Natural Gas Services Group, Inc. - NGS STOCK NEWS

Natural Gas Services Group, Inc. (NYSE:NGS) reported its financial results for the year ended December 31, 2022. Total revenue rose 17.1% to $84.8 million, driven by a 17.0% increase in rental revenue, totaling $74.5 million. The company's GAAP net loss improved to $0.6 million, or $(0.05) per share, compared to a net loss of $9.2 million in 2021. Adjusted EBITDA increased significantly to $29.2 million from $18.7 million. Rental fleet utilization also improved, reaching 74.8% for horsepower and 65.3% for units. The Earnings Call is scheduled for April 3, 2023, to discuss these results further.

Natural Gas Services Group, Inc. (NYSE:NGS) has announced the rescheduling of its earnings conference call for the fourth quarter and full year of 2022. This decision is made to complete the 2022 audit for the 10-K. The call was initially set for March 23, 2023, at 11:00 a.m. Eastern. NGS plans to release a separate announcement detailing the new date and time for the call.

Based in Midland, Texas, NGS specializes in providing wellhead compression equipment to the natural gas industry, focusing on non-conventional gas and oil sectors. The company also manufactures, rents, and maintains natural gas compressors and flare systems.

Natural Gas Services Group, Inc. (NYSE: NGS) will conduct a conference call on March 23, 2023, at 10:00 a.m. CDT to discuss its fourth-quarter and full-year 2022 financial results. Participants can access the call via webcast on the company's website or by calling (800) 715-9871 with conference ID 5410343. A recording will be available post-call. NGS specializes in natural gas compression technology, providing equipment and services to the energy sector. The company has facilities in Midland, Texas and Tulsa, Oklahoma, serving major energy production areas in the U.S.

Natural Gas Services Group (NGS) received letters from Hoak & Co., owning 9.3% of its shares, requesting the Company halt its CEO search and consider strategic opportunities, including a sale or merger. In response, NGS emphasizes the importance of appointing a permanent CEO and expanding the Board for enhanced expertise. As the retirement of Interim CEO Steve Taylor approaches on June 30, 2023, NGS is working with search firms to identify suitable candidates. The Board remains focused on organic growth through expanding its compressor rental fleet, funded by operating cash flows and an expanded bank facility.

Natural Gas Services Group, Inc. (NGS) announced the resignation of Interim CEO John W. Chisholm, effective November 11, 2022, with Stephen C. Taylor appointed as his successor. In Q3 2022, NGS reported rental revenue of $18.6 million, a 15% increase year-over-year, contributing to total revenue of $20.7 million. The company recorded a net loss of $80,000, improving from a $1.3 million loss in Q3 2021. Adjusted EBITDA surged by 44% to $7.7 million. NGS noted inflationary pressures impacting operating expenses but emphasized continued demand for large horsepower compression.

Natural Gas Services Group, Inc. (NYSE:NGS) has announced the rescheduling of its third quarter 2022 earnings release and conference call. The earnings report will now be released after market close on November 14, 2022. The conference call to discuss the results is set for November 15, 2022, at 10:00 AM EST. Interested participants can access the call via the company's website or by telephone. NGS specializes in gas compression technology and services for the energy sector, with operations in major energy-producing areas across the U.S.

Natural Gas Services Group, Inc. (NYSE: NGS) has announced its schedule for releasing third quarter 2022 results on November 10, 2022. The financial results will cover the period ending September 30, 2022, and will be released before the market opens. An earnings conference call will take place at 10:00 AM EDT (9:00 AM CDT) on the same day. Participants can access the call via webcast or phone, with details provided in the press release. NGS specializes in gas compression technology for the energy sector, headquartered in Midland, Texas.

Natural Gas Services Group, Inc. (NGS) has rescheduled its second quarter earnings call to August 16, 2022, at 10:00 AM ET after a technical issue disrupted the original connection. Interim CEO John Chisholm apologized for the inconvenience and looks forward to the discussion. Participants can join via the company's website or by phone. NGS specializes in natural gas compression technology and services for the energy industry, with operations in key U.S. energy-producing areas. The company emphasizes the importance of upcoming communications to investors.