Kodiak Gas Services, Inc. bonds KGS
Who owns Kodiak Gas Services, Inc.'s debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. KGS stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 50012LAF1 | 5.875% fixed | 2031-04-01 | USD | 98.90 | 6.15% | 183 bp | 59 | $104.3M | Jul 2026 |
| 50012LAD6 | 6.5% fixed | 2033-10-01 | USD | 99.90 | 6.52% | 205 bp | 65 | $65.1M | Jul 2026 |
| 50012LAE4 | 6.75% fixed | 2035-10-01 | USD | 100.78 | 6.63% | 207 bp | 51 | $63.2M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Aug 2026 partial: filings still arriving | 2 | $51K | 101.46 | 6.39% | 182 bp | 1 |
| Jul 2026 | 3 | $232.6M | 99.90 | 6.52% | 205 bp | 65 |
| Jun 2026 | 3 | $386.6M | 101.34 | 6.27% | 192 bp | 123 |
| May 2026 | 3 | $166.7M | 101.79 | 6.19% | 186 bp | 55 |
| Apr 2026 | 3 | $234.6M | 102.30 | 6.11% | 192 bp | 80 |
| Mar 2026 | 4 | $565.3M | 101.33 | 6.09% | 219 bp | 124 |
| Feb 2026 | 3 | $155.9M | 103.69 | 5.98% | 204 bp | 59 |
| Jan 2026 | 3 | $233.8M | 103.34 | 6.10% | 210 bp | 74 |
| Dec 2025 | 3 | $356.2M | 102.83 | 6.15% | 223 bp | 125 |
| Nov 2025 | 3 | $157.7M | 102.73 | 6.17% | 225 bp | 63 |
| Oct 2025 | 3 | $242.7M | 103.00 | 6.10% | 228 bp | 72 |
| Sep 2025 | 3 | $367.3M | 102.70 | 6.21% | 226 bp | 133 |
| Aug 2025 | 1 | $39.8M | 103.46 | 6.12% | 242 bp | 32 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 87 added, 115 cut, 21 new holders and 48 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $80.6M | $81.6M | -$33.8M |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $49.4M | $49.2M | $5.2M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $32.1M | $32.6M | $3.1M |
| American High Income Trust | 2026-06-30 | $29.0M | $29.3M | -$10.6M |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $24.8M | $25.1M | $12.2M |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $20.3M | $20.4M | -$1.7M |
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $20.3M | $20.2M | $1.0M |
| Federated Hermes Institutional High Yield Bond Fund Federated Hermes Institutional Trust | 2026-07-31 | $18.8M | $18.8M | $0 |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $16.8M | $17.0M | -$4.2M |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $14.1M | $14.3M | -$3.8M |
| Multi-Manager High Yield Bond Fund Goldman Sachs Trust II | 2026-07-31 | $14.3M | $14.1M | $10.1M |
| Franklin High Income Fund Franklin High Income Trust | 2026-06-30 | $11.2M | $11.3M | -$3.5M |
| Goldman Sachs High Yield Fund GOLDMAN SACHS TRUST | 2026-06-30 | $10.6M | $10.7M | -$1.9M |
| Columbia Strategic Income Fund COLUMBIA FUNDS SERIES TRUST I | 2026-05-31 | $10.3M | $10.5M | $4.6M |
| Income Fund of America | 2026-07-31 | $10.5M | $10.5M | $0 |
| Eaton Vance Income Fund of Boston Eaton Vance Series Trust II | 2026-07-31 | $10.0M | $10.0M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $8.3M | $8.3M | $5.6M |
| NYLIM VP MacKay High Yield Corporate Bond Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $7.9M | $7.9M | $400K |
| Nuveen High Yield Fund TIAA-CREF Funds | 2026-06-30 | $7.4M | $7.5M | -$5.3M |
| JNL/PPM America High Yield Bond Fund JNL Series Trust | 2026-06-30 | $7.3M | $7.4M | $4.3M |
| BlackRock Corporate High Yield Fund, Inc. | 2026-06-30 | $7.3M | $7.4M | -$2.9M |
| NYLIM MacKay Short Duration High Income Fund NYLIM FUNDS TRUST | 2026-07-31 | $7.5M | $7.4M | $2.8M |
| Xtrackers USD High Yield Corporate Bond ETF DBX ETF Trust | 2026-05-29 | $7.2M | $7.3M | $297K |
| BlackRock High Yield V.I. Fund BlackRock Variable Series Funds II, Inc. | 2026-06-30 | $6.5M | $6.6M | $1.4M |
| Franklin High Yield Corporate ETF Franklin Templeton ETF Trust | 2026-06-30 | $5.7M | $5.7M | $415K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): RIVERPARK SHORT TERM HIGH YIELD FUND ($42.0M), High Yield Fund ($14.9M), RBC BlueBay High Yield Bond Fund ($14.6M), Lord Abbett Floating Rate Fund ($4.8M), Tortoise Energy Fund ($4.7M), Payden Core Bond Fund ($2.3M), Payden Absolute Return Bond Fund ($2.0M), JNL/PPM America Total Return Fund ($1.8M), CrossingBridge Responsible Credit Fund ($1.6M), NVIT Loomis Short Term Bond Fund ($1.5M).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 3 | $49.4M | $49.2M | 0.17% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 3 | $32.1M | $32.6M | 0.20% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 3 | $20.3M | $20.4M | 0.18% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 3 | $16.8M | $17.0M | 0.23% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $8.3M | $8.3M | 0.11% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 3 | $7.2M | $7.3M | 0.21% |
| FLHY Franklin High Yield Corporate ETF | 2026-06-30 | 2 | $5.7M | $5.7M | 0.48% |
| SRLN State Street(R) Blackstone Senior Loan ETF | 2026-06-30 | 1 | $4.9M | $4.9M | 0.09% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 3 | $4.7M | $4.8M | 0.20% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $4.5M | $4.5M | 0.09% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 3 | $3.8M | $3.8M | 0.15% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 3 | $3.6M | $3.7M | 0.07% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 3 | $2.8M | $2.8M | 0.01% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 2 | $2.6M | $2.6M | 0.02% |
| HYBL State Street(R) Blackstone High Income ETF | 2026-06-30 | 1 | $2.4M | $2.4M | 0.43% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 11.62: safer than 86% of companies (91th percentile in Energy). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $4.77B |
| Debt barrier (short-term + ½ long-term debt) | $42.7M |
| Equity volatility (1 year) | 40.7% |
| Asset value / asset volatility (solved) | $4.82B / 40.3% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 205 bp spread prices in about 3.4% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Altman Z = 1.33 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in KGS's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 32 | $101.4M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 393 | $7.57B | 6 | $30.8M | 9 | $40.2M | 0 |
| 2026-03-31 | 311 | $4.17B | 9 | $89.4M | 8 | $39.2M | 0 |
| 2025-12-31 | 271 | $2.99B | 9 | $97.5M | 9 | $37.8M | 0 |
| 2025-09-30 | 246 | $3.40B | 11 | $75.7M | 9 | $56.3M | 0 |
| 2025-06-30 | 239 | $2.06B | 5 | $15.6M | 7 | $21.6M | 0 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.