What move does the options market price into Kodiak Gas Services's report?

Implied ±9.3%, either direction.

How often does Kodiak Gas Services move more than the options market prices?

2 of the last 8 reports moved at least as far as the implied move.

KGSNYSENatural Gas Transmission

Kodiak Gas Services, Inc. (KGS) earnings date, market-implied expected move, and options open interest by expiry

39.16

−2.10 · −5.08%

post 38.20 −2.46%

After hours17:33 ETdelayed

Open42.00Volume3.8MMkt cap$4.2BP/E44.42EPS0.86Div yield4.75%

Day38.20 – 42.000%52-wk31.78 – 77.1014%

KGS

Kodiak Gas Services, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±9.3%implied · report alone

8Q avg ±5.5%·×1.70·rich

35.2942.57

straddle ±11.6%

spot 38.93exp Nov 20ATM strike 40ATM straddle 5.32IV 83%

Nov 5 closereport share · term structure

Expected move

Inputs

Next report

Nov 9

after close · in 4 days

est.Q3 FY26

Calendar

Next report

Last report

+5.35%

vs ±8.7% implied · ×0.62

shaded = implied · ▲▼ = realized

Aug 6 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

+15.59%

shares held · 10 largest managers

13F · Jun 30 '26128d lag

409 managers

Top fund weight

0.23%

KGS weight · IWM

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Kodiak Gas Services (KGS) is expected to report on Nov 9 after close (estimated date).

Implied vs realized

8 reports

2 of 8≥ implied

avg implied: ±7.4%
avg realized: ±5.5%

Mar 5 '25Mar 5 '25confirmed±8.6%▼−14.99%×1.75

May 7 '25May 7 '25confirmed±8.5%▲+3.84%×0.45

Aug 6 '25Aug 6 '25confirmed±7.7%▼−0.47%×0.06

Q3 FY25Nov 4 '25confirmed±7.9%▼−6.51%×0.82

Feb 25 '26Feb 25 '26confirmed±7.2%▲+3.98%×0.55

Q1 FY26Mar 11 '26confirmed±5.5%▲+0.42%×0.08

May 11 '26May 11 '26confirmed±5.4%▲+8.43%×1.57

Q2 FY26Aug 6 '26confirmed±8.7%▲+5.35%×0.62

quarterimplied−15%0+15%realized×

Q2 FY26±8.7%▲+5.35%×0.62

May '26±5.4%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Nov 4 close

6.46OI · 4 expiries · Nov 4 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

1,673+56%Nov 2015d259−7%

1,415+1%Dec 1843d2.23635+3%2.23

4,098+1%Jan 1571d1.063,8740%1.06

46+2%Apr 16162d0.13360+1%0.13

ExpiryPutsCallsP/C

Nov 2015d1,673+56%259−7%6.46

Dec 1843d1,415+1%635+3%2.23

Jan 1571d4,098+1%3,8740%1.06

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±11.6%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

13.33%as filednet margin · revenue +13.12% QoQ · +21.15% YoY

Revenue

$391M+13.12% QoQ

Gross profit

$247M+10.72% QoQ

63.09% margin

Operating income

$124M+16.31% QoQ

31.76% margin

Pre-tax income

$73M+255.17% QoQ

Net income

$52M+191.96% QoQ

13.33% margin

Cost of revenue

$144M+17.48% QoQ

Operating expenses

$123M+5.56% QoQ

Depreciation $79M

SG&A $41M

Other operating $3M

Other expense

$51M

Tax

$21M+664.24% QoQ

Revenue$391M+13.12%

Gross profit

$247M+10.72%

63.09% margin

Operating income

$124M+16.31%

31.76% margin

Pre-tax income

$73M+255.17%

Net income

$52M+191.96%

13.33% margin

Cost of revenue

$144M+17.48%

Operating expenses

$123M+5.56%

Depreciation $79M

SG&A $41M

Other operating $3M

Other expense

$51M

Tax$21M+664.24%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 5 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 17:30 ET

Intraday

Event sensitivity

NFP ×1.59· ±2.9% vs ±1.8% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±2.9%4 of 10×1.59

GDPgross domestic product±2.0%12 of 19×1.12

CPROFcorporate profits±1.9%9 of 12×1.05

PCEpersonal income & outlays±1.9%12 of 19×1.05

FOMCrate decision±1.5%12 of 24×0.81

CPIconsumer prices±1.4%8 of 10×0.79

PPIproducer prices±1.3%4 of 10×0.73

Bar = avg |move| to ±3% · tick = ±1.8% avg day · ×base = |move| ÷ ±1.8% · min 6 releases

Earnings history

EPS 0.53 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 6 '26 · confirmed	0.53	—
Q1 FY26	Mar 11 '26 · confirmed	0.20	—
Q3 FY25	Nov 4 '25 · confirmed	-0.17	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod