Filing Flows › Kodiak Gas Services (KGS) › Q4 2024
Kodiak Gas Services (KGS) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 7, 2025
Kodiak Gas Services (KGS) reported revenue of $310M for the fourth quarter 2024 (Q4 2024), +37% from a year earlier and -5% from the quarter before. Operating margin was 22.3%, net earnings $19.1M (6.2% of revenue).
Kodiak Gas Services, Q4 2024: revenue $310M (+37% year over year), operating margin 22.3%, net earnings $19.1M, operating cash flow $118M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $310M | -5% | +37% |
| Operating profit | $69.0M | +4% | +14% |
| Net earnings | $19.1M | — | — |
| Operating cash flow | $118M | +221% | +89% |
| Free cash flow | $45.2M | — | — |
What changed
Revenue was $309.5M in Q4 2024, up 37% year over year and down 5% from the previous quarter. Contract Services was the largest line at 91% of revenue.
Operating profit was $69.0M, a 22.3% margin (down 4.6 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, below the 27% margin then. Net earnings were $19.1M. The effective tax rate was 44.2%.
Operating cash flow was $118.5M (up 89% year over year), 605% of net income including minority interests. Non-cash charges added back $70.4M of depreciation and amortization and $5.6M of share-based compensation. Working capital and other items added $22.9M. Capital expenditures of $73.2M left free cash flow of $45.2M.
Questions
What was Kodiak Gas Services' revenue in the fourth quarter 2024?
Kodiak Gas Services (KGS) reported revenue of $310M for the fourth quarter 2024 (Q4 2024), +37% from a year earlier and -5% from the quarter before.
Was Kodiak Gas Services profitable in the fourth quarter 2024?
Operating profit was $69.0M (22.3% of revenue) and net earnings $19.1M.