earnings
confidence high
sentiment positive
materiality 0.75
Kodiak Gas Q2 record revenue $309.7M, Adjusted EBITDA $154.3M; raises FY guidance
Kodiak Gas Services, Inc.
2024-Q2 EPS reported
$0.41
revenue$525,145,000
- Total revenue $309.7M vs $203.3M YoY; net income $6.7M vs $17.5M YoY.
- Record quarterly Adjusted EBITDA of $154.3M, up from $107.9M in Q2 2023.
- Increased full-year 2024 Adjusted EBITDA guidance to $590-$610M from prior range.
- Quarterly dividend raised 8% to $0.41/share ($1.64 annualized); synergy estimate >$30M.
- Horsepower utilization on units >1,000 HP ~98%; 41,500 HP of new units deployed.