Kodiak Gas Services Q3 revenue rises 25%, beats estimates
KGS•Kodiak Gas Services reported third-quarter revenue of $401.79 million, up 25% and above the $386.77 million estimate. Adjusted EPS was $0.70, and the company raised its 2026 adjusted EBITDA guidance to $840 million-$860 million and discretionary cash flow forecast to $580 million-$600 million.
1. Quarterly results
Kodiak Gas Services reported third-quarter revenue of $401.79 million, compared with an analyst estimate of $386.77 million. Adjusted EPS was $0.70 versus an estimate of $0.62, while adjusted EBITDA was $224.49 million, above the $215.50 million estimate.
2. Raised 2026 guidance
The company raised its 2026 adjusted EBITDA guidance to $840 million-$860 million and its discretionary cash flow forecast to $580 million-$600 million. It lowered planned 2026 growth capital expenditures for Power Infrastructure and raised them for Compression Infrastructure.
3. Business drivers
Kodiak said operating efficiencies and cost discipline in Compression Infrastructure offset inflationary pressures. Higher demand, increased pricing and longer contracts in Power Infrastructure drove revenue growth.
