Kodiak Gas Services (KGS) Operating Expenses (2022 - 2026)
Kodiak Gas Services' (KGS) quarterly Operating Expenses came in at $238.9 million in Q1 2026, down 0.63% YoY from $240.5 million in Q1 2025, and down 2.86% on a QoQ basis from $246.0 million in Q4 2025.
Kodiak Gas Services (KGS) Operating Expenses (2022 - 2026) Analysis & Trends
Kodiak Gas Services (KGS) has 5 years of Operating Expenses data on file, last reported at $238.9 million in 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 slipped to $238.9 million in Q1 2026, from $246.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $258.6 million in Q3 2024 to a low of $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 fell 12.67%.
- Tracing KGS's Operating Expenses over 5 years: stood at $122.2 million in 2022, then surged by 35.23% to $165.2 million in 2023, then soared by 45.53% to $240.5 million in 2024, then climbed by 2.29% to $246.0 million in 2025, then declined by 2.86% to $238.9 million in 2026.
- The last three Operating Expenses figures came in at $238.9 million (Q1 2026), $246.0 million (Q4 2025), and $258.5 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 80.33 Bn | 76.25 Bn | 4.63 Bn | 324.00 Mn |
| 2 | Baker Hughes | 61.93 Bn | 46.20 Bn | 1.58 Bn | 723.00 Mn |
| 3 | Tenaris | 53.10 Bn | 44.08 Bn | 984.66 | -484,107.00 Bn |
| 4 | TechnipFMC | 30.78 Bn | 29.54 Bn | 1.40 Bn | 2.28 Bn |
| 5 | Halliburton | 29.58 Bn | 27.53 Bn | 2.10 Bn | 4.94 Bn |
| 6 | Nov | 7.35 Bn | 6.19 Bn | 521.00 Mn | 1.04 Bn |
| 7 | Weatherford International | 6.52 Bn | 5.39 Bn | 662.00 Mn | 998.00 Mn |
| 8 | Kodiak Gas Services | 5.83 Bn | 5.69 Bn | 246.76 Mn | 266.88 Mn |
| 9 | Archrock | 5.52 Bn | 5.52 Bn | 244.51 Mn | 39.97 Mn |
| 10 | Oceaneering International | 5.28 Bn | 4.65 Bn | 156.98 Mn | 68.75 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 266.88 Mn |
| 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 |