related to the vesting of restricted stock   —       16   Distributions to noncontrolling interest   (151 )     (357 ) Net cash provided by (used for) financing activities   134,905       (48,951 ) Net increase (decrease) in cash and cash equivalents   91,184       (2,800 ) Cash and cash equivalents - beginning of period   3,179       4,750   Cash and cash equivalents - end of period $ 94,363     $ 1,950   KODIAK GAS SERVICES, INC. RECONCILIATION OF NET INCOME AND DILUTED EARNINGS PER SHARE TO ADJUSTED NET INCOME AND ADJUSTED DILUTED EARNINGS PER SHARE (UNAUDITED)     Three Months Ended (in thousands)   March 31, 2026   December 31, 2025   March 31, 2025 Net income   $ 17,860     $ 24,765   $ 31,036   Long-lived asset impairment     —       6,344     —   Loss on extinguishment of debt     36,512       —     —   Severance expense     72       2,121     376   Transaction expenses (1)     8,315       793     1,786   Tax effect of adjustments (2)     (10,758 )     1,238     (561 ) Adjusted net income   $ 52,001     $ 35,261   $ 32,637                 Weighted-average common shares outstanding:             Diluted     87,501       87,483     90,606                 Diluted earnings per common share   $ 0.20     $ 0.28   $ 0.33   Long-lived asset impairment     —       0.07     —   Loss on extinguishment of debt     0.42       —     —   Severance expense     —       0.02     0.01   Transaction expenses (1)     0.10       0.01     0.02   Tax effect of adjustments (2)     (0.13 )     0.02     (0.01 ) Adjusted diluted earnings per common share   $ 0.59     $ 0.40   $ 0.35   (1) Represents certain costs associated with non-recurring professional services and other costs, primarily primarily related to the acquisition of DPS and secondary offerings. (2) Represents the estimated tax effect of adjustments calculated using the Company’s adjusted tax provision. KODIAK GAS SERVICES, INC. RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBITDA (UNAUDITED)     Three Months Ended (in thousands, excluding percentages)   March 31, 2026   December 31,
2025   March 31, 2025 Net income   $ 17,860     $ 24,765     $ 31,036   Interest expense     48,741       48,985       47,224   Income tax expense     2,760       14,216       10,524   Depreciation and amortization     68,681       73,192       70,529   Long-lived asset impairment     —       6,344       —   Loss on extinguishment of debt     36,512       —       —   Equity compensation expense     5,890       6,516       6,978   Severance expense     72       2,121       376   Transaction expenses (1)     8,315       793       1,786   Loss on sale of assets     1,261       7,519       9,211   Adjusted EBITDA   $ 190,092     $ 184,451     $ 177,664                 Net income percentage     5.2 %     7.4 %     9.4 % Adjusted EBITDA percentage     55.0 %     55.4 %     53.9 % (1) Represents certain costs associated with non-recurring professional services and other costs, primarily primarily related to the acquisition of DPS and secondary offerings. KODIAK GAS SERVICES, INC. RECONCILIATION OF ADJUSTED GROSS MARGIN TO GROSS MARGIN (UNAUDITED) Contract Services     Three Months Ended (in thousands, excluding percentages)   March 31, 2026   December 31, 2025   March 31, 2025 Total revenues   $ 306,985     $ 301,810     $ 288,956   Cost of operations (excluding depreciation and amortization)     (90,259 )     (92,899 )     (93,235 ) Depreciation and amortization     (68,681 )     (73,192 )     (70,529 ) Gross margin   $ 148,045     $ 135,719     $ 125,192   Gross margin percentage     48.2 %     45.0 %     43.3 % Depreciation and amortization     68,681       73,192       70,529   Adjusted gross margin   $ 216,726     $ 208,911     $ 195,721   Adjusted gross margin percentage     70.6 %     69.2 %     67.7 % Other Services     Three Months Ended (in thousands, excluding percentages)   March 31, 2026   December 31, 2025   March 31, 2025 Total revenues   $ 38,774     $ 31,061     $ 40,686   Cost of operations (excluding depreciation and amortization)     (32,619 )     (27,100 )     (35,226 ) Depreciation and amortization     —       —       —   Gross margin   $ 6,155     $ 3,961     $ 5,460   Gross margin percentage     15.9 %     12.8 %     13.4 % Depreciation and amortization     —       —       —   Adjusted gross margin   $ 6,155     $ 3,961     $ 5,460   Adjusted gross margin percentage     15.9 %     12.8 %     13.4 % KODIAK GAS SERVICES, INC. RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO DISCRETIONARY CASH FLOW AND FREE CASH FLOW (UNAUDITED)     Three Months Ended (in thousands)   March 31, 2026   December 31, 2025   March 31, 2025 Net cash provided by operating activities   $ 71,182     $ 194,862     $ 114,328   Maintenance capital expenditures     (17,758 )     (22,265 )     (16,407 ) Severance expense     72       2,121       376   Transaction expenses (1)     8,315       793       1,786   Change in operating assets and liabilities     69,123       (60,613 )     18,679   Other (2)     (4,429 )     (2,374 )     (2,678 ) Discretionary cash flow   $ 126,505     $ 112,524     $ 116,084   Growth capital expenditures (3)(4)(5)     (85,552 )     (25,253 )     (55,983 ) Other capital expenditures (4)     (7,458 )     (11,895 )     (22,258 ) Proceeds from sale of assets     3,467       3,233       9,376   Free cash flow   $ 36,962     $ 78,609     $ 47,219   (1) Represents certain costs associated with non-recurring professional services and other costs, primarily related to the acquisition of DPS and secondary offerings. (2) Includes non-cash lease expense, provision for credit losses and inventory reserve. (3) Growth capital expenditures includes an $18.0 million investment in power generation infrastructure to support our recently acquired power distribution business for the three months ended March 31, 2026. (4) For the three months ended March 31, 2026, December 31, 2025, and March 31, 2025, growth and other capital expenditures includes a $6.5 million decrease, a $6.5 million increase and a $14.1 million increase in accrued capital expenditures, respectively. (5) For the three months ended March 31, 2026, December 31, 2025, and March 31, 2025, growth capital expenditures includes a $1.0 million increase, a $0.7 million increase and a $1.2 million increase, in a non-cash sales tax accrual on compression equipment purchases, respectively.   View source version on businesswire.com: https://www.businesswire.com/news/home/20260511291625/en/ Investor Contact
Graham Sones, VP – Investor Relations

