Kodiak Gas Services, Baker Hughes announce multi-year gas turbine order agreement to support U.S. Data center growth. * Strategic agreement establishes framework for deployment of up to 1.8 GW of power generation capacity * Initial major award includes approximately 1 GW of gas turbines and generators delivered by 2030 to support scalable, behind-the-meter power solutions HOUSTON and LONDON, July 08, 2026 (GLOBE NEWSWIRE) - Kodiak Gas Services, Inc. (NYSE: KGS) ("Kodiak"), a leading provider of critical energy infrastructure, and Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday a multi-year strategic agreement under which Baker Hughes will provide power generation solutions to support Kodiak's expanding energy infrastructure initiatives. The agreement is anchored by an initial equipment award that will enable approximately 1 gigawatt (GW) of reliable, scalable power generation capacity to be delivered by 2030, with the broader framework providing a pathway for up to 1.8 GW of power over time. The initial major order includes NovaLT(TM) 16 gas turbines, Frame 5 gas turbines and BRUSH(TM) Power Generation generators, providing core technologies to deliver dependable power for growing data center and energy infrastructure demand. Baker Hughes' high-efficiency power generation technologies are expected to support behind-the-meter projects in key U.S. markets where accelerating electricity demand and grid constraints are increasing the need for flexible, rapidly deployable power infrastructure. "We are excited to embark on our relationship with Baker Hughes through this strategic agreement," said Kodiak's President and CEO Mickey McKee. "Our customers require dependable, efficient and rapidly deployable power solutions, and access to Baker Hughes' industry-leading technology, training and support enhances our ability to meet that demand at scale. This framework supports our long-term strategy of expanding Kodiak's energy infrastructure capabilities while delivering exceptional reliability and value to our customers." "As demand for power continues to accelerate, driven by the rapid expansion of digital infrastructure and data centers, the ability to deliver reliable, efficient and scalable power solutions quickly is critical," said Baker Hughes Chairman and CEO Lorenzo Simonelli. "This agreement reflects the growing need for flexible power generation technologies; together, our gas turbines and generator technologies will help customers bring new capacity online faster to support the continued buildout of critical digital and energy infrastructure." The multi-year rolling agreement provides flexibility to align capacity commitments with evolving data center demand and phased project development schedules. Through the agreement, Kodiak expects to leverage Baker Hughes' power generation portfolio to support both existing operations and future growth opportunities. The framework is designed to foster closer commercial and technical collaboration between the companies, streamline project execution and reduce lead times for critical power infrastructure deployments. It also sets forth the companies' commitments to technical training, the provision of spare parts and a mutual interest in entering into a long-term services arrangement for the equipment. About Baker Hughes Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, its innovative technologies and services are taking energy forward - making it safer, cleaner and more efficient for people and the planet. About Kodiak Kodiak is a leading contract compression, distributed power, and energy infrastructure services provider in the United States. It serves as a critical link in the infrastructure chain that enables the safe, reliable and efficient production of energy. Headquartered in The Woodlands, Texas, Kodiak provides contract compression, distributed power, and related services to oil and gas producers, midstream customers, and digital infrastructure operators. Media Relations Baker Hughes Adrienne M. Lynch +1 713-906-8407 [email protected] Kodiak Gas Services Graham Sones +1 936-755-3259 [email protected] Investor Relations Baker Hughes Chase Mulvehill +1 346-297-2561 [email protected] Kodiak Gas Services Graham Sones +1 936-755-3259 [email protected] Baker Hughes, Kodiak signing ceremony. Baker Hughes vice President of sales for gas technology equipment riccardo barbieri and Kodiak Gas Services chief financial officer john griggs sign the agreement in houston. Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. Africa Finance Today do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Kodiak Gas Services (KGS): best up and coming stocks to buy for the next 3 years. Published on june 17, 2026 at 5:42 pm by maham fatima in news. Kodiak Gas Services Inc. (NYSE:KGS) is one of the best up and coming stocks to buy for the next 3 years. On May 11, Kodiak Gas Services reported a strong start to 2026, achieving record contract services revenue of $307.0 million and adjusted EBITDA of $190.1 million. The company increased its full-year 2026 adjusted EBITDA guidance to a range of $820 million to $860 million, driven by the continued strength of its core natural gas compression business and the integration of its newly acquired Distributed Power Solutions/DPS segment. To capitalize on surging demand from data center developers, Kodiak has procured over 260 MWs of additional power generation capacity and plans to expand its total capacity to over 650 MWs. The company expects consistent annual growth of 300 to 500 MWs through 2030, targeting a total capacity of over two gigawatts by the end of the decade, all supported by long-term customer contracts. Financial stability was supported by a $1 billion senior note issuance, which reduced the company's weighted average borrowing rate despite a $36.5 million loss on debt extinguishment. Excluding nonrecurring transaction costs and debt-related expenses, Kodiak Gas Services Inc. (NYSE:KGS) reported an adjusted net income of $52.0 million, or $0.59 per adjusted diluted share. Kodiak Gas Services Inc. (NYSE:KGS) operates and provides contract compression infrastructure for customers in the oil and gas industry in the US. The company operates through two segments: Contract Services and Other Services. While we acknowledge the risk and potential of KGS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than KGS and that has 10,000% upside potential, check out our report about the cheapest AI stock.