Kodiak Gas Services Raises 2026 Adjusted EBITDA Midpoint to $850 Million

Kodiak Gas Services, Inc. (NYSE: KGS) raised the midpoint of its 2026 adjusted EBITDA outlook by $5 million after posting a record $224.5 million for the third quarter.

The company now expects adjusted EBITDA of $840 million to $860 million, compared with its previous range of $830 million to $860 million. The new range has a midpoint of $850 million, up from $845 million. Third-quarter adjusted EBITDA increased 28.5% from a year earlier.

New compression units added about 102,000 horsepower to Kodiak’s revenue-generating capacity during the quarter. Kodiak defines adjusted EBITDA as net income before interest expense, income tax expense, depreciation and amortization, plus specified items.