Kodiak Gas Reports Strong Q3, Boosts Full-Year Outlook

Kodiak Gas Services Reports Soaring Q3 2025 Earnings, Boosts Full-Year Outlook Amidst Strong Market Demand

Houston, TX – October 14, 2025 – Kodiak Gas Services, a leading provider of natural gas contract compression services, announced a robust financial performance for the third quarter of 2025, significantly exceeding previous estimates and raising its full-year guidance for discretionary cash flow. The Houston-based company reported impressive revenue growth, solid net income, and strong operational metrics, reflecting healthy demand in the energy sector.

For the quarter ending September 30, 2025, Kodiak posted revenues of $220.3 million, an 11% increase from the second quarter of 2025. Net income reached $32.4 million, translating to $0.74 per diluted share. Key profitability indicators also demonstrated strength, with Adjusted EBITDA climbing to $140.1 million and Discretionary Cash Flow (DCF) hitting $106.3 million, marking a 12% rise over the prior quarter.

Operationally, Kodiak maintained an impressive fleet utilization rate of 98%, underscoring efficient asset management and consistent demand for its services. The company’s operating horsepower stood at 3.5 million as of September 30, 2025, with plans to expand its fleet by over 100,000 horsepower by the close of fiscal year 2025. “Our exceptional third-quarter results and improved financial projections are a direct testament to our team’s strong execution and the increasing demand for our critical compression services,” stated Marlon Young, CEO of Kodiak Gas Services. “We are committed to delivering reliable, efficient solutions to our clients while driving significant value for our shareholders.”

Building on this momentum, Kodiak has revised its full-year 2025 guidance for Discretionary Cash Flow upward to a range of $400 million to $420 million, a notable increase from the previously estimated $380 million to $400 million. Other full-year projections remain firm, with revenue expected between $860 million and $880 million and Adjusted EBITDA reaffirmed at $540 million to $560 million.

Headquartered in Houston, Texas, Kodiak Gas Services specializes in providing natural gas contract compression services to exploration and production (E&P) companies, midstream operators, and other energy infrastructure providers across major producing basins in the United States. As a vital component of the natural gas supply chain, Kodiak’s services ensure the efficient movement of natural gas from the wellhead to processing facilities and pipelines, playing a crucial role in the nation’s energy infrastructure.

The strong performance comes amidst a resilient natural gas market, characterized by steady domestic consumption, growing liquefied natural gas (LNG) export demand, and ongoing investment in midstream infrastructure. Analysts point to these macro trends as supportive tailwinds for companies like Kodiak, which provide essential services enabling the continued flow and processing of natural gas.

Market observers are likely to view Kodiak’s updated guidance and strong operational metrics positively. Analysts following the energy services sector indicate that the upward revision in DCF guidance suggests robust cash generation capabilities and potential for further shareholder returns, reinforcing the company’s position as a leader in its segment.

For more details on the earnings report, investors can visit the company’s investor relations page at ir.kodiakgas.com.