Kodiak Gas Services, Inc. (NYSE: KGS) commenced an underwritten public offering of $750 million in common stock shares, according to a company statement. The company also granted underwriters a 30-day option to purchase an additional $112.5 million in shares.

The Texas-based contract compression and energy infrastructure services provider plans to use proceeds for general corporate purposes, including repaying portions of outstanding borrowings under its asset-based lending facility. The company may also allocate funds toward growth capital for additional power generation equipment.

Goldman Sachs & Co. LLC and J.P. Morgan serve as joint book-running managers for the offering. The offering remains subject to market and other conditions, with no assurance regarding completion timing or final terms.

Kodiak filed the offering under an automatic shelf registration statement on Form S-3ASR with the Securities and Exchange Commission, which became effective upon filing on May 13, 2026. The company operates as a contract compression, distributed power, and energy infrastructure services provider serving oil and gas producers, midstream customers, and digital infrastructure operators.

The offering will proceed through a prospectus supplement and accompanying base prospectus. Potential investors can access documentation through the SEC website or by contacting the underwriters directly.