KGS on NYSE
Kodiak Gas Services, Inc.
In its 2026 annual report the company says: “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.”5 It is headquartered in Montgomery, United States.2 Its shares trade on NYSE under the symbol KGS.2
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Last updated Oct 21, 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
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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.5 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 margin6
6.2%Net margin6
12.8%Revenue growth, 20256
6.7%Return on equity6
2.12×Debt to equity6
$284.3MFree cash flow6
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.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| 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.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| 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.6
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.6
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| 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 shares | 83.1M shares | 68.1M shares |
| Diluted weighted average shares of common stock outstanding (in shares) | 88.5M shares | 85.2M shares | 68.3M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2024-03-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $3.2M | $4.8M | |||
| Accounts receivable, net of allowance of $13,031 and $12,629, respectively | $197.6M | $253.6M | |||
| Inventories, net | $101.5M | $103.3M | |||
| Fair value of derivative instruments | $0 | $3.7M | |||
| Contract assets | $5.2M | $7.6M | |||
| Prepaid expenses and other current assets | $15.6M | $10.7M | |||
| Total current assets | $323.1M | $383.7M | |||
| Property, plant and equipment, net | $3.4B | $3.4B | |||
| Operating lease right-of-use assets, net | $42.2M | $53.8M | |||
| Finance lease right-of-use assets, net | $6.5M | $5.7M | |||
| Goodwill | $408.7M | $415.2M | $305.6M | ||
| Identifiable intangible assets, net | $154.5M | $162.7M | |||
| Fair value of derivative instruments | $4.7M | $17.5M | |||
| Other assets | $789.0K | $1.5M | |||
| Total assets | $4.3B | $4.4B | $3.2B | ||
| Accounts payable | $73.0M | $57.6M | |||
| Accrued liabilities | $218.5M | $188.7M | |||
| Contract liabilities | $94.5M | $73.1M | |||
| Total current liabilities | $385.9M | $319.4M | |||
| Long-term debt, net of unamortized debt issuance cost | $2.6B | $2.6B | |||
| Operating lease liabilities | $39.4M | $49.7M | |||
| Finance lease liabilities | $4.4M | $3.5M | |||
| Deferred tax liabilities | $122.9M | $103.8M | |||
| Other liabilities | $2.8M | $3.1M | |||
| Total liabilities | $3.1B | $3.1B | |||
| Preferred stock, (50.0 million authorized, $0.01 par value) 0.3 million and 0.8 million shares issued and outstanding as of December 31, 2025 and 2024, respectively | $4.0K | $9.0K | |||
| Common stock, (750.0 million shares authorized, $0.01 par value) 90.2 million and 89.2 million issued and 85.8 million and 87.8 million outstanding as of December 31, 2025 and 2024, respectively | $903.0K | $892.0K | |||
| Additional paid-in capital | $1.3B | $1.3B | |||
| Treasury stock, at cost (4.5 million and 1.4 million shares held as of December 31, 2025 and 2024, respectively) | -$144.0M | -$40.0M | |||
| Noncontrolling interest | $4.9M | $13.7M | |||
| Accumulated other comprehensive loss | -$1.6M | $0 | |||
| Retained earnings | $12.8M | $93.6M | |||
| Total stockholders equity | $1.2B | $1.4B | $1.1B | $229.1M | |
| Total liabilities and stockholders equity | $4.3B | $4.4B | |||
| Accounts receivable, net of allowance | $13.0M | $12.6M | |||
| Preferred stock, authorized (in shares) | 50.0M shares | 50.0M shares | |||
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | $0.01 | ||
| Preferred stock, issued (in shares) | 300.0K shares | 800.0K shares | |||
| Preferred stock, outstanding (in shares) | 300.0K shares | 800.0K shares | |||
| Common stock, authorized (in shares) | 750.0M shares | 750.0M shares | |||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | |||
| Common stock, issued (in shares) | 90.2M shares | 89.2M shares | |||
| Common stock, outstanding (in shares) | 85.8M shares | 87.8M shares | |||
| Treasury stock (in shares) | 4.5M shares | 1.4M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2024-03-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $3.2M | $4.8M | |||
