Kodiak Gas Services Files for IPO

By Stephen Nakrosis

Kodiak Gas Services Inc., which operates contract compression infrastructure in the U.S., filed for an initial public offering on Friday.

The company said 84% of its compression assets are deployed in the Permian Basin and Eagle Ford Shale.

Purpose-driven global investment organization EQT AB is Kodiak's principal stockholder, the company said.

For the year ended Dec. 31, 2022, Kodiak generated revenue of $707.9 million. In the year ended Dec. 31, 2021, it had revenue of $606.3 million, the company said.

The company didn't give an expected size for its IPO, nor did it indicate an expected price range.

Kodiak said it intends to list on the New York Stock Exchange under the symbol KGS.

Goldman Sachs & Co. LLC, J.P. Morgan, Barclays and BofA Securities are listed among the offering's underwriters.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

Corrections & Amplifications

This article was corrected on April 3, 2023. EQT AB is a purpose-driven global investment organization. The original version incorrectly said EQT AB was a Swedish energy company.

(END) Dow Jones Newswires

March 31, 2023 18:01 ET (22:01 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.