Kodiak Gas Services Q4 net income rises to $24.6 million; 2026 EBITDA outlook $750M-$780M
Kodiak Gas Services reported fourth-quarter 2025 net income attributable to common shareholders of $24.6 million, or $0.28 per diluted share, up from $19.1 million in the fourth quarter of 2024, on revenue of $332.9 million versus $309.5 million a year earlier. The company also gave initial 2026 guidance of $750 million to $780 million in adjusted EBITDA, which excludes its pending $675 million acquisition of Distributed Power Solutions, LLC, expected to close in early April 2026.
Key points
- Q4 2025 net income attributable to common shareholders was $24.6 million, or $0.28 per diluted share, versus $19.1 million in Q4 2024
- Q4 2025 total revenues were $332.9 million, up from $309.5 million in Q4 2024; adjusted EBITDA was $184.5 million
- 2026 guidance: adjusted EBITDA of $750 million to $780 million and discretionary cash flow of $480 million to $510 million, excluding the pending acquisition
- Distributed Power Solutions deal valued at approximately $675 million, expected to close in early April 2026; guidance to be updated after closing
The filing
Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 25, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.