Kodiak Gas Services revenue tops $400 million

Kodiak Gas Services (NYSE:KGS) reported third-quarter 2026 total revenue of US$401.8 million, up 24.5% year-over-year, while record adjusted EBITDA increased 28.5% to US$224.5 million.

Compression Infrastructure revenue reached a record US$318.4 million, while Power Infrastructure revenue increased 27.6% sequentially to US$42 million, reflecting growth across both operating segments.

Net income attributable to common shareholders reached US$71.5 million, or US$0.70 per diluted share, while operating cash flow totalled US$196.3 million and discretionary cash flow increased 35.9% year-over-year to US$158.5 million.

Following the announcement, Kodiak Gas Services' share price was up 8.02% at US$45.07 in premarket trading on November 9, 2026.

The company declared a quarterly dividend of US$0.51 per share, up 4.1% from the previous quarter, and agreed to provide 76 megawatts of behind-the-meter baseload power capacity to a West Texas data centre.

Kodiak raised its full-year 2026 adjusted EBITDA guidance to US$840 million–US$860 million and discretionary cash flow guidance to US$580 million–US$600 million, while continuing to expand its natural gas compression and power infrastructure operations.