Kodiak Gas Q4 revenue $226M, FY record revenue $850.4M, Adj. EBITDA $438.1M; initiates FY24 guidance $460-490M

Kodiak Gas Services, Inc.

Q4 total revenue $226.0M (+25.7% YoY); net loss $6.9M due to $21.8M loss on derivatives.
Full-year 2023 revenue $850.4M, a record; Adjusted EBITDA $438.1M (record).
Compression operations utilization 99.9%; initiated standalone 2024 Adjusted EBITDA guidance $460-490M.
Paid inaugural quarterly dividend of $0.38/shr; announced definitive agreement to acquire CSI Compressco.
Fleet reinvestment and shareholder returns supported by expected FY24 discretionary cash flow $295-310M.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Kodiak Gas Services, Inc. reported the year ended December 31, 2023 results: revenue $850.4 million, net income Net income for the year ended December 31, 2023 was $20.1 million.. Guidance initiated.

Period: the year ended December 31, 2023
Revenue: $850.4 million
Net income: Net income for the year ended December 31, 2023 was $20.1 million.
Guidance: initiated
Result: reported results

Exact text from the filing

to acquire CSI Compressco to create the industry's largest contract compression fleet. Fiscal Year 2023 Highlights • Total revenues for the year ended December 31, 2023 were $850.4 million compared to $707.9 million for the year ended December 31, 2022. • Compression Operations segment revenues grew 12.3% over the year ended December 31, 2022. • Compression

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Kodiak Gas Services, Inc. reported the quarter ended December 31, 2023 results: revenue $226.0 million, net income Net loss for the quarter ended December 31, 2023 was $6.9 million, including a $21.8 million loss on derivatives..

Period: the quarter ended December 31, 2023
Revenue: $226.0 million
Net income: Net loss for the quarter ended December 31, 2023 was $6.9 million, including a $21.8 million loss on derivatives.
Result: reported results

Exact text from the filing

the fourth quarter and full year ended December 31, 2023 and also provided full-year 2024 guidance. Fourth Quarter 2023 Highlights • Total revenues for fourth quarter 2023 were $226.0 million compared to $179.8 million for fourth quarter 2022. • Fourth quarter 2023 Compression Operations segment Adjusted Gross Margin Percentage (1) increased 140 basis points over

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Kodiak Gas Services, Inc. filing history →

Source: SEC EDGAR

accession 0001767042-24-000008

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