Kodiak Gas Services, Inc.
For the period ended Jun 30, 2026. Filed Aug 7, 2026.
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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, 2026 · Filed Aug 7, 2026
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Cautionary Note Regarding Forward-Looking Statements
This Quarterly Report on Form 10-Q (this “Report”) contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding:
Expected operating results, such as revenue growth and earnings, including the integration of acquired businesses and assets into our operations, and our ability to service our indebtedness;
Anticipated levels of capital expenditures and uses of capital;
Current or future volatility in the credit markets and future market conditions;
Potential or pending acquisition transactions or other strategic transactions, the timing thereof, the receipt of necessary approvals to close such acquisitions, our ability to finance such acquisitions, and our ability to achieve the intended operational, financial, and strategic benefits from any such transactions;
Expectations of the effect on our financial condition of claims, litigation, environmental costs, contingent liabilities, and governmental and regulatory investigations and proceedings;
Production and capacity forecasts for the natural gas and oil industry;
Strategy for customer retention, growth, fleet maintenance, market position and financial results;
Interest rate hedges; and
Strategy for risk management.
Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not place undue reliance on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following:
A reduction in the demand for natural gas and oil;
The loss of, or the deterioration of the financial condition of, any of our key customers;
Nonpayment and nonperformance by our customers, suppliers or vendors;
Competitive pressures that may cause us to lose market share;
Our ability to successfully integrate any acquired businesses, including Distributed Power Solutions, LLC (“DPS”), and realize the expected benefits thereof in the expected timeframe or at all;
Our ability to source and fund purchases of additional compression and power generation equipment;
Our ability to obtain, perform under and maintain strategic agreements and relationships;
Changes in the distributed power industry, including any decreases in the demand for electricity and distributed power as a result of development of alternative power generation technologies, changes in the availability of grid power, or otherwise;
Hazards customary to the operation of high voltage transmission and distribution systems;
Risks associated with our diversification into new lines of business, including distributed power generation, and our limited operating experience in that business;
A deterioration in general economic, business, geopolitical or industry conditions, including as a result of the conflict between Russia and Ukraine, the conflict and potential regime change in Iran and the associated disruption to the Strait of Hormuz as well as other hostilities in the Middle East and developments between the United States and Venezuela, and slower economic growth in the United States;
A downturn in the economic environment, as well as continued inflationary pressures;
The outcome of any pending internal review or any future related government enforcement actions;
Tax legislation and the impact of changes to applicable tax laws, and administrative initiatives or challenges to our tax positions;
The loss of key management, operational personnel or qualified technical personnel;
Our dependence on a limited number of suppliers;
The cost of compliance with existing and new governmental regulations, as well as the associated uncertainty given the current U.S. federal government administration;
Changes in trade policies and regulations, including increases or changes in duties, current and potentially new tariffs or quotas and other similar measures, as well as the potential direct and indirect impact of retaliatory tariffs and other actions;
The cost of compliance with regulatory initiatives and stakeholders’ pressures, including sustainability and corporate responsibility;
The inherent risks associated with our operations, such as equipment defects and malfunctions;
Our reliance on third-party components for use in our information technology (“IT”) systems;
Legal and reputational risks and expenses relating to the privacy, use and security of employee and client information;
Threats of cyber attacks or terrorism;
Agreements that govern our debt contain features that may limit our ability to operate our business and fund future growth and also increase our exposure to risk during adverse economic conditions;
Volatile and/or elevated interest rates and associated central bank policy actions;
Our ability to access the capital and credit markets or borrow on affordable terms (or at all) to obtain additional capital that we may require;
Major natural disasters, severe weather events or other similar events that could disrupt operations;
Unionization of our labor force, labor interruptions and new or amended labor regulations;
Renewal of insurance;
The effectiveness of our disclosure controls and procedures; and
Such other factors set forth in Part I, Item 1A, “Risk Factors” of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section of this Report.
Any forward-looking statement made by us in this Report is based only on information currently available to us and speaks only as of the date on which it is made. Except as may be required by applicable law, we undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.