Kodiak Gas Services posted Q2 net income attributable to common shareholders of USD 52 million, or USD 0.53 a diluted share.
Revenue rose 21.2% from a year earlier to USD 391.12 million, led by record Compression Infrastructure revenue of USD 315.13 million.
Adjusted EBITDA (non-GAAP) climbed 21.7% year over year to a record USD 216.85 million, while Compression Infrastructure utilization edged up 1 percentage point to 98.2%.
Cash flow and guidance
Discretionary cash flow (non-GAAP) increased 40.2% from a year earlier to a record USD 163.25 million; free cash flow (non-GAAP) turned to a loss of USD 87.5 million.
Raised full-year adjusted EBITDA (non-GAAP) guidance to USD 830 million-USD 860 million, citing strong compression demand and progress in Power Infrastructure.
KGS•
