Kodiak Gas Services (KGS) 10-Q 9 Nov 23 2023 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2023	Nov. 09, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	001-41732
Entity Registrant Name	Kodiak Gas Services, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	83-3013440
Entity Address, Address Line One	15320 Highway 105 W
Entity Address, Address Line Two	Suite 210
Entity Address, City or Town	Montgomery
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77356
City Area Code	936
Local Phone Number	539-3300
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	KGS
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		77,400,000
Entity Central Index Key	0001767042
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 6,128	$ 20,431
Accounts receivable, net	116,875	97,551
Inventories, net	70,606	72,155
Fair value of derivative instruments	0	823
Contract assets	9,608	3,555
Prepaid expenses and other current assets	13,253	9,520
Total current assets	216,470	204,035
Property, plant and equipment, net	2,511,110	2,488,682
Operating lease right-of-use assets, net	33,453	9,827
Goodwill	305,553	305,553
Identifiable intangible assets, net	125,257	132,362
Fair value of derivative instruments	51,790	64,517
Other assets	607	564
Total assets	3,244,240	3,205,540
Current liabilities:
Accounts payable	48,835	37,992
Accrued liabilities	102,448	93,873
Contract liabilities	71,917	57,109
Total current liabilities	223,200	188,974
Long-term debt, net of unamortized debt issuance cost	1,747,912	2,720,019
Operating lease liabilities	34,026	6,754
Deferred tax liabilities	65,258	57,155
Other liabilities	2,052	3,545
Total liabilities	2,072,448	2,976,447
Commitments and contingencies (Note 13)
Stockholders’ Equity:
Common stock, par value $0.01 per share; 750,000,000 shares of common stock authorized, 77,400,000 and 59,000,000 shares of common stock issued and outstanding as of September 30, 2023 and December 31, 2022, respectively	774	590
Additional paid-in capital	956,465	33,189
Retained earnings	214,553	195,314
Total stockholders’ equity	1,171,792	229,093
Total liabilities and stockholders’ equity	$ 3,244,240	$ 3,205,540
Common stock, shares outstanding (in shares)	77,400,000	59,000,000

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	750,000,000	750,000,000
Common stock, shares issued (in shares)	77,400,000	59,000,000
Common stock, shares outstanding (in shares)	77,400,000	59,000,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenues:
Total revenues	$ 230,983	$ 182,645	$ 624,401	$ 528,137
Cost of operations (exclusive of depreciation and amortization shown below):
Depreciation and amortization	46,087	44,111	136,414	129,913
Selling, general and administrative expenses	19,648	11,190	46,171	32,760
Gain on sale of capital assets	0	(818)	(721)	(825)
Total operating expenses	170,025	124,392	441,028	363,631
Income from operations	60,958	58,253	183,373	164,506
Other income (expenses):
Interest expense, net	(39,710)	(49,859)	(182,030)	(104,616)
Loss on extinguishment of debt	(6,757)	0	(6,757)	0
Gain on derivatives	15,141	51,862	42,080	76,972
Other income (expense)	38	(19)	39	(10)
Total other income (expenses)	(31,288)	1,984	(146,668)	(27,654)
Income before income taxes	29,670	60,237	36,705	136,852
Income tax expense	7,904	14,337	9,765	32,496
Net income	$ 21,766	$ 45,900	$ 26,940	$ 104,356
Basic and diluted earnings per share
Basic net earnings per share (in dollars per share)	$ 0.28	$ 0.78	$ 0.41	$ 1.77
Diluted net earnings per share (in dollars per share)	$ 0.28	$ 0.78	$ 0.41	$ 1.77
Basic weighted average shares of common stock outstanding (in shares)	76,731,868	59,000,000	64,954,244	59,000,000
Diluted weighted average common shares of common stock outstanding (in shares)	76,899,483	59,000,000	65,121,859	59,000,000
Other Services
Revenues:
Total revenues	$ 44,310	$ 18,983	$ 78,412	$ 44,172
Cost of operations (exclusive of depreciation and amortization shown below):
Cost of operations	38,820	14,037	65,907	34,638
Compression Operations
Revenues:
Total revenues	186,673	163,662	545,989	483,965
Cost of operations (exclusive of depreciation and amortization shown below):
Cost of operations	$ 65,470	$ 55,872	$ 193,257	$ 167,145

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings
Beginning balance, shares (in shares) at Dec. 31, 2021		59,000,000
Beginning balance at Dec. 31, 2021	$ 960,071	$ 590	$ 871,403	$ 88,078
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity compensation - profits interests	483		(136)	619
Net income (loss)	49,555			49,555
Ending balance, shares (in shares) at Mar. 31, 2022		59,000,000
Ending balance at Mar. 31, 2022	1,010,109	$ 590	871,267	138,252
Beginning balance, shares (in shares) at Dec. 31, 2021		59,000,000
Beginning balance at Dec. 31, 2021	960,071	$ 590	871,403	88,078
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	104,356
Ending balance, shares (in shares) at Sep. 30, 2022		59,000,000
Ending balance at Sep. 30, 2022	226,910	$ 590	33,267	193,053
Beginning balance, shares (in shares) at Mar. 31, 2022		59,000,000
Beginning balance at Mar. 31, 2022	1,010,109	$ 590	871,267	138,252
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Distribution to parent	(838,000)		(838,000)
Net income (loss)	8,901			8,901
Ending balance, shares (in shares) at Jun. 30, 2022		59,000,000
Ending balance at Jun. 30, 2022	181,010	$ 590	33,267	147,153
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	45,900			45,900
Ending balance, shares (in shares) at Sep. 30, 2022		59,000,000
Ending balance at Sep. 30, 2022	226,910	$ 590	33,267	193,053
Beginning balance, shares (in shares) at Dec. 31, 2022		59,000,000
Beginning balance at Dec. 31, 2022	229,093	$ 590	33,189	195,314
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity compensation - profits interests	686		(193)	879
Net income (loss)	(12,343)			(12,343)
Ending balance, shares (in shares) at Mar. 31, 2023		59,000,000
Ending balance at Mar. 31, 2023	217,436	$ 590	32,996	183,850
Beginning balance, shares (in shares) at Dec. 31, 2022		59,000,000
Beginning balance at Dec. 31, 2022	229,093	$ 590	33,189	195,314
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	26,940
Ending balance, shares (in shares) at Sep. 30, 2023		77,400,000
Ending balance at Sep. 30, 2023	1,171,792	$ 774	956,465	214,553
Beginning balance, shares (in shares) at Mar. 31, 2023		59,000,000
Beginning balance at Mar. 31, 2023	217,436	$ 590	32,996	183,850
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity compensation - profits interests	222		193	29
Distribution to parent	(42,300)		(33,189)	(9,111)
Net income (loss)	17,517			17,517
Ending balance, shares (in shares) at Jun. 30, 2023		59,000,000
Ending balance at Jun. 30, 2023	192,875	$ 590	0	192,285
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Proceeds from initial public offering, net of underwriter discount (in shares)		18,400,000
Proceeds from initial public offering, net of underwriter discount	277,840	$ 184	277,656
Offering costs	(10,823)		(10,823)
Debt novation	687,590		687,590
Equity compensation - profits interests				502
Equity compensation - Omnibus Plan	2,042		2,042
Net income (loss)	21,766			21,766
Ending balance, shares (in shares) at Sep. 30, 2023		77,400,000
Ending balance at Sep. 30, 2023	$ 1,171,792	$ 774	$ 956,465	$ 214,553

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net income	$ 26,940	$ 104,356
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	136,414	129,913
Stock-based compensation expense	3,452	619
Amortization of debt issuance costs	11,260	9,453
Non-cash lease expense	3,132	2,066
Provision for credit losses	2,047	85
Inventory reserve	375	375
Gain on sale of capital assets	(721)	(825)
Change in fair value of derivatives	13,551	(86,676)
Deferred tax provision	6,312	26,807
Loss on extinguishment of debt	4,359	0
Changes in operating assets and liabilities:
Accounts receivable	(21,371)	5,048
Inventories	1,174	(9,904)
Contract assets	(6,053)	(8,111)
Prepaid expenses and other current assets	(3,733)	598
Accounts payable	3,257	403
Accrued and other liabilities	8,497	8,673
Contract liabilities	14,807	3,974
Net cash provided by operating activities	203,699	186,854
Cash flows from investing activities:
Purchase of capital assets	(145,573)	(199,707)
Proceeds from sale of capital assets	1,055	8,023
Other	(45)	(86)
Net cash used in investing activities	(144,563)	(191,770)
Cash flows from financing activities:
Borrowings on debt instruments	756,418	1,409,006
Payments on debt instruments	(1,021,556)	(545,730)
Payment of debt issuance cost	(32,759)	(27,819)
Proceeds from initial public offering, net of underwriter discounts	277,840	0
Offering costs	(9,247)	0
Loss on extinguishment of debt	(1,835)	0
Distribution to parent	(42,300)	(838,000)
Net cash used in financing activities	(73,439)	(2,543)
Net decrease in cash and cash equivalents	(14,303)	(7,459)
Cash and cash equivalents - beginning of period	20,431	28,795
Cash and cash equivalents - end of period	6,128	21,336
Supplemental cash disclosures:
Cash paid for interest	173,006	88,569
Cash paid for taxes	5,946	1,836
Supplemental disclosure of non-cash investing activities:
(Increase) decrease in accrued capital expenditures	(6,498)	8,773
Supplemental disclosure of non-cash financing activities:
Non-cash debt novation	(689,829)	0
Non-cash loss on extinguishment of debt	(563)	0
Non-cash offering costs	$ (792)	$ 0

Organization and Description of

Organization and Description of Business	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of Business	Organization and Description of Business Kodiak Gas Services, Inc. (together with its subsidiaries, referred to as “Kodiak” or the “Company”) began its operations in 2011. On February 8, 2019, Kodiak was acquired by entities affiliated with EQT AB (publ). On October 24, 2019, the Company acquired Pegasus Optimization Managers, LLC, a provider of natural gas compression operations. The Company is an operator of contract compression infrastructure in the U.S., primarily in the Permian Basin and Eagle Ford Shale with additional operations in the Powder River Basin, Mid-Continent Region, DJ Basin, Appalachian Basin, Barnett Shale / East Texas Region and Black Warrior Basin. The Company operates its compression units under fixed-revenue contracts with upstream and midstream customers. The Company manages its business through two operating segments: Compression Operations and Other Services. Compression Operations consists of operating Company-owned and customer-owned compression infrastructure for its customers to enable the production, gathering and transportation of natural gas and oil. Other Services consists of station construction, maintenance and overhaul, and other ancillary time and material-based offerings. See Note 18 (“Segments”). Stock Split On June 20, 2023, Kodiak’s board of directors approved a 590,000-for-1 split (the “Stock Split”) of the Company’s common stock. Prior to the consummation of the initial public offering of the Company’s common stock (the “IPO”), the Company was 100% owned by its parent, Frontier TopCo Partnership, L.P. (“Kodiak Holdings”). The Stock Split became effective upon filing of the Company’s Amended and Restated Certificate of Incorporation on June 28, 2023 in connection with the IPO. The par value of the Company’s common stock was not adjusted as a result of the Stock Split, however, the number of shares that the Company is authorized to issue increased to 750,000,000. As a result of the Stock Split, 59,000,000 shares of common stock were outstanding. All share and per share data shown in the accompanying condensed consolidated financial statements and related notes has been retroactively revised to give effect to the Stock Split for all periods presented. IPO