| Accounts receivable, net of allowance of $13,031 and $12,629, respectively | $197.6M | $253.6M | |||
| Inventories, net | $101.5M | $103.3M | |||
| Fair value of derivative instruments | $0 | $3.7M | |||
| Contract assets | $5.2M | $7.6M | |||
| Prepaid expenses and other current assets | $15.6M | $10.7M | |||
| Total current assets | $323.1M | $383.7M | |||
| Property, plant and equipment, net | $3.4B | $3.4B | |||
| Operating lease right-of-use assets, net | $42.2M | $53.8M | |||
| Finance lease right-of-use assets, net | $6.5M | $5.7M | |||
| Goodwill | $408.7M | $415.2M | $305.6M | ||
| Identifiable intangible assets, net | $154.5M | $162.7M | |||
| Fair value of derivative instruments | $4.7M | $17.5M | |||
| Other assets | $789.0K | $1.5M | |||
| Total assets | $4.3B | $4.4B | $3.2B | ||
| Accounts payable | $73.0M | $57.6M | |||
| Accrued liabilities | $218.5M | $188.7M | |||
| Contract liabilities | $94.5M | $73.1M | |||
| Total current liabilities | $385.9M | $319.4M | |||
| Long-term debt, net of unamortized debt issuance cost | $2.6B | $2.6B | |||
| Operating lease liabilities | $39.4M | $49.7M | |||
| Finance lease liabilities | $4.4M | $3.5M | |||
| Deferred tax liabilities | $122.9M | $103.8M | |||
| Other liabilities | $2.8M | $3.1M | |||
| Total liabilities | $3.1B | $3.1B | |||
| Preferred stock, (50.0 million authorized, $0.01 par value) 0.3 million and 0.8 million shares issued and outstanding as of December 31, 2025 and 2024, respectively | $4.0K | $9.0K | |||
| Common stock, (750.0 million shares authorized, $0.01 par value) 90.2 million and 89.2 million issued and 85.8 million and 87.8 million outstanding as of December 31, 2025 and 2024, respectively | $903.0K | $892.0K | |||
| Additional paid-in capital | $1.3B | $1.3B | |||
| Treasury stock, at cost (4.5 million and 1.4 million shares held as of December 31, 2025 and 2024, respectively) | -$144.0M | -$40.0M | |||
| Noncontrolling interest | $4.9M | $13.7M | |||
| Accumulated other comprehensive loss | -$1.6M | $0 | |||
| Retained earnings | $12.8M | $93.6M | |||
| Total stockholders equity | $1.2B | $1.4B | $1.1B | $229.1M | |
| Total liabilities and stockholders equity | $4.3B | $4.4B | |||
| Accounts receivable, net of allowance | $13.0M | $12.6M | |||
| Preferred stock, authorized (in shares) | 50.0M shares | 50.0M shares | |||
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | $0.01 | ||
| Preferred stock, issued (in shares) | 300.0K shares | 800.0K shares | |||
| Preferred stock, outstanding (in shares) | 300.0K shares | 800.0K shares | |||
| Common stock, authorized (in shares) | 750.0M shares | 750.0M shares | |||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | |||
| Common stock, issued (in shares) | 90.2M shares | 89.2M shares | |||
| Common stock, outstanding (in shares) | 85.8M shares | 87.8M shares | |||
| Treasury stock (in shares) | 4.5M shares | 1.4M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $81.6M | $50.3M | $20.1M |
| Depreciation and amortization | $276.2M | $260.3M | $182.9M |
| Long-lived asset impairment | $6.3M | $9.9M | $0 |
| Equity compensation expense | $24.5M | $17.7M | $5.9M |
| Amortization of debt issuance costs | $12.7M | $12.0M | $13.6M |
| Non-cash lease expense | $8.4M | $4.7M | $4.5M |
| Provision for credit losses | $1.0M | $4.7M | $7.1M |
| Inventory reserve | $124.0K | $559.0K | $500.0K |
| Loss (gain) on sale of assets | $61.6M | $29.6M | -$777.0K |
| Loss on discontinuation of hedge | $9.4M | $0 | $0 |
| Amortization of interest rate swap | $5.2M | $0 | $0 |
| Change in fair value of derivatives | $0 | $1.2M | $42.9M |
| Deferred tax provision | $25.7M | $15.4M | $7.9M |
| Loss on extinguishment of debt | $0 | $0 | $4.4M |
| Accounts receivable | $43.8M | -$102.9M | -$22.7M |
| Inventories | $1.1M | -$1.3M | -$4.6M |
| Contract assets | $2.4M | $9.8M | -$13.9M |
| Prepaid expenses and other current assets | -$8.5M | $4.4M | -$833.0K |
| Accounts payable | $5.2M | $5.0M | $10.2M |
| Accrued and other liabilities | $17.2M | -$2.1M | $2.8M |
| Contract liabilities | $22.6M | $9.4M | $6.6M |
| Other assets | $3.5M | -$691.0K | $0 |
| Net cash provided by operating activities | $599.7M | $328.0M | $266.3M |
| Net cash acquired in acquisition of CSI Compressco LP | $0 | $9.5M | $0 |
