Kodiak Gas Services, Inc. (NYSE:KGS) ("Kodiak" or the "Company") today announced that it recently closed on the purchase of over 20,000 horsepower of large horsepower compression assets from a leading oil and gas producer in the Permian Basin for $24 million.

Kodiak will utilize the acquired compression assets to provide contract compression services to the seller under a seven‑year service agreement, generating more than $7 million in incremental annualized revenues. The acquired compression assets will be integrated into Kodiak's existing operating footprint in Texas and New Mexico, expanding the Company's presence in one of the most active producing regions in North America.

Including this transaction, Kodiak expects full year 2026 growth capital expenditures (excluding any capital expenditures related to the pending acquisition of Distributed Power Solutions, LLC) to be in the range of $245 million to $275 million. Kodiak now expects the sum of new units plus the units related to this acquisition to add approximately 170,000 compression horsepower in 2026.