EQT Completes $177 Million Sale of Kodiak Gas Services Shares
- Editor
- Feb 3
- 1 min read
Updated: Feb 3
What's Happening: EQT, a private equity fund, has completed the sale of approximately 3.7 million shares of common stock in Kodiak Gas Services, Inc. (NYSE: KGS) for gross proceeds of about $177 million. The transaction was executed on January 30, 2025, through a Rule 144 sale, with Goldman Sachs & Co. LLC acting as the broker.
The Key Moves:
EQT sold 3.7 million shares of Kodiak Gas Services stock
The sale was conducted under Rule 144 of the Securities Act
Goldman Sachs & Co. LLC served as the broker for the transaction
By The Numbers :
Gross proceeds from the sale totaled approximately $177 million
The transaction was completed on January 30, 2025
The Bottom Line: This sale represents a significant divestment for EQT from its position in Kodiak Gas Services. The transaction's completion under Rule 144 suggests a structured exit strategy, potentially allowing EQT to realize gains from its investment while complying with securities regulations.
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