Kodiak Gas Services, Inc. Earnings Per Share Disclosure
| Year ended December 31, | ||||||||||||||||||||
| (in thousands, except per share data) | 2025 | 2024 | 2023 | |||||||||||||||||
| Net income attributable to common shareholders | $ | 80,521 | $ | 49,895 | $ | 20,066 | ||||||||||||||
| Less: Dividends paid and earnings allocated to non-forfeitable RSUs | (2,016) | (1,812) | — | |||||||||||||||||
| Net income used in basic and diluted earnings per share | $ | 78,505 | $ | 48,083 | $ | 20,066 | ||||||||||||||
| Basic weighted average shares of common stock | 87,199 | 83,094 | 68,059 | |||||||||||||||||
| Effect of dilutive securities: | ||||||||||||||||||||
| RSUs and PSUs | 1,016 | 1,244 | 268 | |||||||||||||||||
| Preferred shares | 308 | 832 | — | |||||||||||||||||
| Diluted weighted average shares of common stock | 88,523 | 85,170 | 68,327 | |||||||||||||||||
| Earnings per share attributable to common shareholders: | ||||||||||||||||||||
| Basic | $ | 0.90 | $ | 0.58 | $ | 0.29 | ||||||||||||||
| Diluted | $ | 0.89 | $ | 0.56 | $ | 0.29 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Mar 7, 2025 | |
| 2023 | Mar 7, 2024 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.