Kodiak Gas Services, Inc. (NYSE:KGS) Declares Dividend Increase – $0.51 Per Share

Kodiak Gas Services, Inc. (NYSE:KGS) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Monday, November 16th will be paid a dividend of $0.51 per share on Wednesday, November 25th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Monday, November 16th. This is a 4.1% increase from Kodiak Gas Services’s previous quarterly dividend of $0.49.

Kodiak Gas Services has a payout ratio of 90.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Kodiak Gas Services to earn $2.96 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 66.2%.

Kodiak Gas Services Stock Down 11.5%

Kodiak Gas Services stock opened at $41.21 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.45 and a quick ratio of 1.15. Kodiak Gas Services has a 1-year low of $32.55 and a 1-year high of $77.68. The stock has a market cap of $4.18 billion, a PE ratio of 49.06 and a beta of 1.07. The stock’s fifty day moving average is $53.66 and its two-hundred day moving average is $59.07.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.12). The business had revenue of $391.12 million during the quarter, compared to analyst estimates of $386.30 million. Kodiak Gas Services had a net margin of 5.77% and a return on equity of 11.92%. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share. On average, sell-side analysts expect that Kodiak Gas Services will post 2.43 EPS for the current fiscal year.

About Kodiak Gas Services

Kodiak Gas Services, Inc (NYSE: KGS) provides contract compression and related infrastructure services to the North American oil and gas industry. The company helps producers and midstream operators move natural gas through gathering systems, processing facilities and pipelines by supplying compression equipment and operating it under long-term service arrangements.

Its services include the design, installation, operation and maintenance of natural gas compression systems. Kodiak owns and manages a fleet of compression units that can be deployed across a range of applications, including natural gas gathering and processing.