Kodiak Gas Services Inc
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 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 September 30, | For the Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues: | ||||
| Contract Services | $284,313 | $186,673 | $753,962 | $545,989 |
| Other Services | 40,334 | 44,310 | 95,830 | 78,412 |
| Total revenues | 324,647 | 230,983 | 849,792 | 624,401 |
| Operating expenses: | ||||
| Cost of operations (exclusive of depreciation and amortization shown below): | ||||
| Contract Services | 96,617 | 65,470 | 261,832 | 193,257 |
| Other Services | 32,674 | 38,820 | 78,294 | 65,907 |
| Depreciation and amortization | 73,452 | 46,087 | 189,859 | 136,414 |
| Long-lived asset impairment | 9,921 | — | 9,921 | — |
| Selling, general and administrative | 35,528 | 19,648 | 120,279 | 46,171 |
| (Gain) loss on sale of property, plant and equipment | 10,376 | — | 9,203 | (721) |
| Total operating expenses | 258,568 | 170,025 | 669,388 | 441,028 |
| Income from operations | 66,079 | 60,958 | 180,404 | 183,373 |
| Other income (expenses): | ||||
| Interest expense, net | (53,991) | (39,710) | (145,864) | (182,030) |
| Loss on extinguishment of debt | — | (6,757) | — | (6,757) |
| Gain (loss) on derivatives | (20,327) | 15,141 | 6,227 | 42,080 |
| Other income (expense), net | (156) | 38 | (6) | 39 |
| Total other expenses, net | (74,474) | (31,288) | (139,643) | (146,668) |
| Income (loss) before income taxes | (8,395) | 29,670 | 40,761 | 36,705 |
| Income tax expense (benefit) | (2,184) | 7,904 | 10,027 | 9,765 |
| Net income (loss) | (6,211) | 21,766 | 30,734 | 26,940 |
| Net income (loss) attributable to noncontrolling interests | (563) | — | (78) | — |
| Net income (loss) attributable to common shareholders | $(5,648) | $21,766 | $30,812 | $26,940 |
| Earnings (loss) per share attributable to common shareholders: | ||||
| Basic earnings (loss) per share | $(0.07) | $0.28 | $0.36 | $0.41 |
| Diluted earnings (loss) per share | $(0.07) | $0.28 | $0.33 | $0.41 |
| Basic weighted average shares of common stock outstanding | 84,292,083 | 76,731,868 | 81,774,211 | 64,954,244 |
| Diluted weighted average shares of common stock outstanding | 84,292,083 | 76,899,483 | 88,345,983 | 65,121,859 |
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