Basis of Presentation and Conso

Basis of Presentation and Consolidation	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The accompanying unaudited condensed consolidated financial statements of the Company have been prepared on the accrual basis using accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the SEC. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP are not required in these interim financial statements and have been condensed or omitted. Management believes that the information furnished reflects all normal recurring adjustments necessary to fairly present the Company’s consolidated financial position, results of operations and cash flows for the periods indicated. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements presented in Kodiak’s latest annual financial statements included in Kodiak’s final prospectus filed with the SEC on June 30, 2023 pursuant to Rule 424(b)(4) (the “IPO Prospectus”), which contain a more comprehensive summary of the Company’s accounting policies. The interim results reported herein are not necessarily indicative of results for a full year. These unaudited condensed consolidated financial statements include the accounts of Kodiak and its wholly owned subsidiaries. All significant intercompany transactions and balances have been eliminated upon consolidation. In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments—Credit Losses (“Topic 326”): Measurement of Credit Losses on Financial Instruments

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The following table disaggregates the Company’s revenue by type and timing of provision of services or transfer of goods (in thousands) : Three Months Ended September 30, 2023 2022 Services provided over time: Compression Operations $ 184,959 $ 162,063 Other Services 41,268 16,987 Total services provided over time 226,227 179,050 Services provided or goods transferred at a point in time: Compression Operations 1,714 1,599 Other Services 3,042 1,996 Total services provided or goods transferred at a point in time 4,756 3,595 Total revenue $ 230,983 $ 182,645 Nine Months Ended September 30, 2023 2022 Services provided over time: Compression Operations $ 539,576 $ 477,430 Other Services 69,543 39,757 Total services provided over time 609,119 517,187 Services provided or goods transferred at a point in time: Compression Operations 6,413 6,535 Other Services 8,869 4,415 Total services provided or goods transferred at a point in time 15,282 10,950 Total revenue $ 624,401 $ 528,137 The Company derives its revenue from contracts with customers, which comprise the following revenue streams: Compression Operations Compression Operations consists of operating Company-owned and customer-owned compression infrastructure for the Company’s customers, pursuant to fixed-revenue contracts enabling the production, gathering and transportation of natural gas and oil. Compression Operations for Company-owned, as well as customer-owned, compressors are generally satisfied over time as services are rendered based upon specific performance criteria identified in the applicable contract. The service performed is substantially the same during each period of the contract, and revenues are therefore recognized on a straight-line, time-based method over the contract term as the customer simultaneously receives and consumes the benefits provided by the service. If variable consideration exists, it is allocated to the distinct monthly service within the series to which such variable consideration relates. The Company has elected to apply the invoicing practical expedient to recognize revenue for such variable consideration, as the invoice corresponds to the value transferred to the customer based on the Company’s performance completed to date. Service revenue earned primarily on freight and crane charges that are directly reimbursable by the Company’s customers is recognized at the point in time the service is provided and control is transferred to the customer. At such time, the customer has the ability to direct the use of the benefits of such service after the performance obligation is satisfied. The amount of consideration the Company receives and revenue the Company recognizes is based upon the invoice amount. There are typically no material obligations for returns, refunds, or warranties. The Company’s standard contracts do not usually include non-cash consideration. Other Services This revenue stream primarily relates to compressor station construction services provided to certain customers and services provided based on time, parts and/or materials with customers. For most of the Company’s construction contracts, the Company integrates a significant set of tasks and components into a single contract for its customers. Hence, the entire contract is accounted for as one performance obligation. The Company recognizes revenue over time as the Company performance creates or enhances an asset that the customer controls. For construction services, revenue is recognized using an input method. Measure of the progress towards satisfaction of the performance obligation is based on the actual amount of labor and material costs incurred. The amount of the transaction price recognized as revenue is determined by multiplying the transaction price by the ratio of actual costs incurred to total estimated costs expected for the construction services. Judgment is involved in the estimation of the progress toward completion. Any adjustments to the measure of the progress toward completion is accounted for on a prospective basis. Changes to the scope of service are recognized as an adjustment to the transaction price in the period in which the change occurs. Services provided based on time spent, parts and/or materials is generally short-term in nature and labor rates and parts pricing is agreed upon prior to commencing the service. As revenue is recognized when time passes, this revenue is recognized at the point in time when the service is rendered. Contract Assets and Liabilities The Company recognizes a contract asset when the Company has the right to consideration in exchange for goods or services transferred to a customer. Contract assets are transferred to trade receivables when the rights become unconditional. The Company had contract assets of $9.6 million and $3.6 million as of September 30, 2023, and December 31, 2022, respectively. There was no contract asset balance as of January 1, 2022. The Company records contract liabilities when cash payments are received or due in advance of performance. The Company’s contract liabilities were $71.9 million as of September 30, 2023. As of January 1, 2023 and 2022, the beginning balances for contract liabilities were $57.1 million and $51.2 million, respectively, all of which was recognized as revenue in the nine months ended September 30, 2023 and 2022, respectively. No revenue was recognized from beginning balances in the three months ended September 30, 2023 and 2022. Performance Obligations As of September 30, 2023, the aggregate amount of transaction price allocated to unsatisfied performance obligations related to the Company’s revenue for the Compression Operations segment is $1.1 billion. The Company expects to recognize these remaining performance obligations as follows (in thousands) : Remainder of 2024 2025 2026 2027 and Total Remaining performance obligations $ 162,915 $ 504,092 $ 241,526 $ 101,568 $ 54,906 $ 1,065,007

Accounts Receivable, net

Accounts Receivable, net	9 Months Ended
	Sep. 30, 2023
Accounts Receivable, after Allowance for Credit Loss [Abstract]
Accounts Receivable, net	Accounts Receivable, net Accounts receivable, net consist of the following ( in thousands ): As of September 30, As of December 31, As of December 31, Accounts receivable $ 119,869 $ 98,500 $ 81,708 Allowance for credit losses 2,994 949 959 Accounts receivable, net $ 116,875 $ 97,551 $ 80,749

Inventories, net

Inventories, net	9 Months Ended
	Sep. 30, 2023
Inventory Disclosure [Abstract]
Inventories, net	Inventories, net Inventories consist of the following ( in thousands ): As of September 30, As of December 31, Non-serialized parts $ 59,093 $ 61,082 Serialized parts 11,513 11,073 Total inventories $ 70,606 $ 72,155

Property, Plant and Equipment,

Property, Plant and Equipment, net	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment, net	Property, Plant and Equipment, net Property, plant and equipment, net consist of the following ( in thousands ): As of September 30, As of December 31, Compression equipment $ 3,113,641 $ 2,973,599 Trailers and vehicles 9,239 7,193 Field equipment 18,385 15,501 Technology hardware and software 10,330 6,698 Leasehold improvements 4,209 1,947 Shipping containers 3,349 3,137 Furniture and fixtures 1,570 1,519 Finance lease 530 981 Land 20 — Total property and equipment, gross 3,161,273 3,010,575 Less: accumulated depreciation (650,163) (521,893) Property, plant and equipment, net $ 2,511,110 $ 2,488,682

Goodwill and Identifiable Intan

Goodwill and Identifiable Intangible Assets, Net	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Identifiable Intangible Assets, Net	Goodwill and Identifiable Intangible Assets, net There were no changes in the carrying amount of goodwill during the nine months ended September 30, 2023. All of the goodwill was allocated to the Company’s Compression Operations reporting unit. The Company’s identifiable intangible assets consist of the following as of September 30, 2023 and December 31, 2022 ( in thousands ): As of September 30, 2023 Original Cost Accumulated Amortization Net Amount Remaining Weighted Trade name $ 13,000 $ (3,018) $ 9,982 15.4 Customer relationships 150,000 (34,725) 115,275 13.1 Total identifiable intangible assets $ 163,000 $ (37,743) $ 125,257 As of December 31, 2022 Original Cost Accumulated Net Amount Remaining Weighted Trade name $ 13,000 $ (2,531) $ 10,469 16.1 Customer relationships 150,000 (28,107) 121,893 13.8 Total identifiable intangible assets $ 163,000 $ (30,638) $ 132,362 Amortization expense was $2.4 million and $7.1 million for each of the three and nine months ended September 30, 2023 and 2022 and is recorded within depreciation and amortization on the condensed consolidated statements of operations. As of September 30, 2023, the following is a summary of future minimum amortization expense for identified intangible assets ( in thousands ): Amount Years ending December 31, Remainder of 2023 $ 2,368 2024 9,474 2025 9,474 2026 9,474 2027 9,474 Thereafter 84,993 Total $ 125,257

Long-Lived and Other Asset Impa

Long-Lived and Other Asset Impairment	9 Months Ended
	Sep. 30, 2023
Asset Impairment Charges [Abstract]
Long-Lived and Other Asset Impairment	Long-Lived and Other Asset Impairment Long-lived assets, including property, plant, and equipment, and other finite-lived identifiable intangible assets, are reviewed for impairment whenever events or changes in circumstances, including the removal of compressors from the active fleet, indicate that the carrying amount of an asset may not be recoverable. Such events and changes may include significant changes in performance relative to expected operating results, significant changes in asset use, significant negative industry or economic trends, and changes in the Company’s business strategy, among others. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the assets to estimated future undiscounted net cash flows expected to be generated by the asset. Impairment losses are recognized in the period in which the impairment occurs and represent the excess of the asset carrying value over its estimated future discounted net cash flows. No impairment was recorded nor triggering events were identified for the three and nine month periods ended September 30, 2023 and 2022.

Debt and Credit Facilities

Debt and Credit Facilities	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Debt and Credit Facilities	Debt and Credit Facilities Debt consists of the following (in thousands) : As of September 30, As of December 31, ABL Facility $ 1,789,086 $ 1,754,224 Term Loan — 1,000,000 Total debt outstanding 1,789,086 2,754,224 Less: unamortized debt issuance cost (41,174) (34,205) Long-term debt, net of unamortized debt issuance cost $ 1,747,912 $ 2,720,019 ABL Facility As of January 1, 2022, a wholly-owned subsidiary of Kodiak had a revolving asset-based loan credit facility (the “ABL Facility”) with unaffiliated secured lenders and JPMorgan Chase Bank, N.A., as administrative agent. On May 19, 2022, wholly-owned subsidiaries of Kodiak entered into the Third Amendment to the Third Amended and Restated Credit Agreement which mainly served to amend the applicable rate from LIBOR to the Secured Overnight Financing Rate (“SOFR”) and allow for the return of capital to the parent of Kodiak in the amount of $838 million by increasing borrowings on the ABL Facility by $225 million, increasing the Term Loan by $600 million and utilizing $13 million of cash on hand. In addition, the ABL Facility size was increased from $1.9 billion to $2.1 billion to increase available liquidity under the facility. New lender fees and costs totaling $13.2 million were incurred as a result of the amendment and will be amortized over the life of the loan to interest expense. On March 22, 2023, wholly-owned subsidiaries of Kodiak entered into the Fourth Amended and Restated Credit Agreement with the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (as amended or restated from time to time, the “ABL Credit Agreement”) which mainly served to extend the maturity date from June 2024 to March 2028. The total facility size was increased from $2.1 billion to $2.2 billion to increase available liquidity under the facility. New lender fees and costs totaling $31.8 million were incurred and will be amortized over the life of the loan to interest expense. An additional $4.2 million in accrued interest related to exiting lenders was expensed and paid in the period. The remaining unamortized debt issuance costs of $1.2 million associated with the exiting lenders was written-off in interest expense, net in the period. On May 31, 2023, the ABL Credit Agreement was amended to, among other things, permit distributions of overallotment proceeds from the IPO and revise the terms related to the payment and prepayment of the Term Loan. On June 27, 2023, the ABL Credit Agreement was further amended to remove the ability to make distributions related to overallotment proceeds from the IPO and to instead require prepayment of the obligations upon the issuance of any equity interests by Kodiak pursuant to the overallotment in the IPO. In connection with the IPO, the Company became a borrower under the ABL Facility. As of September 30, 2023, there was $14.7 million letters of credit outstanding under the ABL Facility. Pursuant to the ABL Credit Agreement, the Company must comply with certain restrictive covenants, including a minimum interest coverage ratio of 2.5x and a maximum Leverage Ratio (calculated based on the ratio of Consolidated Total Debt to Consolidated EBITDA, each as defined in the ABL Credit Agreement). The maximum Leverage Ratio is (i) 5.25 to 1.00 for the fiscal quarters ending September 30, 2023 and December 31, 2023, (ii) 5.00 to 1.00 for the fiscal quarter ending March 31, 2024, (iii) 4.75 to 1.00 for the fiscal quarter ending June 30, 2024 and (iv) 4.50 to 1.00 for each fiscal quarter ending on or after September 30, 2024. All loan amounts are collateralized by essentially all the assets of the Company. The Company was in compliance with all covenants as of September 30, 2023 and December 31, 2022. The ABL Credit Agreement also restricts the Company’s ability to: incur additional indebtedness and guarantee indebtedness; pay dividends or make other distributions or repurchase or redeem equity interests; prepay, redeem or repurchase certain debt; issue certain preferred units or similar equity securities; make loans and investments; sell, transfer or otherwise dispose of assets; incur liens; enter into transactions with affiliates; enter into agreements restricting the Company’s restricted subsidiaries’ ability to pay dividends; enter into certain swap agreements; amend certain organizational documents; enter into sale and leaseback transactions; and consolidate, merge or sell all or substantially all of the Company’s assets. The applicable interest rates as of September 30, 2023 were 10.25% (prime rate plus 2.00%) and 8.34% (Term SOFR rate plus 0.10% plus 2.75%). The applicable interest rates as of December 31, 2022 were 9.50% (prime rate plus 2.00%) and 7.60% (Term SOFR rate plus 0.10% plus 3.00%). We pay an annualized commitment fee of 0.25% on the unused portion of our ABL Facility if borrowings are greater than 50% of total commitments and 0.50% on the unused portion on the ABL Facility if borrowings are less than 50% of total commitments. The ABL Facility is a “revolving credit facility” that includes a lock box arrangement whereby, under certain events, remittances from customers are forwarded to a bank account controlled by the administrative agent and are applied to reduce borrowings under the facility. One such event occurs when availability under the ABL Credit Agreement falls below a specified threshold (i.e., the greater of $200 million or 10% of the aggregate commitments at the time of measurement). As of September 30, 2023 and December 31, 2022, availability under the ABL Facility was in excess of the specified threshold and as such the entire balance was classified as long-term in accordance with its maturity. Term Loan As of January 1, 2022, a wholly-owned subsidiary of Kodiak had a term loan (the “Term Loan”) pursuant to a credit agreement with unaffiliated unsecured lenders and Wells Fargo Bank, N.A., as administrative agent. In May 2022, the Company completed a recapitalization and distribution of $838 million to the parent of Kodiak primarily by increasing the borrowings from the ABL Facility by $225 million and the Term Loan by $600 million per the Amended and Restated Term Loan Credit Agreement entered into by the Company on May 19, 2022 (as amended from time to time, the “Term Loan Credit Agreement”) and utilizing $13 million of cash on hand. New lender fees and costs totaling $14.6 million were incurred for this amendment and will be amortized over the life of the loan to interest expense. On March 31, 2023, the Company’s wholly-owned subsidiary entered into the First Amendment to the Amended and Restated Term Loan Credit Agreement pursuant to which the maturity date was extended to September 22, 2028. Lender fees and costs totaling $0.75 million were incurred for this amendment and were amortized over the life of the loan to interest expense. On June 29, 2023, the Company terminated all interest rate swaps and collars attributable to the Term Loan and recognized a gain on derivatives and received cash of $25.8 million during the period ended June 30, 2023 (the “Term Loan Derivative Settlement”). On July 3, 2023, in connection with the IPO, the Company used the net proceeds from the IPO, together with the proceeds resulting from the Term Loan Derivative Settlement and borrowings under the ABL Facility, to repay $300 million of borrowings outstanding under the Term Loan. Additionally, a subsidiary of Kodiak entered into a Novation, Assignment, and Assumption Agreement ("Novation Agreement") with Kodiak Holdings, pursuant to which all of the Company’s remaining obligations under the Term Loan were assumed by Kodiak Holdings, and the Company’s obligations thereunder were terminated. The Company is no longer a borrower or guarantor under, nor otherwise obligated with respect to the debt outstanding under the Term Loan. As part of the $300 million repayment of the Term Loan, unamortized debt issuance costs of $4.4 million and fees of $2.4 million were recorded to loss on extinguishment for the three and nine months ended September 30, 2023. The carrying value of the term debt novated under the Novation Agreement of $689.8 million (comprised of $700.0 million of principal balance less $10.2 million of unamortized debt issuance costs) was considered an equity transaction with the Parent and recorded to additional paid-in capital in the statement of stockholder's equity. As of September 30, 2023, the scheduled maturities, without consideration of potential mandatory prepayments, of the long-term debt were as follows ( in thousands ): Amount Years ended December 31, Remainder of 2023 $ — 2024 — 2025 — 2026 — 2027 — Thereafter 1,789,086 Total $ 1,789,086

Derivative Instruments

Derivative Instruments	9 Months Ended
	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments The Company has entered into interest rate swaps exchanging variable interest rates for fixed interest rates and in prior periods, entered into interest rate collars that fix interest rates within a range through the simultaneous purchase of an interest rate cap and sale of an interest rate floor. The Company has not designated any derivative instruments as hedges for accounting purposes and does not enter into such instruments for speculative or trading purposes. The Company’s derivative instruments are recognized on the unaudited condensed consolidated balance sheets at fair value and classified as current or long-term depending on the maturity date of the derivative instrument and whether the net carrying value is in a net asset or net liability position. Realized and unrealized gains and losses associated with the derivative instruments are recognized in gain on derivative instrument within the unaudited condensed consolidated statements of operations. On June 29, 2023, the Company terminated $750.0 million of notional amounts related to interest rate swaps and collars attributable to the Term Loan and recognized a gain on derivatives of $25.8 million during the nine months ended September 30, 2023. The table below summarizes information related to the notional amount and maturity dates for interest rate swaps at September 30, 2023: Notional Amount Maturities $125,000,000 12/4/2024 $225,000,000 12/5/2024 $200,000,000 6/14/2025 $125,000,000 12/6/2025 $175,000,000 6/14/2026 $125,000,000 6/22/2026 $125,000,000 12/6/2026 $75,000,000 5/18/2027 $100,000,000 5/19/2027 $200,000,000 5/19/2027 $125,000,000 12/6/2027 Of the total notional amount of $1.6 billion, $375 million is related to forward dated interest rate swaps with an effective date after September 30, 2023. The following tables set forth the Company’s assets that were measured at fair value on a recurring basis during the period, by level, within the fair value hierarchy and classification of the Company’s derivative instruments not designated as hedging instruments on the accompanying condensed consolidated balance sheets ( in thousands ): As of September 30, 2023 Level 1 Level 2 Level 3 Total Current assets: Interest rate swaps $ — $ — $ — $ — Total current assets $ — $ — $ — $ — Non-current assets: Interest rate swaps $ — $ 51,790 $ — $ 51,790 Total non-current assets $ — $ 51,790 $ — $ 51,790 Total $ — $ 51,790 $ — $ 51,790 As of December 31, 2022 Level 1 Level 2 Level 3 Total Current assets: Interest rate swaps $ — $ 823 $ — $ 823 Total current assets $ — $ 823 $ — $ 823 Non-current assets: Interest rate swaps $ — $ 48,955 $ — $ 48,955 Interest rate collars — 15,562 — 15,562 Total non-current assets $ — $ 64,517 $ — $ 64,517 Total $ — $ 65,340 $ — $ 65,340 The following table summarizes the effects of the Company’s derivative instruments in the condensed consolidated statements of operations ( in thousands ): Derivative Instruments Not Location of Gain Recognized Three Months Ended September 30, 2023 2022 Interest rate swaps Gain on derivatives $ 15,141 $ 44,809 Interest rate collars Gain on derivatives — 7,053 Total gain on derivative $ 15,141 $ 51,862 Derivative Instruments Not Location of Gain (Loss) Recognized Nine Months Ended September 30, 2023 2022 Interest rate swaps Gain on derivatives $ 42,649 $ 54,796 Interest rate collars Gain (loss) on derivatives (569) 22,176 Total gain on derivative $ 42,080 $ 76,972 We record derivative instruments at fair value using level 2 inputs of the fair value hierarchy. The interest rate swaps and interest rate collars are valued using a discounted cash flow analysis on the expected cash flows of each derivative using observable inputs from actively quoted public markets. including interest rate curves and credit spreads.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company’s financial instruments consist primarily of cash and cash equivalents, accounts receivable, accounts payable, accrued liabilities, derivative instruments and long-term debt. The carrying amounts of cash and cash equivalents, accounts receivable, accrued liabilities, and accounts payable are representative of their respective fair values due to the short-term maturity of these instruments. The fair value of debt and contingent consideration are considered Level 3 measurements. These fair value measurements are based on unobservable inputs. The fair value of variable rate long-term debt is based upon the current market rates for debt with similar credit risk and maturity which approximates fair value. Debt includes the ABL Facility and is shown net of unamortized debt issuance cost in the tables below. The contingent consideration liability is measured at fair value each reporting period and changes in estimates of fair value are recognized in earnings. The fair value estimate reflects the contractual terms of the purchase agreement (e.g., potential payment amounts, length of measurement periods, manner of calculating any amounts due) and utilizes assumptions with regard to future cash flows, probabilities of achieving such future cash flows and a discount rate. Depending on the contractual terms of the purchase agreement, the probability of achieving future cash flows generally represents the only significant unobservable input. There was no change in the fair value of contingent consideration during the three and nine months ended September 30, 2023. See fair value tables below ( in thousands ): As on September 30, 2023 Level 1 Level 2 Level 3 Total Debt $ — $ — $ 1,747,912 $ 1,747,912 Contingent Consideration — — 3,673 3,673 Total $ — $ — $ 1,751,585 $ 1,751,585 As of December 31, 2022 Level 1 Level 2 Level 3 Total Debt $ — $ — $ 2,720,019 $ 2,720,019 Contingent Consideration — — 3,673 3,673 Total $ — $ — $ 2,723,692 $ 2,723,692

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2023
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders’ Equity Holders of the Company’s common stock are entitled to one vote for each share. As of September 30, 2023 and December 31, 2022, there were 77,400,000 and 59,000,000 shares of common stock issued and outstanding, respectively. Holders of common stock are entitled to receive, in the event of a liquidation, dissolution or winding up, ratably the assets available for distribution to the stockholders after payment of all liabilities. On July 3, 2023, 16,000,000 shares of common stock were issued and sold as part of the closing of the IPO, resulting in net proceeds of $230.8 million, after deducting expenses and underwriting discounts and commissions payable by us. On July 13, 2023, the underwriters exercised in full their option to purchase additional shares of common stock pursuant to the underwriting agreement relating to the IPO. On July 13, 2023, the Company issued and sold an additional 2,400,000 shares of common stock at a price to the public of $16.00 per share. The Company received net proceeds of approximately $36.2 million, after deducting underwriting discounts and commissions payable. The net proceeds were used for repayment of existing indebtedness and general corporate purposes. After giving effect to these transactions, Kodiak had 77,400,000 shares of common stock issued and outstanding. Class B and C Profits Interests Prior to the IPO, Kodiak Holdings issued incentive awards to certain employees of Kodiak Gas Services, LLC (a wholly-owned subsidiary of the Company) in the form of Class B incentive units (“Class B Units”). The Company records stock-based compensation expense associated with the Class B Units because of the employment relationship of the grantees with Kodiak Gas Services, LLC. On March 6, 2019, 61,098.4 Class B Units were authorized under the Kodiak Holdings 2019 Class B Unit Incentive Plan for grants to certain employees and non-employee board members. These Class B Units are intended to constitute “profits interests” for federal income tax purposes, but constitute a substantive class of equity under GAAP. As of September 30, 2023 , there were 60,406.9 authorized Class B Units and 57,058.5 were outstanding. As of December 31, 2022, there were 61,068.0 authorized Class B Units and 60,363.4 were outstanding. There were no Class B Units granted in the nine months ended September 30, 2023 or 2022. Twenty-five percent (25%) of the Class B Units are subject to time vesting (the “Time-Vesting Units”) and the remaining 75% of the Class B Units are subject to performance-vesting (the “Performance-Vesting Units”). Time-Vesting Units vest in equal annual installments on each of the first five anniversaries of the applicable vesting commencement date, subject to the Class B Unit holder’s continuous service through the applicable vesting date. Performance-Vesting Units vest based on the achievement of certain investor return metrics, subject to the Class B Unit holder’s continuous service through the applicable vesting date. Holders of Class B Units are entitled to distributions on vested awards in accordance with the Kodiak Holdings distribution waterfall. Class B Units are not subject to any conversion rights other than an automatic conversion to Class C incentive units (“Class C Units”) in connection with certain terminations of employment. Each Class C Unit is eligible to receive distributions up to an amount equal to the fair market value of the corresponding converted Class B Unit on the date of conversion. As of September 30, 2023 no material conversions had occurred. There are no performance hurdles associated with the Time-Vesting Units. The fair value of each incentive award was estimated on its applicable grant date using an option pricing model. Stock compensation expense is recognized ratably over the vesting period of the awards. During the nine months ended September 30, 2023 and 2022, approximately $1.4 million and $0.6 million, respectively, in stock compensation expense was recognized in selling, general and administrative expenses. As of September 30, 2023, there were 3,079.1 unvested Time-Vesting Units, representing $0.5 million in unrecognized stock compensation expense. 2023 Omnibus Incentive Plan On June 20, 2023, Kodiak’s board of directors authorized and adopted the Kodiak Gas Services, Inc. Omnibus Incentive Plan (the “Omnibus Plan”) for employees, consultants and directors. The Omnibus Plan enables Kodiak’s board of directors (or a committee authorized by Kodiak’s board of directors) to award incentive and non-qualified stock options, stock appreciation rights, restricted stock, restricted stock units, stock awards, dividend equivalents, other stock-based awards, cash awards and substitute awards intended to align the interests of service providers, including the Company’s named executive officers, with those of the Company’s stockholders. A total of 6,375,000 shares of common stock have been reserved for issuance pursuant to awards under the Omnibus Plan. On June 29, 2023, Kodiak granted 1,297,188 shares of common stock equity awards to certain employees, including Kodiak’s named executive officers, pursuant to awards under the Omnibus Plan. 985,313 of the shares were granted pursuant to awards of time-based restricted stock units (“RSUs”) that vest ratably over a three-year period, subject to continuous service through each vesting date. 311,875 of the shares were granted pursuant to awards of performance stock units (“PSUs”) that cliff vest at the end of a three-year performance period, with the ultimate number of shares earned and issued ranging from 0-190% of the number of shares subject to the PSU award, subject to continuous service through the end of the performance period. The following table summarizes award activity under the Omnibus Plan for the nine-month period ending September 30, 2023: RSUs PSUs Number of Weighted-Average Price Number of Weighted-Average Price Outstanding at December 31, 2022 — — — — Granted 985,313 $ 16.00 311,875 $ 16.99 Vested or exercised — — — — Forfeited (20,679) — — — Outstanding at September 30, 2023 964,634 $ 16.00 311,875 $ 16.99 Restricted stock awards expected to vest 964,634 $ 16.00 311,875 $ 16.99 As of September 30, 2023, the total future compensation cost related to non-vested equity awards was approximately $18.7 million assuming the performance-based restricted stock units vest at 100% per the terms of the applicable award. During the three and nine months ended September 30, 2023, approximately $2.0 million in stock compensation expense was recognized in selling, general and administrative expenses. There was no such expense recorded for the three and nine months ended September 30, 2022.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Purchase Commitments Purchase commitments primarily consist of future commitments to purchase new compression units ordered but not received. The commitments as of September 30, 2023, were $215.7 million, of which $182.9 million is expected to be settled within the next twelve months. Contingent Consideration The Company agreed to pay, as contingent consideration, up to $3.7 million of certain past due accounts receivable acquired in connection with a prior acquisition in 2019, if collected, to the seller. The Company records contingent consideration at the acquisition and end of reporting periods at fair value in accrued liabilities. As of September 30, 2023 and December 31, 2022, none of the outstanding receivables had been collected. Sales Tax Contingency Between October 2019 and April 2023, the Company received notices from the Texas Comptroller’s office in regards to audits for periods ranging from December 2015 through December 2022. The audits pertain to whether the Company may owe sales tax on certain of its compression equipment that it had purchased during that time period. As of December 31, 2022, the Company had accrued a total amount of $27.8 million for this contingent liability. During the nine months ended September 30, 2023, based on current information the Company accrued an additional $0.9 million and as of September 30, 2023, the Company had accrued a total of $28.7 million for this contingent liability. Legal Matters

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	9 Months Ended
	Sep. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current Assets	Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consist of the following ( in thousands ): As of As of Prepaid insurance $ 3,733 $ 3,997 Prepaid rent 799 589 Deferred IPO issuance costs — 3,047 Deferred project costs 3,538 — Interest rate swap receivable 1,559 — Other 3,624 1,887 Total prepaid expenses and other current assets $ 13,253 $ 9,520

Accrued Liabilities

Accrued Liabilities	9 Months Ended
	Sep. 30, 2023
Payables and Accruals [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities consist of the following ( in thousands ): As of As of Sales tax liability $ 28,688 $ 27,820 Accrued interest 11,746 16,347 Accrued bonus 10,475 7,764 Accrued taxes 14,675 9,667 Accrued payroll 1,036 2,744 Accrued legal fee 1,823 1,906 Lease liabilities - current portion — 3,090 Contingent consideration 3,673 3,673 Accrued accounts payable 16,629 14,080 Accrued insurance 109 2,231 Station construction accrual 12,361 — Other 1,233 4,551 Total accrued liabilities $ 102,448 $ 93,873

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For the three and nine months ended September 30, 2023, the Company recorded income tax expense of $7.9 million and $9.8 million, respectively. Income tax expense for the three and nine months ended September 30, 2022 was $14.3 million and $32.5 million, respectively. The effective tax rate was approximately 26.6% and 26.6% for the three and nine months ended September 30, 2023, compared to 23.8% and 23.7% for the three and nine months ended September 30, 2022. The difference between the Company’s effective tax rates for the three and nine months ended September 30, 2023 and 2022 and the U.S. statutory tax rate of 21% was primarily due to state income taxes. In August 2022, the U.S. Inflation Reduction Act of 2022 and the CHIPS and Science Act of 2022 were signed into law. These acts include, among other provisions, a corporate alternative minimum tax of 15%, an excise tax on the repurchase of corporate stock, various climate and energy provisions, and incentives for investment in semiconductor manufacturing. These provisions are not expected to have a material impact on the Company’s results of operations or financial position.

Defined Contribution Plan

Defined Contribution Plan	9 Months Ended
	Sep. 30, 2023
Defined Contribution Plan [Abstract]
Defined Contribution Plan	Defined Contribution Plan The Company maintains a defined contribution savings plan for its employees. The Company contributed $0.7 million and $2.3 million to the plan for the three and nine months ended September 30, 2023, respectively. The Company contributed $0.7 million and $2.1 million to the plan for the three and nine months ended September 30, 2022, respectively.

Segments

Segments	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Segments	Segments The Company manages its business through two operating segments: Compression Operations and Other Services. Compression Operations consists of operating Company-owned and customer-owned compression infrastructure for its customers, pursuant to fixed-revenue contracts to enable the production, gathering and transportation of natural gas and oil. Other Services consists of a full range of contract services to support the needs of customers, including station construction, maintenance and overhaul, and other ancillary time and material based offerings. The Company evaluates performance and allocates resources based on the gross margin of each segment, which includes revenues directly attributable to the specific segment and all costs of service directly attributable to the specific segment, which includes cost of operations and depreciation and amortization. Depreciation and amortization for the Compression Operations segment was $46.1 million and $136.4 million for the three and nine months ended September 30, 2023 respectively. Depreciation and amortization for the Compression Operations segment was $44.1 million and $129.9 million for the three and nine months ended September 30, 2022 respectively. Revenue includes only sales to external customers. The following table represents financial metrics by segment ( in thousands ): Compression Other Total Three Months Ended September 30, 2023 Revenue $ 186,673 $ 44,310 $ 230,983 Gross margin 75,116 5,490 80,606 Total assets 3,213,764 30,476 3,244,240 Capital expenditures 51,539 — 51,539 Three Months Ended September 30, 2022 Revenue $ 163,662 $ 18,983 $ 182,645 Gross margin 63,679 4,946 68,625 Total assets 3,133,249 3,715 3,136,964 Capital expenditures 53,755 — 53,755 Compression Other Total Nine Months Ended September 30, 2023 Revenue $ 545,989 $ 78,412 $ 624,401 Gross margin 216,318 12,505 228,823 Total assets 3,213,764 30,476 3,244,240 Capital expenditures 145,573 — 145,573 Nine Months Ended September 30, 2022 Revenue $ 483,965 $ 44,172 $ 528,137 Gross margin 186,907 9,534 196,441 Total assets 3,133,249 3,715 3,136,964 Capital expenditures 199,707 — 199,707 The following table reconciles total gross margin to income before income taxes ( in thousands ): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Total gross margin $ 80,606 $ 68,625 $ 228,823 $ 196,441 Selling, general and administrative expenses (19,648) (11,190) (46,171) (32,760) Gain on sale of capital assets — 818 721 825 Interest expense, net (39,710) (49,859) (182,030) (104,616) Loss on extinguishment of debt (6,757) — (6,757) — Gain on derivatives 15,141 51,862 42,080 76,972 Other (expense) income 38 (19) 39 (10) Income before income taxes $ 29,670 $ 60,237 $ 36,705 $ 136,852

