Natural Gas Services Group, Inc. - NGS STOCK NEWS

Natural Gas Services Group (NYSE: NGS) has announced its participation in the NobleCon20 - Noble Capital Markets' Twentieth Annual Emerging Growth Equity Conference. CEO Justin Jacobs will present at Florida Atlantic University's Executive Education Complex in Boca Raton, FL on Tuesday, December 3rd, 2024, at 10:00 a.m. ET.

A high-definition video webcast of the presentation will be available the following day on multiple platforms including the company's website (www.ngsgi.com), Noble Capital Markets' Conference website (www.nobleconference.com), and Channelchek (www.channelchek.com). The webcast will remain archived on these platforms for 90 days after the event.

Natural Gas Services Group (NGS) reported strong Q3 2024 results with rental revenue of $37.4 million, up 35% year-over-year. Net income reached $5.0 million ($0.40 per basic share), compared to $2.2 million in Q3 2023. Adjusted EBITDA increased to $18.2 million, up 53.7% from prior year.

The company raised its FY 2024 Adjusted EBITDA guidance to $67-69 million and expects growth capital expenditures of $65-75 million. For FY 2025, growth capital expenditures are projected at $90-110 million. NGS maintains a strong position with 475,534 rented horsepower and 82% utilization rate.

Natural Gas Services Group (NGS), a leading provider of natural gas compression equipment and services, has announced its participation in the Sidoti Micro-Cap Virtual Investor Conference scheduled for November 13-14, 2024. CEO Justin Jacobs will deliver a presentation on Wednesday, November 13th, 2024, at 1:45 p.m. ET. The company's participation in this investor conference demonstrates its commitment to engaging with the investment community and sharing its business insights.

Natural Gas Services Group (NGS) has appointed Ian Eckert as its new Chief Financial Officer, effective no later than January 6, 2025. Eckert joins from Alamo Group where he served as Chief Accounting Officer, VP, and Corporate Controller. He brings experience in financial management, public company accounting, and acquisition integration. Current Interim CFO John Bittner will continue in his role until Eckert's start date and provide transition services thereafter. Eckert previously held positions at AMETEK's Electron Microscopy Technologies and Howmet Aerospace, and holds degrees from Indiana University and Carnegie Mellon University.

Natural Gas Services Group (NYSE:NGS) has scheduled its Q3 2024 earnings conference call for Friday, November 15, 2024, at 8:30 a.m. EST. The company will release its financial and operating results for the nine months ended September 30, 2024, after market close on Thursday, November 14, 2024. Investors can join the call by accessing the company's website or dialing (800) 550-9745 with conference ID 167298. A recording will be available on the company's website after the call.

Natural Gas Services Group (NGS) has appointed Jean Holley to its Board of Directors, expanding the board from six to seven members effective November 1, 2024. Holley, currently serving on the boards of Herc Holdings and Accord Financial Corp, brings extensive experience as a former CIO and board director. Her expertise spans digital transformations, operational efficiency, M&A, and cybersecurity programs. The appointment aligns with NGS's strategy to grow its large horsepower rental fleet and expand its customer base. Holley will contribute to the company's technology infrastructure, cybersecurity programs, and data analytics capabilities.

Natural Gas Services Group (NYSE: NGS), a top provider of natural gas compression equipment and services, announced its participation in two investor conferences in September 2024. CEO Justin Jacobs will present at the Lake Street Capital Markets 8th Annual Best Ideas Growth (BIG8) Conference on September 12, 2024, at The Yale Club in New York City.

This event offers NGS an opportunity to showcase its latest innovations and market strategies to potential investors and industry analysts. The company's participation in such conferences highlights its commitment to transparency and shareholder engagement, potentially impacting its stock performance and investor relations.

Natural Gas Services Group (NGS) reported strong Q2 2024 results, with rental revenue up 45% year-over-year to $34.9 million. The company's net income increased to $4.3 million ($0.34 per basic share), compared to $0.5 million in Q2 2023. Adjusted EBITDA rose 66.6% to $16.5 million. NGS also increased its 2024 guidance, now expecting Adjusted EBITDA of $64-68 million and growth capital expenditures of $60-80 million. The company cited robust compression demand, particularly in the Permian Basin, and new contracts with blue-chip customers as drivers for growth. NGS plans to focus on large horsepower compression investments, including electric-driven units, targeting a return on invested capital above 20%.

Natural Gas Services Group (NYSE:NGS), a leading provider of natural gas compression equipment, has scheduled its Q2 2024 earnings release and conference call. The company will release its financial results for the three months ended June 30, 2024, after market close on August 14, 2024. A conference call to discuss these results is set for August 15, 2024, at 8:30 a.m. EST. Investors can join the call by accessing the Investor Relations section of the company's website or dialing (800) 550-9745 with conference ID 167298. NGS designs, rents, sells, and maintains natural gas compressors for oil and natural gas production facilities, utilizing equipment from third-party fabricators and OEM suppliers with in-house assembly.