Quarterly ResultMay 11, 2026, 06:12 AM
Kodiak Gas Services Q1 Adj. EBITDA $190.1M; Raises 2026 Guidance
AI Summary
Kodiak Gas Services reported strong first quarter 2026 financial results, including record contract services revenue and adjusted EBITDA. The company also increased its full-year 2026 guidance to incorporate the recently acquired Distributed Power Solutions business. Furthermore, Kodiak announced the procurement of over 260 megawatts of additional power generation capacity, with expectations for significant annual growth through 2030.
Key Highlights
- Increased full-year 2026 Adjusted EBITDA guidance to a range of $820 million to $860 million.
- Procured over 260 MWs of additional power generation capacity, with a target of over two gigawatts by 2030.
- Reported record Q1 2026 Adjusted EBITDA of $190.1 million, a 7.0% increase compared to Q1 2025.
- Achieved record Contract Services segment revenues of $307.0 million.
- Net income was $17.8 million, or $0.20 per diluted share; adjusted net income was $52.0 million, or $0.59 per adjusted diluted share.
- Quarterly net cash provided by operating activities was $71.2 million, with record discretionary cash flow of $126.5 million, up 9.0% compared to Q1 2025.
- Issued $1 billion of senior unsecured notes, reducing the weighted average borrowing rate and bolstering liquidity.
- Total debt outstanding was $2.8 billion as of March 31, 2026.