Core Insights - EQT has fully exited its investment in Kodiak Gas Services, marking the end of a nearly seven-year partnership that supported Kodiak's growth into a leading contract compression company in North America [1][8] Company Overview - Kodiak Gas Services, founded in 2011 and headquartered in Houston, provides essential compression equipment and services for the transportation of natural gas across the U.S. energy value chain [2] - The company operates a high-horsepower fleet that serves major producers and midstream operators in North America's low-cost basins, playing a crucial role in meeting U.S. energy needs and enhancing domestic energy security [3] Investment Impact - Since EQT's initial investment in 2019, Kodiak has transformed significantly, with revenue and EBITDA increasing by over 8 times, and headcount growing by more than 400% to over 1,300 employees [4][5] - Kodiak has expanded its operations into new markets across North America and successfully listed on the New York Stock Exchange in 2023 [5] Strategic Developments - During EQT's investment period, Kodiak completed multiple strategic acquisitions, invested in digital tools to optimize performance and reduce emissions, and launched its first sustainability report, now operating one of the lowest emission fleets in the U.S. compression market [4][5] - The exit from Kodiak demonstrates EQT's commitment to building sustainable businesses through operational excellence and hands-on value creation [8]

Core Insights - Cook Compression, a part of Dover Precision Components, has opened a new service center in Corpus Christi, Texas, aimed at enhancing local support for compressor maintenance and performance [1][3] - The facility will provide repair, refurbishment, and replacement services for various compressor components, leveraging global engineering resources to improve equipment availability and performance [2][4] Company Overview - Cook Compression specializes in engineered solutions to enhance the reliability and performance of reciprocating compressors, offering a range of components and services [5] - The company is part of Dover Precision Components, which provides performance-critical solutions across multiple industries, including oil & gas and power generation [6] Strategic Importance - The Corpus Christi center is strategically located to serve the Eagle Ford Shale region, expanding Cook Compression's global network of service facilities dedicated to compressor performance improvements [3] - The new center aims to provide localized expert support, making it easier for operators to access high-quality service [3][4] Operational Excellence - Cook Compression's service centers are staffed with experienced sales and technical specialists, ensuring state-of-the-art machinery and refined procedures [4] - The company has over a century of experience in the gas compression industry, emphasizing its commitment to quality and service [4] Financial Context - Dover, the parent company of Cook Compression, reported annual revenue exceeding $7 billion, indicating a strong financial position and capacity for continued investment in service and infrastructure [7]