Earnings Per Share of Common St

Earnings Per Share of Common Stock	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Share of Common Stock	Earnings Per Share of Common StockBasic earnings per share is computed using the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share of common stock is computed by using the weighted average shares of common stock outstanding, including the dilutive effect of restricted shares based on an average share price during the period. For the three and nine months ended September 30, 2023 and September 30, 2022, there were no anti-dilutive shares, respectively. The computations of basic and diluted earnings per share for the three and nine months ended September 30, 2023 and September 30, 2022 are as follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except share and per share data) 2023 2022 2023 2022 Net income $ 21,766 $ 45,900 $ 26,940 $ 104,356 Basic weighted average shares of common stock 76,731,868 59,000,000 64,954,244 59,000,000 Effect of dilutive securities 167,615 — 167,615 — Diluted weighted average shares of common stock 76,899,483 59,000,000 65,121,859 59,000,000 Basic earnings per share of common stock $ 0.28 $ 0.78 $ 0.41 $ 1.77 Diluted earnings per share of common stock $ 0.28 $ 0.78 $ 0.41 $ 1.77

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The following event occurred subsequent to the date the condensed financial statements were available to be issued: On October 24, 2023 the Company's board of directors declared an initial cash dividend of $0.38 per share of common stock, or $1.52 per share of common stock on an annualized basis, for the third quarter of 2023. The cash dividend of approximately $29 million will be paid on November 10, 2023 to all stockholders of record as of the close of business on November 3, 2023.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net income	$ 21,766	$ 17,517	$ (12,343)	$ 45,900	$ 8,901	$ 49,555	$ 26,940	$ 104,356

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation and Con_2

Basis of Presentation and Consolidation (Policies)	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	The accompanying unaudited condensed consolidated financial statements of the Company have been prepared on the accrual basis using accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the SEC.
Consolidation	These unaudited condensed consolidated financial statements include the accounts of Kodiak and its wholly owned subsidiaries. All significant intercompany transactions and balances have been eliminated upon consolidation.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments—Credit Losses (“Topic 326”): Measurement of Credit Losses on Financial Instruments
Revenue Recognition	Compression Operations for Company-owned, as well as customer-owned, compressors are generally satisfied over time as services are rendered based upon specific performance criteria identified in the applicable contract. The service performed is substantially the same during each period of the contract, and revenues are therefore recognized on a straight-line, time-based method over the contract term as the customer simultaneously receives and consumes the benefits provided by the service. If variable consideration exists, it is allocated to the distinct monthly service within the series to which such variable consideration relates. The Company has elected to apply the invoicing practical expedient to recognize revenue for such variable consideration, as the invoice corresponds to the value transferred to the customer based on the Company’s performance completed to date. Service revenue earned primarily on freight and crane charges that are directly reimbursable by the Company’s customers is recognized at the point in time the service is provided and control is transferred to the customer. At such time, the customer has the ability to direct the use of the benefits of such service after the performance obligation is satisfied. The amount of consideration the Company receives and revenue the Company recognizes is based upon the invoice amount. There are typically no material obligations for returns, refunds, or warranties. The Company’s standard contracts do not usually include non-cash consideration. For most of the Company’s construction contracts, the Company integrates a significant set of tasks and components into a single contract for its customers. Hence, the entire contract is accounted for as one performance obligation. The Company recognizes revenue over time as the Company performance creates or enhances an asset that the customer controls. For construction services, revenue is recognized using an input method. Measure of the progress towards satisfaction of the performance obligation is based on the actual amount of labor and material costs incurred. The amount of the transaction price recognized as revenue is determined by multiplying the transaction price by the ratio of actual costs incurred to total estimated costs expected for the construction services. Judgment is involved in the estimation of the progress toward completion. Any adjustments to the measure of the progress toward completion is accounted for on a prospective basis. Changes to the scope of service are recognized as an adjustment to the transaction price in the period in which the change occurs. Services provided based on time spent, parts and/or materials is generally short-term in nature and labor rates and parts pricing is agreed upon prior to commencing the service. As revenue is recognized when time passes, this revenue is recognized at the point in time when the service is rendered.
Long-Lived and Other Asset Impairment	Long-lived assets, including property, plant, and equipment, and other finite-lived identifiable intangible assets, are reviewed for impairment whenever events or changes in circumstances, including the removal of compressors from the active fleet, indicate that the carrying amount of an asset may not be recoverable. Such events and changes may include significant changes in performance relative to expected operating results, significant changes in asset use, significant negative industry or economic trends, and changes in the Company’s business strategy, among others. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the assets to estimated future undiscounted net cash flows expected to be generated by the asset. Impairment losses are recognized in the period in which the impairment occurs and represent the excess of the asset carrying value over its estimated future discounted net cash flows
Derivative Instruments	The Company has not designated any derivative instruments as hedges for accounting purposes and does not enter into such instruments for speculative or trading purposes. The Company’s derivative instruments are recognized on the unaudited condensed consolidated balance sheets at fair value and classified as current or long-term depending on the maturity date of the derivative instrument and whether the net carrying value is in a net asset or net liability position. Realized and unrealized gains and losses associated with the derivative instruments are recognized in gain on derivative instrument within the unaudited condensed consolidated statements of operations.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Summary of Disaggregation of Revenue	The following table disaggregates the Company’s revenue by type and timing of provision of services or transfer of goods (in thousands) : Three Months Ended September 30, 2023 2022 Services provided over time: Compression Operations $ 184,959 $ 162,063 Other Services 41,268 16,987 Total services provided over time 226,227 179,050 Services provided or goods transferred at a point in time: Compression Operations 1,714 1,599 Other Services 3,042 1,996 Total services provided or goods transferred at a point in time 4,756 3,595 Total revenue $ 230,983 $ 182,645 Nine Months Ended September 30, 2023 2022 Services provided over time: Compression Operations $ 539,576 $ 477,430 Other Services 69,543 39,757 Total services provided over time 609,119 517,187 Services provided or goods transferred at a point in time: Compression Operations 6,413 6,535 Other Services 8,869 4,415 Total services provided or goods transferred at a point in time 15,282 10,950 Total revenue $ 624,401 $ 528,137
Summary of Revenue Remaining Performance Obligations	The Company expects to recognize these remaining performance obligations as follows (in thousands) : Remainder of 2024 2025 2026 2027 and Total Remaining performance obligations $ 162,915 $ 504,092 $ 241,526 $ 101,568 $ 54,906 $ 1,065,007

Accounts Receivable, net (Table

Accounts Receivable, net (Tables)	9 Months Ended
	Sep. 30, 2023
Accounts Receivable, after Allowance for Credit Loss [Abstract]
Summary of Accounts Receivable, net	Accounts receivable, net consist of the following ( in thousands ): As of September 30, As of December 31, As of December 31, Accounts receivable $ 119,869 $ 98,500 $ 81,708 Allowance for credit losses 2,994 949 959 Accounts receivable, net $ 116,875 $ 97,551 $ 80,749

Inventories, net (Tables)

Inventories, net (Tables)	9 Months Ended
	Sep. 30, 2023
Inventory Disclosure [Abstract]
Summary of Inventories	Inventories consist of the following ( in thousands ): As of September 30, As of December 31, Non-serialized parts $ 59,093 $ 61,082 Serialized parts 11,513 11,073 Total inventories $ 70,606 $ 72,155

Property, Plant and Equipment_2

Property, Plant and Equipment, net (Tables)	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Summary of Property, Plant and Equipment, Net	Property, plant and equipment, net consist of the following ( in thousands ): As of September 30, As of December 31, Compression equipment $ 3,113,641 $ 2,973,599 Trailers and vehicles 9,239 7,193 Field equipment 18,385 15,501 Technology hardware and software 10,330 6,698 Leasehold improvements 4,209 1,947 Shipping containers 3,349 3,137 Furniture and fixtures 1,570 1,519 Finance lease 530 981 Land 20 — Total property and equipment, gross 3,161,273 3,010,575 Less: accumulated depreciation (650,163) (521,893) Property, plant and equipment, net $ 2,511,110 $ 2,488,682

Goodwill and Identifiable Int_2

Goodwill and Identifiable Intangible Assets, Net (Tables)	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of the Company's Identifiable Intangible Assets	The Company’s identifiable intangible assets consist of the following as of September 30, 2023 and December 31, 2022 ( in thousands ): As of September 30, 2023 Original Cost Accumulated Amortization Net Amount Remaining Weighted Trade name $ 13,000 $ (3,018) $ 9,982 15.4 Customer relationships 150,000 (34,725) 115,275 13.1 Total identifiable intangible assets $ 163,000 $ (37,743) $ 125,257 As of December 31, 2022 Original Cost Accumulated Net Amount Remaining Weighted Trade name $ 13,000 $ (2,531) $ 10,469 16.1 Customer relationships 150,000 (28,107) 121,893 13.8 Total identifiable intangible assets $ 163,000 $ (30,638) $ 132,362
Summary of Future Minimum Amortization Expense for Identified Intangible Assets	As of September 30, 2023, the following is a summary of future minimum amortization expense for identified intangible assets ( in thousands ): Amount Years ending December 31, Remainder of 2023 $ 2,368 2024 9,474 2025 9,474 2026 9,474 2027 9,474 Thereafter 84,993 Total $ 125,257

Debt and Credit Facilities (Tab

Debt and Credit Facilities (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Debt consists of the following (in thousands) : As of September 30, As of December 31, ABL Facility $ 1,789,086 $ 1,754,224 Term Loan — 1,000,000 Total debt outstanding 1,789,086 2,754,224 Less: unamortized debt issuance cost (41,174) (34,205) Long-term debt, net of unamortized debt issuance cost $ 1,747,912 $ 2,720,019
Schedule of Maturities of Long-term Debt	As of September 30, 2023, the scheduled maturities, without consideration of potential mandatory prepayments, of the long-term debt were as follows ( in thousands ): Amount Years ended December 31, Remainder of 2023 $ — 2024 — 2025 — 2026 — 2027 — Thereafter 1,789,086 Total $ 1,789,086

Derivative Instruments (Tables)

Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Information Related to Notional Amount and Maturities Dates for Interest Rate Swaps	The table below summarizes information related to the notional amount and maturity dates for interest rate swaps at September 30, 2023: Notional Amount Maturities $125,000,000 12/4/2024 $225,000,000 12/5/2024 $200,000,000 6/14/2025 $125,000,000 12/6/2025 $175,000,000 6/14/2026 $125,000,000 6/22/2026 $125,000,000 12/6/2026 $75,000,000 5/18/2027 $100,000,000 5/19/2027 $200,000,000 5/19/2027 $125,000,000 12/6/2027
Summary of Company's Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables set forth the Company’s assets that were measured at fair value on a recurring basis during the period, by level, within the fair value hierarchy and classification of the Company’s derivative instruments not designated as hedging instruments on the accompanying condensed consolidated balance sheets ( in thousands ): As of September 30, 2023 Level 1 Level 2 Level 3 Total Current assets: Interest rate swaps $ — $ — $ — $ — Total current assets $ — $ — $ — $ — Non-current assets: Interest rate swaps $ — $ 51,790 $ — $ 51,790 Total non-current assets $ — $ 51,790 $ — $ 51,790 Total $ — $ 51,790 $ — $ 51,790 As of December 31, 2022 Level 1 Level 2 Level 3 Total Current assets: Interest rate swaps $ — $ 823 $ — $ 823 Total current assets $ — $ 823 $ — $ 823 Non-current assets: Interest rate swaps $ — $ 48,955 $ — $ 48,955 Interest rate collars — 15,562 — 15,562 Total non-current assets $ — $ 64,517 $ — $ 64,517 Total $ — $ 65,340 $ — $ 65,340
Summary of Effects of Company's Derivative Instruments	The following table summarizes the effects of the Company’s derivative instruments in the condensed consolidated statements of operations ( in thousands ): Derivative Instruments Not Location of Gain Recognized Three Months Ended September 30, 2023 2022 Interest rate swaps Gain on derivatives $ 15,141 $ 44,809 Interest rate collars Gain on derivatives — 7,053 Total gain on derivative $ 15,141 $ 51,862 Derivative Instruments Not Location of Gain (Loss) Recognized Nine Months Ended September 30, 2023 2022 Interest rate swaps Gain on derivatives $ 42,649 $ 54,796 Interest rate collars Gain (loss) on derivatives (569) 22,176 Total gain on derivative $ 42,080 $ 76,972

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Liabilities	See fair value tables below ( in thousands ): As on September 30, 2023 Level 1 Level 2 Level 3 Total Debt $ — $ — $ 1,747,912 $ 1,747,912 Contingent Consideration — — 3,673 3,673 Total $ — $ — $ 1,751,585 $ 1,751,585 As of December 31, 2022 Level 1 Level 2 Level 3 Total Debt $ — $ — $ 2,720,019 $ 2,720,019 Contingent Consideration — — 3,673 3,673 Total $ — $ — $ 2,723,692 $ 2,723,692

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2023
Stockholders' Equity Note [Abstract]
Summary of Award Activity Under Omnibus Plan	The following table summarizes award activity under the Omnibus Plan for the nine-month period ending September 30, 2023: RSUs PSUs Number of Weighted-Average Price Number of Weighted-Average Price Outstanding at December 31, 2022 — — — — Granted 985,313 $ 16.00 311,875 $ 16.99 Vested or exercised — — — — Forfeited (20,679) — — — Outstanding at September 30, 2023 964,634 $ 16.00 311,875 $ 16.99 Restricted stock awards expected to vest 964,634 $ 16.00 311,875 $ 16.99

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	9 Months Ended
	Sep. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Prepaid Expenses and Other Current Assets	repaid expenses and other current assets consist of the following ( in thousands ): As of As of Prepaid insurance $ 3,733 $ 3,997 Prepaid rent 799 589 Deferred IPO issuance costs — 3,047 Deferred project costs 3,538 — Interest rate swap receivable 1,559 — Other 3,624 1,887 Total prepaid expenses and other current assets $ 13,253 $ 9,520

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	9 Months Ended
	Sep. 30, 2023
Payables and Accruals [Abstract]
Summary of Accrued Liabilities	Accrued liabilities consist of the following ( in thousands ): As of As of Sales tax liability $ 28,688 $ 27,820 Accrued interest 11,746 16,347 Accrued bonus 10,475 7,764 Accrued taxes 14,675 9,667 Accrued payroll 1,036 2,744 Accrued legal fee 1,823 1,906 Lease liabilities - current portion — 3,090 Contingent consideration 3,673 3,673 Accrued accounts payable 16,629 14,080 Accrued insurance 109 2,231 Station construction accrual 12,361 — Other 1,233 4,551 Total accrued liabilities $ 102,448 $ 93,873

Segments (Tables)

Segments (Tables)	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Summary of Financial Metrics by Segment	The following table represents financial metrics by segment ( in thousands ): Compression Other Total Three Months Ended September 30, 2023 Revenue $ 186,673 $ 44,310 $ 230,983 Gross margin 75,116 5,490 80,606 Total assets 3,213,764 30,476 3,244,240 Capital expenditures 51,539 — 51,539 Three Months Ended September 30, 2022 Revenue $ 163,662 $ 18,983 $ 182,645 Gross margin 63,679 4,946 68,625 Total assets 3,133,249 3,715 3,136,964 Capital expenditures 53,755 — 53,755 Compression Other Total Nine Months Ended September 30, 2023 Revenue $ 545,989 $ 78,412 $ 624,401 Gross margin 216,318 12,505 228,823 Total assets 3,213,764 30,476 3,244,240 Capital expenditures 145,573 — 145,573 Nine Months Ended September 30, 2022 Revenue $ 483,965 $ 44,172 $ 528,137 Gross margin 186,907 9,534 196,441 Total assets 3,133,249 3,715 3,136,964 Capital expenditures 199,707 — 199,707
Summary of Total Gross Margin to Income Before Income Taxes	The following table reconciles total gross margin to income before income taxes ( in thousands ): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Total gross margin $ 80,606 $ 68,625 $ 228,823 $ 196,441 Selling, general and administrative expenses (19,648) (11,190) (46,171) (32,760) Gain on sale of capital assets — 818 721 825 Interest expense, net (39,710) (49,859) (182,030) (104,616) Loss on extinguishment of debt (6,757) — (6,757) — Gain on derivatives 15,141 51,862 42,080 76,972 Other (expense) income 38 (19) 39 (10) Income before income taxes $ 29,670 $ 60,237 $ 36,705 $ 136,852

Earnings Per Share of Common _2

Earnings Per Share of Common Stock (Tables)	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net Income (Loss) Per Share	The computations of basic and diluted earnings per share for the three and nine months ended September 30, 2023 and September 30, 2022 are as follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except share and per share data) 2023 2022 2023 2022 Net income $ 21,766 $ 45,900 $ 26,940 $ 104,356 Basic weighted average shares of common stock 76,731,868 59,000,000 64,954,244 59,000,000 Effect of dilutive securities 167,615 — 167,615 — Diluted weighted average shares of common stock 76,899,483 59,000,000 65,121,859 59,000,000 Basic earnings per share of common stock $ 0.28 $ 0.78 $ 0.41 $ 1.77 Diluted earnings per share of common stock $ 0.28 $ 0.78 $ 0.41 $ 1.77

Organization and Description _2

Organization and Description of Business (Details) $ / shares in Units, $ in Thousands				9 Months Ended
	Jul. 13, 2023 USD ($) $ / shares shares	Jul. 03, 2023 USD ($) $ / shares shares	Jun. 20, 2023 shares	Sep. 30, 2023 USD ($) segment shares	Sep. 30, 2022 USD ($)	Dec. 31, 2022 shares
Subsidiary, Sale of Stock [Line Items]
Number of operating segments | segment				2
Stock split ratio			590,000
Common stock, shares authorized (in shares)			750,000,000	750,000,000		750,000,000
Proceeds from initial public offering, net of underwriter discounts | $		$ 230,800		$ 277,840	$ 0
Common stock, shares issued (in shares)				77,400,000		59,000,000
Common stock, shares outstanding (in shares)				77,400,000		59,000,000
Kodiak Holdings
Subsidiary, Sale of Stock [Line Items]
Stock issued during period as a result of the stock split (in shares)			59,000,000
IPO
Subsidiary, Sale of Stock [Line Items]
Shares issued and sold (in shares)		16,000,000
Per share price (in dollars per share) | $ / shares		$ 16
Proceeds from issuance of common stock | $		$ 230,800
Over-Allotment Option
Subsidiary, Sale of Stock [Line Items]
Shares issued and sold (in shares)	2,400,000
Common stock, shares issued (in shares)	77,400,000
Common stock, shares outstanding (in shares)	77,400,000
Sale of stock, price per share (in dollars per share) | $ / shares	$ 16
Proceeds from issuance of common stock | $	$ 36,200
Parent
Subsidiary, Sale of Stock [Line Items]
Percentage of ownership held before initial public offering			100%

Revenue Recognition - Summary o

Revenue Recognition - Summary of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Total revenues	$ 230,983	$ 182,645	$ 624,401	$ 528,137
Compression Operations
Disaggregation of Revenue [Line Items]
Total revenues	186,673	163,662	545,989	483,965
Other Services
Disaggregation of Revenue [Line Items]
Total revenues	44,310	18,983	78,412	44,172
Total services provided over time
Disaggregation of Revenue [Line Items]
Total revenues	226,227	179,050	609,119	517,187
Total services provided over time | Compression Operations
Disaggregation of Revenue [Line Items]
Total revenues	184,959	162,063	539,576	477,430
Total services provided over time | Other Services
Disaggregation of Revenue [Line Items]
Total revenues	41,268	16,987	69,543	39,757
Total services provided or goods transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	4,756	3,595	15,282	10,950
Total services provided or goods transferred at a point in time | Compression Operations
Disaggregation of Revenue [Line Items]
Total revenues	1,714	1,599	6,413	6,535
Total services provided or goods transferred at a point in time | Other Services
Disaggregation of Revenue [Line Items]
Total revenues	$ 3,042	$ 1,996	$ 8,869	$ 4,415

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($)	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Jan. 01, 2023	Dec. 31, 2022	Jan. 01, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract assets	$ 9,608,000			$ 3,555,000	$ 0
Contract liabilities	71,917,000		$ 57,100,000	$ 57,109,000	$ 51,200,000
Transaction price allocated to unsatisfied performance obligations	1,065,007,000
Revenue recognized	$ 0	$ 0

Revenue Recognition - Summary_2

Revenue Recognition - Summary of Revenue Remaining Performance Obligations (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 1,065,007
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 162,915
Remaining performance obligation, expected timing of satisfaction, period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 504,092
Remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 241,526
Remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 101,568
Remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 54,906
Remaining performance obligation, expected timing of satisfaction, period

Accounts Receivable, net (Detai

Accounts Receivable, net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Accounts Receivable, after Allowance for Credit Loss [Abstract]
Accounts receivable	$ 119,869		$ 119,869		$ 98,500	$ 81,708
Allowance for credit losses	2,994		2,994		949	959
Accounts receivable, net	116,875		116,875		$ 97,551	$ 80,749
Increase in allowance for credit losses	$ 2,000	$ 0	$ 2,000	$ 0

Inventories, net (Details)

Inventories, net (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Inventory [Line Items]
Total inventories	$ 70,606	$ 72,155
Non-serialized parts
Inventory [Line Items]
Total inventories	59,093	61,082
Serialized parts
Inventory [Line Items]
Total inventories	$ 11,513	$ 11,073

