NYSE$KGS

Kodiak Gas Services Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Kodiak Gas Services Inc reported increased revenues and net income for the second quarter of 2025.

For the three months ended June 30, 2025, Kodiak achieved total revenues of $322.8 million, up 4.3% year-over-year, driven by growth in Contract Services. Net income attributable to common shareholders rose to $39.5 million with basic EPS of $0.44. Adjusted EBITDA reached $178.2 million, reflecting operational improvements and cost management.

  • Total revenues increased 4.3% to $322.8 million, led by a 6.3% rise in Contract Services revenue.
  • Net income attributable to common shareholders grew to $39.5 million from $6.2 million in Q2 2024.
  • Fleet utilization improved to 97.2%, with revenue-generating horsepower up 1.7%.
  • Adjusted EBITDA increased to $178.2 million, representing a 55.2% margin.

Headline financials

Total Revenue

$323M

Previous: $310M+4.3%
EPS (adj)

$0.44

Previous: $0.06+633.3%
Fleet Utilization

97.2%

Previous: 94.3%+3.1%
Adjusted EBITDA

$178M

Previous: $154M+15.5%
Adjusted EBITDA Margin

55.2%

Previous: 49.8%+10.8%
Fleet Horsepower

4.4M

Previous: 4.5M-1.4%
Revenue-Generating Horsepower

4.3M

Previous: 4.2M+1.7%
Capital Expenditures

-$160M

Previous: -$177M+9.6%
Net Income

$39.5M

Previous: $6.23M+534.2%
Operating Income

$99.7M

Previous: $54.2M+84.1%
Cash & Equivalents

$5.43M

Previous: $3.85M+40.9%
Total Assets

$4.38B

Previous: $4.44B-1.4%

Revenue & EPS history

Kodiak Gas Services · Revenue · Quarterly

$323M

Q2 2025+4.3%vs Q2 2024
Beat estimate in 6 of 12 quarters(50%)
ActualEstimate

Revenue by segment

Kodiak Gas Services · $323M total across 2 segments · Q2 2025

  • Contract Services
    $294M
  • Other Services
    $29.3M

Forward guidance

The company continues to focus on operational efficiency and fleet optimization amid market conditions.

Historical earnings impact

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

Avg. return before/after earnings

Based on 11 quarterly earnings reports

Historical avg

+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
Q2 2025
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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