Kodiak Gas Services(US:KGS) The Motley Foolยท2024-08-16 12:20Core Insights - Kodiak Gas Services experienced a challenging quarter, with stock prices dropping nearly 9% following a disappointing earnings report [1] Financial Performance - Revenue for the second quarter increased by 52% year-over-year, reaching nearly $310 million, significantly surpassing the average analyst estimate of $223 million [2] - Net income fell sharply by 62%, amounting to $6.7 million, or $0.06 per share, which was below the consensus estimate of $0.34 per share [2] Strategic Developments - The company highlighted positive developments, including the completion of the acquisition of CSI Compressco, which formed the largest contract compression fleet in the industry [3] - Kodiak has raised its full-year guidance for non-GAAP (adjusted) EBITDA to a range of $590 million to $610 million for 2024, up from a previous range of $580 million to $610 million [3]