$KGS

Calumet (CLMT) stock rose 8.9% post-earnings, trading at $16.19. Kodiak Gas Services (KGS) reported $391.1M revenue, up 21.1% YoY, with stock up 10.5% to $62.81. Excelerate Energy (EE) saw $329.3M revenue, up 61% YoY, with stock up 3% to $39.65. DHT Holdings (DHT) reported $255.2M revenue, up 174% YoY, with stock up 13% to $20.19. Market focus has shifted from AI to geopolitics and back to fundamentals.

Kodiak Gas Services (KGS) CEO Robert Michael McKee sold 5,999 shares on Sept. 1, 2026, per SEC filing. The transaction, valued at ~$355,800, was part of a prearranged trading plan. Post-sale, McKee holds ~309,000 shares. KGS, with a $5.9B market cap, reported $1.4B TTM revenue and $80.4M net income. The stock has a 66% one-year return.

Kinder Morgan (KMI) and other infrastructure stocks reported strong Q2 earnings, with revenues up 14.1% on average. KMI's revenue rose 10.8% YoY, beating estimates. Genesis Energy (GEL) saw a 41% revenue increase, while DHT Holdings (DHT) had 174% growth. Expand Energy (EXE) and Kodiak Gas Services (KGS) also reported, with mixed results. Stocks in the sector are up 9.2% on average since earnings.

Excelerate Energy (NYSE:EE) reported $329.3M revenue, up 61% YoY, beating estimates. Kinder Morgan (NYSE:KMI) reported $4.48B revenue, up 10.8% YoY, also beating estimates. Expand Energy (NASDAQ:EXE) reported $2.51B revenue, down 10.6% YoY, but beat expectations. All companies' stock prices moved post-earnings.

Goldman Sachs increased its natural gas demand forecast due to data center growth, citing a 10-11 bcf/d increase from 2025-2030. The bank sees value in midstream gas stocks after a 12% pullback. Williams (WMB) and Kinder Morgan (KMI) were highlighted for their exposure to this trend, with both companies reporting strong Q2 results. Kodiak Gas (KGS) was also mentioned as a potential beneficiary.

Kodiak Gas Services (NYSE:KGS) reported Q2 2026 revenue of $391M (+21% Y/Y) and record adjusted EBITDA of $217M (+22%). Adjusted net income was $54M, or $0.55/share. Management outlined a shift from near-full-capacity compression to power buildout, including a Baker Hughes turbine deal for 1 GW by 2030 (option 1.8 GW). Full-year adjusted EBITDA guidance raised to $830M-$860M.

Kodiak Gas Services (KGS) Q2 2026 earnings call transcript highlights U.S. grid strain from rising data center demand and the need for behind-the-meter power. Kodiak said it added about 80,000 horsepower to its compression fleet in the first half of 2026 and expects ~170,000 for the year. It announced a multiyear Baker Hughes gas turbine supply agreement for 1 GW by 2030, with an option up to 1.8 GW, and discussed a West Texas data center project.

Argus reported on Kodiak Gas Services Inc. (KGS), raising its target price to $64.00. The company operates contract compression infrastructure in the United States, with business split into Contract Services and Other Services. The update matters for traders tracking analyst price targets and sentiment toward KGS.

European stocks eased from record highs as investors weighed earnings and Middle East risks. The pan-European Stoxx 600 fell 0.16% to 659.48. LSEG estimated 22% Q2 earnings growth. Healthcare slipped, with EssilorLuxottica down 4.3%. Nokia rose 9.6% on Lumentum forecast; Vestas gained 19.7% after raising outlook; Kingspan rose on a planned €850m BMC Manufacturing acquisition.

Stifel raised its price target for Kodiak Gas Services (NYSE:KGS) to $92 from $90 and kept a Buy rating, citing results that beat estimates. The firm said revenue and adjusted EBITDA exceeded forecasts by 2.3% and 1.0%. KGS trades around $62.03. The company also slightly lifted 2026 EBITDA guidance to $830 million to $860 million.