NYSE$KGS
Kodiak Gas Services Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Kodiak Gas Services reported fourth quarter results, achieving record annual revenues and Adjusted EBITDA and providing full-year 2024 guidance.
Kodiak Gas Services reported Q4 2023 results with total revenues of $226.0 million compared to $179.8 million for Q4 2022. The company reported a net loss of $6.9 million, including a $21.8 million loss on derivatives. Adjusted EBITDA for the quarter was $113.9 million compared to $103.2 million for the quarter ended December 31, 2022. The company also announced a definitive agreement to acquire CSI Compressco.
- Total revenues for fourth quarter 2023 were $226.0 million compared to $179.8 million for fourth quarter 2022.
- Fourth quarter 2023 Compression Operations segment Adjusted Gross Margin Percentage increased 140 basis points over third quarter 2023.
- Net loss for the quarter ended December 31, 2023 was $6.9 million, including a $21.8 million loss on derivatives.
- Adjusted EBITDA for the quarter ended December 31, 2023 was $113.9 million compared to $103.2 million for the quarter ended December 31, 2022.
Headline financials
Revenue & EPS history
Kodiak Gas Services · Revenue · Quarterly
$226M
Revenue by segment
Kodiak Gas Services · $231M total across 2 segments · Q3 2023
- Contract Services$187M—80.8%
- Other Services$44.3M—19.2%
Forward guidance
Kodiak provided initial guidance for the full year 2024. Standalone 2024 Adjusted EBITDA guidance of $460 million to $490 million. Expected Discretionary Cash Flow of $295 million to $310 million.
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 Q4 2023
+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
| Quarter | Report date | Reaction (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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