10 stories mentioning KGS
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Kodiak Gas Services (KGS) has an average rating of Buy and mean price target of $82, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Kodiak Gas Services (KGS) has an average rating of buy and mean price target of $81.21, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Midstream energy companies focusing on natural gas liquids and crude logistics are heading into Q2 on a constructive note, buoyed by robust volume growth, elevated commodity prices, and soaring exports, TPH Energy Research strategists said in a note on Wednesday.TPH Energy Research strategists said the observations were based on industry interactions at the Energy Infrastructure Council conference.AJ O'Donnell, analyst at TPH Energy, said a key driver for the optimistic outlook is the strengthening of liquefied petroleum gas and NGL export fundamentals.O'Donnell said midstream executives said rising engagement with global buyers, especially from Asia, who are increasingly prioritizing supply diversity and security.The soaring demand comes as the market grapples with the impact of prolonged shipping disruptions in the Strait of Hormuz, a critical global energy chokepoint. The urgent demand for alternative supply routes has shifted the industry's focus toward infrastructure expansions.TPH said while several new export dock projects are already scheduled to come online over the next few years, executives are focused on the "next wave" of capacity expansions and additional brownfield opportunities.Targa Resources (TRGP) is seeing significant optionality at its Galena Park asset, with potential expansions expected to deliver improving economics as fixed costs are spread across a larger throughput base.The energy firm noted that incremental expansions at the site would yield progressively stronger economics as fixed operational costs are distributed across a larger volume base.Optimism also extended into the crude logistics sector, where Plains All American Pipeline (PAA) is re-evaluating its strategic footprint.Following its recent divestiture of certain NGL assets, the energy firm's management is focusing heavily on organic growth opportunities across its extensive pipeline network connecting the Permian Basin to the US Gulf Coast.Meanwhile, US midstream infrastructure firms are witnessing a robust pipeline of natural gas and power-related projects alongside strengthening demand trends across North America.Kinder Morgan (KMI) is advancing its Gulf Coast Express expansion project, which is expected to come online this quarter, while also progressing its Tennessee Gas Pipeline expansion, originally sized at about 500 million cubic feet per day.Trident Energy also continues to scale its development portfolio, targeting 1.5 billion cubic feet per day of capacity in 2027 and a further 0.5 Bcf/d in 2028, with major contract awards expected to begin in late 2027.DT Midstream (DTM) reported rising Northeast US demand, with its management pointing to about 7.5 Bcf/d of largely utility-scale demand, and noting potential upside from emerging modular power requirements.TPH Energy strategists said the energy firm also highlighted the flexibility of its Midwest Incremental Supply Transportation project, which can source gas from both the Northeast and western supply basins via interconnected pipeline networks.Energy Transfer (ET) said it continues to see strong demand across its system, particularly in the Permian Basin and around Abilene, Texas, where it is positioning itself as a key provider of redundancy and integrated gas services.The company also noted uncertainty around uncontracted "behind-the-pipe" gas volumes, though such volumes remain contractually protected in the near term.On the gas distribution side, Kodiak Gas Services (KGS) plans to grow its base business by 3% to 4% while expanding its power build-out ambitions, citing a 2-gigawatt development pipeline, supported by equipment-sourcing capacity and continued inbound interest in additional megawatt-scale projects.Meanwhile, Cheniere Energy (LNG) continues to advance its Corpus Christi and Sabine Pass liquefaction expansions, Van Everen said, with sufficient commercial agreements in place to support much of the two-train development.Once completed, the projects are expected to add about 6 million metric tons per annum of LNG capacity, with the firm targeting long-term contracted levels near historical averages of about 90%.Elsewhere, Excelerate Energy (EE) pointed to project opportunities in Jamaica, Vietnam and India, as the company looks to deploy floating LNG infrastructure to support emerging gas import markets.Price: $33.66, Change: $-0.65, Percent Change: -1.89%
Kodiak Gas Services (KGS) is expected to benefit from favorable compression market fundamentals amid the signing of longer-term contracts, RBC Capital Markets said in a note Friday.The note said compression operations remained strong with high utilization and higher rates thanks to favorable market dynamics.RBC analysts raised their 2026 estimate following Kodiak's Q1 results beat and updated guidance that included higher revenue and gross margin midpoints.They also raised 2027 estimate on strength in compression operations, and growth from the Power Infrastructure segment."The power opportunities are attractive with the targeted 5x EBITDA build and strong demand outlook," the analysts said.RBC maintained its outperform rating while raising its price target to $84 from $64 on higher estimates.Price: $75.48, Change: $+2.48, Percent Change: +3.40%
Energy stocks were edging higher pre-bell Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) marginally advancing.The United States Oil Fund (USO) was down 0.7% and The United States Natural Gas Fund (UNG) was 0.9% lower.Front-month US West Texas Intermediate crude oil was 0.4% lower at $100.62 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.6% to reach $105.02 per barrel, and natural gas futures were down 1.4% at $2.82 per 1 million British Thermal Units.Kodiak Gas Services (KGS) shares were down more than 4% after the company priced an underwritten public offering of 10.6 million shares at $71 apiece.Chevron (CVX) agreed to sell its downstream fuels and lubricants marketing businesses in Singapore, Malaysia, the Philippines, Australia, Vietnam and Indonesia, to ENEOS for $2.17 billion, ENEOS said. Chevron stock was 0.3% lower pre-bell.
