KGS · Kodiak Gas Services, Inc.

This 8-K/A amendment fulfills Item 9.01 requirements by providing the audited financial statements of Distributed Power Solutions, LLC (DPS) for the year ended December 31, 2025, and unaudited interim statements for the three months ended March 31, 2026, along with the independent auditor's consent and unaudited pro forma condensed combined financial information. DPS operates in power generation equipment rental serving oil & gas, utility, data center, industrial, and commercial sectors with contracts from 3 months to 5 years. The acquisition closed on April 1, 2026, for $714 million, up from the announced $675 million due to adjustments including additional power generation assets, with Kodiak repaying DPS's outstanding debt. DPS demonstrated strong performance with 2025 equipment rental revenue of $72.9 million (78% of total revenue) driving $15.4 million net income, and Q1 2026 net income of $11.1 million on $29.6 million revenue despite heavy capex of $18.7 million. The pro forma balance sheet reflects $593 million ABL financing, $3.8 billion total debt, and $731.9 million goodwill, while pro forma operations show modestly accretive EPS impact. Investors gain visibility into the target's healthy asset base ($256 million property & equipment at March 31, 2026) and profitability supporting Kodiak's expansion in power solutions.