---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-207474"
form_type: "8-K"
ticker: "KGS"
cik: "0001767042"
company_name: "Kodiak Gas Services, Inc."
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T22:56:32.143069+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kodiak Gas Services restates Q1 2022 financials due to mark-to-market error; material weakness identified

## Summary
- Non-cash error overstated unrealized gain on derivatives by $28.4M; restated net income rises from $27.9M to $49.6M for Q1 2022.
- Unrealized gain on derivatives corrected from $7.8M to $36.2M; income tax expense increased from $8.6M to $15.4M.
- Basic and diluted EPS restated from $279,390 to $495,550 for the three months ended March 31, 2022.
- Error limited to Q1 2022; no impact on revenue, cash, or financial covenants; no effect on FY 2022 annual statements.
- Material weakness in internal controls over financial reporting identified; remediation to be reported in Q2 2023 10-Q.

## SEC filing metadata
- accession: 0001193125-23-207474
- form_type: 8-K
- ticker: KGS
- cik: 0001767042
- company_name: Kodiak Gas Services, Inc.
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1767042/000119312523207474/0001193125-23-207474-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1767042/000119312523207474/d876674d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-207474
- JSON: https://secwatch.observer/filing/0001193125-23-207474.json
- Plain text: https://secwatch.observer/filing/0001193125-23-207474.txt

## Key facts
- Auditor Changes
  Kodiak Gas Services, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: BDO USA, P.A.
  source text: should no longer be relied upon due to a non-cash error in the mark-to-market adjustment for the Company’s interest rate swap derivatives
  evidence_url: https://www.sec.gov/Archives/edgar/data/1767042/000119312523207474/0001193125-23-207474-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.