| Purchase of property, plant and equipment | -$315.5M | -$337.0M | -$219.8M |
| Proceeds from sale of assets | $30.2M | $35.0M | $1.4M |
| Other | $0 | $0 | -$75.0K |
| Net cash used for investing activities | -$285.3M | -$292.5M | -$218.4M |
| Borrowings on debt instruments | $2.9B | $2.6B | $1.0B |
| Payments on debt instruments | -$2.9B | -$2.5B | -$1.2B |
| Principal payments on other borrowings | -$5.3M | -$5.6M | $0 |
| Payment of debt issuance cost | -$33.2M | -$16.3M | -$32.8M |
| Principal payments on finance leases | -$2.5M | -$2.4M | $0 |
| Proceeds from initial public offering, net of underwriter discounts | $0 | $0 | $277.8M |
| Offering costs | $0 | -$1.2M | -$10.0M |
| Loss on extinguishment of debt | $0 | $0 | -$1.8M |
| Dividends paid to stockholders | -$159.6M | -$133.9M | -$29.8M |
| Repurchase of common shares | -$104.0M | -$40.0M | $0 |
| Cash paid for shares withheld to cover taxes | -$6.4M | -$2.8M | $0 |
| Net effect on deferred taxes and taxes payable related to the vesting of restricted stock | $2.3M | $4.5M | $0 |
| Distribution to parent | $0 | $0 | -$42.3M |
| Distributions to noncontrolling interest | -$1.3M | -$5.5M | $0 |
| Net cash used for financing activities | -$316.0M | -$36.3M | -$62.8M |
| Net decrease in cash and cash equivalents | -$1.6M | -$812.0K | -$14.9M |
| Cash paid for interest | $168.7M | $147.1M | $216.6M |
| Cash paid for taxes | $5.9M | $14.7M | $9.8M |
| Increase in accrued capital expenditures | -$19.6M | -$8.1M | -$1.7M |
| Purchase of property, plant and equipment through exchange of lease ROU asset | $0 | $0 | $3.2M |
| Fair value changes in interest rate swap | $9.7M | $0 | $0 |
| Issuance of common shares | $11.0K | $188.2M | $0 |
| Issuance of preferred shares and noncontrolling interest | $0 | $154.1M | $0 |
| Non-cash debt novation | $0 | $0 | -$689.8M |
No quarter-by-quarter statement was filed.
Corporate structure
Kodiak Gas Services, Inc. sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Kodiak Gas Services, Inc.
- Invesco Filed SCHEDULE 13G/A on Kodiak Gas Services, Inc., latest Aug 13, 2026 (5 filings since Aug 7, 2025)
- FMR LLC Filed SCHEDULE 13G/A on Kodiak Gas Services, Inc., latest Aug 6, 2026 (6 filings since Nov 12, 2024)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Kodiak Gas Services, Inc., latest Apr 30, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Kodiak Gas Services, Inc., latest Mar 27, 2026 (3 filings since Oct 31, 2025)
- BlackRock Filed SCHEDULE 13G/A on Kodiak Gas Services, Inc., latest Jan 21, 2026 (2 filings since Oct 2, 2025)
- Frontier TopCo Partnership, L.P. Filed SCHEDULE 13G/A on Kodiak Gas Services, Inc., latest Dec 3, 2025 (10 filings since Feb 12, 2024)
- Spartan Energy Holdco LLC Filed SC 13D on Kodiak Gas Services, Inc., latest Apr 8, 2024
- Kodiak Gas Services, Inc. Montgomery, Texas, United States
- CSI Compressco Sub Inc. Subsidiary · Delaware, United States
- Spartan Energy Services LLC Subsidiary · Delaware, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Kodiak Gas Services, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $4.5B6 Dec 31, 2025 | $4.3B6 Dec 31, 2024 | +5.0% |
| Accumulated depreciation | $1.2B6 Dec 31, 2025 | $930.6M6 Dec 31, 2024 | +25.2% |
| Property and equipment, net | $3.4B6 Dec 31, 2025 | $3.4B6 Dec 31, 2024 | −0.5% |
| Finance-lease assets | $6.5M6 Dec 31, 2025 | $5.7M6 Dec 31, 2024 | +14.1% |
| Operating-lease assets (leased space) | $42.2M6 Dec 31, 2025 | $53.8M6 Dec 31, 2024 | −21.5% |
Investments
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $408.7M6 Dec 31, 2025 | $415.2M6 Dec 31, 2024 | −1.6% |
| Finite-lived intangibles, gross | $221.4M6 Dec 31, 2025 | $215.3M6 Dec 31, 2024 | +2.8% |
| Accumulated amortization | $66.9M6 Dec 31, 2025 | $52.6M6 Dec 31, 2024 | +27.2% |
| Finite-lived intangibles, net | $154.5M6 Dec 31, 2025 | $162.7M6 Dec 31, 2024 | −5.1% |
Inventory
Properties, in its own words
As of December 31, 2025, we own three service facilities in North Dakota and Texas. We lease additional service facilities in Alabama, Colorado, Kansas, Louisiana, Mississippi, North Dakota, New Mexico, Ohio, Oklahoma, Texas, Utah, and Wyoming. We lease our corporate headquarters located at 9950 Woodloch Forest Drive, The Woodlands, Texas 77380. We do not currently own or lease any material facilities or properties for storage or maintenance of our compression units.
