Kodiak Gas Services, Inc. · NYSE:KGS
Kodiak Gas Services — Merger or Acquisition (February 2026)
13 slides from Kodiak Gas Services's merger presentation, Feb 5, 2026
Slide 1: Powering Our Critical Energy Future
Powering Our Critical Energy Future February 5, 2026
Slide 2: Disclaimer: Cautionary Note Regarding Forward-Looking Statements
Disclaimer Cautionary Note Regarding Forward-Looking Statements. This presentation contains “forward-looking statements” and information based on the current beliefs of Kodiak Gas Services, Inc. (the “Company”). Forward- looking statements in this communication are identifiable by the use of the fol
Slide 3: Transaction Overview
Transaction Overview Transaction Overview 1 SURGING TRACK RECORD $675 Million purchase price Increase in of Transforming $575M funded on ABL & Demand Businesses $100M KGS equity to DPS 384 MW2 fleet of Caterpillar ENERGIZED reciprocating and turbine generators serving Growth Outlook data centerand m
Slide 4: Transaction Rationale
Transaction Rationale PREMIUM 384 MW of state-of-the-art CAT-powered distributed generation equipment Generation Fleet Includes turbines and reciprocating engines, providing application flexibility SYNERGISTIC Kodiak has an industry-leading track record of operating large horsepower engines With Kod
Slide 5: Sources and Uses
Sources and Uses Transaction Sources & Uses (in millions)1 Sources Uses 3.5x – 4.0x Go-forward long-term ABL Facility $590 Cash to Sellers $575 leverage target Kodiak Stock $100 Kodiak Stock to Sellers $100 Purchase Price $675 >$800M Fees & Expenses $15 Pro forma availability on ABL facility3 Total
Slide 6: DPS Has A Diversified Power Portfolio
DPS Has A Diversified Power Portfolio ~364 MW Under contract1 Contracted Power by Industry 12% Icon size represents % of contracted megawatts at the 21% location 67% Distributed Power Asset Footprint Data Center Microgrids Data Center Microgrids Manufacturing Manufacturing 1 Estimated as of March 31
Slide 7: Premium Fleet with Application Flexibility
Premium Fleet with Application Flexibility 100% Caterpillar Power Generation Fleet1 223 MW 161 MW Turbine Reciprocating Generators G enerators Power Solutions for Diverse End Markets Data Centers Manufacturing Microgrids DPS’s Proven Capabilities Impeccable Safety Rapid Deployment Creativ
Slide 8: Operating Large Engine Fleets at the Highest Levels of Reliability is What We Do
e Solutions Turnkey Packages Record 1 Anticipated at closing 7 Operating Large Engine Fleets at the Highest Levels of Reliability is What We Do CAT 3516J Gas Compression Engine Compression & Genset Engine Similarities (1380 Horsepower) Engines Highly similar design and operation Parts & Components H
Slide 9: Step Change in U.S. Power Demand Growth
Step Change in U.S. Power Demand Growth U.S. Power Demand in Megawatts1 Power Demand Growth by Sector2 7% 5% Data Centers “America must add at least 100GW of 628 Commercial 15% firm power in the next five years for Residential 58% America to continue to lead the AI 15% Industrial Race and fuel reind
Slide 10: Data Centers Require Onsite Power
Data Centers Require Onsite Power “Bring Your Own >6 Years > 60 Gigawatts Generation” Time it takes to add new power Projected Behind-the-Meter of power Emerging solution to growing gap generation to the PJM grid1 solutions needed by 20352 between data center power demand growth and supply additions
Slide 11: Permanent Microgrids in the Permian
Permanent Microgrids in the Permian 8 Years 3-6 Years ~20% of the ERCOT Permian the time it takes to connect to time it takes to add new power demand queue got Basin 1 the grid in New Mexico WTX transmission lines2 connected to the grid in 20241 Permian Basin Power Demand in Gigawatts3 2025 – 2030 D
Slide 12: Energized Growth Outlook
ENERGIZED Growth Outlook Distributed Power Accelerates Kodiak’s Growth Profile Significant Growth Potential Adjusted EBITDA DPS <5X Adj. EBITDA Creation Multiple on Power Generation Kodiak DPS Kodiak EBITDA Kodiak . Adj 2026 2030 12
Slide 13: Contact Us
Contact Us IR@KODIAKGAS.COM
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