NYSE$KGS

Kodiak Gas Services Inc · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Kodiak Gas Services reported Q3 2025, revenue of $322.7M, net income of $30.2M, diluted EPS of $0.61.

For Q3 2025, Kodiak Gas Services reported revenue of $322.7M, net income of $30.2M, diluted EPS of $0.61. Management discussed operating trends, liquidity, and priorities as disclosed in the quarterly filing.

  • Revenue $322.7M.
  • Net income $30.2M.
  • Diluted EPS $0.61.

Headline financials

Total Revenue

$323M

Previous: $325M-0.6%
EPS (adj)

$0.61

Previous: -$0.07+971.4%
Fleet Utilization

97.6%

Previous: 96.4%+1.2%
Adjusted EBITDA

$175M

No prior period
Adj EBITDA Margin

54.1%

Previous: 51.9%+4.2%
Contract Services Adj GM %

68.3%

Previous: 66.0%+3.5%
Other Services Adj GM %

14.7%

Previous: 19.0%-22.6%
Discretionary Cash Flow

$117M

Previous: $103M+13.2%
Fleet Horsepower

4.5M

Previous: 4.4M+0.9%
Rev-Gen Horsepower

4.4M

Previous: 4.3M+2.1%
Fleet Compression Units

4.8K

Previous: 5.3K-10.0%
Rev-Gen Compression Units

4.5K

Previous: 4.8K-5.2%
HP per Rev-Gen Unit

965

Previous: 895+7.8%
Total Debt Outstanding

$2.7B

No prior period
Leverage Ratio

3.8

No prior period
Capital Expenditures

-$263M

Previous: -$264M+0.4%
Net Income

-$14M

Previous: -$5.65M-148.1%
Operating Income

$64.2M

Previous: $66.1M-2.8%
Gross Profit

$140M

Previous: $122M+15.0%

Revenue & EPS history

Kodiak Gas Services · Revenue · Quarterly

$323M

Q3 2025-0.6%vs Q3 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 filing discusses Kodiak Gas Services's outlook, capital deployment, and key risks without relying solely on numeric EPS guidance.

Tailwinds

  • Kodiak Gas Services cited execution on strategic priorities in the filing.
  • Balance sheet and liquidity support continued operations.

Headwinds

  • Macro, competitive, and cost pressures may affect margins.
  • Segment mix and one-time items can affect 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 Q3 2025

Historical avgQ3 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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