Kodiak Gas Services Declares Fourth Quarter Dividend
Kodiak Gas Services, Inc. (NYSE: KGS), known commonly as Kodiak, has made an important announcement regarding its dividend for the year. The company’s board of directors has approved a cash dividend of $0.41 per share for the fourth quarter of 2024. This initiative showcases Kodiak's commitment to returning value to its shareholders.
Details of the Upcoming Cash Dividend
The approved Common Stock Dividend is set to be distributed on February 21, 2025, with all stockholders entitled to receive it noted as of the close of business on February 14, 2025. This strategic decision reflects Kodiak’s solid performance and ongoing commitment to its shareholders.
Subsidiary Distribution Announcement
Additionally, Kodiak Gas Services, LLC, the company's subsidiary, will similarly issue a distribution of $0.41 per unit for the fourth quarter of 2024. This distribution will, like the common stock dividend, be paid on February 21, 2025, to all unitholders recorded by February 14, 2025. This unity in distribution emphasizes Kodiak's comprehensive financial health and its intent to maintain shareholder loyalty.
Earnings Release Schedule
Kodiak will also be unveiling its financial results for the fourth quarter and the full year of 2024 on the afternoon of March 5, 2025, post-market closure. This earnings release is expected to provide insights into the company’s operational performance and strategic direction. The resulting data will be pivotal for investors and stakeholders.
Live Conference Call Details
Following the financial results announcement, Kodiak has organized a conference call for March 6, 2025, at 11:00 a.m. Eastern Time (10:00 a.m. Central Time). During the call, company executives will discuss the quarterly performance and field questions from investors and analysts.
Dial-In To Participate
To participate in the call, interested parties can dial 877-407-4012 and must reference the Kodiak call at least 10 minutes before it begins. The call provides an excellent platform for stakeholders to gain a deeper understanding of company strategies and financial performance.
Online Access to the Conference
In addition to the phone option, the conference call will also be accessible through an online platform. Participants can log on through Kodiak's investor relations page to follow the live discussion and presentations.
Access to Replay Information
A telephonic replay of the conference call will be available until March 20, 2025. Interested listeners can utilize the access code 13751493 to review the insightful discussions post-call.
About Kodiak Gas Services
Kodiak Gas Services is recognized as the largest contract compression services provider in the U.S., pivotal in maintaining the infrastructure essential for the safe production and transportation of natural gas and oil. Based in The Woodlands, Texas, the company provides comprehensive services to oil and gas producers as well as midstream clients.
Frequently Asked Questions
What is the amount of the cash dividend declared by Kodiak?
The cash dividend declared by Kodiak is $0.41 per share for the fourth quarter of 2024.
When will the dividends be paid?
Dividends are set to be paid on February 21, 2025, to shareholders and unitholders of record as of February 14, 2025.
When will Kodiak report its financial results for 2024?
Kodiak is scheduled to release its financial results for the fourth quarter and the entire year of 2024 on March 5, 2025.
How can I participate in the conference call?
To join the conference call, you can dial 877-407-4012 and mention the Kodiak call at least 10 minutes before the start.
Is there a way to access a replay of the conference call?
A replay of the conference call will be available until March 20, 2025, accessible using access code 13751493.
