Kodiak Gas Services, Inc. Declares Quarterly Dividend of $0.49 (NYSE:KGS)

Key Points

• Kodiak Gas Services declared a quarterly dividend of $0.49 per share, payable August 27 to shareholders of record on August 17. The annualized dividend is $1.96 per share, representing a 3.4% yield.
• The dividend’s current payout ratio is high at 90.3%, but analysts expect it to improve to 63.8% next year based on projected earnings of $3.07 per share.
• Kodiak exceeded quarterly earnings and revenue expectations, reporting EPS of $0.59 and revenue of $345.76 million, with revenue up 4.9% year over year.

Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Monday, August 17th will be paid a dividend of 0.49 per share on Thursday, August 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, August 17th.

Kodiak Gas Services has a dividend 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 $3.07 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 63.8%.

Kodiak Gas Services Stock Performance

KGS stock opened at $57.92 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 2.38. The firm has a market cap of $5.14 billion, a PE ratio of 78.27, a P/E/G ratio of 0.88 and a beta of 0.97. The business has a 50 day moving average of $66.52 and a 200-day moving average of $60.77. Kodiak Gas Services has a 12-month low of $30.68 and a 12-month high of $77.68.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.05. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The business had revenue of $345.76 million for the quarter, compared to analyst estimates of $340.23 million. During the same period last year, the company posted $0.33 earnings per share. Kodiak Gas Services's quarterly revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts expect that Kodiak Gas Services will post 2.41 earnings per share for the current year.

About Kodiak Gas Services

Kodiak Gas Services, Inc operates contract compression infrastructure for customers in the oil and gas industry in the United States. It operates in two segments, Compression Operations and Other Services. The Compression Operations segment operates company-owned and customer-owned compression infrastructure to enable the production, gathering, and transportation of natural gas and oil. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.

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