HIGHBuilt-inGeographic
82.8%
Permian Basin and Eagle Ford Shale
“10-K Item 1: 'approximately 82.8% of our compression assets were deployed in the Permian Basin and Eagle Ford Shale'”
KGS · Concentration risk · 10-K extracted
Kodiak Gas Services (KGS) concentration risks
Updated
The most significant concentration Kodiak Gas Services discloses is Permian Basin and Eagle Ford Shale at 82.8%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Kodiak Gas Services’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH2
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHOutside partySupplier
limited number of key vendors
“10-K Item 1A: 'The substantial majority of the components for Kodiak's natural gas compression equipment are supplied by a limited number of key vendors'”
MEDIUMOutside partyCustomer
32%
four largest customers
“10-K Item 1: 'our four largest customers accounted for approximately 32%, 32%, and 33%, respectively, of our total revenues'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile combines a large-share geographic asset deployment with a high-share supplier dependency and a moderate customer revenue concentration. The most structurally significant exposure is geographic: approximately 82.8% of compression assets were deployed in the Permian Basin and Eagle Ford Shale, a large share by disclosed size and structural in character. Essentially the entire physical asset base is tied to two producing basins; any sustained production curtailment, regulatory restriction, or infrastructure disruption in those specific areas would affect the deployed asset base at that large scale. The supplier side carries a parallel high-share dependency: the substantial majority of components for natural gas compression equipment are supplied by a limited number of key vendors. Because there is no disclosed figure, the exposure is described qualitatively, but the filing's "substantial majority" language and the high disclosed size indicate that supply disruptions at these vendors would have a direct operational impact on the company's ability to service and expand its compression fleet. Customer concentration is moderate by disclosed size: the four largest customers accounted for approximately 32% of total revenues, a share that has been stable across multiple years. This indicates some reliance on a small number of producers but without a single dominant counterparty. Together the profile is characterized by geographic concentration in two basins and supply-chain dependency for components — both structural features of operating in a regionally specialized compression services business — with a moderate customer revenue dependency added on top.
For the engine’s reasoning on KGS’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Oil & Gas Equipment & Services
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AROC | Archrock, Inc. | 2 | 1 | 0 | 3 |
| KGS● | Kodiak Gas Services, Inc. | 2 | 1 | 0 | 3 |
| AESI | Atlas Energy Solutions Inc. | 1 | 2 | 0 | 3 |
| FLOC | Flowco Holdings Inc. | 0 | 1 | 0 | 1 |
| FTI | TechnipFMC plc | 0 | 0 | 2 | 2 |
| BKR | Baker Hughes Company | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.