Exhibit 99.2 INVESTOR PRESENTATION JANUARY 2024

Disclaimer Forward Looking Statements. This presentation, and our officers and representatives may from time to time make, forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward- looking statements include, among others, statements we make regarding: (i) potential or pending acquisition transactions, including the Acquisition (as defined herein), or other strategic transactions, the timing thereof, the receipt of necessary approvals to close such acquisitions, our ability to finance such acquisitions, and our ability to achieve the intended operational, financial and strategic benefits from any such transactions; (ii) expected synergies and efficiencies to be achieved as a result of the Acquisition; (iii) expected operating results, such as revenue growth and earnings of the combined company; (iv) anticipated levels of capital expenditures and uses of capital; (v) current or future volatility in the credit markets and future market conditions; (vi) expectations of the effect on our financial condition of claims, litigation, environmental costs, contingent liabilities and governmental and regulatory investigations and proceedings; (vii) production and capacity forecasts for the natural gas and oil industry; (viii) strategy for customer retention, growth, fleet maintenance, market position, financial results; (ix) expectations regarding the leverage and dividend profile of the combined company, including the amount and timing of future dividend payments; (x) our interest rate hedges; and (xi) strategy for risk management. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) a reduction in the demand for natural gas and oil; (ii) the loss of, or the deterioration of the financial condition of, any of our key customers; (iii) nonpayment and nonperformance by our customers, suppliers or vendors; (iv) competitive pressures that may cause us to lose market share; (v) the structure of our Compression Operations contracts and the failure of our customers to continue to contract for services after expiration of the primary term; (vi) our ability to consummate the Acquisition on a timely basis or at all; (vii) our ability to successfully integrate any acquired businesses, including CSI Compressco LP, and realize the expected benefits thereof; (viii) difficulties and delays in meeting the conditions required for the closing of the Acquisition; (ix) our ability to make additional acquisitions on economically acceptable terms; (x) our ability to fund purchases of additional compression equipment; (xi) a downturn in the economic environment, as well as inflationary pressures; (xii) tax legislation and administrative initiatives or challenges to our tax positions; (xiii) the loss of key management, operational personnel or qualified technical personnel; (xiv) our dependence on a limited number of suppliers; (xv) the cost of compliance with existing governmental regulations and proposed governmental regulations, including climate change legislation and regulatory initiatives and stakeholder pressures, including ESG scrutiny; (xvi) the inherent risks associated with our operations, such as equipment defects and malfunctions; (xvii) our reliance on third-party components for use in our IT systems; (xviii) legal and reputational risks and expenses relating to the privacy, use and security of employee and client information; (xix) threats of cyber-attacks or terrorism; (xx) our credit agreement contains features that may limit our ability to operate our business and fund future growth and also increases our exposure to risk during adverse economic conditions; (xxi) volatility in interest rates; (xxii) our ability to access the capital and credit markets or borrow on affordable terms to obtain additional capital that we may require; (xxiii) the effectiveness of our disclosure controls and procedures; and (xxiv) such other factors as discussed throughout the Risk Factors and Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our final prospectus filed with the U.S Securities and Exchange Commission (the SEC ) on June 30, 2023 pursuant to Rule 424(b)(4) and our Registration Statement on Form S-4 filed with the SEC on January 12, 2024 and Part II, Item 1A. Risk Factors of our Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023. Any forward-looking statement made by us in this presentation is based only on information currently available to us and speaks only as of the date on which it is made. Except as may be required by applicable law, we undertake no obligation to publicly update any forward-looking statement whether as a result of new information, future developments or otherwise. Non-GAAP Financial Measures. This presentation contains certain financial measures not presented in accordance with generally accepted accounting principles (“GAAP”), including Adjusted Gross Margin, Adjusted Gross Margin Percentage, Adjusted EBITDA, Adjusted EBITDA Percentage, Discretionary Cash Flow and Free Cash Flow. Such non-GAAP measures should not be considered an alternative to, or more meaningful than, the most directly comparable measure of financial performance presented in accordance with GAAP. Moreover, such non-GAAP measures may not be comparable to similarly titled measures of other companies. However, we believe these non-GAAP financial measures provide useful information to investors because, when viewed with our GAAP results and the accompanying reconciliation, they provide a more complete understanding of our performance than GAAP results alone. See Appendix beginning on page 43 for reconciliation of non-GAAP measures. LQA Combined Adjusted EBITDA and related figures do not reflect pro forma adjustments prepared in accordance with SEC rules. The LQA Combined Adjusted EBITDA figures presented herein are calculated by adding together Kodiak’s LQA Q3 2023 Adjusted EBITDA, CSI’s LQA Q3 2023 Adjusted EBITDA and $20 million of annual run-rate synergies. Industry & Market Data. The market data and certain other statistical information used throughout this presentation are based on independent industry publications, government publications or other published independent sources. Although we believe these third-party sources are reliable as of their respective dates, we have not independently verified the accuracy or completeness of this information. Some data is also based on our good faith estimates and our management’s understanding of industry conditions. The industry in which we operate is subject to a high degree of uncertainty and risk due to a variety of factors. These and other factors could cause results to differ materially from those expressed in these publications. This presentation contains trademarks, trade names and service marks of other companies, which are the property of their respective owners. We do not intend our use or display of other parties' trademarks, trade names or service marks to imply, and such use or display should not be construed to imply, a relationship with, or endorsement or sponsorship of us by, these other parties. KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 2

Today’s Presenters Mickey McKee John Griggs President & Chief Executive Officer Chief Financial Officer Years in Kodiak: 13 years Years in Kodiak: 1 year Industry experience: 20 years Industry experience: 23 years ⚫ Joined Kodiak in January 2023 ⚫ Formed Kodiak in 2010 ⚫ Previous CFO roles at Circulus Holdings, Conquest Completion ⚫ Previously held positions as the SVP of Sales and Marketing / Services and Rubicon Oilfield International Engineering and Fleet Management for CDM Resource Management ⚫ Prior senior roles in energy private equity, energy lending, and energy investment banking Jason Stewart CFA, CPA Graham Sones EVP of Corporate Development and Treasurer VP of Investor Relations Years in Kodiak: 7 years Years in Kodiak: 4 years Industry experience: 21 years Industry experience: 8 years ⚫ Has served as EVP of Corporate Development since joining Kodiak in ⚫ Senior leader in various lending financial institutions spanning 18 2016 years, most notably CIT Group and Bank of America, with 4 years dedicated to companies in the energy sector, including Kodiak ⚫ Previously CEO at Themis Capital Corporation and CFO of Enerven Compression⚫ Significant experience in public accounting firms such as KPMG and Arthur Andersen ⚫ Held senior structuring and origination roles at SunTrust Robinson Humphrey, CIT Energy and PNC Business Credit KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 3

Table of Contents Executive Summary 1 Company Overview 2 Transaction Overview 3 Industry Overview 4 Credit Highlights 5 Financial Summary 6 Appendix 7 KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n

