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THE WOODLANDS, Texas - Kodiak Gas Services, Inc. (NYSE:KGS) announced it will dual list its common stock on NYSE Texas, the fully electronic equities exchange based in Dallas, while maintaining its primary listing on the New York Stock Exchange. The company, currently valued at approximately $2.9 billion, has seen its stock trade at $33.49 with average daily volume of 1.65 million shares.
The company will begin trading on NYSE Texas on November 25, 2025, under its existing ticker symbol "KGS," according to a press release statement.
"We are excited to join NYSE Texas and support this pro-business initiative in the Lone Star State," said Mickey McKee, President and Chief Executive Officer of Kodiak Gas Services.
Texas serves as home to a significant portion of Kodiak’s operations and nearly 900 of its employees. The dual listing represents an extension of the company’s commitment to the state and its energy sector. According to InvestingPro data, Kodiak has raised its dividend for three consecutive years, currently offering a 5.85% yield, reflecting its strong ties to the energy-rich Texas economy.
Bryan Daniel, President of NYSE Texas, said, "Kodiak’s proven track record and strategic position in the energy infrastructure sector underscore the strength and growth potential of our marketplace."
Kodiak Gas Services provides contract compression services in the United States, serving as part of the infrastructure that enables natural gas and oil production and transportation. The company, headquartered in The Woodlands, Texas, offers compression and related services to oil and gas producers and midstream customers in gas gathering systems, processing facilities, gas lift applications and natural gas transmission systems.
In other recent news, Kodiak Gas Services has been the subject of several developments. The company announced the pricing of an underwritten offering of 10 million common shares at $33.60 per share, facilitated by Frontier TopCo Partnership, L.P., an affiliate of EQT Infrastructure funds. Although Kodiak will not receive any proceeds from this offering, it plans to repurchase 1 million of these shares under its existing buyback program. On the financial front, Kodiak’s third-quarter 2025 results were strong, according to RBC Capital, despite a one-time fee from divesting its Mexico assets. RBC Capital subsequently raised its price target for Kodiak to $45 while maintaining an Outperform rating. Similarly, Stifel increased its price target to $48, maintaining a Buy rating, citing the company’s growth outlook. In addition, William Blair initiated coverage of Kodiak with an Outperform rating, highlighting the company’s leadership in the compression industry. These developments reflect a period of strategic financial activity and positive analyst sentiment for Kodiak Gas Services.
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