Kodiak Gas Services — Third Quarter 2026 Earnings Summary

Kodiak Gas Services reported third-quarter 2026 net income of $71.5 million, or $0.70 per diluted share, driven by record Compression Infrastructure segment revenues of $318.4 million and a 27.6% sequential increase in Power Infrastructure revenues to $42.0 million. The company achieved a record adjusted EBITDA of $224.5 million and increased its full-year 2026 adjusted EBITDA guidance to a range of $840 million to $860 million. Fleet utilization reached 98.3% for Compression Infrastructure and 92.5% for Power Infrastructure, while the company added 102,000 horsepower of new compression units to its revenue-generating fleet. Additionally, Kodiak declared a quarterly dividend of $0.51 per share and extended its share repurchase program through December 31, 2027.