Kodiak Gas Services reports Q3 results
Kodiak Gas Services press release (NYSE:KGS): Q3 Revenue of $324.6M (+40.5% Y/Y). Contract Services segment revenue and Adjusted Gross Margin Percentage were $284.3 million and 66.0%, respectively Net loss of $6.2 million included a $9.9 million long-lived asset impairment, a $10.4 million loss on asset sales and a $20.3 million non-cash, mark-to-market loss on interest rate hedges Record quarterly Adjusted EBITDA of $168.4 million Raised full-year 2024 Adjusted EBITDA guidance to a range of $600 to $610 million, a $10 million increase to the low end of the range 2025 Early Outlook Providing full-year 2025 Adjusted EBITDA early outlook range of $675 to $725 million
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