KGS at a glance
Kodiak Gas Services, Inc. (KGS, SEC CIK 1767042) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on September 28, 2026 and Form 4 insider filings as recently as October 6, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Kodiak Gas Services, Inc. (KGS) reported revenue of $1.3 billion (up 12.8% from FY2024) and net income of $80.5 million. Diluted EPS was $0.89.
- As of June 30, 2026, 33 institutional investment managers tracked by SignalX reported holding Kodiak Gas Services, Inc. (KGS) shares worth $4.5 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by McKee Robert Michael on October 5, 2026 of 2,666 shares at $53.95 per share.
- In the last 90 days, KGS insiders reported 0 open-market purchases ($0) and 9 open-market sales ($1.5M) on Form 4, a net sale of $1.5M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $1.3B
- +12.8% vs prior year
- Insiders · 90 days
- 0 buys · 9 sells
- Net −$1.5M
- 13F holders
- 33 funds
- $4.5B · +0 vs prior quarter
- Latest 8-K
- Sep 28, 2026
- Current report
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Operator of large horsepower contract compression infrastructure supporting natural gas/oil production and transport in key U.S. regions
- New emphasis on electric motor driven compression deployment under long-term fixed-revenue contracts to reduce emissions intensity
- Strategic positioning as market leader in Permian Basin with 82.8% assets deployed there and Eagle Ford Shale, focusing on customer-centric long-term contractual relationships
- Fleet comprised of 4.5 million total horsepower with 80% classified as large horsepower units (>1,000 HP); four largest customers represent ~32% revenue
- FY 2026 distinctive milestone: Completion of IPO July 3, 2023, with stock listed on NYSE under ticker "KGS"
Risk Factors
- Regulatory risk from One Big Beautiful Bill Act 2025 impacting U.S. tax law and permanently reinstating full expensing of qualified capital expenditures
- Geopolitical exposure: 82.8% of compression assets deployed in Permian Basin and Eagle Ford Shale, subject to U.S. Gulf Coast LNG export growth and related energy policies
- Operational vulnerability from Texas Comptroller sales tax audit settlement, incurring $28.0 million in interest and penalties in 2025
- Competitive risk from customer shift to electric compression infrastructure, requiring adaptation amid some customers' emission reduction initiatives
- Financial risk from $2.6 billion long-term debt maturing between 2029 and 2035 with $211.2 million purchase commitments mostly due within 12 months
Management Discussion & Analysis
- Concentrated operations in Permian Basin and Eagle Ford Shale, vulnerable to regional disruptions and supply-demand shifts
- Significant sales tax settlement of $28.0 million with Texas Comptroller impacting financial condition
- Acquisition of Distributed Power Solutions, LLC pending, with risks including integration costs and failure to achieve synergies
- Key risks: customer contract cancellations (9.0% month-to-month), competition, supply chain disruptions, and tightening environmental regulations
AI summary of the KGS 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Q2 revenue $391.1M, up 21.1% YoY from $322.8M
- Q2 operating margin 31.8% vs 30.9% YoY
- Best segment Other Services revenue $43.1M, up 47.1% YoY
- Q2 net income $52.1M, up 30.4% YoY from $40.0M
- Liquidity $1.7B, including $137.6M cash and $1.6B ABL availability
Risk Factors
- New power-systems risk triggered by distributed-power expansion: long sales cycles, equipment lead times, and limited generation availability
- Most material update: grid access could displace distributed power as utility projects and transmission networks become available
- Regulatory risk from diversification: new distributed-power operations expose Kodiak to previously inapplicable laws and compliance requirements
- Operational risk: inadequate power-load management could cause customer downtime and supply disruptions
- Financial risk: advance equipment commitments could increase working-capital needs and create stranded assets or impairment charges
AI summary of the KGS 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item EX-99.1: Item EX-99.1
- DPS acquisition closed April 1, 2026 for $587.3M cash plus 2,401,278 Kodiak shares
- Pro forma revenue $766.5M and net income attributable to common shareholders $72.9M for six months ended June 30, 2026
Item 5.03: Amendments to Articles of Incorporation or Bylaws
- Series A Preferred Stock designation eliminated effective September 28, 2026
- No Series A shares outstanding or available for future issuance
Item 7.01: Regulation FD Disclosure
- Quarterly cash dividend of $0.49 per common share, payable August 27, 2026
- August 17, 2026 record date for eligible common shareholders
AI summaries of KGS 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for KGS
Don't miss the next KGS filing
- Alerts as it files. A push when KGS files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut KGS, by share count.
- Ask anything. An AI agent that reads every KGS filing and answers with sources.
KGS alerts on your phone. Follow it in the SignalX Android app.
Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| McKee Robert Michael | Sell | Oct 5, 2026 | 2,666 | $53.95 |
| Buhigas Pedro R. | Sell | Sep 16, 2026 | 3,663 | $58.14 |
| Hamilton Ewan William | Sell | Sep 14, 2026 | 2,729 | $61.85 |
| Lenamon William Chad | Sell | Sep 11, 2026 | 1,000 | $63.21 |
| Lenamon William Chad | Sell | Sep 11, 2026 | 1,000 | $63.21 |
| Green Steven Lee | F | Sep 8, 2026 | 1,857 | $64.14 |
| McKee Robert Michael | Sell | Sep 1, 2026 | 5,999 | $59.31 |
| McKee Robert Michael | Sell | Aug 19, 2026 | 6,008 | $62.39 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $1.2B | $1.3B |
| Operating Income | $244.1M | $249.4M | $340.0M |
| Net Income | - | $49.9M | $80.5M |
| Op. Margin | - | 21.5% | 26.0% |
| Net Margin | - | 4.3% | 6.2% |
| Balance Sheet | |||
| Total Assets | $3.2B | $4.4B | $4.3B |
| Equity | $1.1B | $1.4B | $1.2B |
| ROE | - | 3.6% | 6.7% |
| Per Share | |||
| EPS | - | $0.56 | $0.89 |
| Cash Flow | |||
| Operating CF | - | $328.0M | $599.7M |
| CapEx | $219.8M | $337.0M | $315.5M |
Source: XBRL data in Kodiak Gas Services, Inc. (KGS)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate KGS share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 33 | $4.50B |
| Q1 2026 | 33 | $3.13B |
| Q4 2025 | 27 | $2.11B |
| Q3 2025 | 28 | $1.76B |
| Q2 2025 | 27 | $1.12B |
| Q1 2025 | 24 | $895.7M |
| Q4 2024 | 21 | $768.8M |
| Q3 2024 | 16 | $221.6M |
- BlackRock+2.89M (+24%)
- Vanguard Portfolio Management LLC+2.20M (+114%)
- T. Rowe Price Group+985.4K (+48%)
- State Street Corp+693.7K (+20%)
- Vanguard Capital Management LLC+660.0K (+18%)
- Citadel Advisors LLC−727.5K (-38%)
- Dimensional Fund Advisors−581.3K (-19%)
- Renaissance Technologies LLC−531.5K (-63%)
- FMR LLC (Fidelity)−490.8K (-11%)
- Goldman Sachs Group−368.7K (-17%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 209 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
KGS filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 6, 2026 | - | - | - |
| 8-K | Sep 28, 2026 | - | Analysis | - |
| 8-K | Sep 28, 2026 | - | Analysis | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 15, 2026 | - | - | - |
| 4 | Sep 11, 2026 | - | - | - |
| 4 | Sep 9, 2026 | - | - | - |
| 4 | Sep 2, 2026 | - | - | - |
| 4 | Aug 20, 2026 | - | - | - |
| 4 | Aug 12, 2026 | - | - | - |
| 10-Q | Aug 7, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 6, 2026 | - | Analysis | - |
| 8-K | Aug 6, 2026 | - | Analysis | - |
| 4 | Jul 13, 2026 | - | - | - |
| 4 | Jul 8, 2026 | - | - | - |
| 4 | Jul 7, 2026 | - | - | - |
| 4 | Jul 7, 2026 | - | - | - |
| 4 | Jul 7, 2026 | - | - | - |
| 4 | Jul 7, 2026 | - | - | - |
| 4 | Jul 7, 2026 | - | - | - |
| 4 | Jul 7, 2026 | - | - | - |
| 4 | Jun 17, 2026 | - | - | - |
| 4 | Jun 16, 2026 | - | - | - |
| 4 | Jun 11, 2026 | - | - | - |
| 8-K | May 15, 2026 | - | Analysis |
Related Energy companies
- AROC · Archrock, Inc.Natural Gas Transmission
- KMI · Kinder MorganNatural Gas Transmission
- KNTK · Kinetik Holdings Inc.Natural Gas Transmission
- SMC · Summit Midstream CorpNatural Gas Transmission
- TRGP · Targa ResourcesNatural Gas Transmission
- WMB · Williams CompaniesNatural Gas Transmission
- AMR · Alpha Metallurgical Resources, Inc.Bituminous Coal & Lignite Surface Mining
- APA · APA CorporationCrude Petroleum & Natural Gas
KGS SEC filings: frequently asked questions
Are KGS insiders buying or selling?
In the last 90 days, Kodiak Gas Services, Inc. (KGS) officers, directors and 10% owners reported no open-market purchases and 9 open-market sales worth $1.5 million by 4 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold KGS stock?
As of June 30, 2026, the largest Kodiak Gas Services, Inc. (KGS) holders among the 13F filers tracked by SignalX were BlackRock ($1.1 billion), Invesco Ltd ($605.4 million), Vanguard Capital Management LLC ($329.3 million), Vanguard Portfolio Management LLC ($310.1 million), State Street Corp ($310.0 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was KGS's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Kodiak Gas Services, Inc. (KGS) reported revenue of $1.3 billion (up 12.8% from FY2024) and net income of $80.5 million. Diluted EPS was $0.89. The figures come from the XBRL data in the 10-K.
What are the main risks in KGS's latest 10-K?
In the 10-K filed February 26, 2026, Kodiak Gas Services, Inc. (KGS) flagged: Regulatory risk from One Big Beautiful Bill Act 2025 impacting U.S. tax law and permanently reinstating full expensing of qualified capital expenditures. Geopolitical exposure: 82.8% of compression assets deployed in Permian Basin and Eagle Ford Shale, subject to U.S. Gulf Coast LNG export growth and related energy policies. (AI summary of the Risk Factors section.)
What did KGS report in its latest 8-K?
Kodiak Gas Services, Inc. (KGS) filed an 8-K on September 28, 2026. DPS acquisition closed April 1, 2026 for $587.3M cash plus 2,401,278 Kodiak shares.
What are the latest KGS SEC filings?
Kodiak Gas Services, Inc. (KGS) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on September 28, 2026 and a Form 4 insider filing on October 6, 2026.
What is KGS's SEC CIK number?
Kodiak Gas Services, Inc. (KGS)'s SEC Central Index Key (CIK) is 1767042. EDGAR lists every KGS filing under that number.
Ask anything about KGS
The research agent reads KGS's filings, financials, insider trades and 13F holders, then answers with sources.