Kodiak Gas Services Reports Second Quarter Net Income of $17.5 Million

Kodiak Gas Services, Inc.(KGS) has released its unaudited co ndensed consolidated financial statements for the second quarter ended June 30, 2023. The company reported a net income of $17.5 million for the quarter, showing substantial growth compared to the same period last year. The revenue generated during the second quarter amounted to $203.3 million, further indicating the company's robust performance.

Consolidated Balance Sheets

Current Assets Show Healthy Growth

As of June 30, 2023, Kodiak Gas Services, Inc. boasted total current assets of $262.2 million, a significant increase from the $204.0 million reported as of December 31, 2022. This growth can be attributed to the substantial increases in cash and cash equivalents, accounts receivable, and inventories.