Kodiak Gas Services Announces Quarterly DividendMay 7, 2026 7:00 PM
Business Wire Kodiak Gas Services, Inc. (NYSE: KGS), (“Kodiak” or the “Company”) today announced that its board of directors has declared a cash dividend of $0.49 per share of common stock for the first quarter of 2026 (the “Common Stock Dividend”). This Common Stock Dividend will be paid on May 28, 2026 to all stockholders of record as of the close of business on May 18, 2026. In conjunction with the Common Stock Dividend, Kodiak Gas Services, LLC (“Kodiak Services”), a subsidiary of Kodiak, has declared a distribution of $0.49 per unit for the first quarter of 2026, which will be paid on May 28, 2026 to all unitholders of record of Kodiak Services on May 18, 2026. About Kodiak Kodiak is a leading contract compression, distributed power, and energy infrastructure services provider in the United States. The Company serves as a critical link in the infrastructure chain that enables the safe, reliable, and efficient production of energy. Headquartered in The Woodlands, Texas, Kodiak provides contract compression, distributed power, and related services to oil and gas producers, midstream customers, and digital infrastructure operators. Additional information is available on the Company’s website at kodiakgas.com. Cautionary Note Regarding Forward-Looking Statements This news release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. A list and description of risks, uncertainties and other factors can be found in the Part I, Item 1A. “Risk Factors” and Part II, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and filed with the SEC on February 26, 2026 and any updates to those factors set forth in our subsequent quarterly reports on Form 10-Q or current reports on Form 8-K. Any forward-looking statement made by us in this news release is based only on information currently available to us and speaks only as of the date on which it is made. Except as may be required by applicable law, we undertake no obligation to publicly update any forward-looking statement whether as a result of new information, future developments or otherwise. View source version on businesswire.com: https://www.businesswire.com/news/home/20260507412860/en/ Graham Sones, VP of Investor Relations

