Kodiak Gas Services (KGS)
Operates contracted natural-gas compression and distributed power equipment across U.S. energy markets.
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Rents and operates large-horsepower natural-gas compression and distributed power equipment, earning primarily contracted equipment and capacity payments plus installation, maintenance, station-construction, and field-service fees. Compression remains the core business, with most assets concentrated in the Permian Basin and Eagle Ford Shale.
Operates large-horsepower natural-gas compression through Compression Infrastructure for upstream and midstream customers in U.S. producing regions. Power Infrastructure, added through the Distributed Power Solutions acquisition and branded Kodiak Power Solutions, rents distributed and behind-the-meter generation equipment with installation, operation, maintenance, and support services for energy and digital-infrastructure users.
Earns compression revenue primarily from fixed-revenue term contracts; power arrangements generally combine fixed monthly equipment and capacity payments with service fees. Other Services covers station construction, customer-owned compressor maintenance and overhaul, parts, crane, freight, and related field work.
Standardized equipment, predictive maintenance, monitoring, and technician training support uptime. Most compression assets sit in the Permian Basin and Eagle Ford Shale, tying results to regional production and gathering activity; contracts become cancellable on short notice after their primary terms, and operations are subject to air-quality, safety, and other energy-infrastructure regulation.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 13, 2026 | RBC Capital | Reiterate | Rating: —Target: $84 | Target: $88 |
| Aug 11, 2026 | Stifel Nicolaus | Target | Target: $90 | Target: $92 |
| Aug 10, 2026 | Jefferies | Reiterate | Rating: —Target: $79 | Target: $69 |
| Jul 28, 2026 | Piper Sandler | Initiate | Rating: —Target: — | Target: $78 |
| Jul 14, 2026 | Stifel Nicolaus | Target | Target: $84 | Target: $90 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $137.6M · Total debt $85.5M · Total assets $5.50B · Shareholders' equity $2.16B
- Revenue
- $391.1M
- Operating income
- $124.2M
- Net income
- $52.0M
HistoryDividendAnnual yield
| Institutions | ≈ 101.65% | 102.77M shares | |
|---|---|---|---|
| 418 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.82% | 824.9K shares | |
| 17 holders · as of Sep 17, 2026 | |||
| Adds to | 102.47% | ||
101.10M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 102.47%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 15.04% | 15.20M | as of Jun 30, 2026 |
Invesco Ltd.Institution | 7.97% | 8.06M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.33% | 4.38M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.08% | 4.13M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.08% | 4.13M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 16, 2026 | Pedro R. Buhigas | officer: Chief Information Officer | −3,663 | $58.14 |
| Sep 14, 2026 | Ewan William Hamilton | officer: EVP & Chief Accounting Officer | −2,729 | $61.85 |
| Sep 11, 2026 | William Chad Lenamon | officer: Executive Vice President & COO | −1,000 | $63.21 |
| Sep 1, 2026 | Robert Michael McKee | director, officer: President & CEO | −5,999 | $59.31 |
| Aug 19, 2026 | Robert Michael McKee | director, officer: President & CEO | −6,008 | $62.39 |
- Archrock
Direct compression peer with U.S. fleet and aftermarket services
- USA Compression Partners
Large-horsepower compression peer in midstream applications
- Natural Gas Services Group
Smaller compression rental peer with large-horsepower focus
- Enerflex (ADR)
Diversified compression and modular energy systems peer
- Southern Company
PowerSecure overlaps in microgrids and distributed energy
- United Rentals
Power/HVAC rental adjacency for industrial power needs
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Kodiak Gas Services | $55.74 | −0.89% | $5.68B | 65.4 | 21.8 | 4.1 | +21.2% |
| Archrock | $30.93 | +0.65% | $5.39B | 16.5 | 16.0 | 3.6 | −3.1% |
| USA Compression Partners | $26.17 | −0.06% | $3.80B | 24.7 | 17.5 | 3.2 | +36.8% |
| Natural Gas Services Group | $34.77 | +0.35% | $437.8M | 21.5 | 15.9 | 2.3 | +24.2% |
| Enerflex (ADR) | $22.48 | +0.20% | $2.74B | 53.4 | 12.2 | 1.1 | −33.4% |
| Southern Company | $85.33 | −0.16% | $98.31B | 20.6 | 18.3 | 3.3 | +0.1% |
| United Rentals | $1,046.52 | +1.61% | $64.10B | 24.9 | 19.9 | 3.8 | +11.8% |
| Median | 23.1 | 16.7 | 3.2 | +6.0% |