Kodiak Gas Services (KGS) Investor presentation summary

Company overview and market position

• Holds a $7 billion market capitalization with a 2.7% dividend yield as of May 2026.

• Operates 4.5 million horsepower in compression, leading the Permian Basin market.

• Distributed power fleet delivers ~400 megawatts, with high uptime for data center contracts.

• Employs ~900 highly trained technicians and invests in advanced operational technology.

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

Growth strategy and market outlook

• Targets multi-year growth in U.S. natural gas and distributed power due to grid shortfalls.

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

• Sees massive demand from data centers, with >100 GW new demand by 2035 and >700 facilities under construction.

• Focuses on 'bring-your-own-generation' solutions to address power grid constraints.

• Committed to returning capital via dividends and opportunistic share repurchases.

Operational excellence and workforce

• Achieves 98% fleet utilization and industry-leading reliability in both compression and power.

• Operates a world-class training program, including a 30,000 SF facility and partnerships with technical colleges and the military.

• Over 700 technicians are Caterpillar-certified and cross-trained on generators.

• Invests in leadership development and AI-driven operational technology.