Property, Plant and Equipment_3

Property, Plant and Equipment, net - Summary of Property, Plant and Equipment, Net (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	$ 3,161,273	$ 3,010,575
Less: accumulated depreciation	(650,163)	(521,893)
Property, plant and equipment, net	2,511,110	2,488,682
Compression equipment
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	3,113,641	2,973,599
Trailers and vehicles
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	9,239	7,193
Field equipment
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	18,385	15,501
Technology hardware and software
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	10,330	6,698
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	4,209	1,947
Shipping containers
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	3,349	3,137
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	1,570	1,519
Finance lease
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	530	981
Land
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	$ 20	$ 0

Property, Plant and Equipment_4

Property, Plant and Equipment, net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 43.7	$ 41.7	$ 129.3	$ 122.8

Goodwill and Identifiable Int_3

Goodwill and Identifiable Intangible Assets, Net - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Changes to goodwill carrying amount during period			$ 0
Amortization expense	$ 2,400,000	$ 2,400,000	$ 7,100,000	$ 7,100,000

Goodwill and Identifiable Int_4

Goodwill and Identifiable Intangible Assets, Net - Summary of the Company's Identifiable Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Original Cost	$ 163,000	$ 163,000
Accumulated Amortization	(37,743)	(30,638)
Net Amount	125,257	132,362
Trade name
Finite-Lived Intangible Assets [Line Items]
Original Cost	13,000	13,000
Accumulated Amortization	(3,018)	(2,531)
Net Amount	$ 9,982	$ 10,469
Remaining Weighted Average Amortization Period (years)	15 years 4 months 24 days	16 years 1 month 6 days
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Original Cost	$ 150,000	$ 150,000
Accumulated Amortization	(34,725)	(28,107)
Net Amount	$ 115,275	$ 121,893
Remaining Weighted Average Amortization Period (years)	13 years 1 month 6 days	13 years 9 months 18 days

Goodwill and Identifiable Int_5

Goodwill and Identifiable Intangible Assets, Net - Summary of Future Minimum Amortization Expense for Identified Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2023	$ 2,368
2024	9,474
2025	9,474
2026	9,474
2027	9,474
Thereafter	84,993
Net Amount	$ 125,257	$ 132,362

Long-Lived and Other Asset Im_2

Long-Lived and Other Asset Impairment (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Asset Impairment Charges [Abstract]
Asset impairment charges	$ 0	$ 0	$ 0	$ 0

Debt and Credit Facilities - Sc

Debt and Credit Facilities - Schedule of Long-term Debt Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total debt outstanding	$ 1,789,086	$ 2,754,224
Less: unamortized debt issuance cost	(41,174)	(34,205)
Long-term debt, net of unamortized debt issuance cost	1,747,912	2,720,019
ABL Facility
Debt Instrument [Line Items]
Total debt outstanding	1,789,086	1,754,224
Term Loan
Debt Instrument [Line Items]
Total debt outstanding	$ 0	$ 1,000,000

Debt and Credit Facilities - Na

Debt and Credit Facilities - Narrative (Details) $ in Thousands					1 Months Ended	3 Months Ended		6 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2023 USD ($)	Jul. 03, 2023 USD ($)	Dec. 31, 2022 USD ($)	May 19, 2022 USD ($)	May 31, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023 USD ($)	Mar. 22, 2023 USD ($)	Jan. 01, 2022 USD ($)
Debt Instrument [Line Items]
Return of capital									$ 42,300	$ 838,000
Cash on hand utilized				$ 13,000	$ 13,000
Deferred financing costs written off									4,359	0
Proceeds from termination of interest rate swaps and collars								$ 25,800
Unamortized debt issuance costs	$ 41,174		$ 34,205			$ 41,174			41,174		$ 34,205
Amortization of debt issuance costs						200	$ 4,300		11,260	$ 9,453
Term Loan
Debt Instrument [Line Items]
Debt instrument face value		$ 700,000
Deferred financing costs written off						4,400			4,400
Repayment of debt		300,000
Debt fees expense						2,400			2,400
Carrying value of debt		689,800
Unamortized debt issuance costs		$ 10,200
Third Amendment and Restated Credit Agreement
Debt Instrument [Line Items]
Return of capital				838,000	838,000
Increase in the Term Loan Facility
Debt Instrument [Line Items]
Debt instrument face value				600,000	600,000
Debt issuance costs				14,600
Term Loan Facility as per Amendment Agreement One
Debt Instrument [Line Items]
Debt issuance costs																$ 750
ABL Facility
Debt Instrument [Line Items]
Increase in the line of credit				225,000	$ 225,000
Line of credit, maximum borrowing capacity																		$ 1,900,000
Letters of credit outstanding	14,700					14,700			$ 14,700
Minimum fixed charge coverage ratio									2.5
Line of credit, commitment fee percentage, unused portion of line of credit, percentage to total commitments									0.50
ABL Facility | Minimum
Debt Instrument [Line Items]
Commitment fee (as a percent)									0.25%
ABL Facility | Maximum
Debt Instrument [Line Items]
Commitment fee (as a percent)									0.50%
ABL Facility | Forecast
Debt Instrument [Line Items]
Maximum leverage ratio												4.50	4.75	5	5.25
ABL Facility | Third Amendment and Restated Credit Agreement
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity			$ 2,100,000	2,100,000							$ 2,100,000
Lender fees and costs				$ 13,200
Deferred financing costs written off									$ 1,200
ABL Facility | Fourth Amendment and Restated Credit Agreement
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity																	$ 2,200,000
Lender fees and costs																	$ 31,800
Interest expense									4,200
Payment of accrued interest									4,200
Maximum threshold limit value beyond which cash dominion is triggered	$ 200,000					$ 200,000			$ 200,000
Percentage of aggregate commitments beyond which cash dominion is triggered	10%					10%			10%
ABL Facility | Fourth Amendment and Restated Credit Agreement | Prime Rate
Debt Instrument [Line Items]
Fixed interest rate (as a percent)	10.25%		9.50%			10.25%			10.25%		9.50%
Basis spread on variable interest rate (as a percent)	2%		2%
ABL Facility | Fourth Amendment and Restated Credit Agreement | SOFR
Debt Instrument [Line Items]
Basis spread on variable interest rate (as a percent)									0.10%		0.10%
Variable interest rate (as a percent)	8.34%		7.60%			8.34%			8.34%		7.60%
Additional basis spread on variable rate (as a percent)									2.75%		3%

Debt and Credit Facilities - _2

Debt and Credit Facilities - Schedule of Maturities of Long-term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Remainder of 2023	$ 0
2024	0
2025	0
2026	0
2027	0
Thereafter	1,789,086
Total	$ 1,789,086	$ 2,754,224

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Jun. 29, 2023
Term Loan Derivative Settlement
Derivatives, Fair Value [Line Items]
Gain on derivatives	$ 25.8
Interest rate swaps and collars | Term Loan
Derivatives, Fair Value [Line Items]
Notional amount		$ 750
Interest rate forward
Derivatives, Fair Value [Line Items]
Notional amount	1,600
Interest rate forward | After September 30, 2023
Derivatives, Fair Value [Line Items]
Notional amount	$ 375

Derivative Instruments - Summar

Derivative Instruments - Summary of Information Related to Notional Amount and Maturities Dates for Interest Rate Swaps (Details) - Interest rate swaps and collars	Sep. 30, 2023 USD ($)
12/4/2024
Derivative [Line Items]
Notional Amount	$ 125,000,000
12/5/2024
Derivative [Line Items]
Notional Amount	225,000,000
6/14/2025
Derivative [Line Items]
Notional Amount	200,000,000
12/6/2025
Derivative [Line Items]
Notional Amount	125,000,000
6/14/2026
Derivative [Line Items]
Notional Amount	175,000,000
6/22/2026
Derivative [Line Items]
Notional Amount	125,000,000
12/6/2026
Derivative [Line Items]
Notional Amount	125,000,000
5/18/2027
Derivative [Line Items]
Notional Amount	75,000,000
5/19/2027
Derivative [Line Items]
Notional Amount	100,000,000
5/19/2027
Derivative [Line Items]
Notional Amount	200,000,000
12/6/2027
Derivative [Line Items]
Notional Amount	$ 125,000,000

Derivative Instruments - Summ_2

Derivative Instruments - Summary of Company's Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Disclosure in Tabular Form of Derivative Instruments at Fair Value [Line Items]
Total current assets	$ 0	$ 823
Total non-current assets	51,790	64,517
Not Designated as Hedging Instrument
Disclosure in Tabular Form of Derivative Instruments at Fair Value [Line Items]
Total current assets	0	823
Total non-current assets	51,790	64,517
Total	51,790	65,340
Not Designated as Hedging Instrument | Interest rate swaps
Disclosure in Tabular Form of Derivative Instruments at Fair Value [Line Items]
Total current assets	0	823
Total non-current assets	51,790	48,955
Not Designated as Hedging Instrument | Interest rate collars
Disclosure in Tabular Form of Derivative Instruments at Fair Value [Line Items]
Total non-current assets		15,562
Not Designated as Hedging Instrument | Level 1
Disclosure in Tabular Form of Derivative Instruments at Fair Value [Line Items]
Total current assets	0	0
Total non-current assets	0	0
Total	0	0
Not Designated as Hedging Instrument | Level 1 | Interest rate swaps
Disclosure in Tabular Form of Derivative Instruments at Fair Value [Line Items]
Total current assets	0	0
Total non-current assets	0	0
Not Designated as Hedging Instrument | Level 1 | Interest rate collars
Disclosure in Tabular Form of Derivative Instruments at Fair Value [Line Items]
Total non-current assets		0
Not Designated as Hedging Instrument | Level 2
Disclosure in Tabular Form of Derivative Instruments at Fair Value [Line Items]
Total current assets	0	823
Total non-current assets	51,790	64,517
Total	51,790	65,340
Not Designated as Hedging Instrument | Level 2 | Interest rate swaps
Disclosure in Tabular Form of Derivative Instruments at Fair Value [Line Items]
Total current assets	0	823
Total non-current assets	51,790	48,955
Not Designated as Hedging Instrument | Level 2 | Interest rate collars
Disclosure in Tabular Form of Derivative Instruments at Fair Value [Line Items]
Total non-current assets		15,562
Not Designated as Hedging Instrument | Level 3
Disclosure in Tabular Form of Derivative Instruments at Fair Value [Line Items]
Total current assets	0	0
Total non-current assets	0	0
Total	0	0
Not Designated as Hedging Instrument | Level 3 | Interest rate swaps
Disclosure in Tabular Form of Derivative Instruments at Fair Value [Line Items]
Total current assets	0	0
Total non-current assets	$ 0	0
Not Designated as Hedging Instrument | Level 3 | Interest rate collars
Disclosure in Tabular Form of Derivative Instruments at Fair Value [Line Items]
Total non-current assets		$ 0

