Filing Flows › Kodiak Gas Services (KGS) › Q3 2026 › vs Q2 2026
Kodiak Gas Services (KGS) Q3 2026 vs Q2 2026 (quarter over quarter)
Kodiak Gas Services's revenue rose $10.7M (+3%) from $391M in Q2 2026 to $402M in Q3 2026. The biggest changes: Power Infrastructure revenue +$9.1M (+28%); Compression Infrastructure revenue +$3.3M (+1%); Other Services revenue −$1.7M (-4%). Operating margin 34.5% against 31.8% (+2.7 pts).
Kodiak Gas Services, Q3 2026: revenue $402M (+24% year over year), operating margin 34.5%, net earnings $71.5M, operating cash flow $196M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 34.5% | 31.8% | +2.7 pts |
| Net margin | 17.8% | 13.3% | +4.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Compression Infrastructure revenue | $318M | $315M | $3.3M | +1% |
| Power Infrastructure revenue | $42.0M | $32.9M | $9.1M | +28% |
| Other Services revenue | $41.4M | $43.1M | −$1.7M | -4% |
| Revenue | $402M | $391M | $10.7M | +3% |
| Operating profit | $138M | $124M | $14.3M | +11% |
| Costs & expenses | $263M | $267M | −$3.6M | -1% |
| Pre-tax earnings | $90.4M | $73.2M | $17.2M | +23% |
| Other expense, net | $48.1M | $51.0M | −$2.9M | -6% |
| SG&A | $43.0M | $40.9M | $2.0M | +5% |
| Other operating costs | $220M | $81.6M | $139M | +170% |
| Net earnings | $71.5M | $52.1M | $19.4M | +37% |
| Income tax | $18.9M | $21.1M | −$2.2M | -10% |
| Depreciation & amortization | $75.6M | $78.7M | −$3.1M | -4% |
| Working capital & other | $49.2M | −$40.0M | $89.2M | — |
| Operating cash flow | $196M | $99.5M | $96.8M | +97% |
| Capital expenditures | $226M | $200M | $25.5M | +13% |
| Negative free cash flow (OCF − capex) | $29.4M | $101M | −$71.3M | -71% |
Questions
How much did Kodiak Gas Services's revenue grow quarter over quarter in Q3 2026?
Kodiak Gas Services's revenue rose $10.7M (+3%) from $391M in Q2 2026 to $402M in Q3 2026.
What drove Kodiak Gas Services's revenue change in Q3 2026?
Power Infrastructure revenue +$9.1M (+28%); Compression Infrastructure revenue +$3.3M (+1%); Other Services revenue −$1.7M (-4%).