Executive Summary

Executive Summary Kodiak’s Acquisition & Financing of CSI Compressco LP — Kodiak Gas Services, Inc. (NYSE: KGS) (“Kodiak” or “KGS”) is one of the largest contract compression services providers in the United States with a revenue-generating fleet of approximately 3.2 million horsepower ¡ Focused contract compression services provider to oil and gas producers and midstream customers in high–volume gas gathering systems, processing facilities and multi–well gas lift applications — On December 19, 2023, Kodiak executed a definitive agreement to acquire CSI Compressco LP (NASDAQ: CCLP) (“CSI” or “CCLP”) in an all-equity transaction (the “Acquisition”) for a purchase price of $854 million, based on the closing Kodiak share price on December 18, 2023 ¡ Highly complementary compression assets ¡ Expected annual run-rate cost synergies of at least $20 million 1 — The Acquisition is expected to create the largest contract compression fleet in the U.S. on a pro forma basis 2 3 ¡ Approximately 4.3 million revenue-generating horsepower , with an average age of approximately 6 years ¡ 74% of fleet greater than 1,000 HP ¡ 97% fleet utilization 4 5 ¡ LQA Q3 2023 combined Revenue and Adjusted EBITDA of approximately $1,323 million and $596 million , respectively — Kodiak is proposing to issue $750 million of Senior Unsecured Notes ¡ Conservatively leveraged, with LQA Q3 2023 combined net secured and total leverage of 2.9x and 4.1x, respectively 6 ¡ Extensive, in-demand fleet generates strong Asset Coverage of 1.5x 7 ¡ Stable cash flows generated LQA Combined Adj. EBITDA / LQA Q3 2023 Interest Coverage of 3.4x ¡ Acquisition is expected to close in Q2 2024 following the receipt of regulatory approvals and the completion of other customary closing conditions 1 2 3 Based on total pro forma horsepower as of 9/30/23; Sum of Kodiak revenue-generating horsepower and CSI horsepower in service plus committed horsepower as of 9/30/23; Kodiak pro forma figure as of 4 5 9/30/2023, includes CSI U.S. reciprocating units only, excludes units with unknown date of manufacture; See Appendix beginning on page 43 for reconciliation of non-GAAP measures; LQA Q3 2023 combined adjusted EBITDA ( LQA Combined Adj. EBITDA ) and related figures do not reflect pro forma adjustments prepared in accordance with SEC rules, $596 million includes an estimated $20 million of annual run-rate synergies. The LQA Combined Adj. EBITDA figures presented herein are calculated by adding together Kodiak’s LQA Q3 2023 Adjusted EBITDA, CSI’s LQA Q3 2023 Adjusted EBITDA and $20 million of annual run- 6 7 rate synergies; Please refer to page 36 for detail; Reflects LQA Combined Adj. EBITDA (including synergies) of $596 million, divided by combined, annualized nine months ended 9/30/2023 pro forma cash interest expense, as provided in the S-4 and further adjusted for a 7.75% senior notes coupon, of $176 million. Interest Coverage calculated in accordance with the ABL Credit Agreement KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 6

Transaction Overview And Capitalization Summary KODIAK WILL REMAIN CONSERVATIVELY CAPITALIZED FOLLOWING THE ACQUISITION Sources and Uses Sources Uses ($ in millions) Amount ($ in millions) Amount Issuance of Kodiak Shares for CCLP Equity (as of 1/18/2024) $266 Acquire CCLP Equity (as of 1/18/2024) $266 1,2 New Senior Notes 750 643 Repay CCLP Debt Repay Kodiak ABL Facility 68 Executive Severance 6 Fees & Expenses 33 Total Sources $1,016 Total Uses $1,016 Pro Forma Capitalization 9/30/2023 9/30/2023 9/30/2023 5 ($ in millions) Kodiak CCLP Adj. Combined Cash & Cash Equivalents $6 $16 - $22 Kodiak ABL due 2028 ($2,200mm) 1,789 - (68) 1,721 1,2 - 643 (643) - CCLP Debt due 2025 and 2026 Total Secured Debt $1,789 $643 ($711) $1,721 New Senior Notes due 2029 - - 750 750 Total Debt $1,789 $643 $39 $2,471 3 1,703 247 19 1,968 Common Equity (as of 1/18/2024) Total Capitalization $3,492 $890 $57 $4,439 Operating Statistics 4 $440 135 $576 LQA Combined Adj. EBITDA Run-Rate Synergies 20 $20 LQA Combined Adj. EBITDA $596 Credit Statistics Net Secured Debt / LQA Combined Adj. EBITDA 4.0x 2.9x Net Debt / LQA Combined Adj. EBITDA 4.0x 4.1x 1 2 Includes breakage costs of approximately $8.6mm; To the extent the Senior Notes settle prior to the Acquisition closing date, proceeds will be used to repay Kodiak ABL borrowings. The 3 4 Kodiak ABL would be drawn to repay the CCLP debt balance on the Acquisition closing date; Assumes share price of $21.64 for KGS and $1.73 for CCLP as of 1/18/2024; See Appendix 5 beginning on page 43 for reconciliation of non-GAAP measures; LQA Combined Adj. EBITDA and related figures do not reflect pro forma adjustments prepared in accordance with SEC rules KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 7

Pro Forma Organizational Structure Spartan Energy & Other CCLP Public Shareholders Kodiak Public Shareholders 1, 2 CCLP Electing Shareholders 3 86.3% 5.5% 8.2% Common Shares Common Shares Preferred Shares (Vote + Economic) (Vote + Economic) (Vote Only) OpCo Units (Economic Only) Kodiak Gas Services, Inc. (“Kodiak” or “Parent”) 91.8% Existing Kodiak ABL ($2,200 million) New Sr. Kodiak Gas Services, LLC Unsecured (“OpCo” or “Issuer”) Notes ($750 million) Issuer 100% Guarantors Shareholders Kodiak Subsidiaries CCLP Subsidiaries Restricted Group 1 Spartan Energy, a Texas based private company founded in 2010, is a global provider of gas treating, compression and processing services. Spartan is the controlling shareholder of 2 CCLP through its GP interest. Spartan's majority owner is Silverhawk Capital Partners; Spartan Energy & Other CCLP Electing Shareholders will own OpCo Units and an equal number of shares of Preferred Shares of Kodiak. These shareholders will have the equal percentage voting and economic rights through these instruments. The Preferred Shares will have equal voting 3 rights to Common Shares of Kodiak but no economic rights. The OpCo Units provide economic rights, but no voting rights; Assumes all eligible shareholders elect to participate in Up-C structure consideration KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 8

Summary Indicative Senior Unsecured Notes Terms Parent: Kodiak Gas Services, Inc. Issuer: Kodiak Gas Services, LLC Issue: $750 million Senior Unsecured Notes (the “Notes”) Guarantors: Parent and each of Parent’s Subsidiaries (other than the Issuer) that is a borrower or guarantor under the ABL Credit Agreement 1 Use of Proceeds: To repay existing indebtedness of CSI and the Issuer and to pay related fees and expenses Tenor: 5-Year — Non-callable for 2 years Call Protection: — T+50bps make-whole premium during non-call period — First call at par + 50% coupon, stepping down ratably to par in year 5 Equity Clawback: 40% of aggregate principal amount Special Mandatory If the Acquisition does not occur on or prior to January 1, 2025, Kodiak will be required to redeem 100% of the Notes at par plus Redemption: accrued and unpaid interest Negative Covenants: Usual and customary for Senior Unsecured Notes transactions of this nature Change of Control: 101% Change of Control Put if Issue downgraded by at least two Rating Agencies Distribution: 144A for life 1 To the extent the Notes settle prior to the Acquisition closing date, proceeds will be used to repay Kodiak ABL borrowings. The Kodiak ABL would be drawn to repay the CCLP Debt balance on the Acquisition closing date KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 9

