STOCK TITAN

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

Natural Gas Services Group, Inc. (NYSE: NGS) announced a stock repurchase program authorizing up to $10 million in buybacks before September 30, 2022. This replaces the previous program that concluded on September 30, 2021, during which the company repurchased 478,769 shares at an average price of $10.45. The buybacks will use existing liquidity and free cash flow, allowing management to capitalize on market conditions and enhance shareholder value.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.5%
Tags
buyback
-
Rhea-AI Summary

Natural Gas Services Group (NGS) reported Q2 2021 revenues of $17.7 million, up 2% from Q1 2021 and 2% from Q2 2020. Rental revenue rose by 3.2% to $15.6 million. However, the company incurred a net loss of $1.9 million, compared to a profit of $165,000 in Q2 2020. Adjusted EBITDA fell to $4.5 million from $7.1 million year-on-year. Despite increased operational activity, gross margins decreased to $473,000. Higher costs and challenges due to the pandemic affected overall profitability. The company repurchased 175,007 shares, maintaining a strong cash position with $26.2 million in cash and no debt.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.07%
Tags
none
-
Rhea-AI Summary

Natural Gas Services Group, Inc. (NYSE:NGS) announced its second quarter 2021 earnings release scheduled for August 12, 2021, before market opening. A conference call will follow at 10:00 a.m. Central Time, led by Chairman and CEO Stephen Taylor, discussing financial results. The call can be accessed by dialing 877-358-7306. For those unable to attend, a replay will be available on their website shortly after the call. The company focuses on providing gas compression equipment and services primarily for the non-conventional gas and oil industry.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.8%
Tags
Rhea-AI Summary

Natural Gas Services Group, Inc. (NGS) announced its Q1 2021 results, highlighting a 6.1% increase in cash balance to $30.7 million. Total revenue rose to $18.4 million, up 8.2% sequentially, driven by increased compressor sales. However, rental revenue dipped 4.7% year-over-year to $15.3 million. Adjusted EBITDA grew 3.5% to $6.5 million. The company reported a net loss of $394,000, a significant decrease from the prior year, influenced by a prior tax benefit. NGS also secured a new $20 million credit agreement and improved its gross margin by 19.1% year-on-year.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.24%
Tags
none
-
Rhea-AI Summary

Natural Gas Services Group, Inc. (NGS) has secured a new $20 million senior secured revolving credit facility with Texas Capital Bank. This facility includes an option to increase commitments by up to an additional $30 million. The credit facility aims to strengthen NGS's liquidity and support its working capital and strategic initiatives. NGS benefits from competitive interest rates, with loans secured by a first lien on its assets and guaranteed by subsidiaries. The facility has a five-year term, maturing in May 2026.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.41%
Tags
none
-
Rhea-AI Summary

Natural Gas Services Group, Inc. (NYSE:NGS) has appointed Micah C. Foster as Vice President and Chief Financial Officer, effective immediately. Foster brings over 17 years of experience in the energy sector, previously serving as Chief Accounting Officer at Legacy Reserves. He replaces G. Larry Lawrence, who held the interim CFO role since January. The leadership change aims to strengthen NGS’s financial operations as the company continues to provide gas compression solutions. A Current Report detailing Foster’s appointment will be filed with the SEC.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.43%
Tags
management
Rhea-AI Summary

Natural Gas Services Group, Inc. (NYSE:NGS) has announced its first quarter 2021 earnings release scheduled for Thursday, May 13, 2021, before market opens. The earnings will be distributed via Nasdaq OMX and the company's website. A conference call to discuss these results will occur on the same day at 10:00 a.m. Central. Stephen Taylor, the CEO, will lead the discussion. NGS specializes in manufacturing and maintaining gas compression equipment for the natural gas industry, focusing on non-conventional gas and oil sectors.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.07%
Tags
-
Rhea-AI Summary

Natural Gas Services Group, Inc. (NGS) announces the appointment of Nigel Jenvey to its Board of Directors, filling the vacancy left by retiring director William F. “Frank” Hughes, Jr. Jenvey, an expert in carbon management, will chair the newly established Environmental, Social, and Governance (ESG) Committee. This committee will focus on developing company policies addressing ESG issues. Additionally, director Leslie Beyer received recognition as an influential leader in the energy sector.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.73%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.92%
Tags
Rhea-AI Summary

Natural Gas Services Group (NGS) reported its 2020 financial results showing a 13.2% drop in total revenue to $68.1 million. Despite a challenging market, the company experienced a cash balance increase of 150% to $28.9 million, driven by strong operating cash flow of $32.6 million. Rental revenue rose 7.3% to $60.8 million, but sales revenue plummeted 71% to $5.7 million. Net income for 2020 was $1.8 million per share, an improvement from a $13.9 million loss in 2019. The company also posted an adjusted EBITDA of $22.7 million, down 5.5% from 2019.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.92%
Tags

FAQ

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

The current stock price of Natural Gas Services Group (NGS) is $20.316 as of November 5, 2024.

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

The market cap of Natural Gas Services Group (NGS) is approximately 253.2M.

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

253.20M
12.47M
7.29%
86.01%
1.23%
Oil & Gas Equipment & Services
Oil & Gas Field Services, Nec
Link
United States of America
MIDLAND