Kodiak Gas director Darden Newsom buys $449,900 in stock

Kodiak Gas Services, Inc. (NYSE:KGS) reported strong financial results for the third quarter of 2026. The company's revenue exceeded market expectations by 7.14%, reaching $401.8 million. Earnings per diluted share stood at $0.70, and the company announced a record adjusted EBITDA of $224.5 million. Kodiak raised its full-year profit forecast, citing robust demand across its businesses.

The company's stock, currently trading at $44.69, saw a significant transaction as director Darden Alexander Newsom acquired 10,000 shares, valued at $449,900, at a price of $44.99 per share on November 11, 2026. This acquisition brings Mr. Newsom's total ownership of the company's shares to 17,135. Despite a 39% decline in the stock price over the past six months, all major analysts maintain positive ratings on Kodiak Gas Services, including Stifel, Jefferies, and Mizuho, which have assigned Buy or Outperform ratings.