Kodiak Gas Services Inc
For the period ended Jun 30, 2024. Filed Aug 13, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 13, 2024
KGS$42.26-5.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(in thousands, except share and per share data)
| For the Three Months Ended June 30, | For the Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues: | ||||
| Contract Services | $276,250 | $181,619 | $469,649 | $359,316 |
| Other Services | 33,403 | 21,687 | 55,496 | 34,102 |
| Total revenues | 309,653 | 203,306 | 525,145 | 393,418 |
| Operating expenses: | ||||
| Cost of operations (exclusive of depreciation and amortization shown below): | ||||
| Contract Services | 99,333 | 65,017 | 165,215 | 127,787 |
| Other Services | 27,936 | 18,099 | 45,620 | 27,087 |
| Depreciation and amortization | 69,463 | 45,430 | 116,407 | 90,327 |
| Selling, general and administrative | 59,927 | 13,438 | 84,751 | 26,523 |
| Gain on sale of property, plant and equipment | (1,173) | (738) | (1,173) | (721) |
| Total operating expenses | 255,486 | 141,246 | 410,820 | 271,003 |
| Income from operations | 54,167 | 62,060 | 114,325 | 122,415 |
| Other income (expenses): | ||||
| Interest expense, net | (52,133) | (73,658) | (91,873) | (142,320) |
| Gain on derivatives | 6,797 | 34,934 | 26,554 | 26,939 |
| Other income, net | 218 | 32 | 150 | 1 |
| Total other expenses, net | (45,118) | (38,692) | (65,169) | (115,380) |
| Income before income taxes | 9,049 | 23,368 | 49,156 | 7,035 |
| Income tax expense | 2,336 | 5,851 | 12,211 | 1,861 |
| Net income | 6,713 | 17,517 | 36,945 | 5,174 |
| Less: Net income attributable to noncontrolling interests | 485 | — | 485 | — |
| Net Income attributable to common shareholders | $6,228 | $17,517 | $36,460 | $5,174 |
| Earnings per share attributable to common shareholders: | ||||
| Basic net earnings per share | $0.07 | $0.30 | $0.44 | $0.09 |
| Diluted net earnings per share | $0.06 | $0.30 | $0.41 | $0.09 |
| Basic weighted average shares of common stock outstanding | 84,202,352 | 59,000,000 | 80,836,019 | 59,000,000 |
| Diluted weighted average shares of common stock outstanding | 90,669,239 | 59,000,000 | 87,238,110 | 59,000,000 |
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