Company Overview

Evolution of Kodiak into Market Leader January 2012 October 2019 May 2010 Kodiak deploys its first two December 2023 Kodiak acquires Pegasus Kodiak Gas Services founded compressors Optimization Managers Kodiak announces CSI acquisition June 2011 February 2019 June 2023 February 2024 Kodiak partners with the Stephens EQT acquires Kodiak from the Kodiak prices ~$294 million 100% Expected $750 million Group Stephens Group primary initial public offering Notes issuance KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 11

Kodiak Overview LEADING PROVIDER OF DOMESTIC ENERGY INFRASTRUCTURE AT-A-GLANCE By the Numbers: 1 ▪ NYSE: KGS▪ Enterprise Value: $3.5 billion 2 ▪ Shares Outstanding: 77.4 million▪ LQA Q3 2023 Adj. EBITDA: $440 million 3 3.2mm Revenue Generating HP 1 2 ▪ Market Cap: $1.7 billion▪ Net Debt / LQA Q3 2023 Adj. EBITDA: 4.0x Large HP-Focused Fleet with 3 1,058 HP/Unit Average Powder River Basin Fixed Revenue Contracts 7% 216k HP Appalachian Basin 2% 80k HP 11.6% 2020A–Q3 2023 DJ Basin 2% 4 50k HP Adj. EBITDA CAGR Mid-Continent >50% of Customer Base is 3% 105k HP Other Key Basins 5 1% Rated Investment Grade 42k HP Haynesville / 1% Cotton Valley 71% Permian Basin 6 18k HP 99%+ 4-Year Average Utilization 2,272k HP Of Revenue- 13% x% 2 Generating HP Eagle Ford 0.28% Bad Customer 427k HP 7 Write-Offs 1 2 Source: Company filings, Kodiak Management, Bloomberg; Based on KGS stock price as of 1/18/2024; Reflects status quo Kodiak figures as of 9/30/2023. See Appendix beginning on page 43 3 4 5 for reconciliation of non-GAAP measures; As of 9/30/2023; Reflects LTM Q3 2023 Adjusted EBITDA figures; Reflects percent of Q3 2023 Compression Operations revenue derived from 6 7 Investment Grade rated customers per Kodiak Management; Reflects average of Q3 2019 – Q3 2023 monthly utilization; Reflects 2015 – Q3 2023 bad debt expense as percentage of total revenue KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 12

Purpose-Built, Standardized Compression Fleet KODIAK’S FOCUS ON LARGE, EXPERTLY-MAINTAINED UNITS DESIGNED FOR LIQUIDS-RICH BASINS HAS RESULTED IN A PURPOSE-BUILT, STANDARDIZED COMPRESSION FLEET 1 Fleet by HP Size (% of Total HP) End-of-Period Revenue-Generating HP (000’s) & Avg. HP / Unit Revenue-Generating HP in Fleet (at period end) 4,000 1200 Avg. HP / Unit 1,058 1,037 1100 1,011 995 3,000 1000 19% 900 2,000 800 >1,000 HP 3,210 3,132 2,933 2,747 700 <1,000 HP 1,000 81% 600 0 500 2020A 2021A 2022A Q3 2023A 1 2 End-of-Period Total Horsepower Utilization $/HP-Month 100% $20.00 $15.00 90% 99.9% 99.9% 99.9% $10.00 99.2% $19.38 $18.20 $17.55 $16.05 80% $5.00 70% $0.00 2020A 2021A 2022A Q3 2023A 2020A 2021A 2022A Q3 2023A 1 2 Source: FactSet, Kodiak Management, company filings and investor presentations. Fleet data as of 9/30/2023; Revenue-generating horsepower divided by total fleet horsepower; Average contracted fee $ / HP-month calculated using LQA Compression Operations revenue and period-ending revenue-generating HP KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 13

Transaction Overview

Financially Accretive Pathway to Industry Leadership Acquisition Highlights Largest Fleet in North America ~4.2mm Revenue- 1 ❑ On December 19, 2023, Kodiak announced an all-equity acquisition Generating HP ~3.2mm HP ~1.0mm HP of CSI Compressco LP valued at $854 million (based on th December 18 market prices) Largest Operator in Permian Basin ❑ Purchase price at announcement represents ~6.6x multiple of CSI 2 LTM Q3 2023 Adj. EBITDA ~2.8mm Permian HP ~2.3mm HP ~0.5mm HP ❑ Expected to create largest domestic contract compression fleet with 1 4.2 million revenue-generating horsepower Highest Utilization Among Peers ❑ Expected to close in Q2 2024 96.6% Utilization 99.9% 87.6% Utilization Utilization 1 2 Sum of Kodiak revenue-generating horsepower and CSI horsepower in service plus committed horsepower less international horsepower as of 9/30/2023; Excludes synergies KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 15

Key Transaction Benefits ❑ Enhanced cash flows help achieve leverage goal of 3.5x by year end 2025 Attractive ❑ Over $20 million of high-confidence expected annual cost synergies Transaction ❑ Transaction value of ~6.6x CSI LTM Q3 2023 Adjusted EBITDA, excluding synergies Economics ❑ Expected to be accretive to Discretionary Cash Flow and Free Cash Flow per share ❑ Increases size and scale of fleet Complementary ❑ Opportunity to generate higher utilization across CSI’s fleet Compression Assets ❑ Investments in large HP units and divestiture of small HP units have high-graded CSI's fleet Deepen Geographic ❑ Presence in the Permian Basin and Eagle Ford Shale augments Kodiak’s existing footprint Footprint and ❑ Fixed-revenue contracts with blue-chip customers Expand Customer ❑ Limited customer overlap Base Natural Extension of ❑ Broader service offerings via CSI’s natural gas treating / cooling and aftermarket services Diversified Service ❑ Potential for cross-selling opportunities Offerings KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 16

CSI Business Overview CSI IS A LEADING GLOBAL PROVIDER OF NATURAL GAS COMPRESSION, TREATING, COOLING, AND RELATED MIDSTREAM SERVICES 1 Segment Overview CSI Operations — Movement through pipelines and Natural Gas 2 facilities Compression (73% of LTM — Natural gas engine or electric motor Revenue) driven After Market — Field and shop maintenance / repair of Services (AMS) customer-owned units 3 Total Horsepower by Geography (22% of LTM — Compression parts sales Revenue) International East West 5% 3% 4% Northern Rockies 7% — Amine treating removes contaminants Natural Gas Permian (H S / CO ) 2 2 Treating / South Texas 48% 4 15% Cooling — Gas coolers lower the temperature of (4% of LTM hot natural gas, separating out Revenue) valuable liquids Mid-Continent 18% 1 2 Source: CSI Management, Kodiak Management, CSI filings and investor presentations; As of 9/30/2023 per CSI filings. Excludes equipment sales segment which is 0.46% of LTM Revenue; 3 4 Natural gas compression refers to Contract services as disclosed on CSI’s Q3 2023 10Q; Total horsepower as of 9/30/2023 per November 2023 CSI investor presentation; Natural Gas Treating / Cooling refers to Equipment rentals as disclosed on CSI’s Q3 2023 10Q KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 17