Energy stocks were edging higher pre-bell Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.1%.The United States Oil Fund (USO) was down 0.9% and the United States Natural Gas Fund (UNG) was 1% lower.Front-month US West Texas Intermediate crude oil was 0.4% lower at $100.65 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.6% to $105.03 per barrel, and natural gas futures were down 0.9% at $2.84 per 1 million British Thermal Units.Kodiak Gas Services (KGS) shares were down more than 4% after the company priced an underwritten public offering of 10.6 million shares at $71 per share.
Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index rising 2.3% and the State Street Energy Select Sector SPDR ETF (XLE) climbing 2.6%.The Philadelphia Oil Service Sector Index was adding 1.9%, and the Dow Jones US Utilities Index rose 1.1%.Crude oil prices rose Monday after US President Donald Trump rejected Iran's counteroffer to end the war, extending uncertainty around oil flows through the Strait of Hormuz. Trump on Sunday described Iran's response to Washington's peace proposal as "totally unacceptable." The apparent US-Iran stalemate prolongs the effective closure of the Strait of Hormuz, the world's most important chokepoint for crude flows.Front-month West Texas Intermediate crude oil rose 2.9% to $98.16 a barrel, and the global benchmark Brent crude contract was advancing 2.9% to $104.18 a barrel. Henry Hub natural gas futures gained 5.5% to $2.91 per 1 million BTU.In corporate news, BP (BP) has a "second chance" to deleverage and restore financial health, supported by higher commodity prices that could put it on firmer footing in coming years, RBC Capital Markets said in a note. RBC upgraded BP to outperform from sector perform, while maintaining its 700 pence ($9.52) price target. BP shares rose 2%.Halliburton (HAL) and Blackstone (BX) will invest a combined $1 billion into energy startup VoltaGrid in a deal that values the firm at over $10 billion, Bloomberg reported. Halliburton shares added 1.4%.National Energy Services Reunited (NESR) shares surged 11% after it reported higher Q1 adjusted earnings and revenue.Kodiak Gas Services (KGS) shares jumped past 6% after it posted higher Q1 adjusted earnings and revenue.
Energy stocks were edging higher premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 1.2%.The United States Oil Fund (USO) was up 2.3% and The United States Natural Gas Fund (UNG) was 3.1% higher.Front-month US West Texas Intermediate crude oil was 2% higher at $97.28 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 2.1% to $103.40 per barrel, and natural gas futures were up 3.3% at $2.85 per 1 million British Thermal Units.Kodiak Gas Services (KGS) stock was up more than 10% after the company posted higher Q1 adjusted earnings and revenue.National Energy Services Reunited (NESR) shares were up more than 4% after the company reported higher Q1 adjusted earnings and revenue.Blackstone (BX) and Halliburton (HAL) will invest a combined $1 billion into energy startup VoltaGrid in a deal that values the firm at over $10 billion, Bloomberg News reported, citing people familiar with the matter. Shares of Halliburton were up more than 1% premarket.
Energy stocks were edging higher premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 1.3%.The United States Oil Fund (USO) was up 2.5% and the United States Natural Gas Fund (UNG) was 3.5% higher.Front-month US West Texas Intermediate crude oil was 3.1% higher at $98.42 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 3% to $104.33 per barrel, and natural gas futures were up 2.9% at $2.83 per 1 million British Thermal Units.Kodiak Gas Services (KGS) stock was up more than 8% after the company posted higher Q1 adjusted earnings and revenue.
Kodiak Gas Services (KGS), a leading provider of natural gas contract compression services, released its Q1 results on Monday, reporting total fleet horsepower of 4.47 million, up from 4.42 million during the corresponding period a year ago, reflecting continued strong demand for compression infrastructure across US natural gas markets.Revenue-generating horsepower increased to 4.39 million horsepower from 4.28 million horsepower, with fleet utilization following suit at 98.0%, from 96.9%.The company also said that it had secured more than 260 megawatts of additional power generation capacity as it accelerates the expansion of its newly acquired distributed power business.It expects to receive 61 MW of the new capacity during 2026, with the remaining equipment scheduled for delivery between 2027 and 2029Kodiak also noted that it expects annual power generation capacity additions of between 300 MW and 500 MW through 2030 as it scales its distributed power operations.It added that the recent equipment orders are expected to increase its available power generation capacity to more than 650 MW in the coming years, while providing a "clear line of sight" toward surpassing 2 gigawatts of total capacity by the end of the decade.