Kodiak Gas Service misses Q3 revenue estimates

Kodiak Gas Services

04/11/2025 22:09

Overview

Kodiak Q3 revenue missed analyst expectations, adjusted EBITDA also missed

Company reported net loss of $14 mln, impacted by divestment and tax reserve expenses

Kodiak increased full-year 2025 discretionary cash flow guidance to $450-$470 mln

Outlook

Kodiak raises full-year 2025 discretionary cash flow guidance to $450 mln-$470 mln

Company maintains full-year 2025 adjusted EBITDA guidance at $700 mln-$725 mln

Kodiak expects 2025 contract services revenues between $1.16 bln and $1.2 bln

Result Drivers

CONTRACT SERVICES REVENUE - Record revenue of $297 mln driven by increased fleet utilization and deployment of new compression units

FLEET UTILIZATION - Fleet utilization increased to 97.6%, a 120 basis point increase compared to third quarter 2024

DISCRETIONARY CASH FLOW - Increased full-year 2025 discretionary cash flow guidance to $450-$470 mln

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$322.74 mln
$328.70 mln (7 Analysts)
Q3 Net Income
-$14.01 mln
Q3 Adjusted EBITDA
Miss
$174.70 mln
$176.85 mln (10 Analysts)
Q3 Free Cash Flow
$33.46 mln
Q3 Income from Operations
$64.20 mln
Q3 Operating Expenses
$258.54 mln
Q3 Pretax Profit
-$20.49 mln


Press Release: ID:nBwRZrxfa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)