Kodiak Gas Services (NYSE:KGS) Board Authorizes Share Buyback Plan

Kodiak Gas Services (NYSE:KGS) Board Authorizes Share Buyback Plan

Kodiak Gas Services (NYSE:KGS - Get Free Report) declared that its board has approved a share repurchase program on Monday, August 11th, RTT News reports. The company plans to repurchase $50.00 million in shares. This repurchase authorization permits the company to reacquire up to 1.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its stock is undervalued.

Kodiak Gas Services Announces $50 Million Share Repurchase

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Kodiak Gas Services Executes $50M Stock Buyback as Major Shareholder Reduces Control Below 35%

Strategic $50M share repurchase reshapes Kodiak's ownership structure, reducing major stockholder stake and board representation. See full impact analysis.