Item 2 of the 10-K filed Feb 26, 2026.5
Leadership
Who has led Kodiak Gas Services, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief operating officer
2025
- Chief executive officerRobert Michael McKee Aug 25, 2023 to now11
- PresidentRobert Michael McKee Aug 25, 2023 to now11
- Chief operating officerWilliam Chad Lenamon Dec 12, 2023 to now12
Board members and other officers (19)
- Chief Information OfficerPedro R. Buhigas Jan 5, 2026 to now13
- EVP, Gen. Counsel & Corp SecJennifer Legrand Howard Dec 10, 2025 to now14
- OfficerCory Anne Roclawski Jun 28, 2023 to now15
- OfficerEwan William Hamilton Jun 28, 2023 to now16
- OfficerKelly Michelle Battle Jun 28, 2023 to Jul 5, 202317
- OfficerRobert Michael McKee Jun 28, 2023 to Jul 5, 202318
- OfficerWilliam Chad Lenamon Jun 28, 2023 to Jul 5, 202319
- Board memberWilliam L. Bullock Jr. Sep 2, 2025 to now20
- Board memberAlexander Newsom Darden Jun 28, 2023 to now21
- Board memberChristopher Drumgoole Jun 28, 2023 to now22
- Board memberGretchen Lynn Holloway Jun 28, 2023 to now23
- Board memberJon-Al Duplantier Jun 28, 2023 to now24
- Board memberMargaret C. Montana Jun 28, 2023 to now25
- Board memberRandall J. Hogan Jun 28, 2023 to now26
- Board memberRobert Michael McKee Jun 28, 2023 to now18
- Board memberTeresa Maria Mattamouros Jun 28, 2023 to Aug 11, 202327
- Board memberTerry Bonno Jun 28, 2023 to now28
- Board memberNirav Kush Shah Aug 11, 2023 to Aug 11, 202329
- General counselKelly Michelle Battle Dec 12, 2023 to now30
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- CSI Compressco Sub Inc. Delaware4
- Kodiak Gas Services, LLC Delaware4
- Spartan Energy Services LLC Delaware4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- Frontier TopCo, Inc.Feb 7, 2019 to Feb 7, 20193
Timeline
- Sep 28, 20268-K Bylaws or fiscal year changed31
- Sep 28, 20268-K Financial statements and exhibits32
- Aug 6, 20268-K Regulation FD disclosure33
- Aug 6, 20268-K Results of operations34
- May 15, 20268-K Other events35
- May 13, 20268-K Financial statements and exhibits36
- May 11, 20268-K Results of operations37
- May 8, 20268-K Regulation FD disclosure38
- May 7, 20268-K Bylaws or fiscal year changed; Shareholder vote39
- Apr 2, 20268-K Entered a material agreement; Completed an acquisition or sale; Unregistered sale of shares40
- Mar 24, 20268-K Entered a material agreement; New debt or obligation41
- Mar 12, 20268-K Other events42
- Aug 25, 2023New chief executive Robert Michael McKee becomes CEO11
- May 25, 2011Founded Kodiak Gas Services, Inc. is founded2
Calendar
Coming up
- Nov 3, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.36 a share, on Nov 4, 2025.43
When it reported results
- Aug 6, 2026Reported quarterly or annual results34
- May 11, 2026Reported quarterly or annual results37
- Mar 11, 2026Reported quarterly or annual results44
- Feb 25, 2026Reported quarterly or annual results45
- Nov 4, 2025Reported quarterly or annual results46
