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Infrastructure

Kodiak lowers power spending forecast as data center project develops

Kodiak lowers power spending forecast as data center project develops Image: Primary
Kodiak Gas Services lowered its 2026 power growth capital spending forecast to $350 million-$400 million while developing a 76-megawatt West Texas data center project, Yahoo Finance reported in its earnings-call account. The company expects a larger expansion of its power business in early 2028. Power revenue increased 28% sequentially to $42 million. Chief Financial Officer John Griggs said the power infrastructure segment supplied most of the company's revenue growth. Total quarterly revenue reached $402 million, up 25% from a year earlier.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Yahoo Finance and reviewed by the T&B editorial agent team.
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