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Natural Gas Services Group, Inc. - NGS STOCK NEWS

Welcome to our dedicated page for Natural Gas Services Group news (Ticker: NGS), a resource for investors and traders seeking the latest updates and insights on Natural Gas Services Group stock.

Natural Gas Services Group, Inc. (NGS) is a key player in the energy sector, specializing in the production and maintenance of natural gas compression equipment. Headquartered in Midland, Texas, the company has established itself as a reliable provider for the oil and gas industry. Natural Gas Services Group offers a comprehensive range of products and services, including the manufacture, fabrication, rental, and sale of natural gas compressors and flare systems.

The company's business operations are divided into three main segments: Rental, Sales, and Aftermarket services. A significant portion of its revenue is generated through the rental of low- to medium-horsepower compression equipment, primarily targeting natural gas production companies operating in unconventional oil and gas regions across the United States.

Recently, NGS has focused on expanding its rental fleet to meet the growing demand for natural gas compression in various energy markets. This strategic move has not only strengthened its market position but also ensured a steady revenue stream. The company's dedication to quality and customer satisfaction is evident in its robust after-sales support and maintenance services.

Financially, Natural Gas Services Group has shown resilience and adaptability, navigating through market fluctuations and maintaining a stable financial condition. The company continues to explore new partnerships and projects to enhance its offerings and expand its market reach.

For the latest updates, investor relations information, and more details about Natural Gas Services Group, Inc., visit their official website.

Rhea-AI Summary

On May 15, 2024, Natural Gas Services Group (NYSE: NGS) reported its financial results for Q1 2024. The key highlights include:

Rental revenue increased by 48% YoY to $33.7 million, and net income surged to $5.1 million ($0.41 per share) from $0.4 million ($0.03 per share) in Q1 2023. Adjusted EBITDA more than doubled to $16.9 million from $7.8 million in the prior-year period.

Total revenue for Q1 2024 rose by 38.6% YoY to $36.9 million. The company also noted an increase in gross margin to $14.2 million and operating income to $9.3 million. Cash and cash equivalents were $5.2 million with a working capital of $54.4 million.

Debt stands at $172 million with a leverage ratio of 2.57. The company reaffirmed its full-year 2024 outlook for adjusted EBITDA between $61 million and $67 million.

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Natural Gas Services Group, Inc. (NYSE:NGS) will host a conference call to review Q1 2024 financial results on May 16, 2024. The Company provides natural gas compression equipment, technology, and services to the energy industry. Financial and operating results for Q1 2024 will be released on May 15, 2024. NGS manufactures, rents, sells, and maintains natural gas compressors for oil and natural gas production and plant facilities.

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Natural Gas Services Group, Inc. (NGS) reports strong financial results for the full year and fourth quarter of 2023, with significant increases in rental revenue and adjusted EBITDA. The company's rental fleet utilization also improved, reflecting a successful year in the energy industry.
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Natural Gas Services Group, Inc. (NYSE:NGS) will host a conference call to discuss fourth-quarter and fiscal 2023 financial results on April 2, 2023. The news release will be issued on April 1st, with details on how to join the call provided. Participation in the Q&A section requires dialing in at (800) 550-9745.
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Natural Gas Services Group, Inc. (NYSE: NGS) announced the appointment of Justin Jacobs as Chief Executive Officer, effective February 12, 2024. The appointment follows an extensive search process and the retirement of Interim CEO Stephen Taylor. Taylor will remain Chairman of the Board and provide transition services for 6 months. Jacobs, a former director and shareholder, is expected to drive the company's performance.
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Natural Gas Services Group, Inc. (NYSE:NGS) announced its third-quarter 2023 financial results, reporting rental revenue of $27.7 million, a 49% increase from Q3 2022 and a 15% increase from Q2 2023. Net income stood at $2.2 million, compared to a net loss of $80,000 in Q3 2022 and net income of $504,000 in Q2 2023. Adjusted EBITDA was $11.8 million, up from $7.7 million in Q3 2022 and $9.9 million in Q2 2023. Chairman and Interim CEO Stephen C. Taylor highlighted the successful quarter, with total revenue increasing over 16% from the prior quarter and a year-over-year increase of 42%, driven by rental revenue growth.
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Natural Gas Services Group, Inc. (NYSE:NGS) will host a conference call to review third-quarter 2023 financial results on November 15, 2023. The call will be accessible via webcast on the company's website and participants can also join by phone using the provided conference ID. A recording of the call will be available on the website afterwards.
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Natural Gas Services Group, Inc. (NYSE:NGS) has appointed Georganne Hodges, an energy industry veteran, to its Board of Directors. The Board size has been increased from five to six members. Ms. Hodges brings over 30 years of experience in the energy industry and will join the class of directors whose term expires in 2025. She will also join the Company's Audit Committee.
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Natural Gas Services Group appoints Brian L. Tucker as President and Chief Operating Officer
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FAQ

What is the current stock price of Natural Gas Services Group (NGS)?

The current stock price of Natural Gas Services Group (NGS) is $25.91 as of November 20, 2024.

What is the market cap of Natural Gas Services Group (NGS)?

The market cap of Natural Gas Services Group (NGS) is approximately 318.7M.

What does Natural Gas Services Group, Inc. do?

Natural Gas Services Group, Inc. provides natural gas compression equipment and services, including manufacturing, fabrication, rental, sales, and maintenance of compressors and flare systems.

Where is Natural Gas Services Group, Inc. located?

The company is headquartered in Midland, Texas.

What are the main business segments of Natural Gas Services Group, Inc.?

The main business segments are Rental, Sales, and Aftermarket services.

How does Natural Gas Services Group, Inc. generate most of its revenue?

The company generates most of its revenue from renting low- to medium-horsepower compression equipment to natural gas production companies in the U.S.

Does Natural Gas Services Group, Inc. offer maintenance services?

Yes, the company provides robust after-sales support and maintenance services.

What is the recent strategic focus of Natural Gas Services Group, Inc.?

The company has focused on expanding its rental fleet to meet the growing demand for natural gas compression in various energy markets.

How can I get the latest updates about Natural Gas Services Group, Inc.?

You can visit the company's official website or contact their investor relations at (432) 262-2700 or via email at ir@ngsgi.com.

Is Natural Gas Services Group, Inc. involved in any partnerships?

Yes, the company continues to explore new partnerships and projects to enhance its offerings and expand its market reach.

What kind of equipment does Natural Gas Services Group, Inc. rent out?

The company rents out low- to medium-horsepower natural gas compression equipment.

What regions do Natural Gas Services Group, Inc. primarily serve?

The company primarily serves natural gas production companies operating in unconventional oil and gas regions of the United States.

Natural Gas Services Group, Inc.

NYSE:NGS

NGS Rankings

NGS Stock Data

318.73M
9.52M
7.29%
86.96%
1.01%
Oil & Gas Equipment & Services
Oil & Gas Field Services, Nec
Link
United States of America
MIDLAND