- Aug 6, 2025Reported quarterly or annual results47
- May 8, 2025Reported quarterly or annual results48
- Mar 6, 2025Reported quarterly or annual results49
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
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:
- Oct 13, 2026144 EDGAR
- Oct 13, 20264 EDGAR
- Oct 6, 20264 EDGAR
- Oct 5, 2026144 EDGAR
- Sep 28, 2026S-3ASR EDGAR
- Sep 28, 20268-K/A EDGAR
- Sep 28, 20268-K EDGAR
- Sep 17, 20264 EDGAR
- Sep 16, 2026144 EDGAR
- Sep 15, 20264 EDGAR
- Sep 14, 2026144 EDGAR
- Sep 11, 2026144 EDGAR
- Sep 11, 20264 EDGAR
- Sep 9, 20264 EDGAR
- Sep 2, 20264 EDGAR
- Sep 1, 2026144 EDGAR
- Aug 20, 20264 EDGAR
- Aug 19, 2026144 EDGAR
- Aug 13, 2026SCHEDULE 13G/A EDGAR
- 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.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 16, 2026 | Buhigas Pedro R.Chief Information Officer | Sale | 3,663 | $58.14 | $213.0K | Form 4 |
| Sep 14, 2026 | Hamilton Ewan WilliamEVP & Chief Accounting Officer | Sale | 2,729 | $61.85 | $168.8K | Form 4 |
| Sep 11, 2026 | Lenamon William ChadExecutive Vice President & COO | Sale | 1,000 | $63.21 | $63.2K | Form 4 |
| Sep 1, 2026 | McKee Robert MichaelPresident & CEO | Sale | 5,999 | $59.31 | $355.8K | Form 4 |
| Aug 19, 2026 | McKee Robert MichaelPresident & CEO | Sale | 6,008 | $62.39 | $374.8K | Form 4 |
| Aug 11, 2026 | Lenamon William ChadExecutive Vice President & COO | Sale | 1,000 | $61.93 | $61.9K | Form 4 |
| Jul 13, 2026 | Lenamon William ChadExecutive Vice President & COO | Sale | 1,000 | $67.79 | $67.8K | Form 4 |
| Jul 8, 2026 | Roclawski Cory AnneEVP & CHRO | Sale | 4,169 | $68.36 | $285.0K | Form 4 |
| Jun 17, 2026 | Buhigas Pedro R.Chief Information Officer | Sale | 4,625 | $67.78 | $313.5K | Form 4 |
| Jun 16, 2026 | Hamilton Ewan WilliamEVP & Chief Accounting Officer | Sale | 2,729 | $68.62 | $187.3K | Form 4 |
| Jun 11, 2026 | Lenamon William ChadExecutive Vice President & COO | Sale | 1,000 | $67.79 | $67.8K | Form 4 |
| Mar 19, 2026 | Buhigas Pedro R.Chief Information Officer | Sale | 13,942 | $55.73 | $777.0K | Form 4 |
| Mar 17, 2026 | Hamilton Ewan WilliamEVP & Chief Accounting Officer | Sale | 5,797 | $56.18 | $325.7K | Form 4 |
| Mar 16, 2026 | Roclawski Cory AnneEVP & CHRO | Sale | 10,852 | $54.41 | $590.5K | Form 4 |
| Mar 16, 2026 | Hamilton Ewan WilliamEVP & Chief Accounting Officer | Sale | 2,091 | $55.25 | $115.5K | Form 4 |
| Mar 13, 2026 | Hamilton Ewan WilliamEVP & Chief Accounting Officer | Sale | 4,830 | $54.75 | $264.4K | Form 4 |
| Mar 13, 2026 | Darden Alexander NewsomDirector | Buy | 5,000 | $54.75 | $273.8K | Form 4 |
| Mar 13, 2026 | HOGAN RANDALL JDirector | Buy | 6,000 | $54.81 | $328.9K | Form 4 |
| Mar 12, 2026 | Roclawski Cory AnneEVP & CHRO | Sale | 21,161 | $56.52 | $1.2M | Form 4 |
| Feb 20, 2026 | McKee Robert MichaelPresident & CEO | Buy | 433 | $50.23 | $21.8K | Form 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.
