Kodiak Gas Services, Inc. (KGS) Q3 FY2026 earnings

Reported results

• Compression Infrastructure segment revenues were $318.4 million.
• Net income attributable to common shareholders was $71.5 million, or $0.70 per diluted share.
• Non-GAAP adjusted net income attributable to common shareholders was $71.5 million, or $0.70 per diluted share.
• Non-GAAP adjusted EBITDA was $224.5 million.
• Quarterly net cash provided by operating activities was $196.3 million.
• Non-GAAP discretionary cash flow was $158.5 million.

Guidance

• Full year 2026 non-GAAP Adjusted EBITDA is expected to be in the range of $840 million to $860 million.
• Full year 2026 non-GAAP discretionary cash flow is expected to be in the range of $580 million to $600 million.
• Full year 2026 Compression Infrastructure revenue is expected to be between $1,255,000 thousand and $1,275,000 thousand.
• Full year 2026 non-GAAP Compression Infrastructure adjusted gross margin percentage is expected to be 69.5% to 70.5%.
• Full year 2026 Power Infrastructure revenue is expected to be between $100,000 thousand and $120,000 thousand.
• Full year 2026 Total Growth capital expenditures are expected to be between $640,000 thousand and $710,000 thousand.

Notes

Following the acquisition of DPS, the Company established a new Power Infrastructure segment to represent its distributed power generation operations and renamed its Contract Services segment as Compression Infrastructure.

Price and volatility reaction

The stock moved +7.2% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -2.1 vol points across the event (constant-maturity series — not the front-week crush).

Source

The figures above come from the earnings release the company filed with the SEC on 2026-11-09 (8-K, Item 2.02). Read the original filing on sec.gov.