Kodiak Gas Services raises quarterly dividend to 45c per share

Kodiak Gas Services (KGS) announced that its board of directors has declared an increase to its quarterly cash dividend to 45c per share of common stock for the first quarter of 2025. This Common Stock Dividend represents a ten percent increase over the Common Stock Dividend declared for the fourth quarter of 2024 and will be paid on May 15, 2025 to all stockholders of record as of the close of business on May 5, 2025. In conjunction with the Common Stock Dividend, Kodiak Gas Services, LLC, a subsidiary of Kodiak, has declared a distribution of 45c per unit for the first quarter of 2025, which will be paid on May 15, 2025 to all unitholders of record of Kodiak Services on May 5, 2025. Mickey McKee, Kodiak’s President and Chief Executive Officer, commented “the increased dividend we announced today reflects the strength of Kodiak’s business model and stability of the cash flows it generates. This is our second dividend increase in the last twelve months and demonstrates our ongoing commitment to return capital to our shareholders.”