- InvescoSCHEDULE 13G/A, 5 filings Aug 7, 2025 to Aug 13, 202650
- FMR LLCSCHEDULE 13G/A, 6 filings Nov 12, 2024 to Aug 6, 202651
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 30, 202652
- VANGUARD GROUP INCSCHEDULE 13G/A, 3 filings Oct 31, 2025 to Mar 27, 202653
- BlackRockSCHEDULE 13G/A, 2 filings Oct 2, 2025 to Jan 21, 202654
- Frontier TopCo Partnership, L.P.SCHEDULE 13G/A, 10 filings Feb 12, 2024 to Dec 3, 202555
- Spartan Energy Holdco LLCSC 13D, 1 filing Apr 8, 202456
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Robert McKee | 48 | $750.0K | $6.6M57 |
| 2025 | Chad Lenamon | 50 | $480.0K | $2.7M57 |
| 2025 | John Griggs | 54 | $445.0K | $2.6M57 |
| 2025 | Pedro R. Buhigas | 45 | $435.0K | $2.3M57 |
| 2025 | Kelly Battle | $337.5K | $2.2M57 | |
| 2025 | Cory Roclawski | 46 | $435.0K | $2.1M57 |
| 2024 | President and Chief Executive Officer | $731.7K | $6.1M57 | |
| 2024 | Executive VicePresident and | $434.1K | $2.3M57 | |
| 2023 | President and Chief Executive Officer | $697.7K | $4.9M57 | |
| 2023 | Chief Financial Officer | $425.0K | $2.2M57 | |
| 2023 | Chief Operations Officer | $396.9K | $1.9M57 |
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.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 15,202,166 | $1.1B | 0.0% | +2,893,153 |
| Invesco Ltd. | 8,058,162 | $605.4M | 0.0% | −126,819 |
| Vanguard Capital Management LLC | 4,382,477 | $329.3M | 0.0% | +660,023 |
| Vanguard Portfolio Management LLC | 4,128,008 | $310.1M | 0.0% | +2,195,272 |
| State Street Corp | 4,126,523 | $310.0M | 0.0% | +693,686 |
| Fmr LLC | 4,072,866 | $306.0M | 0.0% | −490,835 |
| American Century Companies Inc | 2,949,348 | $221.6M | 0.1% | +502,308 |
| Zimmer Partners, LP | 2,530,838 | $190.1M | 4.5% | +148,922 |
| Dimensional Fund Advisors LP | 2,524,261 | $189.6M | 0.0% | −581,294 |
| Geode Capital Management, LLC | 2,491,617 | $187.2M | 0.0% | +498,892 |
| Wellington Management Group Llp | 2,432,174 | $182.7M | 0.0% | +1,117,743 |
| Two Sigma Investments, LP | 2,103,821 | $158.1M | 0.1% | +306,833 |
| Goldman Sachs Group Inc | 1,745,546 | $131.1M | 0.0% | −368,747 |
| Bank Of America Corp /de/ | 1,462,131 | $109.8M | 0.0% | −75,687 |
| 140 Summer Partners LP | 1,302,130 | $97.8M | 7.9% | +6,208 |
| Morgan Stanley | 1,261,964 | $94.8M | 0.0% | +331,849 |
| Citadel Advisors LLC | 1,177,330 | $88.5M | 0.1% | −727,477 |
| Kayne Anderson Capital Advisors LP | 1,128,985 | $84.8M | 1.7% | +506,016 |
| Charles Schwab Investment Management Inc | 1,096,762 | $82.4M | 0.0% | +153,343 |
| Bnp Paribas Financial Markets | 1,084,271 | $81.5M | 0.0% | +239,519 |
| Northern Trust Corp | 1,038,831 | $78.0M | 0.0% | +254,920 |
| Bank of New York Mellon Corp | 979,946 | $73.6M | 0.0% | +176,529 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 952,765 | $71.6M | 0.1% | +1,449 |
| Eagle Global Advisors LLC | 882,370 | $66.3M | 2.2% | −48,420 |
| Ameriprise Financial Inc | 874,965 | $65.7M | 0.0% | −2,492 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Kodiak Gas Services, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARKodiak Gas Services, Inc.1
- CIK0001767042
- Employer ID (EIN)83-30134405
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inDelaware5
- Fiscal year endsDecember 311
- Industry code (SIC)4922 Natural Gas Transmission1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address9950 Woodloch Forest Drive, 19Th Floor, The Woodlands, TX 773801
- Phone936-539-33001
- Shares outstanding101,104,031 as of Aug 3, 202610
- Public float$1.9B as of Jun 30, 20255
- AuditorBDO USA, P.C., Houston, Texas PCAOB ID 243; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceFeb 7, 20191
- Filings381 in all: 4 (133), 8-K (60), 144 (25), 3 (20), SCHEDULE 13G/A (18), 424B7 (13), 10-Q (10), CORRESP (9)1
All 45 form types
4/A (8), UPLOAD (8), FWP (6), 8-K/A (5), S-1/A (5), 425 (4), SCHEDULE 13G (4), 10-K (3), ARS (3), DEF 14A (3), DRS/A (3), DRSLTR (3), IRANNOTICE (3), S-3ASR (3), SC 13G/A (3), 424B5 (2), 8-A12B (2), CERT (2), EFFECT (2), S-8 (2), SC 13G (2), SEC STAFF LETTER (2), 10-K/A (1), 10-Q/A (1), 3/A (1), 424B3 (1), 424B4 (1), D (1), DEFA14A (1), DRS (1), PRE 14A (1), RW (1), S-1 (1), S-3 (1), S-4 (1), S-4/A (1), SC 13D (1)
- Latest filingsAnnual report (10-K) Feb 26, 2026
Quarterly report (10-Q) Aug 7, 2026
Proxy statement (DEF 14A) Mar 27, 2026
Latest 8-K (8-K) Sep 28, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.01 per share | KGS | New York Stock Exchange |
From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks Kodiak Gas Services, Inc. names in Item 1A of its 10-K filed Feb 26, 2026: 43 risks under these headings, as written.5
- Risks Related to Our Business and Our Industry
- A long-term reduction in the demand for, or production of, natural gas or oil could adversely affect the demand for Kodiak’s business and services or the prices Kodiak charges for Kodiak’s business and services, which could result in a decrease in Kodiak’s revenues.
