KGS on NYSE

Kodiak Gas Services, Inc.

We are a leading provider and operator of large horsepower contract compression infrastructure in the U.S, supporting the critical movement and processing of natural gas across key production regions.4 From its latest annual report

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Last updated Oct 19, 2026.

Overview

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  • TickerKGS on NYSE2
  • IndustryNatural Gas Transmission2
  • HeadquartersMontgomery, United States2
  • Incorporated inDE3
  • Business address9950 Woodloch Forest Drive, 19Th Floor, The Woodlands, Tx 773803
  • Filer categoryLarge accelerated filer3
  • Legal formLimited Liability Company2
  • LEI549300ZQBRWEUOVOM1312
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 49878322

We are a leading provider and operator of large horsepower contract compression infrastructure in the U.S, supporting the critical movement and processing of natural gas across key production regions. Through our wholly-owned subsidiary, Kodiak Services, formed in 2011, we have built and operated a substantial fleet of high-reliability compression assets for more than a decade. On July 3, 2023, we completed our IPO and our common stock is currently trading on the New York Stock Exchange (“NYSE”) under the ticker symbol “KGS.” Our business is centered on long‑term customer relationships, operational excellence, and disciplined capital deployment, positioning us to deliver stable performance while supporting the essential infrastructure needs of the domestic energy industry.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

26.0%Operating margin5
6.2%Net margin5
12.8%Revenue growth, 20255
6.7%Return on equity5
2.12×Debt to equity5
$284.3MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Contract Services brought in 90% of the revenue Kodiak Gas Services, Inc. broke down this way in fiscal 2025.

  1. Contract Services$1.2B590%up 14% from 2024
  2. Service, Other$126.8M510%up 1% from 2024
Products and services by year
Products and services202320242025
Contract Services$735.6M$1.0B$1.2B
Service, Other$114.8M$125.1M$126.8M

Business segments

Contract Services brought in 90% of the revenue Kodiak Gas Services, Inc. broke down this way in fiscal 2025.

  1. Contract Services$1.2B590%up 14% from 2024
  2. Other Services$126.8M510%up 1% from 2024
Business segments by year
Business segments202320242025
Contract Services$735.6M$1.0B$1.2B
Other Services$114.8M$125.1M$126.8M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin11¢$144.1M
  • Other costs80¢$1.1B
  • Income tax2¢$31.9M
  • Profit6¢$80.5M

Out of $1.3B in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending53¢$315.5M
  • Dividends paid27¢$159.6M
  • Share buybacks17¢$104.0M
  • Kept or used elsewhere3¢$20.7M

Out of $599.7M of cash from operations.5

Financial statements

Revenue675$1.3B in 2025+116% since 2021
0$500.0M$1.0B$1.5B2021: $606.4M$606.4M20212022: $707.9M$707.9M2022+17%2023: $850.4M$850.4M2023+20%2024: $1.2B$1.2B2024+36%2025: $1.3B$1.3B2025+13%
Gross profit6$316.6M in 2023+34% since 2021
0$100.0M$200.0M$300.0M$400.0M2021: $236.2M$236.2M20212022: $266.1M$266.1M2022+13%2023: $316.6M$316.6M2023+19%
Operating income675$340.0M in 2025+80% since 2021
0$100.0M$200.0M$300.0M$400.0M2021: $189.0M$189.0M20212022: $222.1M$222.1M2022+18%2023: $244.1M$244.1M2023+10%2024: $249.4M$249.4M2024+2%2025: $340.0M$340.0M2025+36%
Net income675$80.5M in 2025−56% since 2021
0$50.0M$100.0M$150.0M$200.0M2021: $181.0M$181.0M20212022: $106.3M$106.3M2022−41%2023: $20.1M$20.1M2023−81%2024: $49.9M$49.9M2024+149%2025: $80.5M$80.5M2025+61%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Total revenues$1.3B$1.2B$850.4M
Cost of operations$479.9M$458.4M$350.9M
Depreciation and amortization$276.2M$260.3M$182.9M
Long-lived asset impairment$6.3M$9.9M$0
Selling, general and administrative$144.1M$151.7M$73.3M
Loss (gain) on sale of assets$61.6M$29.6M-$777.0K
Total operating expenses$968.1M$909.9M$606.3M
Income from operations$340.0M$249.4M$244.1M
Interest expense-$198.4M-$197.1M-$222.5M
Loss on extinguishment of debt$0$0-$6.8M
Gain on derivatives$0$24.0M$20.3M
Other income (expense), net-$28.2M-$415.0K$31.0K
Total other expenses, net-$226.5M-$173.5M-$209.0M
Income before income taxes$113.5M$75.9M$35.1M
Income tax expense$31.9M$25.6M$15.1M
Net income$81.6M$50.3M$20.1M
Less: Net income attributable to noncontrolling interests$1.1M$439.0K$0
Net income attributable to common shareholders$80.5M$49.9M$20.1M
Basic earnings per share (in dollars per share)$0.90$0.58$0.29
Diluted earnings per share (in dollars per share)$0.89$0.56$0.29
Basic weighted average shares of common stock outstanding (in shares)87.2M shares83.1M shares68.1M shares
Diluted weighted average shares of common stock outstanding (in shares)88.5M shares85.2M shares68.3M shares

Compare Kodiak Gas Services, Inc. with another company

Leadership

Who has led Kodiak Gas Services, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (19)

Former names

  • Frontier TopCo, Inc.Feb 7, 2019 to Feb 7, 20193

Timeline

  1. Aug 25, 2023New chief executive Robert Michael McKee becomes CEO10
  2. May 25, 2011Founded Kodiak Gas Services, Inc. is founded2

