Filing Flows › Kodiak Gas Services (KGS) › Q2 2026 › vs Q1 2026
Kodiak Gas Services (KGS) Q2 2026 vs Q1 2026 (quarter over quarter)
Kodiak Gas Services's revenue rose $45.4M (+13%) from $346M in Q1 2026 to $391M in Q2 2026. Operating margin 31.8% against 30.9% (+0.9 pts).
Kodiak Gas Services, Q2 2026: revenue $391M (+21% year over year), operating margin 31.8%, net earnings $52.0M, operating cash flow $99.5M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 31.8% | 30.9% | +0.9 pts |
| Net margin | 13.3% | 5.1% | +8.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $391M | $346M | $45.4M | +13% |
| Operating profit | $124M | $107M | $17.4M | +16% |
| Costs & expenses | $267M | $239M | $27.9M | +12% |
| Pre-tax earnings | $73.2M | $20.6M | $52.6M | +255% |
| Other expense, net | $51.0M | $86.2M | −$35.2M | -41% |
| Cost of revenue | $144M | $123M | $21.5M | +17% |
| SG&A | $40.9M | $46.1M | −$5.2M | -11% |
| Other operating costs | $81.6M | $69.9M | $11.7M | +17% |
| Net earnings | $52.0M | $17.8M | $34.2M | +192% |
| Minority interests | $173K | $55K | $118K | +215% |
| Income tax | $21.1M | $2.8M | $18.3M | +664% |
| Depreciation & amortization | $78.7M | $68.7M | $10.0M | +15% |
| Share-based compensation | $8.6M | $5.9M | $2.7M | +47% |
| Working capital & other | $39.8M | $21.2M | $18.6M | +88% |
| Operating cash flow | $99.5M | $71.2M | $28.3M | +40% |
| Capital expenditures | $200M | $118M | $81.8M | +69% |
| Negative free cash flow (OCF − capex) | $101M | $47.2M | $53.6M | +113% |
Questions
How much did Kodiak Gas Services's revenue grow quarter over quarter in Q2 2026?
Kodiak Gas Services's revenue rose $45.4M (+13%) from $346M in Q1 2026 to $391M in Q2 2026. Operating margin 31.8% against 30.9% (+0.9 pts).