Jun 2026 (Q2 FY26) — Aug 7, 2026
Kodiak Gas Services Q2 FY26 — Record Adjusted EBITDA and Power Infrastructure Progress
Read the full callKodiak Gas Services (KGS) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Kodiak Gas Services earnings: last reported Fri, 7 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 391 | +21.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 31.8 | +0.9 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 52.0 | +31.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$47.16 −0.11% · −$0.05
Performance +34.7% 1Y
1Y: $35 on 17 Oct 2025 → $47.16. High $76.27 (26 Jun 2026), low $32.95 (17 Nov 2025).
- Previous close
- $47.21
- 52-week range
- $32.95 – $76.27
- One year
- +33.79%
Overview
- Symbol
- KGS
- Sector
- Energy
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q1 FY26) — May 11, 2026
Kodiak Gas Services Q1 FY26 — Record EBITDA and Strong Power Segment Growth Outlook
Read the full callDec 2025 (Q4 FY25) — Feb 26, 2026
Kodiak Gas Services Q4 FY25 — Record Performance Driven by Strong Demand and Strategic Growth
Read the full callEvery analysed call
Kodiak Gas Services earnings calls (KGS)
Financials
What the filings say
Net profit, year on year: +32% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 325 | 310 | 330 | 323 | 323 | 333 | 346 | 391 |
| Expenses | 259 | 240 | 240 | 223 | 259 | 246 | 239 | 267 |
| Operating profit | 66 | 69 | 89 | 100 | 64 | 87 | 107 | 124 |
| Operating margin | 20.4% | 22.3% | 27.1% | 30.9% | 19.9% | 26.1% | 30.9% | 31.8% |
| Other income | -74 | -34 | -48 | -46 | -85 | -48 | -86 | -51 |
| Profit before tax | -8 | 35 | 42 | 53 | -20 | 39 | 21 | 73 |
| Tax rate | 26.0% | 44.2% | 25.3% | 25.2% | 30.7% | 36.5% | 13.4% | 28.8% |
| Net profit | -6 | 19 | 30 | 39 | -14 | 25 | 18 | 52 |
| EPS ($ per share) | -0.07 | — | 0.34 | 0.44 | -0.17 | — | 0.20 | 0.54 |
| Line item | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Equity capital | — | 1 | 1 | 1 | 1 |
| Reserves | — | 195 | 178 | 94 | 13 |
| Total liabilities | 2,052 | 2,976 | 2,101 | 3,062 | 3,111 |
| Fixed assets | — | 2,489 | 2,536 | 3,395 | 3,378 |
| Total assets | 3,012 | 3,206 | 3,244 | 4,435 | 4,318 |
| Line item | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash from operations | 250 | 220 | 266 | 328 | 600 |
| Cash from investing | -202 | -251 | -218 | -292 | -285 |
| Cash from financing | -43 | 23 | -63 | -36 | -316 |
| Net cash flow | 5 | -8 | -15 | -1 | -2 |
| Capital expenditure | -202 | -259 | -220 | -337 | -315 |
| Free cash flow | 48 | -40 | 47 | -9 | 284 |
KGS revenue by segment
Other Services shrank from 12% to 11% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Compression Infrastructure | — | — | — | — | — | — | — | 81% | — |
| Other Services | 12% | 9% | 12% | 9% | 8% | 9% | 11% | 11% | +47.1% |
| Power Infrastructure | — | — | — | — | — | — | — | 8% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
KGS operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Fleet utilization rate | 98%Our investments to grow our fleet along with strategic divestitures of noncore units drove our fleet utilization to 98%, another industry-leading metrics.Source: earnings call transcript | 98%Our investments to grow the fleet, along with divestitures of noncore units, drove fleet utilization to 98%, another industry-leading metric.Source: earnings call transcript | 98.2%Our investments to grow the fleet, along with the divestiture of some small noncore units drove yet another increase in fleet utilization to 98.2%, another industry-leading metric.Source: earnings call transcript | +0.2 pt |
| Capital expenditures Maintenance | ~$22MMaintenance CapEx for the quarter was approximately $22 million, and it was $76 million for the year, which was at the low end of our annual guidance range.Source: earnings call transcript | ~$18MMaintenance CapEx was approximately $18 million in Q1, in line with our expectations.Source: earnings call transcript | ~$20MMaintenance CapEx was approximately $20 million in Q2, right in line with our expectations.Source: earnings call transcript | — |
| Capital expenditures Growth | ~$25MAs expected, growth CapEx declined sharply this quarter to approximately $25 million.Source: earnings call transcript | $86MGrowth CapEx of $86 million included $24 million for the compression purchase leaseback transaction and $18 million related to new power generation equipment.Source: earnings call transcript | — | — |
| Capital expenditures Other | <$12MOther CapEx was just under $12 million for the quarter, slightly down from the prior quarter.Source: earnings call transcript | $7.5MOther CapEx was $7.5 million, also in line.Source: earnings call transcript | — | — |
| Capital expenditures Compression growth | — | ~$44MAfter backing out the purchase leaseback and power-related figures, compression growth CapEx was around $44 million.Source: earnings call transcript | $67MCompression Infrastructure growth CapEx was in line with expectations at $67 million.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
65 filings between Nov 12, 2025 and Oct 12, 2026.