Pro Forma Horsepower CSI CSI 70k HP Northern Rockies 71k HP 2 Other 336k HP Kodiak 211k HP Kodiak 266k HP 140k HP CSI CSI 190k HP Mid-Continent 48k HP International 295k HP Kodiak 48k HP Kodiak 105k HP None CSI CSI 157k HP Eagle Ford 507k HP Permian 583k HP Kodiak 2,779k HP Kodiak Kodiak Headquarters 427k HP 2,272k HP CSI Headquarters Pro Forma HP by Geography Mid- International Other 1% Continent 5% 7% CSI Northern 1,043k HP Total Revenue-Generating Rockies 8% 1 Kodiak 4,253k HP 3,210k HP Eagle Ford 14% Permian 65% 1 2 Reflects revenue-generating horsepower for Kodiak and operating horsepower plus committed horsepower for CSI as of 9/30/2023; Other category comprised of CSI figures identified as East and West, and Kodiak figures identified as Appalachia, Haynesville, and Other KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 18

Pro Forma Peer Comparison Key Operating Statistics by Company (HP in millions) North American Contract Compression Market 4 16.3mm HP (~27% of Total NA Compression Market) 1 4.2 Pro Forma Kodiak 2 1 3.6 1 4.2mm HP (~7% of Total NA Compression Market) 3.4 3 3.2 4 2.7 2 1.0 4 0.9 3 4 1 0.5 4 0.4 0.4 0.3 Other Public or Public Public Public Public Public Private Private Public Public Private - Private Ark-La-Tex, Ark-La-Tex, Bakken, Eagle Permian & Northeast, Permian & Permian, South Permian, Eagle Permian, Basin Focus Permian, Ford, Permian, Permian Global - Eagle Ford Mid-Con, Eagle Ford TX, Mid-Con Ford, Mid-Con Barnett, Other SCOOP/STACK SCOOP/STACK Permian Utilization 97% 96% 94% 100% 88% N/A N/A N/A 79% N/A - (EOP Q3’23) % MTM 5 11% 24% 23% 7% 27% N/A N/A N/A 69% N/A - Contracts 1 Source: Company websites, investor presentations, Kodiak Management, presentations, public filings and Spears & Associates; Sum of Kodiak revenue-generating horsepower and CSI 2 3 horsepower in service plus committed horsepower less international horsepower as of 9/30/2023; Reflects operating horsepower as of 9/30/2023; Revenue-generating horsepower as of 4 5 9/30/2023; Data per Spears & Associates as of October 2023; As of 12/31/2022; calculated by dividing the total number of units subject to MTM contracts by the total number of units KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 19

Kodiak Peer Comparison Summary (Credit Metrics) KODIAK’S COMBINED BUSINESS AND FINANCIAL CHARACTERISTICS ARE COMPARABLE TO LEADING RATED PLAYERS IN GAS COMPRESSION SERVICES 1 Combined LQA Q3 2023 Revenue $1,323 $1,014 $868 2 LQA Q3 2023 Adj. EBITDA $596 $481 $521 Financial Combined Compression ($ millions) 3 3 Operations Adjusted Gross 61% 64% 66% 2 Margin 2, 4 LQA Q3 2023 FCF $81 $72 $36 Revenue From Top 10 5 6 7 42% of Revenue 55% of Revenue 38% of Revenue Customers Top 10 Customer Credit 8 8 Customers 70% Investment Grade 60% Investment Grade not disclosed Quality Percentage of Revenue 11% 24% 23% Under MTM Contract Corporate Ratings TBD B1 / B+ / NR B1 / B+ / BB (Moody’s / S&P / Fitch) Net Debt / LQA Q3 2023 Adj. 9 4.1x 3.8x 4.4x EBITDA Debt LQA Q3 2023 Adj. EBITDA / 10 3.4x 4.3x 3.1x Interest Coverage Ratio Target Leverage 3.0-3.5x 3.0-3.5x 4.0x 1 2 Source: Company filings, Kodiak Management, and investor presentations and Bloomberg as of 1/10/2024; Pro forma for Acquisition and Senior Unsecured Notes Offering, includes $20.2mm in expected run-rate cost synergies; Please see Appendix beginning 3 4 5 on page 43 for reconciliation of non-GAAP measures; Reflects “Contract operations gross margin percentage” per filings; Reflects discretionary cash flow minus growth capex; Reflects TTM combined top customer revenue divided by TTM combined total 6 7 revenue as of 9/30/2023. TTM combined total revenue calculated as the sum of TTM KGS status quo Compression operations revenue and TTM CSI status quo total revenue; Reflects YTD 2023 Contract Operations Revenue as of 12/5/2023; Represents 8 9 10 recurring revenues for the six months ended 6/30/2023; Reflects % of Top Ten customers by number; Per AROC Q3 2023 8-K; Reflects LQA Combined Adj. EBITDA (including synergies) of $596 million, divided by combined, annualized nine months ended 9/30/2023 pro forma cash interest expense, as provided in the S-4 and further adjusted for a 7.75% senior notes coupon, of $176 million. Interest Coverage calculated in accordance with the ABL Credit Agreement KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 20

Industry Overview

Compression Required Throughout U.S. Energy Value Chain GAS COMPRESSION IS MISSION-CRITICAL TO NATURAL GAS & OIL PRODUCTION Centralized Gas Lift Gathering Systems Gas Processing Large horsepower, centralized facilities used to pressurize gas lift systems for field-wide reinjection to lift oil Large scale gathering facilities to collect natural gas and boost pressure into processing facilities or trunk lines Compress natural gas to processing facility pressures Recompress natural gas at plant outlet for transmission to end-users KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 22

Global Demand for Natural Gas/Oil > Population Growth ▪ EIA projects that population growth combined with increased per capita energy consumption will drive a 34% 1 increase in global energy consumption from 2022 to 2050 ▪ Renewables will play a role, but natural gas and oil consumption are projected to increase 25% over this 1 period and outpace population growth Global Natural Gas and Liquid Fuels Consumption and Population, 2022 - 2050 450 12 400 10 350 300 8 250 6 200 150 4 100 2 50 0 0 2022 2025 2030 2035 2040 2045 2050 Liquid fuels Natural gas Total World Population 1 Source: U.S. Energy Information Administration (“EIA”); International Energy Outlook 2023 (Reference case) KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 23 Quadrillion BTUs Billions of People

