Kodiak Gas Services reported second quarter 2026 revenue of $391.1 million, exceeding analyst estimates of $386.3 million, driven by record compression infrastructure performance. While EPS of $0.53 missed the $0.69 expectation, the company demonstrated strong operational momentum by increasing its full-year 2026 Adjusted EBITDA guidance and securing significant new contracts in the data center power market.
Key Highlights
- Total revenue reached $391.1 million, led by record Compression Infrastructure segment revenue of $315.1 million, up 7.4% year-over-year.
- Full-year 2026 Adjusted EBITDA guidance was raised to a range of $830 million to $860 million, up from previous levels.
- Compression Infrastructure fleet utilization improved to 98.2%, while the newly formed Power Infrastructure segment achieved 89.6% utilization in its first full quarter post-acquisition.
- The company announced a multi-year gas turbine order for one gigawatt of capacity to be delivered by 2030, specifically targeting AI-driven data center and energy microgrid demand.
- Quarterly discretionary cash flow hit a record $163.3 million, a 40.2% increase compared to the second quarter of 2025.