Kodiak Gas Services Raises 2026 Guidance After Record Q2, Secures 1 GW Turbine Deal
KGS sits 85% above its 52-week low of $30.68.
Summary
Kodiak Gas Services reported record Q2 results with total revenue of $391.1M, EPS of 53c, Compression Infrastructure revenue of $315.1M, and adjusted EBITDA of $216.8M, up 21.7% year-over-year. The company raised full-year 2026 Adjusted EBITDA guidance to $830M-$860M and discretionary cash flow to $570M-$600M, reflecting strong demand for large horsepower compression and tight equipment supply. A new multi-year order for 1 GW of gas turbines by 2030 highlights the growing Power Infrastructure segment, which achieved 89.6% utilization in its first full quarter post-DPS acquisition. This follows the $862.5M equity raise in May that strengthened the balance sheet for expansion. With compression utilization at 98.2% and a robust power project pipeline, the outlook is highly constructive.
At the time of this announcement, KGS was trading at $56.86 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $5.7B. The 52-week trading range was $30.68 to $77.68. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.