Kodiak Gas Q2 record revenue beats estimates on strong compression demand, raises 2026 outlook
KGS•Analyst coverage and valuation
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", no "hold" and no "sell" or "strong sell".
The average consensus recommendation for the oil related services and equipment peer group is "buy".
Wall Street's median 12-month price target for Kodiak Gas Services Inc is $82.00, about 44.2% above its August 6 closing price of $56.86.
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 26 three months ago.
Demand and efficiency drove record revenue
The US gas compression provider said strong demand for large horsepower compression drove record revenues and improved pricing and utilization in Compression Infrastructure.
The company attributed high adjusted gross margins to technology-enabled efficiency and cost discipline.
Kodiak also said acquisition of DPS enabled the launch of the Power Infrastructure segment and secured a strategic turbine supply agreement.
Quarterly results beat revenue and EBITDA estimates
Kodiak Gas Services said second-quarter revenue and adjusted EBITDA beat analyst expectations, while adjusted EPS missed.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $391.12 mln | $386.74 mln (11 Analysts) |
| Q2 Adjusted EPS | Miss | $0.55 | $0.67 (9 Analysts) |
| Q2 Net Income |
