Kodiak Gas Services shares are trading lower. The company announced an agreement to provide 76 megawatts of behind-the-meter, baseload power capacity to a West Texas data center for a term of six years.

Kodiak Gas Services Enters Into Agreement To Provide 76 Megawatts Of Behind-The-Meter, Baseload Power Capacity To West Texas Data Center For Term Of Six Years

Kodiak Gas Services, Inc. (NYSE:KGS) ("Kodiak") today announced that it has entered into an agreement to provide 76 megawatts of behind-the-meter, baseload power capacity, including balance of plant, to a West

Shares of oil and gas engineering and services companies are trading lower. Saudi Arabia's reported oil production decline and a drone strike on its East-West oil pipeline, along with continued vessel strikes in the ongoing Strait of Hormuz conflict, may lead to lucrative Middle East contracts being delayed or canceled.

RBC Capital Maintains Outperform on Kodiak Gas Services, Raises Price Target to $88

RBC Capital analyst Elvira Scotto maintains Kodiak Gas Services (NYSE:KGS) with a Outperform and raises the price target from $84 to $88.