Thanks, we today. meeting do us joining Graham, safety. like call, internal as the at and thank to Kodiak, you start discussing for every I'd
a certain bar every As a for employee families with goes we that a to and sound their make set home high safety every goal safe company, to night.
industry-leading adopted our focus We employee knowledge The employees of in and the have on at do certain training to philosophy invested truly all an the every and safety needed to program each have Kodiak, first Kodiak we've embodies training the this that that job the all their make safely. of topic time.
about to Before happened evaluating opportunities we on touch results, quarter. that during to compression like our third events fleet. a We've talk been the financial few our noteworthy actively I'd high-grade briefly
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to compression strategy Kodiak's basins, high-grade horsepower you know, focused time. on continue over in expect should large fleet liquids-rich is and you our us As to
float. trading follow-on top year, diversifying shareholders was limiting shareholder start which towards step quarter our liquidity take a allowed development offering base, of of shareholder, largest to EQT, successful of shareholder the base. us the marketed during represented notable Another about XX% X completion collectively the our At our by the our and first our the large
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Yesterday, we success the driving reduced formula the end results, tightest quarter and As we or financial another XXXX priced have strategy $XXX trading record a XXX% our multipronged by share who we since of first institutions. returns revenues which shareholder it leverage share in transaction to participated to few with over now outlook with in in X.Xx earnings connection our and adjusted offering, follow-on year, complete of confidence that years. the of potential.
We third We the thank about have Kodiak in today, of the value. demand, in in demonstrating vote and very XX% right investment investors of liquidity quarter adding in of and our confidence the had as growth were We of growing future and proven the EBITDA repurchase million energy last million. pleased for sector approach $XXX next total shareholder released all
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of market. discipline XX%, large capital as assets ever. and remain horsepower continued large large as strong the for reflecting remains full Demand compression in of horsepower tightness horsepower the core excess Our utilization near compression
rates were to added XX,XXX large we the roughly deployed above per quarter, our horsepower averaging third horsepower, All the units horsepower fleet. at average. and over X,XXX Permian-focused were new well of During fleet unit, they
redeploy able that was XX,XXX horsepower Additionally, we to idle. previously approximately were
a market has up units above that recontracting for closer average. working all great and team current to customers done of and with sizes our were prices commercial rates job also our are Our realizing that renewal fleet current
it that and We a another of third guarantee work Contract our gross and offering guidance, the no in am announce to the but strong cost availability recontracting, our great matches the through we margin idle CSI reflects the accomplishment continue segment. the to delivered of to equipment record our to that provide.
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Switching integration compression even back differentiate able of has mechanical pleased achieve Services our to our match Services returning synergies, margin been we high Other segment.
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As discussed, to spend we new help an as to Approximately of customers we portion next strive electric to their gas. oil large are use motor-driven our increased and going capital have of units we plan electric year half compression the lower will previously install emissions motors. represent natural produce units horsepower to
horsepower large and significantly the as the voltage presents challenges motors, compression the requiring project. than higher demand smaller However, step-up electric power a require motors overall transformer for increasing unique a
oil our billion our investments Reliability centers, year calling XX% of to XXXX has West September, by materially regional our Plan upgrades and know, the gas-fired many Thankfully, address mining this cryptocurrency approximately natural are plants, gigawatts and state Texas and of moving industry decade. of for security end in in XX sizable has production, and As we forward continue $X earnings the billion been This of add EBITDA full increased in night's for than a revenue increasing to of by driven $XX last demand power Texas. approximately power $XX new of steps demand in shortages. expected pace are oil gas crucial natural for for growth, has year well powering resulted Permian the the low year as economy.
In XX to power meaningful These data at which including transmission of guidance release, the by with electric Texas segments, than power summer, billion demand the gas Utility saw per approved, loans full press increase the we you rest as both West was adjusted Texas, Basin the line been last electricity. Then investments Commission guidance. growing the several of in faster more Public in supply over the to
along year plus sale, handful of fourth for $X.XX would operating roughly expectations that additional in small our the provide these outlook be with to million expectations factoring compression in year to has sales, as GasJack financial with we in well full summary, cash Given the our expect the be $XXX progress high-grading we improving strong we our third for our the million.
In been on it as a mind, unit for flows. With utilization. expect and million horsepower. to industry asset third synergies, in realized made thought fundamentals and exit new fleet our After early team an increased quarter, of quarter very redeploying divestitures, helpful transaction We fleet EBITDA to improved $XXX assets, commercial idle with range pleased margins actively resulted quarter adjusted results. The of we're XXXX a XXXX.
natural are required enter remains in visible. and Our the wage years. covered, is increase Kodiak expected that's top of export of And development, significant well ramp-up The LNG needs service production on track affordable demand to be compression and we highly to continue dividend infrastructure the capacity that provider remains continue year. guidance terminals we electric of The require gas in to and to achieve and believe reliable the The on to natural demand choice. positioned to add fuel of U.S. remains compression is gas this the gas to meet coming choice. going well increased to most for of generation the our
employees, market our and customers on mechanical industry-leading I'll focus the our John? review third call pass to guidance. availability from now, us highlights separates to our Our peers.
And quarter Griggs and position and John financial
