Kodiak Gas Services Q4 2023 Earnings Report
Key Takeaways
Kodiak Gas Services reported Q4 2023 results with total revenues of $226.0 million compared to $179.8 million for Q4 2022. The company reported a net loss of $6.9 million, including a $21.8 million loss on derivatives. Adjusted EBITDA for the quarter was $113.9 million compared to $103.2 million for the quarter ended December 31, 2022. The company also announced a definitive agreement to acquire CSI Compressco.
Total revenues for fourth quarter 2023 were $226.0 million compared to $179.8 million for fourth quarter 2022.
Fourth quarter 2023 Compression Operations segment Adjusted Gross Margin Percentage increased 140 basis points over third quarter 2023.
Net loss for the quarter ended December 31, 2023 was $6.9 million, including a $21.8 million loss on derivatives.
Adjusted EBITDA for the quarter ended December 31, 2023 was $113.9 million compared to $103.2 million for the quarter ended December 31, 2022.
Kodiak Gas Services
Kodiak Gas Services
Kodiak Gas Services Revenue by Segment
Forward Guidance
Kodiak provided initial guidance for the full year 2024. Standalone 2024 Adjusted EBITDA guidance of $460 million to $490 million. Expected Discretionary Cash Flow of $295 million to $310 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income