Kodiak Gas Services Announces Third Quarter 2024 Financial Results Including Record Quarterly Adjusted EBITDA and Free Cash Flow
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”), a leading provider of critical energy infrastructure and contract compression services, today reported financial and operating results for the quarter ended September 30, 2024, updated full-year 2024 guidance and provided an early outlook on 2025 Adjusted EBITDA(1).Third Quarter 2024 and Recent HighlightsContract Services segment revenue and Adjusted Gross Margin Percentage(1) were $284.3 million and 66.0%, respectivelyNet loss of $6.2 million included a $9.9 million long-lived asset impairment, a $10.4 million loss on asset sales and a $20.3 million non-cash, mark-to-market loss on interest rate hedgesRecord quarterly Adjusted EBITDA of $168.4 millionRecord quarterly Free Cash Flow(1) of $52.5 millionDeployed 50,000 horsepower of new large horsepower compression unitsDivested approximately 95,000 horsepower of small horsepower compression units both in the U.S and internation
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News
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- Kodiak Gas Services Inc (KGS) Q3 2024 Earnings Call Highlights: Record Revenue and Strategic ... [Yahoo! Finance]Yahoo! Finance
KGS
Earnings
- 11/6/24 - Miss
KGS
Sec Filings
- 11/21/24 - Form 144
- 11/18/24 - Form SC
- 11/18/24 - Form 4
- KGS's page on the SEC website