---
schema_version: "secwatch.filing_event.v1"
accession: "0001767042-24-000008"
form_type: "8-K"
ticker: "KGS"
cik: "0001767042"
company_name: "Kodiak Gas Services, Inc."
filed_at: "2024-03-06T23:59:59+00:00"
generated_at: "2026-06-05T02:48:15.697466+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001767042-24-000008
- form_type: 8-K
- ticker: KGS
- cik: 0001767042
- company_name: Kodiak Gas Services, Inc.
- filed_at: 2024-03-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1767042/000176704224000008/0001767042-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1767042/000176704224000008/kgs-20240306.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001767042-24-000008
- JSON: https://secwatch.observer/filing/0001767042-24-000008.json
- Plain text: https://secwatch.observer/filing/0001767042-24-000008.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1767042/000176704224000008/0001767042-24-000008-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1767042/000176704224000008/0001767042-24-000008-index.htm

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