U.S. LNG – Clean, Secure & Affordable Energy for the World U.S. LNG Exports, 2015 - 2050, LNG Export Capacity Current U.S. Dry Gas Production ≈ 104.5 Bcf/d 50 Approved + 13.2 Bcf/d 40 Under Construction + 16.9 Bcf/d 30 20 In Service = 14.4 Bcf/d 10 - 2015 2020 2025 2030 2035 2040 2045 2050 Reference Case High LNG Case Fast Builds Plus High LNG Price Source: Federal Energy Regulatory Commission (FERC); EIA KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 24 Bcf/d

Compression Market Must Grow to Meet U.S. Gas Demand ▪ Spears & Associates estimates the total U.S. gas compression market at ~57 million horsepower in 2023 ▪ This implies “compression intensity” of ~560k horsepower per Bcf/d of U.S. dry gas production ▪ Feedgas to supply LNG export terminals under construction will drive significant incremental compression demand ▪ At current compression intensity, ~17 million HP of compression will be needed to supply the LNG plants under construction and approved by FERC U.S. Natural Gas Market 150 80 74 67 57 million HP = 70 125 ~560k HP per Bcf/d 57 60 100 50 46 75 40 132 119 30 102 50 100 95 93 92 84 20 74 74 72 25 10 0 - Plus Plus 2015 2016 2017 2018 2019 2020 2021 2022 2023 Existing + Existing + L LNG NG Un Und de er r L LNG NG Un Und de er r Con Cons stru truc cti tio on n Con Cons stru truc cti tio on n US Dry Gas Production Total Installed Compression HP & Approved & Approved Source: Spears & Associates The Upstream Gas Compression Market: October 2023; Kodiak Management estimates KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 25 Bcf/d million HP

Kodiak Compression Fleet is Well-Positioned U.S. LNG Export Capacity (Bcf/d) Kodiak Owned Units In Service 14.4 Under Construction 16.9 Approved 13.2 Potential Capacity 44.5 >90% of potential export capacity located on Gulf Coast Permian Sabine Pass Eagle Ford Cameron Port Arthur Calcasieu Pass Golden Pass Plaquemines Freeport Corpus Christi Terminal Status In Service Under Construction Rio Grande Source: FERC, Kodiak Management estimates KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 26

Credit Highlights

Key Credit Highlights 1 Stable cash flows through commodity price cycles 2 Contract structure contributes to cash flow visibility Differentiated operating approach results in longer-term relationships with blue chip 3 customers 4 Extensive fleet provides strong asset coverage for bondholders 5 Conservatively capitalized with a focus on living within cash flow Experienced management team supporting one of the industry’s most capable 6 workforces Source: Kodiak Management KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 28

1 Steady Cash Flows in Most Commodity Price Environments Quarterly Compression Operations Adjusted Gross Margin COVID-19 Pandemic 99.6% 99.8% 99.9% 99.9% 99.6% 99.7% 99.9% 99.9% 99.9% 99.9% 99.0% 99.0% 99.1% 900 98.3% 96.8% 1 1 1 779 765 1 755 750 1 728 $121 1 1 14.0 $117 120 673 $115 1 700 $112 1 $108.87 623 1 $108 1 $105 $104 674 $104 1 12.0 1 $94.53 $97 $93.75 10 1 0 $95 $94 1 586 1 $86.49 $89 $88 470 500 1 $86 521 $82.62 $82.25 $84 1 417 10.0 1 $77.29 $76.14 1 80 1 $70.75 348 1 $7.98 $65.97 1 1 $7.42 8.0 1 265 261 300 $57.68 1 0 60 0 0 $5.60 $46.01 0 6.0 $42.52 0 $40.82 $4.76 $4.64 0 $4.33 0 40 0 100 0 $28.30 $3.39 4.0 0 $2.93 0 $2.84 $2.68 $2.59 0 $2.51 0 $1.97 $1.91 0 $1.70 20 0 2.0 0 -100 0 0 0 0 0 0 - 0 0 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 0 0 -300 Kodiak Compression Operations Adj. Gross Margin ($mm) Average WTI Crude Oil Price ($/bbl) Average Henry Hub Price ($/MMBtu) 1 Utilization Rig Count 1 Source: Company filings, FactSet; Note: Adjusted Gross Margin is a non-GAAP financial measure; please see Appendix beginning on page 43 for reconciliation of non-GAAP measures; Reflects end-of-quarter U.S. total rig count, including oil, gas and miscellaneous rigs, per Baker Hughes KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 29

1 Steady Growth Results in Industry-Leading Utilization 1, 2 End-of-Period Revenue-Generating HP by Company (in thousands) 3,926 3,608 3,448 3,396 3,388 3,310 3,247 3,210 3,200 3,132 2,997 2,933 2,964 2,747 2,601 Q3 2019 Q3 Q3 2019 2020 2021 2022 2020 2021 2022 2019 2020 2021 2022 2023 2023 2023 End-of-Period HP Utilization by Company 99.4% 99.2% 99.9% 99.9% 99.9% 96.0% 93.7% 93.0% 93.9% 91.8% 89.0% 84.0% 82.8% 82.7% 82.0% 2019 2020 2021 2022 Q3 2023 3 USAC AROC COVID-19 Pandemic 1 2 3 Kodiak’s 2019 HP shown pro forma for Pegasus acquisition; AROC HP reflects total operating HP (at period end); Peak Impact of COVID-19 Pandemic is defined as Q1 2020 through Q2 2021 KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 30

1 Compression Sector Durability during COVID-19 DURING THE COVID-19 PANDEMIC, KODIAK’S PEERS CONTINUED TO SERVICE THEIR DEBT Adjusted EBITDA & Adjusted EBITDA / Interest Coverage $200 0.6 $0.53 $0.53 $0.53 $0.53 $0.53 $0.53 $0.53 $0.53 0.16 $180 ($ in millions) ($ in millions) 0.5 0.14 4.5x $160 3.9x 3.8x $140 0.12 $140 3.6x 3.5x 0.4 3.4x 3.3x 3.3x 3.3x 3.2x 3.1x 3.1x 3.1x 3.1x $120 3.0x 3.0x 0.1 0 $100 .3 0.08 $80 0.06 $70 0.2 $60 $113 $113 $106 $105 $104 $98 $100 $100 $100 $99 $101 $98 0.04 $92 $89 $87 $83 $40 0.1 0.02 $20 $0 0 $0 0 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 1 1 Adjusted EBITDA Adjusted EBITDA / Interest Coverage Adjusted EBITDA / Interest Coverage Adjusted EBITDA Total Debt & Leverage ($ in millions) ($ in millions) 4.7x 5.0x 5.0x 4.9x 5.0x 5.0x 4.8x $2,500 4.7x $2,500 4.6x 4.6x 4.6x 4.5x $5.0 $5.0 4.2x 4.2x 4.1x $4.5 3.9x $4.5 $2,000 $2,000 $4.0 $4.0 $3.5 $3.5 $1,500 $1,500 $3.0 $3.0 $2.5 $2.5 $1,000 $1,000 $1,972 $1,949 $1,978 $1,948 $1,981 $1,991 $2.0 $1,934 $1,923 $2.0 $1,831 $1,823 $1,746 $1,708 $1,638 $1,630 $1,547 $1,533 $1.5 $1.5 $500 $1.0 $500 $1.0 $0.5 $0.5 $0 $0.0 $0.0 $0 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Total Debt Total Debt / Adjusted EBITDA Leverage Total Debt Total Debt / Adjusted EBITDA Leverage 1 Source: Public filings; Calculated as quarterly Adjusted EBITDA divided by quarterly interest expense KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 31

