4 unchanged sentences
The number of record holders does not include holders of common units held in “street name” or persons, partnerships, associations, corporations, or other entities identified in security position listings maintained by depositories.
−Removed: On each of November 10, 2023 and February 23, 2024, Kodiak paid a quarterly cash dividend of $0.38 per share of common stock.
−Removed: We expect that, based on current circumstances, we expect to continue to pay comparable cash dividends in the foreseeable future.
−Removed: The following graph and table compare total shareholder return on our common stock from the initial public offering date of June 29, 2023 to December 31, 2023, with the Standard & Poor’s 500 ® Index (“S&P 500”) and Alerian US Midstream Energy Index (“AMUSX”) over the same period.
+Added: On February 3, 2025, our Board declared a quarterly dividend of $0.41 per share of common stock, or approximately $36.0 million, which was paid on February 21, 2025 to stockholders of record at the close of business on February 14, 2025.
+Added: The declaration and payment of future dividends will be at the discretion of the Board and will depend on future business conditions, financial conditions, results of operations and other factors.
+Added: Based on current circumstances, we expect to continue to pay comparable cash dividends in the foreseeable future.
+Added: The performance graph below compares total shareholder return on our common stock from the initial public offering date of June 29, 2023 to December 31, 2024, with the Standard & Poor’s 500 ® Index (“S&P 500”) and Alerian US Midstream Energy Index (“AMUSX”) over the same period.
The results are based on an investment of $100 in each of our common stock, the S&P 500, and the AMUSX.
2 unchanged sentences
Unregistered Sales of Equity Securities
−Removed: Use of Proceeds
−Removed: Table of Conten ts
−Removed: On June 28, 2023, Kodiak’s Registration Statement on Form S-1 relating to the IPO was declared effective by the SEC.
−Removed: The Company received net proceeds of approximately $267 million from the IPO (including from the full exercise of the underwriters’ over allotment option), after deducting underwriting discounts on July 3, 2023.
−Removed: The net proceeds were used for repayment of existing indebtedness, as described further in Note 9 (“Debt and Credit Facilities”) to the Consolidated Financial Statements included elsewhere in this Annual Report, and general corporate purposes.
Repurchases of Equity Securities by Issuer and Affiliated Purchasers
+Added: The following table contains information about our purchases of our common stock during the three months ended December 31, 2024.
+Added: Period Total Number of Shares Purchased Average Price Paid Per Share (1)
+Added: Total Number of Shares Purchased as Part of a Publicly Announced Program (2)(3)
+Added: Maximum Dollar Value of Shares that May Yet Be Purchased Under the Program (2)
+Added: (in thousands)
+Added: October 1-31, 2024 — — — —
+Added: November 1-30, 2024 434,783 $ 34.50 434,783 $ 35,000
+Added: December 1-31, 2024 — — — —
+Added: Total 434,783 $ 34.50 434,783 $ 35,000
+Added: Excluding fees, commissions, and expenses associated with the share repurchases.
+Added: On November 14, 2024, the Company announced that our Board approved a share repurchase program to buy up to an aggregate of $50.0 million of our outstanding common stock (the “Share Repurchase Program”).
+Added: The Share Repurchase Program expires on December 31, 2025.
+Added: On November 13, 2024, our Board authorized the repurchase of $15 million of shares of common stock from Kodiak Holdings.
+Added: On November 18, 2024, we purchased from Kodiak Holdings in a private transaction pursuant to the Share Repurchase Program 434,783 shares of our common stock at a price per share of $34.50.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.