Open market
decisions to buy or sellPurchases
$624.4K
3 purchases by 3 insiders
Sales
$674.37M
21 sales by 6 insiders
67% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 23
- Award — granted as compensation
- 18
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Frontier TopCo Partnership, L.P. | — | $668.75M | Dec 1, 2025 |
| Roclawski Cory Anne | — | $2.07M | Jul 8, 2026 |
| Buhigas Pedro R. | — | $1.30M | Sep 16, 2026 |
| Hamilton Ewan William | — | $1.06M | Sep 14, 2026 |
| McKee Robert Michael | $21.8K | $874.5K | Oct 5, 2026 |
| HOGAN RANDALL J | $328.9K | — | Mar 13, 2026 |
| Lenamon William Chad | — | $314.0K | Oct 12, 2026 |
| Darden Alexander Newsom | $273.8K | — | Mar 13, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 12, 2026 | Lenamon William Chad Executive Vice President & COO | Sale 10b5-1 plan | 1,000 | $53.3K |
| Oct 5, 2026 | McKee Robert Michael President & CEO | Sale 10b5-1 plan | 2,666 | $143.8K |
| Sep 16, 2026 | Buhigas Pedro R. Chief Information Officer | Sale 10b5-1 plan | 3,663 | $213.0K |
| Sep 14, 2026 | Hamilton Ewan William EVP & Chief Accounting Officer | Sale 10b5-1 plan | 2,729 | $168.8K |
| Sep 11, 2026 | Lenamon William Chad Executive Vice President & COO | Sale 10b5-1 plan | 1,000 | $63.2K |
| Sep 8, 2026 | Green Steven Lee EVP & Chief Commercial Officer | Tax withheld | 1,857 | $119.1K |
| Sep 1, 2026 | McKee Robert Michael President & CEO | Sale 10b5-1 plan | 5,999 | $355.8K |
| Aug 19, 2026 | McKee Robert Michael President & CEO | Sale 10b5-1 plan | 6,008 | $374.8K |
| Aug 11, 2026 | Lenamon William Chad Executive Vice President & COO | Sale 10b5-1 plan | 1,000 | $61.9K |
| Jul 13, 2026 | Lenamon William Chad Executive Vice President & COO | Sale 10b5-1 plan | 1,000 | $67.8K |
| Jul 8, 2026 | Roclawski Cory Anne EVP & CHRO | Sale 10b5-1 plan | 4,169 | $285.0K |
| Jul 6, 2026 | Hamilton Ewan William EVP & Chief Accounting Officer | Tax withheld | 2,214 | $146.6K |
| Jul 6, 2026 | Buhigas Pedro R. Chief Information Officer | Tax withheld | 2,378 | $157.5K |
| Jul 6, 2026 | Lenamon William Chad Executive Vice President & COO | Tax withheld | 2,624 | $173.8K |
| Jul 6, 2026 | Roclawski Cory Anne EVP & CHRO | Tax withheld | 2,706 | $179.2K |
| Jul 6, 2026 | Griggs John Executive VP & CFO | Tax withheld | 3,771 | $249.8K |
| Jul 3, 2026 | McKee Robert Michael President & CEO | Tax withheld | 9,838 | $651.6K |
| Jun 17, 2026 | Buhigas Pedro R. Chief Information Officer | Sale 10b5-1 plan | 4,625 | $313.5K |
| Jun 16, 2026 | Hamilton Ewan William EVP & Chief Accounting Officer | Sale 10b5-1 plan | 2,729 | $187.3K |
| Jun 11, 2026 | Lenamon William Chad Executive Vice President & COO | Sale 10b5-1 plan | 1,000 | $67.8K |
