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24 stories mentioning KGSUpdated 2d ago

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Sectors

Sector Update: Energy Stocks Rise Monday Afternoon

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.

$BP$HAL$KGS$NESR
Sectors

Sector Update: Energy Stocks Edge Higher Premarket Monday

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.

$BX$HAL$KGS$NESR$UNG$USO$XLE
Sectors

Sector Update: Energy

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.

$KGS
Commodities

Kodiak Gas Services Reports Higher Fleet Horsepower, Expands Power Capacity Pipeline in Q1

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.

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