Kodiak Gas Services reports Q4 EPS 21c, consensus 50c

Reports Q4 revenue $309.52M, consensus $323.82M. “Kodiak had a transformative year, completing the CSI acquisition which allowed us to build upon our industry-leading position in the Permian Basin and set new financial records,” stated Mickey McKee, Kodiak’s founder and CEO. “While maintaining capital discipline and deleveraging, we increased our contract compression fleet by roughly 1 million horsepower and actively high-graded our asset base, allowing us to set new records in revenue, adjusted EBITDA and free cash flow. We realized improvements in margins as well, with our Contract Services segment delivering a record adjusted gross margin percentage in the fourth quarter. Additionally, we enhanced our shareholder return program through increased dividends and $40 million in share repurchases, returning a total of $179 million to shareholders in 2024. Kodiak’s record-setting year would not have been possible without the tireless efforts of our dedicated employees that are focused on providing our customers with unequaled service quality.”