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Kodiak Gas Services Priced, NYSE: KGS

Provides natural gas compression services in the US.

Industry: Energy

Latest Trade: $26.10 0.00 (0.0%)

First Day Return: -1.9%

Return from IPO: +63.1%

Industry: Energy

We are a leading operator of contract compression infrastructure in the United States (“U.S.”). Our compression operations are critical to our customers’ ability to reliably produce natural gas and oil to support growing global energy demand. We are a market leader in the Permian Basin, which is the largest producing natural gas and oil basin in the U.S. We operate our large horsepower compression units under stable, fixed-revenue contracts with blue-chip upstream and midstream customers. Our compression assets have long useful lives consistent with the expected production lives of the key regions where we operate. We believe our partnership-focused business model positions us as the preferred contract compression operator for our customers and creates long-standing relationships. We strategically invest in the training, development, and retention of our highly skilled and dedicated employees and believe their expertise and commitment to excellence enhances and differentiates our business model. Furthermore, we maintain an intense focus on being one of the most sustainable and responsible operators of contract compression infrastructure.
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IPO Data
IPO File Date 03/31/2023
Offer Price $16.00
Price Range $19.00 - $22.00
Offer Shares (mm) 16.0
Deal Size ($mm) $256
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/28/2023
Offer Price $16.00
Price Range $19.00 - $22.00
Offer Shares (mm) 16.0
Deal Size ($mm) $256
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Goldman Sachs
J.P. Morgan
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Company Data
Headquarters Montgomery, TX, United States
Founded 2011
Employees 765
Website www.kodiakgas.com

Kodiak Gas Services (KGS) Performance