Filing Flows › Kodiak Gas Services (KGS) › Q2 2026 › vs Q2 2025
Kodiak Gas Services (KGS) Q2 2026 vs Q2 2025 (year over year)
Kodiak Gas Services's revenue rose $68.3M (+21%) from $323M in Q2 2025 to $391M in Q2 2026. The biggest changes: Power Infrastructure +$32.9M (—); Compression Infrastructure +$21.6M (+7%); Service, Other +$13.8M (+47%). 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 31.8% | 30.9% | +0.9 pts |
| Net margin | 13.3% | 12.2% | +1.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Compression Infrastructure | $315M | $294M | $21.6M | +7% |
| Service, Other | $43.1M | $29.3M | $13.8M | +47% |
| Power Infrastructure | $32.9M | $0 | $32.9M | — |
| Revenue | $391M | $323M | $68.3M | +21% |
| Operating profit | $124M | $99.7M | $24.5M | +25% |
| Costs & expenses | $267M | $223M | $43.8M | +20% |
| Pre-tax earnings | $73.2M | $53.4M | $19.8M | +37% |
| Other expense, net | $51.0M | $46.3M | $4.7M | +10% |
| Cost of revenue | $144M | $115M | $29.1M | +25% |
| SG&A | $40.9M | $35.1M | $5.8M | +17% |
| Other operating costs | $81.6M | $72.7M | $8.9M | +12% |
| Net earnings | $52.0M | $39.5M | $12.5M | +32% |
| Minority interests | $173K | $488K | −$315K | -65% |
| Income tax | $21.1M | $13.4M | $7.6M | +57% |
| Depreciation & amortization | $78.7M | $66.1M | $12.6M | +19% |
| Share-based compensation | $8.6M | $6.3M | $2.3M | +37% |
| Working capital & other | $39.8M | −$65.3M | $105M | — |
| Operating cash flow | $99.5M | $177M | −$77.7M | -44% |
| Capital expenditures | $200M | $82.6M | $118M | +142% |
| Negative free cash flow (OCF − capex) | $101M | −$94.6M | $195M | — |
Questions
How much did Kodiak Gas Services's revenue grow year over year in Q2 2026?
Kodiak Gas Services's revenue rose $68.3M (+21%) from $323M in Q2 2025 to $391M in Q2 2026.
What drove Kodiak Gas Services's revenue change in Q2 2026?
Power Infrastructure +$32.9M (—); Compression Infrastructure +$21.6M (+7%); Service, Other +$13.8M (+47%).