11:34 AM EDT, 08/13/2024 (MT Newswires) -- (Updates with latest stock movement in the headline and first paragraph.)

Kodiak Gas Services ( KGS ) shares fell more than 9% in recent trading Tuesday, a day after reporting lower Q2 earnings.

The company reported Q2 earnings late 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.

Price: 26.60, Change: -2.72, Percent Change: -9.26