Kodiak Gas Services, Inc. (KGS) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 11, 2026

Risk Assessment Details

Potential Dilution: 85.71% of current shares
Recent Dilution: 12.65% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
88M
Potential Supply
75M
Additional shares possible
Splits
None
Past 2 years

Summary

KGS currently has 87.5M outstanding shares. with significant dilution risk as 75M authorized shares could dilute existing holders by 85.7%. The company has diluted shareholders by 12.65% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 11, 2026

10-Q filing | 87.5M shares outstanding

88M 75M
Nov 13, 2025

8-K filing: Kodiak Gas Services, Inc. announced the closing of an offering of 10,000,000 shares of common stock by a Selling Stockholder at $33.60 per share, and the Company's repurchase of 1,000,000 of those shares at approximately $33.3 million. ($33.3M proceeds)

87M 75M
Nov 05, 2025

10-Q filing | 87.1M shares outstanding

87M 75M
Sep 09, 2025

8-K filing: Frontier TopCo Partnership, L.P., the Selling Stockholder, sold 10,000,000 shares of Kodiak Gas Services, Inc. common stock at a price of $34.40 per share in an offering that closed on September 9, 2025.

88M 75M
Aug 07, 2025

10-Q filing | 87.7M shares outstanding

88M 75M
May 08, 2025

10-Q filing | 87.9M shares outstanding

88M 75M
Mar 07, 2025

10-K filing | 85.2M shares outstanding

85M 75M
Nov 07, 2024

10-Q filing | 84.3M shares outstanding

84M 75M
Aug 13, 2024

10-Q filing | 84.2M shares outstanding

84M 75M
Jul 05, 2024

S-3 filing: Kodiak Gas Services, Inc. files an S-3 registration statement to register the offer and sale of common stock, preferred stock, warrants, and units by the company and the offer and sale of up to 59,000,000 shares of common stock by selling stockholders.

78M 75M
May 09, 2024

10-Q filing | 78.1M shares outstanding

78M 16M
Mar 07, 2024

10-K filing | 77.4M shares outstanding

77M 16M
Nov 09, 2023

10-Q filing | 76.9M shares outstanding

77M 16M
Aug 10, 2023

10-Q filing | 77.4M shares outstanding

77M 16M
Jun 27, 2023

S-1/A filing: This is an initial public offering of 16,000,000 shares of common stock of Kodiak Gas Services, Inc.

N/A 16M
Jun 20, 2023

S-1/A filing: Initial public offering of 16,000,000 shares of common stock with an expected price between $19.00 and $22.00 per share.

N/A 18M
Jun 02, 2023

S-1/A filing: This is an S-1/A filing for an initial public offering of common stock by Kodiak Gas Services, Inc.

N/A 0
May 05, 2023

S-1/A filing: This is an initial public offering of shares of common stock of Kodiak Gas Services, Inc.

N/A 0
Apr 21, 2023

S-1/A filing: Kodiak Gas Services, Inc. is offering shares of its common stock in an initial public offering.

N/A 0
Mar 31, 2023

S-1 filing: This is an initial public offering of shares of common stock of Kodiak Gas Services, Inc.

N/A 0
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