2 Contract Structure Supports Cash Flow Visibility 1 Fixed monthly revenue with multi-year terms 2 Annual Producer Price Index rate adjustments 3 Advance billing improves working capital cycle 4 98% mechanical availability guarantee 5 Customer bears mobilization and demobilization costs Kodiak Status Quo Percent of Month-to-Month Contracts Kodiak Status Quo Weighted Average Contract Term (months) 35 7% 2023 Typical Contract Term: 3–5 years 20 93% HP on Month-to-Month Contract HP with Remaining Contract Term Remaining Contract Term Initial Contract Term KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 32

3 Kodiak's Operating Strategy Is Designed to Maximize Uptime KODIAK’S RIGOROUS ENGINE AND COMPRESSOR MAINTENANCE PROGRAM, STRONG WORKFORCE AND DISTRIBUTED SPARE PARTS INVENTORY SYSTEM MATERIALLY DIFFERENTIATE ITS OPERATIONS ▪ Data-driven, preventative maintenance strategy ▪ Program systemically ensures that unit engines are effectively “zero-houred” every ~10 years ▪ Standardized equipment optimizes efficiency of maintenance program Investing in the Capabilities of our Teammates Inventory System Designed to Minimize Downtime ~19,000 ~1,000 Hours of Technical Hours of Professional Training in 2023 Training in 2023 ~1,800 ~13,500 Hours of Compliance Hours of EH&S Positioning spare parts in close proximity to units Training in 2023 Training in 2023 maximizes run-time Kodiak’s customer-centric operating model will be leveraged to create value across the CSI portfolio KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 33

3 Superior Performance 1, 2 Premier Mechanical Availability Monthly Kodiak Mechanical Availability Avg. Kodiak Mechanical Availability COVID-19 Pandemic Winter Storm Uri 100.0% 99.0% 98.0% Average 4-year mechanical 97.0% availability of ~99.5% 96.0% 95.0% Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 1, 2 Illustrative Impact of Mechanical Availability on Customer Revenues Gas lift in oil production Mechanical % Below Monthly Customer Total Annualized Availability Kodiak Revenue Risk Revenue Risk 99.5% 0.0% NA NA 99.0% 0.5% ($47,906) ($574,875) 98.5% 1.0% ($95,813) ($1,149,750) 98.0% 1.5% ($143,719) ($1,724,625) 97.0% 2.5% ($239,531) ($2,874,375) 96.0% 3.5% ($335,344) ($4,024,125) 95.0% 4.5% ($431,156) ($5,173,875) Customers are willing to pay a premium for higher mechanical availability Source: Kodiak Management; Note: Mechanical availability reflects downtime that is incurred as a result of Kodiak’s operations only, including mechanical shutdowns, maintenance, repair or 1 overhauls; Any downtime not caused by Kodiak is not included in the calculation of downtime; Assumes one 3516 compressor unit (1380 HP) located on a wellpad and supporting 10 gas-lifting 2 wells, with 450 Bbl/d production limit per well, resulting in total of 4,500 Bbl/d @ 30.4 days per month; Assumes $70 / Bbl crude pricing KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 34

3 Premier Customer Base Supports Superior Growth 1 2 Top 5 Pro Forma Customer Overview Pro Forma Customers by Type Top 5 Customer Customer Customer Customer Customer 1 customers A B C D E Credit rating BBB+ A- BBB A BBB- 55% 45% % of Revenue as 8.8% 5.8% 5.3% 4.4% 4.1% of Q3 2023 Length of relationship 10+ 10+ 10+ 10+ 10+ (years) Upstream Midstream 1 2 Source: Kodiak Management; Customers ranked according to % of pro forma TTM revenue as of September 30, 2023; By HP as of September 30, 2023 KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 35

4 Fleet Detail – Asset Coverage EXTENSIVE PRO FORMA FLEET PROVIDES STRONG ASSET COVERAGE TO BONDHOLDERS ($ in millions) 1 A/R 172 Current 1 Assets Inventories 117 2 Fleet Detail 2,3,4 Gross Fleet (Orderly Liquidation Value – In Place) 3,554 Units HP Fleet Less: Liquidation Expenses (89) 6,946 4,138,885 Compression 2,3,4 Net Fleet (Orderly Liquidation Value – In Place) 3,465 Production / Processing 562 N/A & Treating Total Net Asset Base 3,754 Asset 5 Coverage Total Debt 2,471 Asset Coverage 1.5x 92.3% of Kodiak’s pro forma asset base is comprised of its high-quality, long-lived compression fleet 1 2 3 Per Company filings, as of 9/30/2023; Per Tiger Asset Intelligent Compression Fleet Appraisal Reports, as of 6/30/2022 (KGS) and 5/31/2023 (CCLP); Orderly Liquidation Value – In Place (OLV-IP) is an asset-based lending concept defined as an estimated amount the target asset could typically realize if sold in a bundled, privately negotiated, competitive sale over a 6- 4 5 to 12-month time period; Includes both Compression and Production/Processing & Treating Fleet; Please refer to page 7 for detail KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 36

5 Capital Allocation Framework Adjusted EBITDA 80% of pro forma debt either Stable and growing cash flow base insulated from short-cycle commodity price swings fixed rate or swapped to fixed, large NOL balance and Cash Interest Cash Taxes Maintenance Capex predictable maintenance (-) capex 80% of pro forma debt either fixed rate or ~$2B NOLs provide tax shield through Estimated ~5-8% of revenues; swapped to fixed 2030 predictable based on fleet age and hours Conservative, prudent, well- covered dividend, balanced Discretionary Cash Flow against investments in (=) business and de-levering to target leverage ratio Cash Dividends (-) Expected dividend coverage of > 2x High-return capital deployment alongside blue- (-) Growth Capex chip customers within free cash flow (=) Cash Flow Positive Publicly-announced leverage target of 3.5x by end of 2025 Target Leverage Ratio of 3.0 – 3.5x Contracted nature of Kodiak’s business enables Kodiak to halt dividend payments or capex to instead pay down debt in a downside market scenario KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 37

