Kodiak Gas Services, Inc. (KGS) Financials
Key financial figures for Kodiak Gas Services, Inc. (Q3 2026).
Kodiak reported record adjusted EBITDA of $224.5 million, up 28.5% from Q3 2025, and raised full-year 2026 adjusted EBITDA guidance to $840 million to $860 million. Total revenues were $401.8 million, up 24.5% from $322.7 million in Q3 2025 (calculated from the release's figures) and up from $391.1 million in Q2 2026. The Power Infrastructure segment, created after the April 1, 2026 DPS acquisition, contributed $42.0 million, up 27.6% from Q2 2026. Net income attributable to common shareholders was $71.5 million, or $0.70 per diluted share, with no adjustments, so adjusted diluted EPS was also $0.70 against $0.36 in Q3 2025, a quarter that carried a $33.3 million loss on disposal of the Mexico business and a $28.0 million sales tax reserve charge. On the outlook: Full-year 2026 guidance raised: adjusted EBITDA $840 million to $860 million (previously $830 million to $860 million) and discretionary cash flow $580 million to $600 million (previously $570 million to $600 million). Segment ranges: Compression Infrastructure revenue $1,255 million to $1,275 million (previously $1,250 million to $1,280 million) at a 69.5% to 70.5% adjusted gross margin (previously 69.0% to 70.5%); Power Infrastructure revenue $100 million to $120 million (previously $95 million to $125 million) at 65.0% to 70.0% (previously 60.0% to 70.0%); Other Services revenue $125 million to $160 million (unchanged) at 12.0% to 15.0% (previously 13.0% to 16.0%). Growth capital expenditures $640 million to $710 million (previously $680 million to $750 million), with Power Infrastructure cut to $350 million to $400 million (previously $400 million to $450 million) on equipment delivery timing and Compression Infrastructure raised to $290 million to $310 million (previously $280 million to $300 million). Maintenance capital expenditures $80 million to $90 million and other capital expenditures $45 million to $55 million, both unchanged. Figures are for Q3 2026, as Kodiak Gas Services, Inc. reported them.
- Revenue
- $402M
- Net Income
- $72M
- EPS
- $0.70
- Total Assets
- $5.6B
- Operating Cash Flow
- $196M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $402M | $72M | $0.70 | 34.47% | -$29M |
| Q2 FY2026 | $391M | $52M | $0.53 | 31.76% | -$101M |
| Q1 FY2026 | $346M | $18M | $0.20 | 33.68% | -$47M |
| Q4 FY2025 | $333M | $25M | $0.30 | 31.14% | $142M |
| Q3 FY2025 | $323M | -$14M | -$0.17 | 32.21% | $11M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $1.3B | $81M | $0.89 | 31.69% | $284M |
| FY2024 | $1.2B | $50M | $0.56 | 21.52% | -$9M |
| FY2023 | $850M | $20M | $0.29 | 28.71% | $47M |
Frequently asked questions
What was Kodiak Gas Services, Inc.'s revenue last quarter?
Kodiak Gas Services, Inc. reported revenue of $401.8 million for Q3 FY2026, up 24.5% from the same period a year earlier.
Is Kodiak Gas Services, Inc. profitable?
Yes. Kodiak Gas Services, Inc. reported net income of $71.5 million for Q3 FY2026, a net margin of 17.8% on revenue.
How has Kodiak Gas Services, Inc.'s margin trended?
Operating margin was 34.47% in Q3 FY2026, compared with 32.21% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Kodiak Gas Services, Inc. generate?
Kodiak Gas Services, Inc. generated free cash flow of -$29.4 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Kodiak Gas Services, Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.