Kodiak Gas Services (KGS) Investor presentation summary

Business overview and market position

• Operates a leading fleet with 4.5 million horsepower in compression and 405 MW in distributed power, focusing on the Permian Basin and large horsepower applications.

• Holds a $6 billion market capitalization and a 3.3% dividend yield as of August 2026.

• Maintains a highly skilled workforce of ~900 technicians and a state-of-the-art training facility.

• Recognized as a market leader in both compression and distributed power, with 81% of fleet classified as large horsepower units.

• Serves a premier customer base, with over 50% of revenue from top 10 customers and over 60% from investment-grade clients.

Growth strategy and market outlook

• Targets multi-year growth in U.S. natural gas and distributed power, driven by data center and industrial demand.

• Plans to expand compression fleet to 5.2 million HP and distributed power to 2 GW by 2030.

• Sees high industry utilization (94% in Q2 2026) and long lead times for new equipment, indicating a tight market.

• Expects incremental compression demand of ~19 million HP by 2035, fueled by U.S. gas and LNG growth.

• Texas is a key growth region, with >100 proposed gas-fired plants and >30 GW of data center projects.

Operational excellence and technology

• Operates large engine fleets with high reliability, leveraging AI/machine learning for operational efficiency.

• Cross-trains technicians on both compression and power generation platforms.

• Invests in people and technology, including leadership development and technician co-pilot AI tools.

• Maintains a world-class training program with partnerships across technical colleges and the military.

• Delivers industry-leading customer service through a skilled workforce and advanced operational technology.