Pinnacle Gas Services Valuation, Funding & Investors

Pinnacle Gas Services is valued at $2.2B as of June 2026.

Last Pinnacle Gas Services valuation

$2.2B

Undisclosed stage · Jun 2026

Last Pinnacle Gas Services funding round

$600M

Undisclosed stage · Jun 2026

Cumulative funding Pinnacle Gas Services raised

$600M

across 1 funding round

Key investors in Pinnacle Gas Services

  • Sixth Street

Pinnacle Gas Services Overview

About Pinnacle Gas Services

Pinnacle Gas Services is a midstream energy company. It runs high-pressure gathering pipelines and natural gas treating plants as a subsidiary focused on upstream production volumes.


Founded

2023

HQ

United StatesDallas, TX

Status

Privately held

Customer focus

B2B

Revenue model

Services

Valuation

$2.2B (Jun 2026)

Pinnacle Gas Services Valuation

Pinnacle Gas Services is currently valued at $2.2B, based on its undisclosed-stage round in June 2026.

The $600M round was led by Sixth Street.

Pinnacle Gas Services valuation by funding round

Pinnacle Gas Services valuation by funding round
DateStageValuation
Jun 2026Undisclosed stage$2.2B

Pinnacle Gas Services Funding History

Pinnacle Gas Services has raised a total of $600M across 1 funding round.

Pinnacle Gas Services funding rounds

Pinnacle Gas Services funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2026Undisclosed stageSixth Street (lead)$600M$2.2BSixth Street invested USD 600 million in Pinnacle Gas Services and acquired a 27% non-controlling common equity interest, implying a USD 2.2 billion enterprise value for the business. Comstock retained a 73% controlling interest and continues to manage, operate, and control Pinnacle under a management services agreement. The transaction proceeds were used to fully extinguish and retire Pinnacle’s preferred equity securities for USD 445 million plus accrued dividends, retire all outstanding debt at Pinnacle, cover transaction costs, and add working capital. Sixth Street’s ownership is scheduled to step down to 19.5% if certain return hurdles are achieved, with Comstock’s stake rising to 80.5%. The deal was structured as a minority strategic investment and is expected to materially reduce Pinnacle’s fixed charges by about USD 40 million per year. Strategically, the investment appears aimed at deleveraging Pinnacle, simplifying its capital structure, and supporting Comstock’s midstream infrastructure tied to Western Haynesville natural gas development in East Texas. Pinnacle owns and operates the Pinnacle gathering and treating system, which serves Comstock’s upstream operations. Pinnacle Gas Services LLC is a Delaware limited liability company and a subsidiary of Comstock Resources. Comstock described itself as a natural gas producer focused on the Haynesville Shale in North Louisiana and East Texas, and Pinnacle functions as its midstream gathering and treating platform.

Who has invested in Pinnacle Gas Services?

1 investor has backed Pinnacle Gas Services across its funding rounds, including Sixth Street.

Lead investors include Sixth Street.


Pinnacle Gas Services Investors

Investors in Pinnacle Gas Services by funding rounds participated
InvestorHQRoundsRoleFirst check

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Pinnacle Gas Services Competitors

Pinnacle Gas Services competitors include listed companies like Aker Solutions, Arabian Drilling, Indraprastha Gas and Promigas, and private ones like Enpal and Arcadia.

Public and private companies comparable to Pinnacle Gas Services
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Aker SolutionsNorwayNorwayPublicly listed$6.6B$505M$2.2B0.3x
Arabian DrillingSaudi ArabiaSaudi ArabiaPublicly listed$916M$297M$2.2B3.1x
Indraprastha GasIndiaIndiaPublicly listed$1.7B$241M$2.2B1.0x
PromigasColombiaColombiaPublicly listed$2.3B$979M$2.2B3.1x
EnpalGermanyBerlinPrivate$1B$24M$2.5B-
ArcadiaUnited StatesDenver, COPrivate--$1.5B-

Pinnacle Gas Services Public Comps

Pinnacle Gas Services is still privately-owned, but its public comps include Aker Solutions, Arabian Drilling, Indraprastha Gas, Promigas, Alupar Investimento, Nippon Gas, MVV Energie, Korea Gas, Nofar Energy and NGL Energy Partners.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Aker Solutions$6.6B$505M0.3x0.3x4.0x3.9x
Arabian Drilling$916M$297M3.1x3.1x9.6x8.7x
Indraprastha Gas$1.7B$241M1.0x1.0x7.2x9.0x
Promigas$2.3B$979M2.3x3.1x5.6x8.7x
Alupar Investimento$855M$730M5.5x6.5x6.5x8.0x
Nippon Gas$1.3B$205M1.7x1.7x11.4x11.5x
MVV Energie$6.7B$585M0.7x-7.7x-
Korea Gas$26B$2.5B1.0x1.0x10.3x8.4x

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Common questions about Pinnacle Gas Services

When was Pinnacle Gas Services founded?Pinnacle Gas Services was founded in 2023.
Where is Pinnacle Gas Services headquartered?Pinnacle Gas Services is headquartered in Dallas, TX, United States.
Is Pinnacle Gas Services publicly listed?No, Pinnacle Gas Services is a private, VC-backed company.
What is Pinnacle Gas Services' valuation?Pinnacle Gas Services was last valued at $2.2B in its undisclosed-stage round in June 2026.
How much funding has Pinnacle Gas Services raised?Pinnacle Gas Services has raised $600M across 1 funding round.
What was Pinnacle Gas Services' last funding round?Pinnacle Gas Services' last funding round was a $600M undisclosed-stage round in June 2026, led by Sixth Street.
Who are Pinnacle Gas Services' investors?Pinnacle Gas Services' investors include Sixth Street.
Which companies are comparable to Pinnacle Gas Services?Companies comparable to Pinnacle Gas Services include Aker Solutions, Arabian Drilling, Indraprastha Gas, Promigas, Enpal and Arcadia.

See companies similar to Pinnacle Gas Services

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