Equity Profile

KGS

Kodiak Gas Services, Inc.

EnergyOil & Gas Equipment & Services$6.6B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Kodiak Gas Services, Inc. operates in the energy sector, specifically providing equipment and services for oil and gas production....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well Kodiak is managing its costs and generating income.

N/A

Revenue Growth

Revenue growth will indicate the company's ability to expand its operations and capture market share in the energy sector.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

KGS Q2-2026 Earnings Preview

Context

Company Snapshot

Kodiak Gas Services, Inc. operates in the energy sector, specifically providing equipment and services for oil and gas production. With a market cap of $7 billion, the company plays a crucial role in supporting energy infrastructure, which is vital for meeting global energy demands.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-18.08%

Avg Stock Reaction

+1.71%

Last Quarter Recap

In Q1-2026, Kodiak reported an EPS of $0.59, exceeding expectations by 10.28%. The stock reacted positively, gaining 8.43% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, given the company's recent EPS beat. However, the lack of management guidance leaves some uncertainty.

Bull Case

If Kodiak continues its trend of beating EPS estimates, it could signal strong operational performance and increased investor confidence.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of declining revenue, it could lead to a significant drop in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

The EPS figure will be critical in assessing the company's profitability and could significantly influence investor sentiment.

How has revenue changed compared to the previous quarter?

Understanding revenue trends will provide insights into the company's growth trajectory and market demand for its services.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Kodiak's potential for strong EPS growth based on recent operational efficiencies and market demand.

Supporting Evidence

The company has shown a consistent ability to exceed EPS estimates, as seen in Q1-2026.

Options pricing suggests a higher volatility expectation than historical averages, indicating potential for significant movement.

The recent positive stock reaction to earnings surprises suggests that the market may be more receptive to good news.

Key Risk

If the EPS comes in below $0.50, it could undermine the bullish sentiment and lead to a reevaluation of the company's growth prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is watching closely for signs of continued profitability and growth, especially after the recent mixed earnings history.

Bull Confirmed If

An EPS of $0.65 or higher would confirm strong operational performance and growth.

Bear Confirmed If

An EPS below $0.50 would raise concerns about declining profitability and operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±18.32%

Historical Avg

±2.3%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±18.3% while KGS has averaged ±2.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

37.8%

Calls (4K)P/C Ratio: 11.88Puts (2K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Energy

n=30

Fade rate: 6 of 30 (20%)

This setup has occurred 30 times across Energy in the last 2 years. 24 of 30 (80%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.4%, with a raw directional average of -1.5% (modestly negative historical bias).

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders adding

Institutional

104.31%

of float

Insider

0.71%

of float

Holders

385

institutions

Top Holders· as of Dec 2025

Blackrock Inc.
12,135,345 sh · $800.7M
14.13%
26.5%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Kodiak beats expectations, history suggests the stock could rise by around 4.82%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may experience a muted reaction as investors await further guidance.

Miss

Should the company miss expectations, history indicates a potential decline of about 0.68%, which could trigger further concerns.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiencies that could impact margins.
2Insights into market demand for oil and gas services in the upcoming quarters.
3Management's outlook on capital expenditures and growth strategies.
4Details on any new contracts or partnerships that may enhance revenue.
5Comments on competitive pressures and how Kodiak plans to address them.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Kodiak Gas Services, Inc. operates in the energy sector, specifically providing equipment and services for oil and gas production....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well Kodiak is managing its costs and generating income.

N/A

Revenue Growth

Revenue growth will indicate the company's ability to expand its operations and capture market share in the energy sector.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

KGS Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-18.08%

Avg Stock Reaction

+1.71%

Last Quarter Recap

In Q1-2026, Kodiak reported an EPS of $0.59, exceeding expectations by 10.28%. The stock reacted positively, gaining 8.43% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, given the company's recent EPS beat. However, the lack of management guidance leaves some uncertainty.

Bull Case

If Kodiak continues its trend of beating EPS estimates, it could signal strong operational performance and increased investor confidence.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of declining revenue, it could lead to a significant drop in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

The EPS figure will be critical in assessing the company's profitability and could significantly influence investor sentiment.

How has revenue changed compared to the previous quarter?

Understanding revenue trends will provide insights into the company's growth trajectory and market demand for its services.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Kodiak's potential for strong EPS growth based on recent operational efficiencies and market demand.

Supporting Evidence

The company has shown a consistent ability to exceed EPS estimates, as seen in Q1-2026.

Options pricing suggests a higher volatility expectation than historical averages, indicating potential for significant movement.

The recent positive stock reaction to earnings surprises suggests that the market may be more receptive to good news.

Key Risk

If the EPS comes in below $0.50, it could undermine the bullish sentiment and lead to a reevaluation of the company's growth prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is watching closely for signs of continued profitability and growth, especially after the recent mixed earnings history.

Bull Confirmed If

An EPS of $0.65 or higher would confirm strong operational performance and growth.

Bear Confirmed If

An EPS below $0.50 would raise concerns about declining profitability and operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±18.32%

Historical Avg

±2.3%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±18.3% while KGS has averaged ±2.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

37.8%

Calls (4K)P/C Ratio: 11.88Puts (2K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Energy

n=30

Fade rate: 6 of 30 (20%)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders adding

Institutional

104.31%

of float

Insider

0.71%

of float

Holders

385

institutions

Top Holders· as of Dec 2025

Blackrock Inc.
12,135,345 sh · $800.7M
14.13%
26.5%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Kodiak beats expectations, history suggests the stock could rise by around 4.82%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may experience a muted reaction as investors await further guidance.

Miss

Should the company miss expectations, history indicates a potential decline of about 0.68%, which could trigger further concerns.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiencies that could impact margins.
2Insights into market demand for oil and gas services in the upcoming quarters.
3Management's outlook on capital expenditures and growth strategies.
4Details on any new contracts or partnerships that may enhance revenue.
5Comments on competitive pressures and how Kodiak plans to address them.