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THE WOODLANDS, Texas, April 23, 2025--(BUSINESS WIRE)--Kodiak Gas Services, Inc. (NYSE: KGS), ("Kodiak" or the "Company") today announced that its board of directors has declared an increase to its quarterly cash dividend to $0.45 per share of common stock for the first quarter of 2025 (the "Common Stock Dividend"). This Common Stock Dividend represents a ten percent increase over the Common Stock Dividend declared for the fourth quarter of 2024 and will be paid on May 15, 2025 to all stockholders of record as of the close of business on May 5, 2025.
In conjunction with the Common Stock Dividend, Kodiak Gas Services, LLC ("Kodiak Services"), a subsidiary of Kodiak, has declared a distribution of $0.45 per unit for the first quarter of 2025, which will be paid on May 15, 2025 to all unitholders of record of Kodiak Services on May 5, 2025.
Mickey McKee, Kodiak’s President and Chief Executive Officer, commented "the increased dividend we announced today reflects the strength of Kodiak’s business model and stability of the cash flows it generates. This is our second dividend increase in the last twelve months and demonstrates our ongoing commitment to return capital to our shareholders."
Kodiak will release first quarter 2025 financial results on Wednesday, May 7, 2025, after the market closes. In conjunction with the release, the Company has scheduled a conference call, which will also be broadcast live over the Internet, on Thursday, May 8, 2025 at 11:00 a.m. Eastern Time (10:00 a.m. Central Time).
| What: | Kodiak Gas Services First-Quarter 2025 Earnings Conference Call | |
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| When: | Thursday, May 8, 2025 at 11:00 a.m. Eastern / 10:00 a.m. Central | |
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| How: | Live via phone – By dialing 877-407-4012 and asking for the Kodiak Gas Services call at least 10 minutes prior to the start time, or Live over the Internet – By logging onto the web at the address below | |
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A telephonic replay will be available through May 22, 2025 and may be accessed by dialing 877-660-6853 and using access code 13753388. A replay of the webcast will be available shortly after the call at https://ir.kodiakgas.com/news-events/ir-calendar for 180 days.
About Kodiak
Kodiak is a leading contract compression services provider in the United States, serving as a critical link in the infrastructure that enables the safe and reliable production and transportation of natural gas and oil. Headquartered in The Woodlands, Texas, Kodiak provides contract compression and related services to oil and gas producers and midstream customers in high–volume gas gathering systems, processing facilities, multi-well gas lift applications and natural gas transmission systems.