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Kodiak Gas Services, Inc. (KGS)
NYSE:KGS
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.4Last Year’s EPS
-$0.09Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 14.27%
|Next Earnings Date:Mar 05, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong operational and financial performance with record revenues, improved fleet utilization, and a positive future outlook. However, the reported net loss and significant noncash charges presented challenges. Overall, positive elements outweighed the negatives, suggesting a robust strategic position.Company Guidance
During the Kodiak Gas Services Q3 2024 earnings call, significant financial metrics and guidance were provided, highlighting the company's robust performance and strategic outlook. The company reported record revenues of $325 million and adjusted EBITDA of $168 million, with free cash flow generation of $53 million. Fleet utilization was over 96%, with core large horsepower assets near full utilization at over 99%. The company also completed a successful follow-on offering, increasing trading liquidity by over 100% while reducing shareholder concentration. For 2024, Kodiak raised the low end of its adjusted EBITDA guidance to a range of $600 million to $610 million. Looking ahead to 2025, the company expects adjusted EBITDA between $675 million and $725 million, emphasizing continued high-grading of its compression fleet and strategic divestitures. Additionally, Kodiak aims to reduce leverage to 3.5x by the end of 2025, maintaining a strong focus on shareholder returns through dividends and share repurchases.Record Quarter Achievements
Kodiak Gas Services achieved another record quarter with revenues of $325 million and adjusted EBITDA of $168 million, indicating strong financial performance.
Fleet Optimization and Utilization
Kodiak increased fleet utilization to over 96% by adding roughly 50,000 horsepower of new units and redeploying approximately 38,000 horsepower that was previously idle, indicating efficient use of resources.
Improved Trading Liquidity
The successful completion of a follow-on offering by EQT reduced top shareholder concentration by about 20% and increased trading liquidity by over 100%.
Strong Future Outlook
Kodiak increased the low end of its adjusted EBITDA guidance for 2024 and provided a preliminary 2025 adjusted EBITDA expectation range of $675 million to $725 million.
Operational Efficiency
Achieved an adjusted gross margin of 66% in the Contract Services segment, matching the high end of annual guidance and historical record margin before the CSI acquisition.
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KGS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KGS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $34.83 | $34.55 | -0.80% |
| Aug 12, 2024 | $28.93 | $25.76 | -10.96% |
| May 08, 2024 | $26.86 | $27.13 | +1.01% |
| Mar 06, 2024 | $25.59 | $24.12 | -5.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kodiak Gas Services, Inc. (KGS) report earnings?
Kodiak Gas Services, Inc. (KGS) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Kodiak Gas Services, Inc. (KGS) earnings time?
Kodiak Gas Services, Inc. (KGS) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KGS EPS forecast?
KGS EPS forecast for the fiscal quarter 2024 (Q4) is $0.4.
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