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Kodiak Gas Services Q2 Earnings Fall, Revenue Rises
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Kodiak Gas Services Q2 Earnings Fall, Revenue Rises
Aug 13, 2024 1:08 AM

03:54 AM EDT, 08/13/2024 (MT Newswires) -- Kodiak Gas Services ( KGS ) reported Q2 earnings Monday of $0.06 per diluted share, down from $0.30 a year earlier.

Two analysts surveyed by Capital IQ expected $0.49.

Revenue for the quarter ended June 30 was $309.7 million, compared with $203.3 million a year earlier.

Analysts polled by Capital IQ expected $311.4 million.

For full-year 2024, adjusted EBITDA is now projected to be between $590 million and $610 million, compared with the prior outlook of between $580 million and $610 million.

Shares of Kodiak Gas declined 2.6% in the after-market hours on Monday.

Price: 28.56, Change: -0.75, Percent Change: -2.56

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