Kodiak Q1 revenue $215.5M, record Adj. EBITDA $117.8M; raises FY2024 guidance

Kodiak Gas Services, Inc.

2024-Q1 EPS reported $0.39 revenue$215,492,000

Q1 total revenues $215.5M (up 13% YoY); net income $30.2M vs net loss $12.3M a year ago.
Record quarterly Adjusted EBITDA $117.8M (up 11% YoY); horsepower utilization 99.8%.
FY2024 Adjusted EBITDA guidance raised to $580-610M; DCF expected $360-390M.
Declared cash dividend of $0.38/share ($1.52 annualized).
Closed CSI Compressco acquisition on April 1, 2024, forming largest contract compression fleet.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Kodiak Gas Services, Inc. reported the quarter ended March 31, 2024 results: revenue $215.5 million, net income $30.2 million. Guidance raised.

Period: the quarter ended March 31, 2024
Revenue: $215.5 million
Net income: $30.2 million
Guidance: raised
Result: reported results

Exact text from the filing

any contribution from the Company’s acquisition of CSI Compressco (“CSI”) that closed on April 1, 2024. First Quarter 2024 Highlights • Total revenues for the quarter were $215.5 million compared to $190.1 million in the first quarter of 2023 • Core Compression Operations segment revenues increased 2% sequentially and 9% over last year’s first quarter •

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Source: SEC EDGAR

accession 0001767042-24-000028

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