Kodiak Gas Services Announces First Quarter 2026 Earnings Release and Conference Call TimingMay 4, 2026 4:30 PM
Business Wire Kodiak Gas Services, Inc. (NYSE: KGS), ("Kodiak" or the "Company") today announced that it will release first quarter 2026 financial results on Monday, May 11, 2026 before the market opens. In conjunction with the release, the Company will host a conference call and webcast on Monday, May 11, 2026 at 11:00 a.m. Eastern Time (10:00 a.m. Central Time). What:   Kodiak Gas Services First Quarter 2026 Earnings Conference Call     When:   Monday, May 11, 2026 at 11:00 a.m. Eastern Time / 10:00 a.m. Central Time     How:   Via phone – By dialing 877-407-4012 and asking for the Kodiak Gas Services call at least 10 minutes prior to the start time Via webcast – https://ir.kodiakgas.com/news-events/ir-calendar A telephonic replay will be available through May 25, 2026 and may be accessed by dialing 877-660-6853 and using access code 13760455. A replay of the webcast will be available shortly after the call at https://ir.kodiakgas.com/news-events/ir-calendar for 180 days. About Kodiak Kodiak is a leading contract compression, distributed power, and energy infrastructure services provider in the United States. The Company serves as a critical link in the infrastructure chain that enables the safe, reliable, and efficient production of energy. Headquartered in The Woodlands, Texas, Kodiak provides contract compression, distributed power, and related services to oil and gas producers, midstream customers, and digital infrastructure operators. Additional information is available on the Company’s website at kodiakgas.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260504154511/en/ Kodiak Gas Services, Inc.
Graham Sones, VP – Investor Relations

Kodiak Gas Services Announces Completion of Distributed Power Solutions AcquisitionApril 1, 2026 6:36 PM
Business Wire
Kodiak Gas Services, Inc. (NYSE: KGS), (“Kodiak” or the “Company”) today announced that it has completed the previously announced acquisition of Distributed Power Solutions, LLC (“DPS”), a leading provider of turnkey distributed power generation solutions. The acquired business has been rebranded as Kodiak Power Solutions, a division of Kodiak Gas Services.


The acquisition meaningfully expands Kodiak’s platform beyond contract compression into distributed and behind-the-meter power generation, adding approximately 395 megawatts of generation capacity and broadening the Company’s customer base across data centers, microgrids, manufacturing and energy infrastructure end markets.


“The successful closing of the DPS transaction represents an important milestone in Kodiak’s evolution,” said Mickey McKee, Kodiak’s President and Chief Executive Officer. “DPS is a natural strategic extension of our core large-horsepower operating capabilities. We are excited to welcome the DPS team to Kodiak and look forward to delivering long-term value to our customers and shareholders through highly contracted, reliable and scalable power solutions.”


Closing consideration consisted of $587 million of cash consideration (including adjustments for certain additional power generation assets purchased since the transaction announcement, indebtedness assumed and working capital) and the issuance of approximately 2.4 million shares of Kodiak common stock.


Kodiak expects the acquisition to be immediately accretive to earnings and discretionary cash flow per share, while further extending the duration and stability of the Company’s contracted cash flows. Integration activities are underway, with a focus on maintaining service continuity, operational excellence and safety across the combined platform.


About Kodiak


Kodiak is a leading contract compression, distributed power and energy infrastructure services provider in the United States, serving as a critical link in the infrastructure that enables the safe, reliable and efficient production, transportation and generation of energy. Headquartered in The Woodlands, Texas, Kodiak provides contract compression, distributed power and related services to oil and gas producers, midstream customers and digital infrastructure operators. Additional information is available on our website at kodiakgas.com.


Cautionary Note Regarding Forward-Looking Statements


This news release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Forward-looking statements contained herein include the expected financial impact of the acquisition. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. A list and description of risks, uncertainties and other factors can be found in the Part I, Item 1A. “Risk Factors” and Part II, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and filed with the SEC on February 26, 2026 and any updates to those factors set forth in our subsequent quarterly reports on Form 10-Q or current reports on Form 8-K. Any forward-looking statement made by us in this news release is based only on information currently available to us and speaks only as of the date on which it is made. Except as may be required by applicable law, we undertake no obligation to publicly update any forward-looking statement whether as a result of new information, future developments or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260401635319/en/
Graham Sones, VP of Investor Relations

ir@kodiakgas.com

(936) 755-3259


Original: Kodiak Gas Services Announces Completion of Distributed Power Solutions Acquisition

Kodiak Gas Services Announces Accretive Purchase of Over 20,000 Horsepower in the Permian BasinMarch 20, 2026 8:00 AM
Business Wire
Kodiak Gas Services, Inc. (NYSE: KGS) (“Kodiak” or the “Company”) today announced that it recently closed on the purchase of over 20,000 horsepower of large horsepower compression assets from a leading oil and gas producer in the Permian Basin for $24 million.


