Kodiak Gas Services (KGS) Operating Expenses (2022 - 2026)
Kodiak Gas Services (KGS) posted Operating Expenses of $266.88 million for Q2 2026, up 19.6% from $223.11 million a year earlier and up 11.7% from the prior quarter.
Powered by 
Analysis
Kodiak Gas Services (KGS) Operating Expenses (2022 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at Kodiak Gas Services was $1.01 billion, up 5.0% year-over-year; for FY2025, it came in at $968.09 million, up 6.4% from FY2024.
- Annual Operating Expenses has increased for four consecutive years, with a four-year compound annual growth rate of 23.4% (FY2021 to FY2025).
- In prior years, Kodiak Gas Services' Operating Expenses was $909.86 million in FY2024 (+50.1%), $606.27 million in FY2023 (+24.8%), $485.82 million in FY2022 (+16.4%) and $417.42 million in FY2021.
- The Q2 2026 figure stands as the highest quarterly Operating Expenses in data going back to Q2 2022.
- On a year-over-year basis, Operating Expenses increased in five of the last eight quarters, with growth averaging 20.1%.
- The strongest year-over-year quarter for Operating Expenses in the past five years was Q2 2024, with growth of 80.9%; the weakest was Q2 2025, with a decline of 12.7%.
- According to Business Quant data, Operating Expenses for the three prior quarters was $238.95 million (Q1 2026), $245.98 million (Q4 2025) and $258.54 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 72.31 Bn | 69.42 Bn | 1.40 Bn | 324.00 Mn |
| 2 | Baker Hughes | 54.50 Bn | 17.77 Bn | 1.58 Bn | 723.00 Mn |
| 3 | TechnipFMC | 26.69 Bn | 22.84 Bn | 684.70 Mn | 2.28 Bn |
| 4 | Halliburton | 26.49 Bn | 18.25 Bn | 804.00 Mn | 4.94 Bn |
| 5 | Nov | 6.70 Bn | 1.49 Bn | 521.00 Mn | 1.04 Bn |
| 6 | Noble | 6.66 Bn | 4.59 Bn | 239.27 Mn | 689.21 Mn |
| 7 | Transocean | 5.85 Bn | 3.56 Bn | 358.00 Mn | 812.00 Mn |
| 8 | Weatherford International | 5.65 Bn | 1.58 Bn | 333.00 Mn | 998.00 Mn |
| 9 | Valaris | 5.44 Bn | 3.06 Bn | 123.70 Mn | 498.70 Mn |
| 10 | Kodiak Gas Services | 5.35 Bn | 5.11 Bn | 246.76 Mn | 266.88 Mn |
Historic Data
Download Data
Historic 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 |
API Access
Kodiak Gas Services Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=KGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "KGS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=KGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();