THE
WOODLANDS, Texas, May 2, 2024
/PRNewswire/ -- Kodiak Gas Services, Inc. (NYSE: KGS), ("Kodiak" or
the "Company"), a leading provider of critical energy
infrastructure and contract compression services, today announced
that its board of directors has declared a cash dividend of
$0.38 per share of common stock for
the first quarter of 2024 (the "Common Stock Dividend"). This
Common Stock Dividend will be paid on May
20, 2024 to all stockholders of record as of the close of
business on May 13, 2024.
In conjunction with the Common Stock Dividend, Kodiak Gas
Services, LLC, a subsidiary of Kodiak ("Kodiak Services"), has
declared a distribution on its units of $0.38 per unit for the first quarter of 2024,
which will be paid on May 20, 2024 to
all unitholders of record of Kodiak Services on May 16, 2024.
About Kodiak
Kodiak Gas Services, Inc. is the largest contract compression
services provider in the continental United States with a revenue-generating fleet
of approximately 4.3 million horsepower. The Company focuses on
providing contract compression and related services to oil and gas
producers and midstream customers in high–volume gas gathering
systems, processing facilities, multi–well gas lift applications
and natural gas transmission systems. More information is available
at www.kodiakgas.com.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within
the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are neither historical facts nor assurances of future
performance. Instead, they are based only on our current beliefs,
expectations and assumptions regarding the future of our business,
future plans and strategies, projections, anticipated events and
trends, the economy and other future conditions. Forward-looking
statements can be identified by words such as: "anticipate,"
"intend," "plan," "goal," "seek," "believe," "project," "estimate,"
"expect," "strategy," "future," "likely," "may," "should," "will"
and similar references to future periods. Forward-looking
statements contained herein include the amount and timing of future
dividend payments. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of our control. A list and description of risks,
uncertainties and other factors can be found in the Part I, Item
1A. "Risk Factors" and Part II, Item 7. "Management's Discussion
and Analysis of Financial Condition and Results of Operations"
sections of our Annual Report on Form 10-K for the fiscal year
ended December 31, 2023 and filed
with the SEC on March 7, 2024. Any
forward-looking statement made by us in this news release is based
only on information currently available to us and speaks only as of
the date on which it is made. Except as may be required by
applicable law, we undertake no obligation to publicly update any
forward-looking statement whether as a result of new information,
future developments or otherwise.
Contacts:
Kodiak Gas Services, Inc.
Graham Sones, VP of Investor
Relations
ir@kodiakgas.com
(936) 755-3259
Dennard Lascar Investor
Relations
Ken Dennard / Rick Black
KGS@dennardlascar.com
713-529-6600
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SOURCE Kodiak Gas Services, Inc.