Kodiak Gas Services, Inc. (NYSE: KGS) has announced the repurchase of $50 million of its common stock from Frontier Topco Partnership, L.P., an affiliate of the funds known as EQT Infrastructure III and EQT Infrastructure IV. The repurchase, which was unanimously approved by a special committee of the company’s board of directors, involved the acquisition of 1,508,750 shares of its common stock at a purchase price of $33.14 per share, based on the closing price of Kodiak’s stock on August 11, 2025.
Following the repurchase, the selling stockholder’s ownership of Kodiak's common stock will be less than 35%. The transaction was conducted under Kodiak’s existing share repurchase program, leaving approximately $65 million available for repurchase under the program.
As a result of the repurchase, certain changes have been triggered under the stockholders’ agreement between the company and the selling stockholder. Notably, the selling stockholder will now have the right to designate or nominate only one director to the company’s board of directors, and their approval of certain corporate actions by the company will no longer be required.
Kodiak Gas Services, headquartered in The Woodlands, Texas, is a leading contract compression services provider in the United States, offering contract compression and related services to oil and gas producers and midstream customers in high–volume gas gathering systems, processing facilities, multi-well gas lift applications, and natural gas transmission systems. As a result of these announcements, the company's shares have moved 2.06% on the market, and are now trading at a price of $33.14. For the full picture, make sure to review Kodiak Gas Services's 8-K report.