- The loss of one or more of Kodiak’s key customers and/or the deterioration of the financial condition of any of its customers would result in a decrease in Kodiak’s revenues and could adversely affect its financial results and may have a material adverse effect on Kodiak’s financial condition.
- Kodiak may have difficulty in completing the acquisition of Distributed Power Solutions, LLC, in successfully integrating it and/or in achieving the expected growth, cost savings and/or synergies from such acquisition.
- Kodiak faces significant competition that may cause it to lose market share and have a material adverse effect on its financial condition.
- Kodiak’s customers may choose to vertically integrate their operations by purchasing and operating their own compression fleet, increasing the number of compression units they currently own, or using alternative technologies for enhancing oil production, which may have a material adverse effect on Kodiak’s business.
- After the primary term of Kodiak’s contracts, such contracts are cancellable on 30 to 90 days’ notice, and Kodiak cannot be sure that such contracts will be extended or renewed after the end of the initial contractual term. Any such non-renewals, or renewals at reduced rates or the loss of contracts with any significant customer, could adversely impact Kodiak’s financial results.
- The majority of Kodiak’s operations are located in the Permian Basin and Eagle Ford Shale, making Kodiak vulnerable to risks associated with operating in limited geographic areas, which could have an impact on its revenues.
- Kodiak may be unable to access the capital and credit markets or borrow on affordable terms to obtain additional capital that Kodiak may require, which could have a material adverse effect on its business, results of operations and financial conditions.
- Kodiak’s fleet may require additional operating or capital expenses to maintain over time, which could adversely impact its financial results.
- Impairment in the carrying value of long-lived assets, including impairment of goodwill and other intangible assets, could reduce Kodiak’s earnings.
- Kodiak has in the past been, and may in the future be, subject to sales tax audits in jurisdictions where Kodiak operates. As a result, Kodiak may incur material unanticipated sales tax liabilities.
The other 32 risks
- Kodiak might be unable to employ or retain qualified technical personnel, which could hamper its present operations, limit its ability to grow or increase its costs.
- Any unionization efforts or labor regulation changes in certain jurisdictions in which Kodiak operates could divert management’s attention and could have a materially adverse effect on Kodiak’s operating results or limit Kodiak’s operational flexibility.
- Kodiak depends on a limited number of suppliers, and, particularly as a result of supply chain and logistics disruptions resulting from geopolitical disruptions and the resulting inflationary environment, Kodiak is vulnerable to product shortages, long lead times and price increases, which could have a negative impact on Kodiak’s results of operations.
- Kodiak’s operations entail inherent risks that may result in interruption of Kodiak’s operations and/or substantial liability. Kodiak does not insure against all potential losses and could be seriously harmed by unexpected liabilities.
- If Kodiak does not satisfy its mechanical availability guarantee, a customer has the ability to terminate its contracts.
- Acts or threats of terrorism, acts of war, social unrest, cyber or physical security attacks, and other malicious acts of individuals or groups seeking to disrupt Kodiak’s operations could adversely impact Kodiak’s business, financial condition, and results of operations.
- Risks Related to Regulatory Matters
- Kodiak’s operations are subject to stringent environmental, health and safety regulations and changing expectations of other stakeholders with respect to sustainability practices, and changes in these regulations and/or expectations could increase Kodiak’s costs or liabilities.
- New regulations, proposed regulations and proposed modifications to existing regulations under the CAA, if implemented, could result in increased compliance costs and changes in customers’ demand and desired suppliers.
- A climate-related decrease in demand for natural gas and oil could negatively affect Kodiak’s business.
- Kodiak’s business is subject to climate-related transitional risks, including evolving climate change legislation, regulatory initiatives and stakeholder pressures, which could result in increased operating expenses and capital costs, financial risks and potential reduction in demand for Kodiak’s services.
- Kodiak’s financial results could be significantly impacted by uncertainty in U.S. trade policy, including uncertainty surrounding changes in tariffs, trade agreements or other trade restrictions imposed by the U.S. or other governments.
- Regulatory initiatives relating to the protection of endangered or threatened species in the United States could have an adverse impact on Kodiak’s and its customers’ ability to expand operations.
- Kodiak may be involved in legal proceedings that could result in substantial liabilities.
- Risks Related to Intellectual Property, Information Technology and Cybersecurity
- Kodiak may be sued by third parties for infringement, misappropriation, dilution or other violation of their intellectual property or proprietary rights, any of which could adversely affect Kodiak’s business and results of operations.
