MONTGOMERY, Texas, Sept. 6,
2023 /PRNewswire/ -- Kodiak Gas Services, Inc. (NYSE:
KGS), ("Kodiak" or the "Company"), a leading provider of critical
energy infrastructure and contract compression services, today
announced that it will be added to the Russell 2000®,
Russell 2500®, Russell 3000® and Russell
Small Cap Completeness® indexes as part of the Russell
Indexes' planned third quarter IPO additions. Kodiak is scheduled
to be added to these indexes after equity markets close on
September 15, 2023 and is expected to
begin trading as a component of these indexes when equity markets
open on Monday, September 18,
2023.
Mickey McKee, Kodiak's founder
and Chief Executive Officer, stated, "Kodiak's inclusion in these
Russell indexes marks another meaningful milestone following our
successful IPO earlier this summer and will significantly broaden
our visibility among the investment community. We are excited to
further expand our shareholder base to include a greater number of
passive and active ETFs and institutions."
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. The Russell 2000® Index
measures the performance of the small-cap segment of U.S. equity
market and is a subset of the Russell 2500® and
3000® indexes.
More About FTSE Russell
FTSE Russell is a global index leader that provides innovative
benchmarking, analytics and data solutions for investors worldwide.
FTSE Russell calculates thousands of indexes that measure and
benchmark markets and asset classes in more than 70 countries,
covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately
$20.1 trillion is currently
benchmarked to FTSE Russell indexes. For over 30 years, leading
asset owners, asset managers, ETF providers and investment banks
have chosen FTSE Russell indexes to benchmark their investment
performance and create ETFs, structured products and index-based
derivatives.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on applying the highest industry standards
in index design and governance and embraces the IOSCO Principles.
FTSE Russell is also focused on index innovation and customer
partnerships as it seeks to enhance the breadth, depth and reach of
its offering.
FTSE Russell is wholly owned by London Stock Exchange Group. For
more information, visit www.ftserussell.com
More About Kodiak Gas Services, Inc.
Kodiak Gas Services, Inc. is the third largest contract
compression services provider in the continental United States with a revenue generating fleet
of over 3.17 million horsepower. The company focuses on providing
contract compression services to oil and gas producers and
midstream customers in high–volume gas gathering systems,
processing facilities, multi–well gas lift applications and natural
gas transmission systems. More information is available at
www.kodiakgas.com.
Cautionary Note Regarding Forward-Looking Statements
This news release contains, and our officers and representatives
may from time to time make, "forward-looking statements" within the
meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are neither historical facts nor assurances of future
performance. Instead, they are based only on our current beliefs,
expectations and assumptions regarding the future of our business,
future plans and strategies, projections, anticipated events and
trends, the economy and other future conditions.
Forward-looking statements can be identified by words such as:
"anticipate," "intend," "plan," "goal," "seek," "believe,"
"project," "estimate," "expect," "strategy," "future," "likely,"
"may," "should," "will" and similar references to future periods.
Although we believe that we have a reasonable basis for
the forward-looking statements contained herein, they are based on
current expectations about future events
affecting Kodiak and the Russel Indexes and are subject
to risks, uncertainties and factors relating to its operations and
business environment and the Russell Indexes, all of which are
difficult to predict and many of which are beyond its
control.
Because forward-looking statements relate to the future, they
are subject to inherent uncertainties, risks and changes in
circumstances that are difficult to predict and many of which are
outside of our control. Our actual results and financial condition
may differ materially from those indicated in the forward-looking
statements. Therefore, you should not rely on any of these
forward-looking statements. Important factors that could cause our
actual results and financial condition to differ materially from
those indicated in the forward-looking statements and such other
factors as discussed throughout the "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" sections of our final prospectus filed with
the U.S Securities and Exchange Commission (the "SEC") on
June 30, 2023 pursuant to Rule
424(b)(4) and throughout Part I, Item 2. "Management's
Discussion and Analysis of Financial Condition and Results of
Operations" section of such prospectus and Part II, Item 1A. Risk
Factors of our Quarterly Report on Form 10-Q for the quarterly
period ended June 30, 2023.
Any forward-looking statement made by us in this news release is
based only on information currently available to us and speaks only
as of the date on which it is made. Except as may be required by
applicable law, we undertake no obligation to publicly update any
forward-looking statement whether as a result of new information,
future developments or otherwise.
Contacts:
Kodiak Gas Services, Inc.
Graham Sones, VP of Investor
Relations
ir@kodiakgas.com
(936) 755-3259
Dennard Lascar Investor
Relations
Ken Dennard / Rick Black
KGS@dennardlascar.com
713-529-6600
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SOURCE Kodiak Gas Services, Inc.