Kodiak Gas' Big Bet: Can a Power Buildout Pay Off? Kodiak Gas Services (KGS) recently reported record earnings, with revenue up 21% and adjusted EBITDA at an all time high of $217 million.
Management is confident that the company can "turn a compression business already running near full capacity" into something much bigger by 2030. However, this expansion plan comes with significant risks.
Kodiak is taking on substantial investment in new turbine capacity and long term contracts with hyperscale counterparties. While the core contract compression business remains strong – with 4.