Earnings Releases·Nov 9, 2026, 6:32 AM ET

Kodiak Gas Services — Third Quarter 2026 Earnings Summary

Total revenues reached $401.8 million (up 24.5% YoY and 2.7% QoQ), while net income surged to $71.5 million ($0.70/share) compared to a $14.0 million loss in Q3 2025; Adjusted EBITDA rose 28.5% YoY to $224.5 million.
Full-year 2026 Adjusted EBITDA guidance was raised to $840–$860 million and discretionary cash flow guidance increased to $580–$600 million, reflecting strong performance across Compression, Power, and Other Services segments.
Strategic capital allocation includes a quarterly dividend increase to $0.51 per share (4.1% QoQ), extension of the share repurchase program through December 2027 with $31.7 million remaining, and the recent acquisition of DPS which established the new Power Infrastructure segment.
Operational momentum continues with Compression Infrastructure fleet utilization at 98.3%, 102k horsepower added to revenue-generating assets, and a new 76MW power agreement initiated for a West Texas data center expected to generate revenue in 2027.