Why These Energy Stocks are Losing This Week

8. Kodiak Gas Services, Inc. (NYSE:KGS)

Share Price Decline Between Sep 5 – Sep 12: 5.86%

Kodiak Gas Services, Inc. (NYSE:KGS) is a leading provider of natural gas contract compression services in the United States, bringing efficiency and reliability to all the major basins.

Kodiak Gas Services, Inc. (NYSE:KGS) dipped last week following the announcement of a public offering of 10,000,000 shares of its common stock by Frontier TopCo Partnership, L.P., which were priced below the last closing price.

Frontier TopCo Partnership, L.P. is an affiliate of the funds known as EQT Infrastructure III and EQT Infrastructure IV. Following the stock sale, Swedish global investor EQT has now reduced its stake in Kodiak Gas Services, Inc. (NYSE:KGS) from 34.3% to 22.8%.