Kodiak Gas Services

Q2 FY2026 EarningsQ2 FY2026 results showed a top-line beat with revenue of $391.1M vs. $383.0M expected, primarily driven by the integration of the Distributed Power Solutions (DPS) acquisition and pricing power in Compression Infrastructure. Gross margin of 63.07% slightly missed the 63.84% consensus due to segment mix shifts following the reorganization. Normalized EPS of $0.55 beat the $0.53 GAAP floor but sat below the implied normalized consensus of $0.71, primarily impacted by a one-time $36.5M loss on debt extinguishment during the strategic refinancing of the 2029 Senior Notes.