Kodiak Gas: Fourth Quarter Financial Overview

Kodiak Gas Services Reports Fourth-Quarter Financial Results

Kodiak Gas Services Inc., headquartered in The Woodlands, Texas, announced its financial performance for the fourth quarter, revealing a net profit of $24.6 million.

The company earned 28 cents per share in net income. After adjusting for asset impairment and severance expenses, earnings stood at 40 cents per share.

These results fell short of analyst expectations, as a consensus of three analysts polled by Zacks Investment Research had anticipated earnings of 53 cents per share.

During the quarter, Kodiak Gas Services generated $332.9 million in revenue from its oil and gas infrastructure operations.

Looking at the full year, the company posted a total profit of $80.5 million, translating to 89 cents per share, with annual revenue reaching $1.31 billion.

This article was produced by Automated Insights using data provided by Zacks Investment Research.