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Kodiak Gas Services Earnings Calls
| Release date | Nov 04, 2025 |
| EPS estimate | $0.500 |
| EPS actual | -$0.170 |
| EPS Surprise | -134.00% |
| Revenue estimate | 327.155M |
| Revenue actual | 322.744M |
| Revenue Surprise | -1.35% |
| Release date | Aug 06, 2025 |
| EPS estimate | $0.460 |
| EPS actual | $0.490 |
| EPS Surprise | 6.52% |
| Revenue estimate | 332.6M |
| Revenue actual | 322.843M |
| Revenue Surprise | -2.93% |
| Release date | May 07, 2025 |
| EPS estimate | $0.390 |
| EPS actual | $0.420 |
| EPS Surprise | 7.69% |
| Revenue estimate | 337.652M |
| Revenue actual | 329.642M |
| Revenue Surprise | -2.37% |
| Release date | Mar 05, 2025 |
| EPS estimate | $0.420 |
| EPS actual | $0.270 |
| EPS Surprise | -35.71% |
| Revenue estimate | 323.819M |
| Revenue actual | 309.519M |
| Revenue Surprise | -4.42% |
Last 4 Quarters for Kodiak Gas Services
Below you can see how KGS performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Mar 05, 2025 |
| Price on release | $40.56 |
| EPS estimate | $0.420 |
| EPS actual | $0.270 |
| EPS surprise | -35.71% |
| Date | Price |
|---|---|
| Feb 27, 2025 | $42.41 |
| Feb 28, 2025 | $43.00 |
| Mar 03, 2025 | $41.04 |
| Mar 04, 2025 | $39.86 |
| Mar 05, 2025 | $40.56 |
| Mar 06, 2025 | $34.48 |
| Mar 07, 2025 | $34.08 |
| Mar 10, 2025 | $33.26 |
| Mar 11, 2025 | $35.30 |
| 4 days before | -4.36% |
| 4 days after | -12.97% |
| On release day | -14.99% |
| Change in period | -16.76% |
| Release date | May 07, 2025 |
| Price on release | $34.13 |
| EPS estimate | $0.390 |
| EPS actual | $0.420 |
| EPS surprise | 7.69% |
| Date | Price |
|---|---|
| May 01, 2025 | $35.19 |
| May 02, 2025 | $35.70 |
| May 05, 2025 | $34.16 |
| May 06, 2025 | $34.22 |
| May 07, 2025 | $34.13 |
| May 08, 2025 | $35.44 |
| May 09, 2025 | $35.66 |
| May 12, 2025 | $36.47 |
| May 13, 2025 | $36.40 |
| 4 days before | -3.01% |
| 4 days after | 6.65% |
| On release day | 3.84% |
| Change in period | 3.44% |
| Release date | Aug 06, 2025 |
| Price on release | $31.97 |
| EPS estimate | $0.460 |
| EPS actual | $0.490 |
| EPS surprise | 6.52% |
| Date | Price |
|---|---|
| Jul 31, 2025 | $32.33 |
| Aug 01, 2025 | $31.30 |
| Aug 04, 2025 | $31.59 |
| Aug 05, 2025 | $31.59 |
| Aug 06, 2025 | $31.97 |
| Aug 07, 2025 | $31.82 |
| Aug 08, 2025 | $32.47 |
| Aug 11, 2025 | $33.14 |
| Aug 12, 2025 | $34.69 |
| 4 days before | -1.11% |
| 4 days after | 8.51% |
| On release day | -0.469% |
| Change in period | 7.30% |
| Release date | Nov 04, 2025 |
| Price on release | $36.27 |
| EPS estimate | $0.500 |
| EPS actual | -$0.170 |
| EPS surprise | -134.00% |
| Date | Price |
|---|---|
| Oct 29, 2025 | $36.17 |
| Oct 30, 2025 | $37.32 |
| Oct 31, 2025 | $36.88 |
| Nov 03, 2025 | $36.74 |
| Nov 04, 2025 | $36.27 |
| Nov 05, 2025 | $33.91 |
| Nov 06, 2025 | $33.98 |
| Nov 07, 2025 | $33.75 |
| Nov 10, 2025 | $34.10 |
| 4 days before | 0.276% |
| 4 days after | -5.98% |
| On release day | -6.51% |
| Change in period | -5.72% |
Kodiak Gas Services Earnings Call Transcript Summary of Q3 2025
Kodiak reported a strong Q3 2025 driven by strategic portfolio simplification, technology investments and robust demand for large-horsepower compression. Management completed an on-time, under-budget ERP implementation to enable AI initiatives, exited all international operations (recently selling Mexico assets), and issued $1.4 billion of bonds to extend maturities and increase liquidity (ending the quarter with ~$1.5 billion ABL availability). Operational highlights include ~4.35 million revenue-generating horsepower, ~60,000 new horsepower deployed in Q3 (≈40% electric), industry-leading fleet utilization (~98% overall, >99% large units), and recontracting of ~200k hp at above-fleet-average pricing. Contract Services adjusted gross margin was 68.3% (up 230 bps YoY). Adjusted EBITDA was $175 million (impacted by ~$5M of nonrecurring SG&A tied to Mexico). Discretionary cash flow hit a quarterly record of $117 million and management raised full-year discretionary cash flow guidance to $450–$470 million. Capital allocation prioritized shareholder returns: $50M buyback in the quarter, a 9% dividend increase to $0.49/share (targeting ~35% of discretionary cash flow), and ~3.5M shares repurchased since Sept 2024. Maintenance CapEx was ~$20M in the quarter; growth CapEx was ~$80M. The company took a $28M noncash charge related to a multiyear Texas sales/use tax negotiation, expecting to settle and close the accrual in early 2026. For 2026 management says the 2026 new unit plan is effectively fully contracted and they expect continued pricing strength and margin expansion, though formal 2026 guidance will be provided next quarter. Key investor takeaways: strong free cash generation and discretionary cash flow yield (~15% at current price), derisked balance sheet with extended maturities and high liquidity, continued pricing power/very high utilization in large-horsepower assets, focused U.S. strategy (Permian emphasis) with continued potential M&A or customer-transaction optionality.
