Kodiak Gas Services, Inc. (NYSE:KGS) shares are trading lower after the company reported worse-than-expected fourth-quarter EPS results and issued FY24 guidance.
Revenue of $225.98 million beat the consensus of $224.5 million. Compression Operations segment adjusted gross margin expanded 140 basis points Q/Q. Adjusted EBITDA rose to $113.9 million in the quarter from $103.2 million in the prior year quarter.
The company reported an EPS loss of $(0.09), missing the EPS estimate of $0.29.
Horsepower utilization ended at 99.9% in …