BUZZ-Kodiak Gas Services lifts after EQT's share sale priced

Reuters09-10

** Shares of Kodiak Gas Services up 3.1% at $26 premarket after secondary offering priced

** Woodlands, Texas-based oilfield services firm late Mon announced ~6.1 mln shares sold by Swedish private equity firm EQT AB at $25

** Co also to buy ~$25 mln worth of stock (or 1 mln shares) from EQT in concurrent private transaction

** Both transactions reduce EQT's holdings to ~51.9 mln shares, or ~62% stake, per the SEC filing

** Prior to offering, KGS had ~84.51 mln shares outstanding

** KGS shares on Mon closed down 5.3% at $25.23. YTD, stock up ~26% and well above Jun 2023 IPO price of $16

** Barclays, Goldman Sachs and JP Morgan leading the secondary offering

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))

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