6 Leadership Team is One of the Best in the Industry THE KODIAK LEADERSHIP TEAM AVERAGES ~20 YEARS OF INDUSTRY EXPERIENCE John Griggs Mickey McKee Chad Lenamon Chief Financial Officer President & Chief ExecutiveOfficer Chief OperationsOfficer Years in Kodiak: 1 year Years in Kodiak: 13 years Years in Kodiak: 6 years Industry experience: 23years Industry experience: 20 years Industry experience: 25+years • Formed Kodiak in 2010• Joined Kodiak in January 2023• JoinedKodiak from Pegasus in 2019 • Previously held positions as the SVP of Sales and • Previous CFO roles at Circulus Holdings, Conquest • Prior to Kodiak, was the CEO of Pegasus Optimization Marketing / Engineering and Fleet Management for CDM Completion Services and Rubicon Oilfield International Managersand, prior to that, President of CDM Resource ResourceManagement Management • Prior seniorroles in energy private equity, energy lending, and energy investmentbanking Kelly Battle Cory Roclawski Pedro Buhigas Ewan Hamilton,CPA Chief Legal Officer, Chief Human ResourceOfficer Chief Information Officer Chief Accounting Officer Chief Compliance Officer& Years in Kodiak: 3 years Years in Kodiak: 2 years Years in Kodiak: 11 years Corporate Secretary Industry experience: 17 years Industry experience: 18 years Industry experience: 11 years Years in Kodiak: 1 year Industry experience: 19 years • Has served as EVP and General Counsel since • Has served as Chief Human Resource Officer • Has served as Chief Information Officer since • Prior to his role as Chief Accounting Officer, joining Kodiak in December 2022 since joining Kodiak in February 2020 joining Kodiak in September 2021 served as CFO from 2016 to 2022 and previously was the Financial Controller of the Company • Previously was VP and General Counsel at • Previously held various senior HR positionsat • Previously held senior IT leadershippositions at since joining Kodiak in 2012 Exterran in Houston, Texas, where she worked Rubicon Oilfield International and Exterran Basic Energy Services, TETRA Technologies, for 18 years and Stallion OilfieldServices• Previously served as a public auditor atPattillo, Brown & Hill, LLP Jason Stewart,CFA, Travis Marrs Carrie Hodgins Graham Sones EVP of Sales, Fleet VP of Investor Relations CPA EVP of Environmental, Management & Engineering Years in Kodiak: 4 years Health & Safety EVP of CorporateDevelopment Years in Kodiak: 13 years Industry experience: 8 years Years in Kodiak: 2 years and Treasurer Industry experience: 13 years Industry experience: 25+ years Years in Kodiak: 7 years Industry experience: 21 years • Has served as EVP of Sales, Fleet Management, • Has served as EVP of Corporate Development • Has served as EVP of Environmental, Health & • Senior leader in various lending financial and Engineering since 2019 since joining Kodiak in 2016 Safety since joining Kodiak in February 2021 institutions spanning 18 years, most notably CIT Group and Bank of America, with 4 years • Prior to 2019, held various roles in operations• Previously CEO at Themis Capital Corporation • Previously served 15+ years leading EH&S and CFO of Enerven Compression teams for Royal Dutch Shell dedicated to companies in the energy sector • Previous roles at CDM Resource Management in • Significant experience in public accounting firms the Fleet Management and Engineering • Held senior roles at SunTrust Robinson such as KPMG and Arthur Andersen department Humphrey, CIT Energy and PNC 9-member Board that is 56% diverse and is comprised of CEO and 8 independent directors (which includes 2 EQT representatives) Source: Kodiak Management KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 38

Financial Summary

Combined Historical Results 1 Revenue ($mm) Adjusted Gross Margin ($mm) $1,600 $800 $658 $1,216 $596 $1,200 $1,061 $600 $532 $171 $911 $384 $156 $353 $135 $800 $304 $400 $487 $400 $833 $441 $200 $396 $708 $606 $0 $0 2021A 2022A Q1-Q3 2023A Annualized 2021A 2022A Q1-Q3 2023A Annualized KGS CCLP KGS CCLP 1 1 Adjusted EBITDA ($mm) Discretionary Cash Flow ($mm) $562 $287 $600 $300 $515 $258 $50 $462 $129 $231 $115 $450 $38 $225 $101 $42 $300 $150 $237 $432 $220 $399 $189 $361 $150 $75 $0 $0 2021A 2022A Q1-Q3 2023A Annualized 2021A 2022A Q1-Q3 2023A Annualized KGS CCLP KGS CCLP 1 Source: Kodiak Management; Adjusted Gross Margin, Adjusted EBITDA and Discretionary Cash Flow are non-GAAP financial measures; please see Appendix beginning on page 43 for reconciliation of non-GAAP measures KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 40

Well Positioned with Robust Balance Sheet PF Maturity Profile Commentary ($ in millions) ❑ Simple, streamlined capital $2,500 structure $2,200 $2,000 ❑ No near-term maturities $1,500 ❑ Ample liquidity position $1,000 $750 $1,721 ❑ Well hedged with $1.2bn in swaps $500 (80% of pro forma debt either fixed rate or swapped to fixed) $0 2024 2025 2026 2027 2028 2029 2030 ❑ LQA combined Q3 2023 total 1 New HY Notes ABL Undrawn ABL leverage of 4.1x is below current long-term covenant compliance PF Liquidity 3 2 leverage requirement of 5.25x $2,200 ABL Capacity 1 (1,721) Less: Pro Forma Borrowings Less: Letters of Credit Issued (16) Borrowing Capacity $463 1 2 3 Please refer to page 7 for detail; Lesser of (i) $2,200mm of commitments and (ii) pro forma borrowing base availability (est. as $2.7bn as of 1/8/2024); Maximum total leverage steps down beginning for the quarter ended 3/31/2024, unless an unsecured debt issuance occurs, which is expected in Q1 2024 KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 41

Appendix

Kodiak Standalone Non-GAAP Reconciliation Summary Discretionary Cash Flow and Free Cash Flow Adjusted EBITDA (in thousands) (in thousands) 2021 2022 Q1 - Q3 2023 Q3 2023 2021 2022 Q1 - Q3 2023 Q3 2023 Net income $180,963 $106,265 $26,940 $21,766 Net (loss) income $180,963 $106,265 $26,940 $21,766 Interest expense, net 84,640 165,867 182,030 39,710 Depreciation and amortization 160,045 174,463 136,414 46,087 Income tax expense (benefit) (58,573) 33,092 9,765 7,904 Change in fair value of derivatives ( 40,827) ( 87,363) 13,551 ( 7,978) Depreciation and amortization 160,045 174,463 136,414 46,087 Loss on extinguishment of debt - - 6,757 6,757 Loss on extinguishment of debt - - 6,757 6,757 Deferred tax provision ( 60,972) 27,301 6,312 5,551 Gain on derivatives (18,174) (83,116) (42,080) (15,141) Amortization of debt issuance costs 6,944 13,727 11,260 189 Equity compensation expense 1,224 971 3,452 2,544 Equity Compensation expense 1,224 971 3,452 2,544 Transaction expenses 1,351 2,370 1,713 440 Transaction expenses 1,351 2,370 1,713 440 (Gain) loss on sale of capital assets 426 (874) (721) - Impairment of compression equipment 9,107 - - - Impairment of compression equipment 9,107 - - Gain on sale of capital assets 426 ( 874) ( 721) - Adjusted EBITDA $361,009 $399,038 $324,270 $110,067 Maintance capital expenditures ( 38,088) ( 48,313) ( 28,056) ( 12,312) Adjusted EBITDA Percentage 59.5% 56.4% 51.9% 47.7% Discretionary Cash Flow $220,173 $188,547 $177,622 $63,044 Growth capital expenditures ( 170,806) ( 212,953) ( 124,015) ( 55,671) Proceeds from sale of assets 13 8,082 1,055 - Free Cash Flow $49,380 ($16,324) $54,662 $7,373 Adjusted Gross Margin Adjusted Gross Margin for Compression Operations (in thousands) (in thousands) 2021 2022 Q1 - Q3 2023 Q3 2023 2021 2022 Q1 - Q3 2023 Q3 2023 Total Revenues $606,375 $707,913 $624,401 $230,983 Total Revenues 583,070 654,957 545,989 186,673 Cost of Sales (excluding D&A) (210,177) (267,351) (259,164) (104,290) Cost of Sales (excluding D&A) ( 192,813) ( 225,715) ( 193,257) ( 65,470) Depreciation and Amortization (160,045) (174,463) (136,414) (46,087) Depreciation and Amortization ( 160,045) ( 174,463) ( 136,414) ( 46,087) Gross Margin $236,153 $266,099 $228,823 $80,606 Gross Margin 230,212 254,779 216,318 75,116 Depreciation and Amortization 160,045 174,463 136,414 46,087 Depreciation and Amortization 160,045 174,463 136,414 46,087 Adjusted Gross Margin $396,198 $440,562 $365,237 $126,693 Adjusted Gross Margin 390,257 429,242 352,732 121,203 KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 43

