Kodiak Gas Services raises 2026 guidance on record Q2 results

EarningsM&A · Partnership Impact 4
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Summary · why it matters

Kodiak Gas Services raised its full-year 2026 adjusted EBITDA, compression infrastructure gross margin, and discretionary cash flow guidance after reporting record second-quarter results. Adjusted EBITDA rose 22% year-over-year to $217 million, while revenue increased 21% to $391 million, driven by the DPS acquisition and compression infrastructure growth. The company now expects adjusted EBITDA of $830 million to $860 million, compression infrastructure adjusted gross margin of 69% to 70.5%, and discretionary cash flow of $570 million to $600 million. Kodiak also announced a multiyear gas turbine supply agreement with Baker Hughes for 1 gigawatt of turbine power by 2030, with an option to increase to 1.8 gigawatts, and executed a limited notice to proceed for a West Texas data center project leased to a hyperscaler.

Impact on stocks 3

Energy Transition & Power Demand▲ · 2 stocks
Baker Hughes Co
BKR
▲ PositiveDemandrelevance

Kodiak's multiyear gas turbine supply agreement with Baker Hughes for 1 GW of turbine power by 2030 boosts Baker Hughes' demand.

Energy▲ · 1 stocks
Kodiak Gas Services, Inc.
KGS
▲ PositiveCapitalDemandrelevance

Raises 2026 guidance on record Q2 results with adjusted EBITDA up 22% and revenue up 21%.

Theme Impact 3

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