| May 7, 2026 | Holloway Gretchen Lynn Director | Award | 2,135 | $150.0K |
| May 7, 2026 | Drumgoole Christopher Director | Award | 2,135 | $150.0K |
| May 7, 2026 | Bullock William L. Jr. Director | Award | 2,135 | $150.0K |
| May 7, 2026 | Montana Margaret C Director | Award | 2,135 | $150.0K |
| May 7, 2026 | Duplantier Jon-Al Director | Award | 2,135 | $150.0K |
| May 7, 2026 | HOGAN RANDALL J Director | Award | 2,135 | $150.0K |
| May 7, 2026 | Darden Alexander Newsom Director | Award | 2,135 | $150.0K |
| May 7, 2026 | Bonno Terry Director | Award | 2,135 | $150.0K |
| Mar 19, 2026 | Buhigas Pedro R. Chief Information Officer | Sale 10b5-1 plan | 13,942 | $777.0K |
| Mar 17, 2026 | Hamilton Ewan William EVP & Chief Accounting Officer | Sale | 5,797 | $325.7K |
| Mar 16, 2026 | Hamilton Ewan William EVP & Chief Accounting Officer | Sale | 2,091 | $115.5K |
| Mar 16, 2026 | Roclawski Cory Anne EVP & CHRO | Sale | 10,852 | $590.5K |
| Mar 13, 2026 | Hamilton Ewan William EVP & Chief Accounting Officer | Sale | 4,830 | $264.4K |
| Mar 13, 2026 | Darden Alexander Newsom Director | Purchase | 5,000 | $273.8K |
| Mar 13, 2026 | HOGAN RANDALL J Director | Purchase | 6,000 | $328.9K |
| Mar 12, 2026 | Roclawski Cory Anne EVP & CHRO | Sale | 21,161 | $1.20M |
| Mar 8, 2026 | Griggs John Executive VP & CFO | Tax withheld | 26,169 | $1.46M |
| Mar 8, 2026 | Griggs John Executive VP & CFO | Award | 54,000 | $3.02M |
| Mar 8, 2026 | Griggs John Executive VP & CFO | Award | 10,736 | $600.0K |
| Mar 8, 2026 | Lenamon William Chad Executive Vice President & COO | Award | 48,000 | $2.68M |
| Mar 8, 2026 | Lenamon William Chad Executive Vice President & COO | Award | 10,736 | $600.0K |
| Mar 8, 2026 | McKee Robert Michael President & CEO | Tax withheld | 86,110 | $4.81M |
| Mar 8, 2026 | McKee Robert Michael President & CEO | Award | 180,000 | $10.06M |
| Mar 8, 2026 | McKee Robert Michael President & CEO | Award | 32,207 | $1.80M |
| Mar 8, 2026 | Hamilton Ewan William EVP & Chief Accounting Officer | Tax withheld | 9,443 | $527.8K |
| Mar 8, 2026 | Lenamon William Chad Executive Vice President & COO | Tax withheld | 22,475 | $1.26M |
| Mar 8, 2026 | Hamilton Ewan William EVP & Chief Accounting Officer | Award | 18,000 | $1.01M |
| Mar 8, 2026 | Hamilton Ewan William EVP & Chief Accounting Officer | Award | 4,652 | $260.0K |
| Mar 8, 2026 | Buhigas Pedro R. Chief Information Officer | Tax withheld | 11,266 | $629.7K |
| Mar 8, 2026 | Buhigas Pedro R. Chief Information Officer | Award | 21,000 | $1.17M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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