Company research
Kodiak Gas Services, Inc.
CIK 1767042Updated Sep 26, 2026
SecurityKGS · NYSE · equity
Name history
Frontier TopCo, Inc. · through Feb 7, 2019
KGS price & chart
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NYSE:KGS on TradingView ↗In the news
EQT completes public offering of common stock of Kodiak Gas Services USA - English USA - English News provided by EQT Dec 02, 2025, 16:42 ET Share this article Share to X Share this article Share to X The offering resulted in gross proceeds of approximately USD335.5 million NEW YORK , Dec. 2, 2025 / ↗
EQT completes public offering of common stock of Kodiak Gas Services USA - English USA - English News provided by EQT Dec 02, 2025, 16:33 ET Share this article Share to X Share this article Share to X The offering resulted in gross proceeds of approximately USD335.5 million NEW YORK , Dec. 2, 2025 / ↗
Recent filings
Show 5 more recent filings
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
144 filing
144 filing
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 4,318,017,000Source | 4,435,123,000Source | 3,244,106,000Source | 3,205,540,000Source |
| Property, Plant and Equipment, NetUSD | 3,377,555,000Source | 3,395,022,000Source | 2,536,091,000Source | 2,488,682,000Source |
| GoodwillUSD | 408,681,000Source | 415,213,000Source | 305,553,000Source | 305,553,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 3,179,000Source | 4,750,000Source | 5,562,000Source | 20,431,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 197,600,000Source | 253,637,000Source | 113,192,000Source | 97,551,000Source |
| Inventory, NetUSD | 101,530,000Source | 103,341,000Source | 76,238,000Source | 72,155,000Source |
| Assets, CurrentUSD | 323,136,000Source | 383,661,000Source | 230,963,000Source | 204,035,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 15,637,000Source | 10,686,000Source | 10,353,000Source | 9,520,000Source |
| Operating Lease, Right-of-Use AssetUSD | 42,218,000Source | 53,754,000Source | 33,716,000Source | 9,827,000Source |
| Other Assets, NoncurrentUSD | 789,000Source | 1,486,000Source | 639,000Source | 564,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 3,110,621,000Source | 3,061,516,000Source | 2,101,453,000Source | 2,976,447,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 4,000Source | 9,000Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 903,000Source | 892,000Source | 774,000Source | 590,000Source |
| Additional Paid in CapitalUSD | 1,334,333,000Source | 1,305,375,000Source | 963,760,000Source | 33,189,000Source |
| Retained Earnings (Accumulated Deficit)USD | 12,800,000Source | 93,637,000Source | 178,119,000Source | 195,314,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -1,586,000Source | — | — | — |
| Stockholders' Equity Attributable to ParentUSD | — | — | 1,142,653,000Source | 229,093,000Source |
| Liabilities and EquityUSD | 4,318,017,000Source | 4,435,123,000Source | 3,244,106,000Source | 3,205,540,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 385,942,000Source | 319,369,000Source | 210,629,000Source | 188,974,000Source |
| Operating Lease, Liability, CurrentUSD | 9,796,000Source | 9,930,000Source | 0Source | 3,090,000Source |
| Accounts Payable, CurrentUSD | 72,974,000Source | 57,562,000Source | 49,842,000Source | 37,992,000Source |
| Operating Lease, Liability, NoncurrentUSD | 39,391,000Source | 49,748,000Source | 34,468,000Source | 6,754,000Source |
| Deferred Income Tax Liabilities, NetUSD | 122,851,000Source | 103,826,000Source | 62,748,000Source | 57,155,000Source |
| Other Liabilities, NoncurrentUSD | 2,782,000Source | 3,150,000Source | 2,148,000Source | 3,545,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 4,910,000Source | 13,694,000Source | — | — |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | — | — | 8,100,000Source | 900,000Source |
| Accrued Liabilities, CurrentUSD | 218,463,000Source | 188,732,000Source | 97,078,000Source | 93,873,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 2,555,250,000Source | 2,581,909,000Source | 1,791,460,000Source | 2,720,019,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 81,588,000Source | 50,334,000Source | — | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 276,185,000Source | 260,272,000Source | 182,869,000Source | 174,463,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 24,529,000Source | 17,658,000Source | 5,914,000Source | 971,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -43,757,000Source | 102,887,000Source | 22,742,000Source | 16,887,000Source |
| Increase (Decrease) in InventoriesUSD | -1,070,000Source | 1,336,000Source | 4,583,000Source | 24,302,000Source |
| Increase (Decrease) in Accounts PayableUSD | 5,167,000Source | 4,967,000Source | 10,166,000Source | -1,518,000Source |
| Deferred Income Tax Expense (Benefit)USD | 25,663,000Source | 15,429,000Source | 7,863,000Source | 27,301,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 599,740,000Source | 327,987,000Source | 266,326,000Source | 219,846,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -285,290,000Source | -292,468,000Source | -218,421,000Source | -251,382,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 0Source | 0Source | 75,000Source | 115,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 315,472,000Source | 336,956,000Source | 219,795,000Source | 259,349,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 6,362,000Source | 2,766,000Source | — | — |
