NYSEEnergyOil & Gas Equipment & ServicesS&P SmallCap 600
$41.67
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Close of Nov 06, 2026 · end-of-day data
KGS 8-K filings in 2026
Every material Form 8-K Kodiak Gas Services filed with the SEC in 2026, 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 (NYSE: KGS) declared a cash dividend of $0.51 per share for the third quarter of 2026, payable November 25, 2026 to holders of record on November 16, 2026. The dividend is 4.1% above both the prior quarter and the year-ago quarter, which adds to shareholder cash returns.
Dividend of $0.51 per share, payable November 25, 2026
Record date is the close of business on November 16, 2026
Dividend is up 4.1% from the prior quarter and the year-ago quarter
Quarterly dividend is up approximately 34% since the 2023 initiation at $0.38 per share
Kodiak Gas Services reported second-quarter 2026 total revenues of $391.1 million, up from $322.8 million a year earlier, and net income attributable to common shareholders of $52.0 million, or $0.53 per diluted share, compared with $39.5 million, or $0.43, in the second quarter of 2025. The company raised its full-year 2026 Adjusted EBITDA guidance to $830 million to $860 million and its discretionary cash flow guidance to $570 million to $600 million.
Q2 2026 total revenues of $391.1 million and Adjusted EBITDA of $216.8 million, a 21.7% increase over second quarter 2025
Net income attributable to common shareholders of $52.0 million, or $0.53 per diluted share, including $3.3 million of nonrecurring transaction expenses tied to the DPS acquisition
Full-year 2026 guidance: Adjusted EBITDA of $830 million to $860 million; the midpoint of Power Infrastructure growth capital expenditures was reduced
Free cash flow was negative $87.5 million in the quarter, compared with $37.0 million in the first quarter of 2026
Kodiak reported first-quarter 2026 total revenue of $345.8 million, up from $329.6 million a year earlier, while net income attributable to common shareholders fell to $17.8 million, or $0.20 per diluted share, from $0.33 in the first quarter of 2025. The GAAP result included a $36.5 million loss on extinguishment of debt. The company raised full-year 2026 adjusted EBITDA guidance to $820 million to $860 million to include the Distributed Power Solutions (DPS) acquisition, which closed April 1, 2026.
Total revenues of $345.8 million versus $329.6 million in Q1 2025; Contract Services revenue was a record $307.0 million.
Adjusted net income of $52.0 million, or $0.59 per adjusted diluted share, versus $0.35 in Q1 2025; adjusted EBITDA of $190.1 million.
2026 adjusted EBITDA guidance raised to $820 million to $860 million, incorporating three quarters of DPS.
Total debt was $2.8 billion at March 31, 2026, and the quarter included a $36.5 million loss on extinguishment of debt.
Kodiak Gas Services completed its acquisition of Distributed Power Solutions, LLC (DPS) on April 1, 2026, paying $587 million in cash and issuing about 2.4 million shares of common stock. The company says the deal adds about 395 megawatts of generation capacity and expands Kodiak beyond contract compression into distributed power, and it expects the acquisition to be immediately accretive to earnings and discretionary cash flow per share.
Cash consideration of $587 million, including adjustments for additional power generation assets, indebtedness and working capital
Issued an aggregate of 2,401,278 shares of common stock to the sellers, Mustang PRS, LLC and Louisiana Machinery Company, L.L.C.
Acquired business rebranded as Kodiak Power Solutions; adds about 395 megawatts of generation capacity
Kodiak entered a registration rights agreement with the sellers covering resale of the shares they received
Kodiak Gas Services, Inc. disclosed that its subsidiary Kodiak Gas Services, LLC issued $1,000,000,000 of 5.875% senior unsecured notes due April 1, 2031, under an indenture dated March 20, 2026. The parent company and certain subsidiaries guarantee the notes, which adds long-term debt that shareholders should weigh against the company's existing obligations.
Notes issued March 20, 2026 with $1,000,000,000 aggregate principal and a 5.875% coupon, maturing April 1, 2031.
Interest is paid semi-annually on April 1 and October 1, beginning October 1, 2026.
Issuer may redeem before April 1, 2028 at a make-whole premium, and from April 1, 2028 at 102.938% declining to 100.000% in 2030.
Indenture limits distributions, additional debt, asset sales and mergers, and includes a 101% change-of-control repurchase offer if ratings are downgraded.
Kodiak Gas Services announced the launch of a $750 million private offering of senior unsecured notes due 2031, with proceeds to redeem its 7.25% notes due 2029 and partly fund its planned $675 million purchase of Distributed Power Solutions. The filing also includes DPS's 2025 audited financials and Kodiak's pro forma combined results, and notes the acquisition is expected to close in early April 2026 subject to conditions and regulatory approvals.
Offering size is $750 million of senior unsecured notes due 2031, launched March 11, 2026.
Redemption of 7.25% Senior Notes due 2029 at 103.625% of the $750,000,000 principal, plus accrued interest.
DPS purchase price is $675 million: $575 million in cash plus 2,401,278 Kodiak shares, subject to adjustment.
DPS reported 2025 revenue of $93,017,559 and net income of $15,435,258; the deal is expected to close in early April 2026.
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.
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
Kodiak Gas Services agreed to buy Distributed Power Solutions, LLC for about $675 million, paid as $575 million in cash plus 2,401,278 new shares of Kodiak common stock valued at about $100 million. The company expects the deal to close in early April 2026, subject to regulatory approvals, and says it will be immediately accretive to earnings and discretionary cash flow per share. Shareholders would face dilution from the new shares and the deal depends on closing conditions and approvals.
Cash consideration of $575 million at closing, plus 2,401,278 shares of common stock valued at about $100 million
Expected closing in early April 2026, subject to Hart-Scott-Rodino waiting periods and other customary conditions
Outside Date of May 31, 2026; buyer may owe a $37.125 million termination fee in certain cases where sellers terminate for buyer breach
Sellers agreed to a 180-day lock-up on the Kodiak shares received, with exceptions for certain transfers
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 →