NYSE$KGS

Kodiak Gas Services Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Kodiak Gas Services reported Q1 2025 revenue of $329.6M, net income of $31.0M, diluted EPS of $0.33.

For Q1 2025, Kodiak Gas Services reported Revenue was $329.6M, net income was $31.0M, diluted EPS was $0.33. Management discusses operating trends, liquidity, and outlook in the quarterly filing.

  • Revenue $329.6M for Q1 2025.
  • Net income $31.0M.
  • Diluted EPS $0.33.

Headline financials

Total Revenue

$330M

Previous: $215M+53.0%
EPS (adj)

$0.33

Previous: $0.39-15.4%
Fleet Utilization

96.9%

Previous: 99.8%-2.9%
Adjusted EBITDA

$178M

Previous: $118M+50.9%
Adj EBITDA Margin

53.9%

Previous: 54.6%-1.3%
Contract Services Adj GM %

67.7%

Previous: 65.9%+2.7%
Other Services Adj GM %

13.4%

Previous: 20.0%-33.0%
Discretionary Cash Flow

$116M

Previous: $71.9M+61.4%
Fleet Horsepower

4.4M

Previous: 3.3M+34.4%
Rev-Gen Horsepower

4.3M

Previous: 3.3M+30.4%
Fleet Compression Units

4.9K

Previous: 3.1K+59.9%
Rev-Gen Compression Units

4.5K

Previous: 3.1K+48.3%
HP per Rev-Gen Unit

943

Previous: 1.1K-12.0%
Capital Expenditures

-$77.6M

Previous: -$60.2M-28.9%
Net Income

$30.4M

Previous: $30.2M+0.6%
Operating Income

$89.2M

Previous: $60.2M+48.3%
Gross Profit

$131M

Previous: $85M+53.7%

Revenue & EPS history

Kodiak Gas Services · Revenue · Quarterly

$330M

Q1 2025+53%vs Q1 2024
Beat estimate in 6 of 11 quarters(55%)
ActualEstimate

Revenue by segment

Kodiak Gas Services · $231M total across 2 segments · Q3 2023

  • Contract Services
    $187M
  • Other Services
    $44.3M

Forward guidance

The quarterly filing discusses operating priorities, capital allocation, and sector risks.

Tailwinds

  • MD&A outlines strategic priorities and liquidity.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 11 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+0.1%

Avg return

Earnings day

+0.4%

Avg return

5 days after

-0.2%

Avg return

30 days after

71%

12 / 17 earnings

Positive

+8.3%

Q1 2026

Best reaction

-15.0%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+8.3%+5.5%-4.9%
Q4 2025+4.0%-1.2%+7.1%
Q3 2025-6.6%-6.0%+1.3%
Q1 2025+3.9%+6.7%+8.4%
Q4 2024-15.0%-13.0%-22.9%
Q3 2024+6.3%+11.7%+26.7%
Q2 2024-9.6%-9.2%-9.1%
Q1 2024+1.0%-3.1%-8.2%
Q4 2023-6.1%-4.6%+5.1%
Q3 2022+5.1%+7.9%+9.2%
Q4 2021+5.1%+7.9%+9.2%
Q3 2023-0.5%+3.7%+7.2%
Q2 2022+1.3%-1.2%-7.0%
Q2 2023+1.3%-1.2%-7.0%
Q1 2022+1.3%-1.2%-7.0%
Q4 2022+1.3%-1.2%-7.0%
Q1 2023+1.3%+5.4%-4.5%

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