Derivative Instruments - Summ_3

Derivative Instruments - Summary of Effects of Company's Derivative Instruments (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Derivatives, Fair Value [Line Items]
Gain (loss) on derivatives	$ 15,141	$ 51,862	$ 42,080	$ 76,972
Interest rate swaps
Derivatives, Fair Value [Line Items]
Gain (loss) on derivatives	15,141	44,809	42,649	54,796
Interest rate collars
Derivatives, Fair Value [Line Items]
Gain (loss) on derivatives	$ 0	$ 7,053	$ (569)	$ 22,176

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Change in the fair value of contingent consideration	$ 0	$ 0

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value of Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities fair value disclosure	$ 1,751,585	$ 2,723,692
Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities fair value disclosure	1,747,912	2,720,019
Contingent Consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities fair value disclosure	3,673	3,673
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities fair value disclosure	0	0
Level 1 | Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities fair value disclosure	0	0
Level 1 | Contingent Consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities fair value disclosure	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities fair value disclosure	0	0
Level 2 | Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities fair value disclosure	0	0
Level 2 | Contingent Consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities fair value disclosure	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities fair value disclosure	1,751,585	2,723,692
Level 3 | Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities fair value disclosure	1,747,912	2,720,019
Level 3 | Contingent Consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities fair value disclosure	$ 3,673	$ 3,673

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions				3 Months Ended		9 Months Ended
	Jul. 13, 2023	Jul. 03, 2023	Jun. 29, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Jun. 20, 2023	Dec. 31, 2022	Mar. 06, 2019
Schedule of Stock by Class and Share Based Arrangement [Line Items]
Common stock, shares issued (in shares)				77,400,000		77,400,000			59,000,000
Common stock, shares outstanding (in shares)				77,400,000		77,400,000			59,000,000
Omnibus Plan
Schedule of Stock by Class and Share Based Arrangement [Line Items]
Shares granted (in shares)			1,297,188
Common stock, shares reserved for issuance (in shares)								6,375,000
Class B Incentive Units
Schedule of Stock by Class and Share Based Arrangement [Line Items]
Shares authorized (in shares)				60,406.9		60,406.9			61,068
Shares outstanding (in shares)				57,058.5		57,058.5			60,363.4
Shares granted (in shares)						0	0
Award vesting rights, term						five
Class B Incentive Units | Time Vesting
Schedule of Stock by Class and Share Based Arrangement [Line Items]
Percentage of award vesting rights						25%
Class B Incentive Units | Performance Vesting
Schedule of Stock by Class and Share Based Arrangement [Line Items]
Percentage of award vesting rights						75%
Class B Incentive Units | Time Vesting
Schedule of Stock by Class and Share Based Arrangement [Line Items]
Unvested time vesting units (in shares)				3,079.1		3,079.1
Unrecognized stock compensation expense				$ 0.5		$ 0.5
Class B Incentive Units | Selling, General and Administrative Expenses
Schedule of Stock by Class and Share Based Arrangement [Line Items]
Stock compensation expense						$ 1.4	$ 0.6
Class B Incentive Units | 2019 Class B Unit Incentive Plan
Schedule of Stock by Class and Share Based Arrangement [Line Items]
Shares authorized (in shares)										61,098.4
RSUs | Omnibus Plan
Schedule of Stock by Class and Share Based Arrangement [Line Items]
Shares granted (in shares)						985,313
Award vesting period of RSU activity						3 years
PSUs
Schedule of Stock by Class and Share Based Arrangement [Line Items]
Percentage of award vesting rights						100%
Unrecognized stock compensation expense				18.7		$ 18.7
PSUs | Minimum
Schedule of Stock by Class and Share Based Arrangement [Line Items]
Percentage of shares issued						0%
PSUs | Maximum
Schedule of Stock by Class and Share Based Arrangement [Line Items]
Percentage of shares issued						190%
PSUs | Selling, General and Administrative Expenses
Schedule of Stock by Class and Share Based Arrangement [Line Items]
Stock compensation expense				$ 2	$ 0	$ 2	$ 0
PSUs | Omnibus Plan
Schedule of Stock by Class and Share Based Arrangement [Line Items]
Shares granted (in shares)						311,875
Award vesting period of RSU activity						3 years
Common Stock
Schedule of Stock by Class and Share Based Arrangement [Line Items]
Additional purchase of shares (in shares)				18,400,000
IPO
Schedule of Stock by Class and Share Based Arrangement [Line Items]
Additional purchase of shares (in shares)		16,000,000
Proceeds from issuance of common stock		$ 230.8
Over-Allotment Option
Schedule of Stock by Class and Share Based Arrangement [Line Items]
Common stock, shares issued (in shares)	77,400,000
Common stock, shares outstanding (in shares)	77,400,000
Additional purchase of shares (in shares)	2,400,000
Proceeds from issuance of common stock	$ 36.2
Sale of stock, price per share (in dollars per share)	$ 16

Stockholders' Equity - Summary

Stockholders' Equity - Summary of Award Activity Under Omnibus Plan (Details) - Omnibus Plan	9 Months Ended
	Sep. 30, 2023 $ / shares shares
RSUs
Number of RSUs and PSUs
Outstanding, Beginning of Period (in shares) | shares	0
Granted (in shares) | shares	985,313
Vested or exercised (in shares) | shares	0
Forfeited (in shares) | shares	(20,679)
Outstanding, End of Period (in shares) | shares	964,634
Restricted stock awards expected to vest (in shares) | shares	964,634
Weighted-Average Price
Outstanding, Beginning of Period (in dollars per share) | $ / shares	$ 0
Granted (in dollars per share) | $ / shares	16
Vested or exercised (in dollars per share) | $ / shares	0
Forfeited (in dollars per share) | $ / shares	0
Outstanding, End of Period (in dollars per share) | $ / shares	16
Restricted stock awards expected to vest (in dollars per share) | $ / shares	$ 16
PSUs
Number of RSUs and PSUs
Outstanding, Beginning of Period (in shares) | shares	0
Granted (in shares) | shares	311,875
Vested or exercised (in shares) | shares	0
Forfeited (in shares) | shares	0
Outstanding, End of Period (in shares) | shares	311,875
Restricted stock awards expected to vest (in shares) | shares	311,875
Weighted-Average Price
Outstanding, Beginning of Period (in dollars per share) | $ / shares	$ 0
Granted (in dollars per share) | $ / shares	16.99
Vested or exercised (in dollars per share) | $ / shares	0
Forfeited (in dollars per share) | $ / shares	0
Outstanding, End of Period (in dollars per share) | $ / shares	16.99
Restricted stock awards expected to vest (in dollars per share) | $ / shares	$ 16.99

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Purchase commitments	$ 215,700,000
Purchase commitments to be paid in the next twelve months	182,900,000
Contingent consideration	3,700,000
Outstanding receivables	0	$ 0
Sales tax contingency	28,688,000	$ 27,820,000
Additional sales tax contingency for the period	$ 900,000

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid insurance	$ 3,733	$ 3,997
Prepaid rent	799	589
Deferred IPO issuance costs	0	3,047
Deferred project costs	3,538	0
Interest rate swap receivable	1,559	0
Deferred project costs	3,624	1,887
Other	$ 13,253	$ 9,520

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Sales tax liability	$ 28,688	$ 27,820
Accrued interest	11,746	16,347
Accrued bonus	10,475	7,764
Accrued taxes	14,675	9,667
Accrued payroll	1,036	2,744
Accrued legal fee	1,823	1,906
Lease liabilities - current portion	0	3,090
Contingent consideration	3,673	3,673
Accrued accounts payable	16,629	14,080
Accrued insurance	109	2,231
Station construction accrual	12,361	0
Station construction accrual	1,233	4,551
Other	$ 102,448	$ 93,873

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income tax expense	$ 7,904,000	$ 14,337,000	$ 9,765,000	$ 32,496,000
Effective tax rate	26.60%	23.80%	26.60%	23.70%
Uncertain tax benefits	$ 0		$ 0		$ 0
Uncertain tax positions, accrued interest and penalties	0	$ 0	0	$ 0
Uncertain tax positions, interest and penalties	$ 0	$ 0	$ 0	$ 0

Defined Contribution Plan (Deta

Defined Contribution Plan (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Defined Contribution Plan [Abstract]
Defined contribution plan cost	$ 0.7	$ 0.7	$ 2.3	$ 2.1

Segments - Narrative (Details)

Segments - Narrative (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) segment	Sep. 30, 2022 USD ($)
Segment Reporting [Abstract]
Number of operating segments | segment			2
Depreciation and amortization | $	$ 46,100	$ 44,100	$ 136,414	$ 129,913

Segments - Summary of Financial

Segments - Summary of Financial Metrics by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Revenue	$ 230,983	$ 182,645	$ 624,401	$ 528,137
Gross margin	80,606	68,625	228,823	196,441
Total assets	3,244,240	3,136,964	3,244,240	3,136,964	$ 3,205,540
Capital expenditures	51,539	53,755	145,573	199,707
Compression Operations
Segment Reporting Information [Line Items]
Revenue	186,673	163,662	545,989	483,965
Gross margin	75,116	63,679	216,318	186,907
Total assets	3,213,764	3,133,249	3,213,764	3,133,249
Capital expenditures	51,539	53,755	145,573	199,707
Other Services
Segment Reporting Information [Line Items]
Revenue	44,310	18,983	78,412	44,172
Gross margin	5,490	4,946	12,505	9,534
Total assets	30,476	3,715	30,476	3,715
Capital expenditures	$ 0	$ 0	$ 0	$ 0

Segments - Summary of Total Gro

Segments - Summary of Total Gross Margin to Income Before Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting [Abstract]
Total gross margin	$ 80,606	$ 68,625	$ 228,823	$ 196,441
Selling, general and administrative expenses	(19,648)	(11,190)	(46,171)	(32,760)
Gain on sale of capital assets	0	818	721	825
Interest expense, net	(39,710)	(49,859)	(182,030)	(104,616)
Loss on extinguishment of debt	(6,757)	0	(6,757)	0
Gain on derivatives	15,141	51,862	42,080	76,972
Other (expense) income	38	(19)	39	(10)
Income before income taxes	$ 29,670	$ 60,237	$ 36,705	$ 136,852

Earnings Per Share of Common _3

Earnings Per Share of Common Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Earnings Per Share [Abstract]
Anti-dilutive securities (in shares)				0				0
Net income (loss)	$ 21,766	$ 17,517	$ (12,343)	$ 45,900	$ 8,901	$ 49,555	$ 26,940	$ 104,356
Basic weighted average shares of common stock (in shares)	76,731,868			59,000,000			64,954,244	59,000,000
Effect of dilutive securities (in shares)	167,615			0			167,615	0
Diluted weighted average shares of common stock (in shares)	76,899,483			59,000,000			65,121,859	59,000,000
Basic net earnings per share (in dollars per share)	$ 0.28			$ 0.78			$ 0.41	$ 1.77
Diluted earnings per share of common stock (in dollars per share)	$ 0.28			$ 0.78			$ 0.41	$ 1.77

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Millions	Nov. 10, 2023	Oct. 24, 2023
Forecast
Subsequent Event [Line Items]
Payment of ordinary dividends	$ 29
Subsequent Event [Member]
Subsequent Event [Line Items]
Common stock cash dividend declared (in dollars per share)		$ 0.38
Common stock cash dividend declared, annualized (in dollars per share)		$ 1.52