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Kodiak Gas Services KGS Contract Services — CapEx

Discontinued — last reported Q1 '26

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$118.01M
Compression Infrastructure
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Other Services
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Other financials

Income statement

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Revenue$391.1M+21.1%
Gross profit$246.8M+18.9%
Operating income$124.2M+24.6%
Net income$52.0M+31.6%
EPS (diluted)$0.53+23.3%

Balance sheet

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Cash & equivalents$137.6M+2,434%
Total debt$2.8B+8.7%
Total equity$2.2B+60.5%
Total assets$5.5B+25.7%

Cash flow

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Operating cash flow$99.5M-43.9%
CapEx$200.2M+142%
Free cash flow-$100.7M-207%

Valuation

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Market cap$5.84B+108%
Enterprise value$8.52B+57.9%
P/E72.6×+38.9×
P/S4.2×+2.0×

Profitability

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Gross margin63.8%+2.0pp
Operating margin27.4%+2.3pp
Net margin5.8%-0.7pp
FCF margin0.4%

Returns & leverage

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Return on equity4.6%-1.4pp
Debt / equity1.3×-0.6×
Current ratio1.4×+0.3×

Where this comes from

Reported directly by Kodiak Gas Services in its filing.

Tagged under the XBRL concept us-gaap:SegmentExpenditureAdditionToLongLivedAssets.

The source filing: Kodiak Gas Services’s 10-Q, filed May 11, 2026.

Filed
May 11, 2026, 4:01 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001767042-26-000043
(in thousands) / Three Months Ended March 31, 2026Contract ServicesOther ServicesTotal
Cost of operations (exclusive of depreciation and amortization)90,25932,619122,878
Adjusted gross margin216,7266,155222,881
Total assets4,458,71835,9244,494,642
Capital expenditures (1)118,370118,370
Three Months Ended March 31, 2025
Revenue$288,956$40,686$329,642
Cost of operations (exclusive of depreciation and amortization)93,23535,226128,461
Adjusted gross margin195,7215,460201,181

Item 1. Financial Statements (Unaudited)

FAQ

What is Kodiak Gas Services's contract services — capex?
Kodiak Gas Services (KGS) reported contract services — capex of $118.37M in Q1 2026.
How has Kodiak Gas Services's contract services — capex changed year-over-year?
Kodiak Gas Services's contract services — capex increased by 52.6% year-over-year, from $77.55M to $118.37M.
What is the long-term trend for Kodiak Gas Services's contract services — capex?
Over 3 years (2022 to 2025), Kodiak Gas Services's contract services — capex has grown at a 6.7% compound annual growth rate (CAGR), from $259.35M to $315.47M.
What does contract services — capex mean?
This metric tracks the cash outflows used to acquire, maintain, or upgrade physical assets within the contract services segment. It is a critical indicator of the company's investment in growth, fleet expansion, and the maintenance of existing compression infrastructure. Consistent capital investment is essential for sustaining long-term service capacity and competitive positioning.

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