Kodiak Gas Services Raised 2024 Guidance: Now Expects Adjusted EBITDA Of $590M-$610M, A $10M Increase To The Low End Of The Range; Sees Discretionary Cash Flow Of $365M-$385M
Portfolio Pulse from Benzinga Newsdesk
Kodiak Gas Services has raised its 2024 guidance, now expecting Adjusted EBITDA of $590M-$610M, a $10M increase to the low end of the range. The company also anticipates generating Discretionary Cash Flow of $365M-$385M in 2024.
August 13, 2024 | 7:33 am
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Kodiak Gas Services has raised its 2024 guidance, now expecting Adjusted EBITDA of $590M-$610M, a $10M increase to the low end of the range. The company also anticipates generating Discretionary Cash Flow of $365M-$385M in 2024.
The raised guidance for Adjusted EBITDA and Discretionary Cash Flow indicates improved financial performance expectations for 2024. This positive outlook is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100