| Payments for Repurchase of Common StockUSD | 103,968,000Source | 40,000,000Source | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -316,021,000Source | -36,331,000Source | -62,774,000Source | 23,172,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 159,557,000Source | 133,886,000Source | 29,793,000Source | 0Source |
| Repayments of Long-term DebtUSD | 2,863,679,000Source | 2,475,572,000Source | 1,243,981,000Source | 724,895,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -1,571,000Source | -812,000Source | -14,869,000Source | -8,364,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 3,179,000Source | 4,750,000Source | 5,562,000Source | 20,431,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 168,716,000Source | 147,144,000Source | 216,648,000Source | 143,441,000Source |
| Income Taxes Paid, NetUSD | 5,939,000Source | 14,662,000Source | 9,762,000Source | 2,177,000Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 12,694,000Source | 11,969,000Source | 13,556,000Source | 13,727,000Source |
| Amortization of Intangible AssetsUSD | 14,300,000Source | 12,500,000Source | 9,500,000Source | 9,500,000Source |
| DepreciationUSD | 259,200,000Source | 245,800,000Source | 173,400,000Source | 165,000,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | 0Source | -1,234,000Source | -42,890,000Source | 87,363,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 0Source | 24,017,000Source | — | — |
| Gain (Loss) on Disposition of AssetsUSD | -61,566,000Source | -29,612,000Source | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | 777,000Source | 874,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | 0Source | -6,757,000Source | 0Source |
| GoodwillUSD | 408,681,000Source | 415,213,000Source | 305,553,000Source | 305,553,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | 31,884,000Source | 25,574,000Source | 15,070,000Source | 33,092,000Source |
| Inventory Write-downUSD | — | — | 500,000Source | 500,000Source |
| Net Income (Loss) Attributable to ParentUSD | 80,521,000Source | 49,895,000Source | 20,066,000Source | 106,265,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 1,067,000Source | 439,000Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 78,505,000Source | 48,083,000Source | — | — |
| Nonoperating Income (Expense)USD | -226,538,000Source | -173,542,000Source | -208,974,000Source | -82,734,000Source |
| Operating ExpensesUSD | — | — | 606,271,000Source | 485,822,000Source |
| Other Nonoperating Income (Expense)USD | -28,168,000Source | -415,000Source | 31,000Source | 17,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 2,857,499,000Source | 2,642,370,000Source | 1,020,102,000Source | 1,613,886,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 1,308,100,000Source | 1,159,311,000Source | 850,381,000Source | 707,913,000Source |
| Selling, General and Administrative ExpenseUSD | 144,070,000Source | 151,680,000Source | 73,308,000Source | 44,882,000Source |
| Operating Income (Loss)USD | 340,010,000Source | 249,450,000Source | 244,110,000Source | 222,091,000Source |
| Other Nonoperating Income (Expense)USD | -28,168,000Source | -415,000Source | 31,000Source | 17,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 113,472,000Source | 75,908,000Source | 35,136,000Source | 139,357,000Source |
| Income Tax Expense (Benefit)USD | 31,884,000Source | 25,574,000Source | 15,070,000Source | 33,092,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 1,067,000Source | 439,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | 80,521,000Source | 49,895,000Source | 20,066,000Source | 106,265,000Source |
| Earnings Per Share, BasicUSD per share | 0.9Source | 0.58Source | 0.29Source | 1.8Source |
| Earnings Per Share, DilutedUSD per share | 0.89Source | 0.56Source | 0.29Source | 1.8Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 87,199,000Source | 83,094,000Source | 68,058,630Source | 59,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 88,523,000Source | 85,170,000Source | 68,327,018Source | 59,000,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 14,300,000Source | 12,500,000Source | 9,500,000Source | 9,500,000Source |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and AmortizationUSD | 479,925,000Source | 458,376,000Source | — | — |
| Costs and ExpensesUSD | 968,090,000Source | 909,861,000Source | — | — |
| Current Income Tax Expense (Benefit)USD | 6,221,000Source | 10,145,000Source | 7,207,000Source | 5,791,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 276,185,000Source | 260,272,000Source | 182,869,000Source | 174,463,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 0Source | 24,017,000Source | — | — |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Gross ProfitUSD | — | — | 316,641,000Source | 266,099,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 117,415,000Source | 74,650,000Source | — | — |
| Interest ExpenseUSD | — | — | 222,514,000Source | 165,867,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | -198,370,000Source | -197,144,000Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 78,505,000Source | 48,083,000Source | — | — |
| Nonoperating Income (Expense)USD | -226,538,000Source | -173,542,000Source | -208,974,000Source | -82,734,000Source |
| Operating ExpensesUSD | — | — | 606,271,000Source | 485,822,000Source |