Kodiak Gas Services Inc

For the period ended Sep 30, 2024. Filed Nov 7, 2024.

About this filing

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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Contents

Condensed Consolidated Statements of Stockholders’ Equity

(in thousands, except share data)

Common Shares · Preferred Shares · Additional Paid- In Capital · Treasury Shares · Retained Earnings · Noncontrolling Interest · Total Stockholders’ Equity
Shares · Amount · Shares · Amount · Shares · Amount
Balance, January 1, 2023	59,000,000	$590			—			$—			$33,189			—			$—			$195,314			$—			$229,093
Equity compensation - profits interests	—	—			—			—			(193)			—			—			879			—			686
Net loss	—	—			—			—			—			—			—			(12,343)			—			(12,343)
Balance, March 31, 2023	59,000,000	$590			—			$—			$32,996			—			$—			$183,850			$—			$217,436
Distribution to parent	—	—			—			—			(33,189)			—			—			(9,111)			—			(42,300)
Equity compensation	—	—			—			—			193			—			—			29			—			222
Net income	—	—			—			—			—			—			—			17,517			—			17,517
Balance, June 30, 2023	59,000,000	$590			—			$—			$—			—			$—			$192,285			$—			$192,875
Proceeds from initial public offering, net of underwriter discount	18,400,000	184			—			—			277,656			—			—			—			—			277,840
Offering costs	—	—			—			—			(10,823)			—			—			—			—			(10,823)
Debt novation	—	—			—			—			687,590			—			—			—			—			687,590
Equity compensation - profits interests	—	—			—			—			—			—			—			502			—			502
Equity compensation - Omnibus Plan	—	—			—			—			2,042			—			—			—			—			2,042
Net income	—	—			—			—			—			—			—			21,766			—			21,766
Balance, September 30, 2023	77,400,000	$774		—		$—		$956,465		—		$—		$214,553		$—		$1,171,792
Balance, January 1, 2024	77,400,000	$774			—			$—			$963,760			—			$—			$178,119			$—			$1,142,653
Equity compensation - profits interests, net of forfeitures	—	—		—			—			—			—			—			161			—			161
Equity compensation - Omnibus Plan, net of forfeitures	—	—		—			—			2,687			—			—			—			—			2,687
Offering costs	—	—		—			—			(421)			—			—			—			—			(421)
Dividends and dividends equivalents paid to stockholders ($0.38 per common share)	—	—		—			—			—		—			—		(30,052)			—			(30,052)
Restricted Stock Units vested under the Omnibus Plan, net of 14,698 shares withheld for taxes	34,577		—			—			—			(294)			—			—			—			—			(294)
Net income	—	—		—			—			—		—			—		30,232			—			30,232
Other	—		—			—			—			—			—			—			7			—			7
Balance, March 31, 2024	77,434,577	$774			—			$—			$965,732			—			$—			$178,467			$—			$1,144,973
Issuance of common shares for business acquisition	6,785,712		68			—			—			188,099			—			—			—			—			188,167
Issuance of preferred shares and noncontrolling interest for business acquisition	—		—			5,562,273			56			(124)			—			—			—			154,186			154,118
Equity compensation - profits interests, net of forfeitures	—		—			—			—			—			—			—			21			—			21
Equity compensation - Omnibus Plan, net of forfeitures	—		—			—			—			4,963			—			—			—			327			5,290
Offering costs	—		—			—			—			(741)			—			—			—			—			(741)
Dividends and dividends equivalents paid to stockholders ($0.38 per common share)	—		—			—			—			—			—			—			(32,796)			—			(32,796)
Restricted Stock Units vested under the Omnibus Plan, net of 13,592 shares withheld for taxes	92,071		1			—			—			(104)			—			—			—			—			(103)
Distributions to noncontrolling interest	—		—			—			—			—			—			—			—			(2,460)			(2,460)
Net income	—		—			—			—			—			—			—			6,228			485			6,713
Other	—		—			—			—			(90)			—			—			300			(9)			201
Balance, June 30, 2024	84,312,360		$843			5,562,273			$56			$1,157,735			—			$—			$152,220			$152,529			$1,463,383
Equity compensation - profits interests, net of forfeitures	—		—			—			—			—			—			—			21			—			21
Equity compensation - Omnibus Plan, net of forfeitures	—		—			—			—			3,641			—			—			—			243			3,884
Dividends and dividends equivalents paid to stockholders ($0.41 per common share)	—		—			—			—			—			—			—			(35,297)			—			(35,297)
Restricted Stock Units vested under the Omnibus Plan, net of 79,205 shares withheld for taxes	197,252		2			—			—			(2,371)			—			—			—			—			(2,369)
Net effect on deferred taxes and taxes payable related to the vesting of restricted stock	—		—			—			—			418			—			—			—			—			418
Repurchase of common shares	—		—			—			—			—			1,000,000			(25,000)			—			—			(25,000)
Distributions to noncontrolling interest	—		—			—			—			—			—			—			—			(2,421)			(2,421)
Net loss	—		—			—			—			—			—			—			(5,648)			(563)			(6,211)
Other	—		—			—			—			8			—			—			(82)			58			(16)
Balance, September 30, 2024	84,509,612		$845			5,562,273			$56			$1,159,431			1,000,000			$(25,000)			$111,214			$149,846			$1,396,392

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.