Kodiak will utilize the acquired compression assets to provide contract compression services to the seller under a seven-year service agreement, generating more than $7 million in incremental annualized revenues. The acquired compression assets will be integrated into Kodiak’s existing operating footprint in Texas and New Mexico, expanding the Company’s presence in one of the most active producing regions in North America.


“This transaction underscores Kodiak’s strategy of deploying capital into high-quality, long-duration commercial opportunities with premier operators, and further strengthens our leading position in the Permian Basin,” said Mickey McKee, President and CEO of Kodiak Gas Services. “The multiyear contracted cash flows and quality return characteristics are expected to drive incremental value for our shareholders.”


Including this transaction, Kodiak expects full year 2026 growth capital expenditures (excluding any capital expenditures related to the pending acquisition of Distributed Power Solutions, LLC) to be in the range of $245 million to $275 million. Kodiak now expects the sum of new units plus the units related to this acquisition to add approximately 170,000 compression horsepower in 2026.


About Kodiak


Kodiak is a leading contract compression services provider in the United States, serving as a critical link in the infrastructure that enables the safe and reliable production and transportation of natural gas and oil. Headquartered in The Woodlands, Texas, Kodiak provides contract compression and related services to oil and gas producers and midstream customers in high–volume gas gathering systems, processing facilities, multi-well gas lift applications and natural gas transmission systems.


Cautionary Note Regarding Forward-Looking Statements


This news release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Forward-looking statements contained herein include expected growth capital expenditures, including specifically the amount of new compression horsepower expected to be added to Kodiak’s fleet in 2026. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. A list and description of risks, uncertainties and other factors can be found in the Part I, Item 1A. “Risk Factors” and Part II, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and filed with the SEC on February 26, 2026 and any updates to those factors set forth in our current reports on Form 8-K. Any forward-looking statement made by us in this news release is based only on information currently available to us and speaks only as of the date on which it is made. Except as may be required by applicable law, we undertake no obligation to publicly update any forward-looking statement whether as a result of new information, future developments or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260319869411/en/
Graham Sones, VP of Investor Relations

ir@kodiakgas.com

(936) 755-3259


Original: Kodiak Gas Services Announces Accretive Purchase of Over 20,000 Horsepower in the Permian Basin

Kodiak Gas Services Announces Upsizing and Pricing of $1,000,000,000 Senior Unsecured Notes OfferingMarch 11, 2026 7:30 PM
Business Wire
Kodiak Gas Services, Inc. (NYSE: KGS) (“Kodiak” or the “Company”) today announced that its subsidiary, Kodiak Gas Services, LLC (the “Issuer”), priced its previously announced private offering (the “Offering”) of $1.0 billion in aggregate principal amount of 5.875% senior unsecured notes due 2031 (the “Notes”). The Notes will have a maturity date of April 1, 2031. The Offering is expected to close on March 20, 2026, subject to customary closing conditions. The Notes will be issued at par and will be guaranteed on a senior unsecured basis by the Company, its existing subsidiaries and certain of its future U.S. subsidiaries that guarantee the Issuer’s revolving asset-based loan credit facility (the “ABL Facility”).


The Company intends to use net proceeds from the Offering to redeem all of the Issuer’s outstanding 7.25% senior notes due 2029 (the “2029 Notes”) at a redemption price equal to 103.625% of the $750 million aggregate principal amount, plus accrued and unpaid interest, if any, and to use remaining net proceeds from the Offering to reduce borrowings under our ABL Facility. The Issuer expects to use amounts available under the ABL Facility to fund the acquisition of 100% of the issued and outstanding membership interests of Distributed Power Solutions, LLC. This press release does not constitute a notice of redemption of the 2029 Notes.


The Notes will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or under any state or other securities laws and may not be offered or sold within the United States, or to or for the account or benefit of any U.S. person, absent registration or an applicable exemption from registration requirements. The Notes are being offered only to persons who are either reasonably believed to be “qualified institutional buyers” under Rule 144A or who are non-“U.S. persons” under Regulation S as defined under applicable securities laws.


This press release does not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.