Kodiak Standalone Adj. Gross Margin for Compression Operations Reconciliation Adjusted Gross Margin for Compression Operations by Quarter (Q1 2020 – Q4 2021) (in thousands) Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Total Revenues 131,616 123,499 128,355 132,259 137,445 142,622 148,595 154,408 Cost of Sales (excluding D&A) (45,899) (39,045) (39,897) (43,110) (43,269) (47,929) (51,124) (50,491) Depreciation and Amortization (32,751) (38,147) (37,567) (37,167) (38,049) (39,126) (40,789) (42,081) Gross Margin 52,966 46,307 50,891 51,982 56,127 55,567 56,682 61,836 Depreciation and Amortization 32,751 38,147 37,567 37,167 38,049 39,126 40,789 42,081 Adjusted Gross Margin 85,717 84,454 88,458 89,149 94,176 94,693 97,471 103,917 Adjusted Gross Margin for Compression Operations by Quarter (Q1 2022 – Q3 2023) (in thousands) Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Total Revenues 157,495 162,808 163,662 170,992 177,697 181,619 186,673 Cost of Sales (excluding D&A) (52,937) (58,336) (55,872) (58,570) (62,770) (65,017) (65,470) Depreciation and Amortization (42,405) (43,396) (44,111) (44,551) (44,897) (45,430) (46,087) Gross Margin 62,153 61,076 63,679 67,871 70,030 71,172 75,116 Depreciation and Amortization 42,405 43,396 44,111 44,551 44,897 45,430 46,087 Adjusted Gross Margin 104,558 104,472 107,790 112,422 114,927 116,602 121,203 KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 44

CSI Standalone Non-GAAP Reconciliation Summary 1 Discretionary Cash Flow and Free Cash Flow Adjusted EBITDA (in thousands) (in thousands) 2021 2022 Q1 - Q3 2023 Q3 2023 2021 2022 Q1 - Q3 2023 Q3 2023 Net loss ($50,272) ($22,095) ($6,133) ($947) Net loss ($50,272) ($22,095) ($6,133) ($947) Provision for income taxes 4,952 4,786 1,685 209 Interest expense, net 54,791 50,503 40,472 13,410 Depreciation and amortization 78,234 78,231 57,193 19,256 Provision for income taxes 4,952 4,786 1,685 209 Impairment of fixed assets and inventory - 135 - - Depreciation and amortization 78,234 78,231 57,193 19,256 Non-cash cost of compressors sold 3,368 1,382 867 411 Impairment of fixed assets and inventory - 135 - - Equity compensation expense 1,954 1,622 1,334 457 Non-cash cost of compressors sold 3,368 1,382 867 411 Outside services costs related to unit disposals - - 155 - Equity compensation expense 1,954 1,622 1,334 457 Fire Damaged Unit - - 893 893 Outside services costs related to unit disposals - - 155 - (Benefit) Provision for income taxes, depreciation, 256 ( 173) - - Severance 114 432 213 88 amortization and impairments attributed to Fire Damaged Unit - - 893 893 discontinued operations (Benefit) Provision for income taxes, depreciation, 256 ( 173) - - ERP Write off 4,635 - - - amortization and impairments attributed to Reorganization costs 754 - - - discontinued operations ERP Write off 4,635 - - - Prior year sales tax accrual adjustment 367 - - - Reorganization costs 754 - - - Manufacturing engine order cancellation charge 300 - - - Prior year sales tax accrual adjustment 367 - - - Other - 230 179 62 Manufacturing engine order cancellation charge 300 - - - Transaction Costs 2,146 210 - - Other ( 137) 440 430 62 Current Income tax expense ( 4,756) ( 4,410) ( 2,058) ( 352) Transaction Costs 2,146 210 - - Maintenance capital expenditures ( 12,761) ( 18,028) ( 16,408) ( 6,105) Adjusted EBITDA $101,462 $115,473 $97,109 $33,839 Non-cash items included in interest expense 8,592 526 104 75 Distributable Cash Flow $37,769 $42,416 $37,811 $13,959 Growth Capex, net of sales proceeds ( 29,337) ( 25,911) ( 17,760) ( 6,108) Free Cash Flow $8,432 $16,505 $20,051 $7,851 1 1, 2 Adjusted Gross Margin Adjusted Gross Margin for Contract Services (in thousands) (in thousands) 2021 2022 Q1 - Q3 2023 Q3 2023 2021 2022 Q1 - Q3 2023 Q3 2023 Total Revenues $304,171 $353,398 $287,857 $99,707 Total Revenues $234,998 $263,241 $211,625 $71,457 Cost of Sales (excluding D&A) ( 168,687) ( 197,566) ( 159,619) ( 54,321) Cost of Sales (excluding D&A) ( 118,702) ( 135,639) ( 107,747) ( 35,153) 3 Depreciation and Amortization ( 78,234) ( 78,231) ( 57,193) ( 19,256) Depreciation and Amortization ( 78,234) ( 78,231) ( 57,193) ( 19,256) Gross Margin $57,250 $77,601 $71,045 $26,130 Gross Margin $38,062 $49,371 $46,685 $17,048 Depreciation and Amortization 78,234 78,231 57,193 19,256 Depreciation and Amortization 78,234 78,231 57,193 19,256 Adjusted Gross Margin $135,484 $155,832 $128,238 $45,386 Adjusted Gross Margin $116,296 $127,602 $103,878 $36,304 1 2 3 Prepared by Kodiak as CSI does not present these figures; Most equivalent reportable unit to Kodiak's Compression Operations Segment; Assumes all depreciation and amortization of CCLP is related to the Contract Services reportable unit as the majority of the property, plant, and equipment are attributable to compression and equipment KODIAK GAS SERVICES J a n u a r y 2 0 2 4 I n v e s t o r P r e s e n t a t i o n | 45