Filings

380 filings to the SEC since October 2021: 4 annual reports, 11 quarterly reports, 65 major events, 162 insider forms, 28 large holders, 110 other. The latest 20:

  1. Oct 13, 2026144 EDGAR
  2. Oct 13, 20264 EDGAR
  3. Oct 6, 20264 EDGAR
  4. Oct 5, 2026144 EDGAR
  5. Sep 28, 2026S-3ASR EDGAR
  6. Sep 28, 20268-K/A EDGAR
  7. Sep 28, 20268-K EDGAR
  8. Sep 17, 20264 EDGAR
  9. Sep 16, 2026144 EDGAR
  10. Sep 15, 20264 EDGAR
  11. Sep 14, 2026144 EDGAR
  12. Sep 11, 2026144 EDGAR
  13. Sep 11, 20264 EDGAR
  14. Sep 9, 20264 EDGAR
  15. Sep 2, 20264 EDGAR
  16. Sep 1, 2026144 EDGAR
  17. Aug 20, 20264 EDGAR
  18. Aug 19, 2026144 EDGAR
  19. Aug 13, 2026SCHEDULE 13G/A EDGAR
  20. Aug 12, 20264 EDGAR

The 380 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

46 open-market trades by officers, directors and large owners since October 2021: 20 buys and 26 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 16, 2026Buhigas Pedro R.Chief Information OfficerSale3,663$58.14$213.0KForm 4
Sep 14, 2026Hamilton Ewan WilliamEVP & Chief Accounting OfficerSale2,729$61.85$168.8KForm 4
Sep 11, 2026Lenamon William ChadExecutive Vice President & COOSale1,000$63.21$63.2KForm 4
Sep 1, 2026McKee Robert MichaelPresident & CEOSale5,999$59.31$355.8KForm 4
Aug 19, 2026McKee Robert MichaelPresident & CEOSale6,008$62.39$374.8KForm 4
Aug 11, 2026Lenamon William ChadExecutive Vice President & COOSale1,000$61.93$61.9KForm 4
Jul 13, 2026Lenamon William ChadExecutive Vice President & COOSale1,000$67.79$67.8KForm 4
Jul 8, 2026Roclawski Cory AnneEVP & CHROSale4,169$68.36$285.0KForm 4
Jun 17, 2026Buhigas Pedro R.Chief Information OfficerSale4,625$67.78$313.5KForm 4
Jun 16, 2026Hamilton Ewan WilliamEVP & Chief Accounting OfficerSale2,729$68.62$187.3KForm 4
Jun 11, 2026Lenamon William ChadExecutive Vice President & COOSale1,000$67.79$67.8KForm 4
Mar 19, 2026Buhigas Pedro R.Chief Information OfficerSale13,942$55.73$777.0KForm 4
Mar 17, 2026Hamilton Ewan WilliamEVP & Chief Accounting OfficerSale5,797$56.18$325.7KForm 4
Mar 16, 2026Roclawski Cory AnneEVP & CHROSale10,852$54.41$590.5KForm 4
Mar 16, 2026Hamilton Ewan WilliamEVP & Chief Accounting OfficerSale2,091$55.25$115.5KForm 4
Mar 13, 2026Hamilton Ewan WilliamEVP & Chief Accounting OfficerSale4,830$54.75$264.4KForm 4
Mar 13, 2026Darden Alexander NewsomDirectorBuy5,000$54.75$273.8KForm 4
Mar 13, 2026HOGAN RANDALL JDirectorBuy6,000$54.81$328.9KForm 4
Mar 12, 2026Roclawski Cory AnneEVP & CHROSale21,161$56.52$1.2MForm 4
Feb 20, 2026McKee Robert MichaelPresident & CEOBuy433$50.23$21.8KForm 4

All 46 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.15,202,166$1.1B0.0%+2,893,153
Invesco Ltd.8,058,162$605.4M0.0%−126,819
Vanguard Capital Management LLC4,382,477$329.3M0.0%+660,023
Vanguard Portfolio Management LLC4,128,008$310.1M0.0%+2,195,272
State Street Corp4,126,523$310.0M0.0%+693,686
Fmr LLC4,072,866$306.0M0.0%−490,835
American Century Companies Inc2,949,348$221.6M0.1%+502,308
Zimmer Partners, LP2,530,838$190.1M4.5%+148,922
Dimensional Fund Advisors LP2,524,261$189.6M0.0%−581,294
Geode Capital Management, LLC2,491,617$187.2M0.0%+498,892
Wellington Management Group Llp2,432,174$182.7M0.0%+1,117,743
Two Sigma Investments, LP2,103,821$158.1M0.1%+306,833
Goldman Sachs Group Inc1,745,546$131.1M0.0%−368,747
Bank Of America Corp /de/1,462,131$109.8M0.0%−75,687
140 Summer Partners LP1,302,130$97.8M7.9%+6,208
Morgan Stanley1,261,964$94.8M0.0%+331,849
Citadel Advisors LLC1,177,330$88.5M0.1%−727,477
Kayne Anderson Capital Advisors LP1,128,985$84.8M1.7%+506,016
Charles Schwab Investment Management Inc1,096,762$82.4M0.0%+153,343
Bnp Paribas Financial Markets1,084,271$81.5M0.0%+239,519
Northern Trust Corp1,038,831$78.0M0.0%+254,920
Bank of New York Mellon Corp979,946$73.6M0.0%+176,529
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.952,765$71.6M0.1%+1,449
Eagle Global Advisors LLC882,370$66.3M2.2%−48,420
Ameriprise Financial Inc874,965$65.7M0.0%−2,492

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

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