March 31, 2023 at 5:46 p.m. ET
By Stephen Nakrose
Kodiak Gas Services Inc., which operates contract compression infrastructure in the US, 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.
Swedish…
By Stephen Nakrose
Kodiak Gas Services Inc., which operates contract compression infrastructure in the US, 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.
Swedish energy company EQT AB is Kodiak’s majority shareholder, the company announced.
For the year ended December 31, 2022, Kodiak generated revenues of $707.9 million. For the year ended December 31, 2021, it had sales of $606.3 million, the company said.
The company did not provide an expected size for its IPO, nor an expected price range.
Kodiak said it intends to list on the New York Stock Exchange under the symbol KGS.
Goldman Sachs & Co. LLC, JP Morgan, Barclays and BofA Securities are listed among the underwriters of the offering.
Write to Stephen Nakrosis at [email protected]
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