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Kodiak Gas Services Announces Pricing of Underwritten Offering of 10,000,000 Shares of Common Stock by Selling Stockholder
Businesswire· 2025-11-12 14:18
Core Viewpoint - Kodiak Gas Services, Inc. has announced the pricing of an underwritten offering of 10,000,000 shares of common stock at a price of $33.60 per share, with no proceeds going to the company from this sale [1][8]. Offering Details - The offering is being conducted by Frontier TopCo Partnership, L.P., an affiliate of EQT Infrastructure III and EQT Infrastructure IV [1]. - Kodiak will not sell any shares in the offering and will not receive any proceeds from the sale [1]. - The offering is expected to close on November 13, 2025, subject to customary closing conditions [1]. Share Repurchase - Kodiak has agreed to purchase 1,000,000 shares from the underwriter at the same price per share as the offering [2]. - The share repurchase is conditioned upon the closing of the offering but is not dependent on the offering's completion [2]. Underwriter Information - Goldman Sachs & Co. LLC is acting as the underwriter for the offering [3]. - The offering is being made through a prospectus supplement and accompanying base prospectus filed with the SEC [3]. Company Overview - Kodiak is a leading provider of contract compression services in the United States, facilitating the production and transportation of natural gas and oil [5]. - The company is headquartered in The Woodlands, Texas, and serves oil and gas producers as well as midstream customers [5].
Kodiak Gas Services Clarifies Third Quarter 2025 Earnings Call Timing
Businesswire· 2025-11-05 04:12
Core Points - Kodiak Gas Services, Inc. will host a conference call on November 5, 2025, to discuss its third quarter 2025 financial results [1][2] - The company reported record revenues of $297.0 million in its Contract Services segment for the third quarter of 2025 [6] - Kodiak has increased its cash dividend to $0.49 per share for the third quarter of 2025, payable on November 13, 2025 [7] Company Overview - Kodiak Gas Services is a leading provider of contract compression services in the United States, facilitating the production and transportation of natural gas and oil [3] - The company is headquartered in The Woodlands, Texas, and serves oil and gas producers as well as midstream customers [3] Financial Highlights - The company has increased its full-year 2025 guidance for discretionary cash flow [6] - Kodiak's subsidiary has priced an additional $200 million in senior unsecured notes, including $170 million of 6.500% notes due 2033 and $30 million of 6.750% notes due 2035 [8][10]