- Kodiak’s reliance on third-party components for use in its IT systems could result in delays in service or disrupt its business.
- Kodiak is subject to significant legal and reputational risks and expenses relating to the privacy, use and security of employee and customer information, which could negatively affect Kodiak's business, financial condition and results of operations.
- Kodiak has experienced cybersecurity incidents or IT system disruptions in the past, and cybersecurity breaches or IT system disruptions may adversely affect Kodiak’s business in the future.
- Kodiak’s ability to manage its business and monitor its results is highly dependent upon information and communication systems, and a failure of these systems or its enterprise resource planning (“ERP”) system could disrupt its business and any intended benefits related to technology transformation projects may be negligible or nonexistent.
- Kodiak is subject to risks associated with disruptive technologies, including artificial intelligence.
- Risks Related to Kodiak’s Indebtedness
- Kodiak’s substantial indebtedness could adversely affect its financial condition and impair Kodiak’s ability to operate its business.
- Kodiak may not be able to generate sufficient cash to service all of its indebtedness and may be forced to take other actions to satisfy its obligations under its indebtedness, which may not be successful. Kodiak’s ability to generate cash depends on many factors beyond Kodiak’s control.
- The terms of the ABL Credit Agreement and the indentures governing Kodiak’s senior notes restrict Kodiak’s current and future operations, particularly Kodiak's ability to respond to changes or to take certain actions.
- Kodiak’s variable rate indebtedness subjects it to interest rate risk, which could cause its debt service obligations to increase significantly.
- Despite Kodiak’s current level of indebtedness, Kodiak and its subsidiaries may still be able to incur substantially more debt. This could further exacerbate the risks to Kodiak’s financial condition described above.
- Risks Related to Owning Kodiak Common Stock
- The Kodiak Charter and Kodiak Bylaws contain provisions that could delay, discourage or prevent a takeover attempt even if a takeover might be beneficial to Kodiak’s stockholders, and such provisions may adversely affect the market price of Kodiak Common Stock.
- Kodiak cannot assure you that it will be able to pay dividends on the Kodiak Common Stock.
- The U.S. federal income tax treatment of distributions on common stock to a U.S. holder will depend upon Kodiak’s tax attributes and the U.S. holder’s tax basis in the common stock, which are not necessarily predictable and can change over time.
- Terms of subsequent financings may adversely impact stockholder equity.
- General Risks
- A financial crisis or deterioration in general economic, business or industry conditions could materially adversely affect Kodiak’s results of operations, financial condition and ability to pay dividends on Kodiak Common Stock.
- Inflation may adversely affect Kodiak by increasing costs beyond what it can recover through price increases and limit its ability to enter into future traditional debt financing.
- Kodiak’s ability to use net operating losses (“NOLs”) to offset future income may be limited.
- Tax legislation and administrative initiatives or challenges to Kodiak’s tax positions could adversely affect its results of operations and financial condition.
Legal proceedings
From time to time, we and our subsidiaries may be involved in various claims and litigation arising in the ordinary course of business. In management’s opinion, the resolution of such matters is not expected to have a material adverse effect on our financial position, results of operations or cash flows.
See the subsection titled “Sales Tax Contingency” and “Legal Matters” in Note 15. Commitments and Contingencies to the consolidated financial statements included in Part IV, Item 15 of this Annual Report for a description of such proceedings.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARCory Anne Roclawski, Officer
- 16SEC EDGAREwan William Hamilton, Officer
- 17SEC EDGARKelly Michelle Battle, Officer
- 18SEC EDGARRobert Michael McKee, Officer
- 19SEC EDGARWilliam Chad Lenamon, Officer
- 20SEC EDGARWilliam L. Bullock Jr., Board member
- 21
- 22SEC EDGARChristopher Drumgoole, Board member
- 23SEC EDGARGretchen Lynn Holloway, Board member
- 24SEC EDGARJon-Al Duplantier, Board member
- 25SEC EDGARMargaret C. Montana, Board member
- 26SEC EDGARRandall J. Hogan, Board member
- 27
- 28SEC EDGARTerry Bonno, Board member
- 29SEC EDGARNirav Kush Shah, Board member
- 30
- 31SEC EDGARBylaws or fiscal year changed
- 32SEC EDGARFinancial statements and exhibits
- 33SEC EDGARRegulation FD disclosure
- 34SEC EDGARResults of operations
- 35SEC EDGAROther events
- 36SEC EDGARFinancial statements and exhibits
- 37SEC EDGARResults of operations
- 38SEC EDGARRegulation FD disclosure
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- 42SEC EDGAROther events
- 43NasdaqNasdaq calendar
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