Kodiak Gas Services (KGS) Operating Expenses (2022 - 2026)
Kodiak Gas Services (KGS) posted Operating Expenses of $238.9 million for Q1 2026, down 2.86% on a QoQ basis from $246.0 million in Q4 2025, and down 0.63% year-over-year from $240.5 million in Q1 2025.
Kodiak Gas Services (KGS) Operating Expenses (2022 - 2026) Analysis & Trends
Kodiak Gas Services' Operating Expenses history runs 5 years deep, the most recent figure standing at $238.9 million for Q1 2026.
- Quarterly Operating Expenses fell 0.63% year-over-year to $238.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $966.6 million (down 2.85% YoY) and the FY2025 annual result came in at $968.1 million, up 6.4% from the prior year.
- Operating Expenses was $238.9 million for Q1 2026 at Kodiak Gas Services, down from $246.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $258.6 million in Q3 2024 and bottomed at $122.2 million in Q4 2022.
- A 5-year average of $193.4 million and a median of $196.6 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2024 — Operating Expenses jumped 80.88% — and 2025, when it slipped 12.67%.
- Kodiak Gas Services' Operating Expenses stood at $122.2 million in 2022, then jumped by 35.23% to $165.2 million in 2023, then surged by 45.53% to $240.5 million in 2024, then increased by 2.29% to $246.0 million in 2025, then retreated by 2.86% to $238.9 million in 2026.
- Business Quant data shows KGS's Operating Expenses at $238.9 million in Q1 2026, $246.0 million in Q4 2025, and $258.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 78.08 Bn | 74.69 Bn | 5.38 Bn | 261.00 Mn |
| 2 | Tenaris | 58.18 Bn | 46.31 Bn | 1.05 Bn | -466.59 Mn |
| 3 | TechnipFMC | 30.64 Bn | 29.36 Bn | 1.64 Bn | 2.14 Bn |
| 4 | Halliburton | 27.87 Bn | 25.86 Bn | 2.04 Bn | 4.72 Bn |
| 5 | Nov | 7.48 Bn | 6.14 Bn | 379.00 Mn | 9.00 Mn |
| 6 | Weatherford International | 6.35 Bn | 5.21 Bn | 776.00 Mn | 998.00 Mn |
| 7 | Archrock | 6.34 Bn | 6.34 Bn | 247.42 Mn | 45.37 Mn |
| 8 | Oceaneering International | 5.28 Bn | 4.67 Bn | 127.27 Mn | 69.48 Mn |
| 9 | Kodiak Gas Services | 5.09 Bn | 4.99 Bn | 222.88 Mn | 238.95 Mn |
| 10 | Tidewater | 3.87 Bn | 3.32 Bn | 160.04 Mn | 267.24 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 238.95 Mn |
| Dec 31, 2025 | 245.98 Mn |
| Sep 30, 2025 | 258.54 Mn |
| Jun 30, 2025 | 223.11 Mn |
| Mar 31, 2025 | 240.46 Mn |
| Dec 31, 2024 | 240.47 Mn |
| Sep 30, 2024 | 258.57 Mn |
| Jun 30, 2024 | 255.49 Mn |
| Mar 31, 2024 | 155.33 Mn |
| Dec 31, 2023 | 165.24 Mn |
| Sep 30, 2023 | 170.03 Mn |
| Jun 30, 2023 | 141.25 Mn |
| Mar 31, 2023 | 129.76 Mn |
| Dec 31, 2022 | 122.19 Mn |
| Sep 30, 2022 | 124.39 Mn |
| Jun 30, 2022 | 125.25 Mn |