NYSEEnergyOil & Gas Equipment & ServicesS&P SmallCap 600
$41.67
+2.74 (+7.04%)
Close of Nov 06, 2026 · end-of-day data
KGS 8-K filings in 2025
Every material Form 8-K Kodiak Gas Services filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Kodiak Gas Services reported a third-quarter 2025 net loss attributable to common shareholders of $14.0 million, or $0.17 per diluted share, compared with net income of $39.5 million in the second quarter. The loss included a $33.3 million loss on disposal of its Mexico operations and a $28.0 million sales and use tax reserve, while adjusted net income was $31.5 million, or $0.36 per adjusted diluted share. The company raised its full-year 2025 discretionary cash flow guidance to $450 million to $470 million and kept its other guidance metrics unchanged.
Q3 2025 total revenues were $322.7 million, compared with $324.6 million in Q3 2024.
Net loss of $14.0 million included a $33.3 million loss on the Mexico disposal and a $28.0 million sales tax reserve increase.
Discretionary cash flow was $116.7 million, up 13.2% from Q3 2024.
Full-year 2025 discretionary cash flow guidance was raised to $450 million to $470 million; the company also declared a quarterly dividend of $0.49 per share.
On September 22, 2025, Kodiak Gas Services' subsidiary Kodiak Gas Services, LLC completed a private offering of $200 million in additional senior unsecured notes, adding $170 million to its 6.500% notes due 2033 and $30 million to its 6.750% notes due 2035. The notes are additional issuances under an existing indenture and add to debt that the company will owe. The filing does not disclose the use of proceeds or the offering price.
Additional 2033 Notes: $170 million at 6.500%, maturing October 1, 2033
Additional 2035 Notes: $30 million at 6.750%, maturing October 1, 2035
Interest is payable semi-annually on April 1 and October 1, starting April 1, 2026
Notes are senior unsecured and guaranteed by Kodiak Gas Services, Inc. and certain subsidiaries
Kodiak Gas Services, Inc. (KGS) subsidiary Kodiak Gas Services, LLC issued $600 million of 6.500% senior unsecured notes due 2033 and $600 million of 6.750% notes due 2035 on September 5, 2025. The company also amended its asset-based loan facility, reducing its commitments to $2.0 billion and extending maturity to September 5, 2030, which adds significant new debt to the company's obligations.
Two note issues totaling $1.2 billion: $600 million at 6.500% due October 1, 2033 and $600 million at 6.750% due October 1, 2035
Interest is payable semi-annually on April 1 and October 1, beginning April 1, 2026
ABL facility commitments reduced to $2.0 billion, with maturity extended to September 5, 2030
Change of control provisions allow holders to require repurchase at 101% of principal if a rating downgrade follows
Kodiak Gas Services appointed William L. Bullock, Jr., former ConocoPhillips CFO, to its board effective September 2, 2025, replacing Nirav Shah, who resigned effective August 27, 2025. The company said Shah's resignation reflects reduced control by EQT, not a disagreement, and the board stays at nine members. The change is administrative and does not alter reported financial results.
Nirav Shah resigned from the board effective August 27, 2025; the company said there was no disagreement.
William L. Bullock, Jr. joins the board effective September 2, 2025 and sits on the Audit & Risk and Personnel & Compensation committees.
Bullock receives a prorated share of a $150,000 annual non-employee restricted stock unit award.
The board will continue to consist of nine directors.
Kodiak Gas Services reported second-quarter 2025 net income attributable to common shareholders of $39.5 million, up from $6.2 million a year earlier, with diluted EPS of $0.43. The company raised the low end of its full-year 2025 adjusted EBITDA guidance by $5 million and increased its share repurchase program by $100 million, with $115.0 million now available for repurchases.
Q2 2025 net income attributable to common shareholders was $39.5 million, versus $6.2 million in Q2 2024; diluted EPS was $0.43
Quarterly adjusted EBITDA was $178.2 million, up 15.5% from Q2 2024
Full-year 2025 adjusted EBITDA guidance is now $700 million to $725 million, with the low end raised $5 million
Share repurchase program increased by $100 million and extended to December 31, 2026; $115.0 million is available
Kodiak Gas Services reported first-quarter 2025 revenue of $329.6 million and net income attributable to common shareholders of $30.4 million, both up from the fourth quarter of 2024. The company raised its full-year 2025 adjusted EBITDA guidance and increased its quarterly dividend by 10%, which benefits shareholders through higher expected cash generation and capital returns. Diluted EPS of $0.33 was below the $0.39 reported a year earlier.
Total revenues were $329.6 million, up from $309.5 million in the fourth quarter of 2024 and $215.5 million in the first quarter of 2024.
Net income attributable to common shareholders was $30.4 million; diluted EPS was $0.33, versus $0.21 in the prior quarter and $0.39 a year earlier.
Full-year 2025 adjusted EBITDA guidance was raised to $695 million to $725 million, a $10 million increase to the low end of the range.
The quarterly dividend was raised 10% to $0.45 per share, and about $10 million of common stock was repurchased at an average price of $36.87.
Kodiak Gas Services reported fourth-quarter 2024 net income attributable to common shareholders of $19.1 million, compared with a net loss of $6.9 million a year earlier, and full-year net income of $49.9 million versus $20.1 million in 2023. The company also issued 2025 guidance, including adjusted EBITDA of $685 million to $725 million, which gives shareholders a first benchmark for the coming year.
Q4 2024 total revenues were $309.5 million, up from $226.0 million in Q4 2023 but down from $324.6 million in Q3 2024.
Full-year 2024 adjusted EBITDA was $609.6 million, compared with $438.1 million in 2023.
2025 guidance: adjusted EBITDA of $685 million to $725 million and growth capital expenditures of $240 million to $280 million.
The company repurchased 1.4 million shares in 2024 at a weighted average price of $27.88 and reported $322.5 million available on its ABL Facility.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Kodiak Gas Services filing is on SEC EDGAR ↗. 8-K briefs of other companies →