Kodiak Gas Services Announces Accretive Purchase of Over 20,000 Horsepower in the Permian Basin
Kodiak Gas Services, Inc. (KGS)
Company Research
Source: Business Wire
THE WOODLANDS, Texas--(BUSINESS WIRE)--Kodiak Gas Services, Inc. (NYSE: KGS) (“Kodiak” or the “Company”) today announced that it recently closed on the purchase of over 20,000 horsepower of large horsepower compression assets from a leading oil and gas producer in the Permian Basin for $24 million.Kodiak will utilize the acquired compression assets to provide contract compression services to the seller under a seven-year service agreement, generating more than $7 million in incremental annualized revenues. The acquired compression assets will be integrated into Kodiak’s existing operating footprint in Texas and New Mexico, expanding the Company’s presence in one of the most active producing regions in North America.“This transaction underscores Kodiak’s strategy of deploying capital into high-quality, long-duration commercial opportunities with premier operators, and further strengthens our leading position in the Permian Basin,” said Mickey McKee, President and CEO of Kodiak Gas
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KGS
News
- Kodiak Gas Services (KGS) had its price target raised by Royal Bank Of Canada from $45.00 to $64.00. They now have an "outperform" rating on the stock.MarketBeat
- Kodiak Gas Services Announces Upsizing and Pricing of $1,000,000,000 Senior Unsecured Notes Offering [Yahoo! Finance]Yahoo! Finance
- Kodiak Gas Services Announces Upsizing and Pricing of $1,000,000,000 Senior Unsecured Notes OfferingBusiness Wire
- Kodiak Gas Services Announces Launch of $750 Million Senior Unsecured Notes OfferingBusiness Wire
- Kodiak Gas Services (KGS) Reports $184.5M Q4 Adjusted EBITDA, $599.7M FY2025 Operating Cash Flow [Yahoo! Finance]Yahoo! Finance
KGS
Earnings
- 2/25/26 - Miss
KGS
Sec Filings
- 3/19/26 - Form 144
- 3/18/26 - Form 4
- 3/17/26 - Form 144
- KGS's page on the SEC website