About Kodiak


Kodiak is a leading contract compression services provider in the United States, serving as a critical link in the infrastructure that enables the safe and reliable production and transportation of natural gas and oil. Headquartered in The Woodlands, Texas, Kodiak provides contract compression and related services to oil and gas producers and midstream customers in high-volume gas gathering systems, processing facilities, multi-well gas lift applications and natural gas transmission systems.


Cautionary Note Regarding Forward-Looking Statements


This press release includes “forward-looking statements” for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are statements other than statements of historical fact. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. They include statements regarding the closing of the Offering and the expected use of proceeds therefrom. Although Kodiak believes the expectations and forecasts reflected in the forward-looking statements are reasonable, Kodiak can give no assurance they will prove to have been correct. They can be affected by inaccurate or changed assumptions or by known or unknown risks and uncertainties. Important risks, assumptions and other important factors that could cause future results to differ materially from those expressed in the forward-looking statements are described under “Risk Factors” in Item 1A of Kodiak’s annual report on Form 10-K for the year ended December 31, 2025 and any updates to those factors set forth in Kodiak’s subsequent quarterly reports on Form 10-Q. Kodiak undertakes no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260311199037/en/
Kodiak Gas Services, Inc.

Graham Sones, VP of Investor Relations

ir@kodiakgas.com

(936) 755-3259


Original: Kodiak Gas Services Announces Upsizing and Pricing of $1,000,000,000 Senior Unsecured Notes Offering

Kodiak Gas Services Announces Launch of $750 Million Senior Unsecured Notes OfferingMarch 11, 2026 9:17 AM
Business Wire
Kodiak Gas Services, Inc. (NYSE: KGS) (“Kodiak” or the “Company”) today announced that its subsidiary, Kodiak Gas Services, LLC (the “Issuer”) has launched a private offering (the “Offering”) of $750 million in aggregate principal amount of senior unsecured notes due 2031 (the “Notes”).


The Issuer intends to use the net proceeds from the offering (together with cash and amounts available under the Issuer’s revolving asset-based loan credit facility (the “ABL Facility”)) to redeem all the Issuer’s outstanding 7.25% Senior Notes due 2029 (the “2029 Notes”) at a redemption price equal to 103.625% of the $750,000,000 aggregate principal amount, plus accrued and unpaid interest, if any. The issuer expects to use amounts available under the ABL Facility to fund the acquisition of 100% of the issued and outstanding membership interests of Distributed Power Solutions, LLC. This press release does not constitute a notice of redemption of the 2029 Notes.


The Notes will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or under any state or other securities laws and may not be offered or sold within the United States, or to or for the account or benefit of any U.S. person, absent registration or an applicable exemption from registration requirements. The Notes are being offered only to persons who are either reasonably believed to be “qualified institutional buyers” under Rule 144A or who are non-“U.S. persons” under Regulation S as defined under applicable securities laws.


This news release does not constitute an offer to purchase or sell any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This news release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.


About Kodiak


Kodiak is a leading contract compression services provider in the United States, serving as a critical link in the infrastructure that enables the safe and reliable production and transportation of natural gas and oil. Headquartered in The Woodlands, Texas, Kodiak provides contract compression and related services to oil and gas producers and midstream customers in high-volume gas gathering systems, processing facilities, multi-well gas lift applications and natural gas transmission systems.


Cautionary Note Regarding Forward-Looking Statements


This press release includes “forward-looking statements” for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are statements other than statements of historical fact. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. They include statements regarding the Offering and the expected use of proceeds therefrom. Although Kodiak believes the expectations and forecasts reflected in the forward-looking statements are reasonable, Kodiak can give no assurance they will prove to have been correct. They can be affected by inaccurate or changed assumptions or by known or unknown risks and uncertainties. Important risks, assumptions and other important factors that could cause future results to differ materially from those expressed in the forward-looking statements are described under “Risk Factors” in Item 1A of Kodiak’s annual report on Form 10-K for the year ended December 31, 2025 and any updates to those factors set forth in Kodiak’s subsequent quarterly reports on Form 10-Q. Kodiak undertakes no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260311915690/en/
Kodiak Gas Services, Inc.

Graham Sones, VP of Investor Relations

ir@kodiakgas.com

(936) 755-3259


Original: Kodiak Gas Services Announces Launch of $750 Million Senior Unsecured Notes Offering

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I am following KGS now because I own shares of CCLP. For every share of CCLP, one will receive a .086 share of KGS. Best of luck to everyone.