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NGS

Natural Gas Services Group, Inc.

NGS

Natural Gas Services Group, Inc. • NYSE
$30.97 ▼ -0.86% (-0.27)
Market Cap $389.26 M
52w High $32.03
52w Low $16.73
Dividend Yield 0.40%
P/E 21.07
Volume 37.59K
Outstanding Shares 12.57M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $43.401M ▲ $15.073M ▲ $5.784M ▲ 13.327% ▲ $0.46 ▲ $20.226M ▲
Q2-2025 $41.382M ▼ $5.33M ▼ $5.188M ▲ 12.537% ▲ $0.42 ▲ $18.997M ▲
Q1-2025 $41.383M ▲ $14.749M ▲ $4.854M ▲ 11.729% ▲ $0.39 ▲ $18.142M ▲
Q4-2024 $40.658M ▼ $8.467M ▼ $2.865M ▼ 7.047% ▼ $0.23 ▼ $14.632M ▼
Q3-2024 $40.686M $14.759M $5.014M 12.324% $0.4 $17.528M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $0 ▼ $562.307M ▲ $290.886M ▲ $271.421M ▲
Q2-2025 $325K ▼ $525.526M ▲ $259.312M ▲ $266.214M ▲
Q1-2025 $2.147M ▲ $501.691M ▲ $241.427M ▲ $260.264M ▲
Q4-2024 $2.142M ▲ $492.528M ▼ $237.471M ▼ $255.057M ▲
Q3-2024 $410K $498.069M $246.883M $251.186M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $5.784M ▲ $16.708M ▲ $-41.859M ▼ $24.826M ▲ $-325K ▲ $-25.153M ▼
Q2-2025 $5.188M ▲ $9.809M ▼ $-25.706M ▼ $14.075M ▲ $-1.822M ▼ $-16M ▼
Q1-2025 $4.854M ▲ $21.267M ▲ $-19.256M ▼ $-2.006M ▼ $5K ▼ $2.011M ▲
Q4-2024 $2.865M ▼ $9.426M ▼ $-14.759M ▲ $7.065M ▲ $1.732M ▲ $-5.118M ▼
Q3-2024 $5.014M $25.918M $-28.8M $-324K $-3.206M $-3.17M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Aftermarket Services
Aftermarket Services
 $0 ▲$0 ▲$0 ▲$0 ▲
Compressor Related
Compressor Related
 $0 ▲$0 ▲$0 ▲$0 ▲
Other Parts Rebuilds
Other Parts Rebuilds
 $0 ▲$0 ▲$0 ▲$0 ▲
Product Sales
Product Sales
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Natural Gas Services Group has shifted from being roughly break-even to clearly profitable over the last few years. Revenue has climbed steadily, with the strongest growth coming most recently, and profit margins have widened as the business scales. Operating earnings and cash-style profits have both improved, showing better pricing, utilization, and cost control. Earnings used to be uneven and occasionally negative, but they now look more consistent, suggesting the company is coming out of a long “investment and reset” phase into a more stable, profitable one. Volatility is still possible given the cyclical energy market, but the direction of the income statement is clearly upward.

Balance Sheet

Balance Sheet The balance sheet looks conservative but more geared than in the past. Total assets have risen as the company has invested heavily in its compression fleet and related equipment. Debt, which used to be essentially zero, has increased but remains moderate relative to the asset base and equity, indicating a manageable leverage level rather than an aggressive one. Equity has inched up over time, which is consistent with recent profitability. One watchpoint is that reported cash on hand is now very low, so the company is relying more on ongoing cash generation and borrowing capacity than on a large cash cushion.

Cash Flow

Cash Flow Cash generation from day‑to‑day operations has been consistently positive and has grown in recent years, which is a key strength. In the middle of this five‑year period, the company spent heavily on new equipment and growth projects, which temporarily pushed free cash flow into negative territory. More recently, capital spending has pulled back from those peak levels, and free cash flow has turned clearly positive again. That pattern suggests the company may be exiting a heavy investment cycle and moving into a phase where it can better convert earnings into actual cash, provided it doesn’t launch another large capex wave.

Competitive Edge

Competitive Edge NGS occupies a focused niche in the U.S. natural gas compression market, competing more on technology, reliability, and service than on brute scale. Its proprietary compressor designs and SMART control system aim to keep customer equipment running longer and with fewer shutdowns, which can be highly valuable to producers. The company also differentiates itself with its own branded compressor line and a service network near key basins, giving it a stronger relationship‑driven model rather than a pure commodity rental offering. While it is smaller than several peers and tied to a cyclical industry, its specialization and performance focus provide a defensible position with room to grow, especially if it continues to deliver superior uptime and emissions solutions.

Innovation and R&D

Innovation and R&D Innovation is a clear focal point for NGS. The SMART automation system, emission‑reducing eComp packages, and low‑vibration CiP compressors all target real pain points: downtime, maintenance costs, and environmental compliance. The company is also leaning into future‑oriented initiatives like electrifying parts of its compressor fleet, developing predictive maintenance tools, and expanding in larger‑horsepower units where demand is robust. These efforts could deepen its moat and support pricing power, but they also require continued investment and flawless execution. Overall, NGS is positioning itself as a technically advanced, reliability‑focused provider in a segment that historically has been more commoditized.

Summary

Overall, Natural Gas Services Group looks like a business that has come through a long investment and transition period into a more profitable and cash‑generative phase. Revenue and margins are improving, the balance sheet is still relatively conservative despite higher debt, and cash flow trends are moving in the right direction. Strategically, the company has carved out a niche based on proprietary technology, high uptime, and emissions‑friendly solutions, which could be increasingly important as producers seek both efficiency and environmental compliance. Key things to monitor going forward include how it manages leverage with low cash balances, the durability of demand in a cyclical gas market, and its ability to turn its promising innovation pipeline—electrification, predictive analytics, and large‑horsepower growth—into sustained, stable earnings and cash flow.

NEWS

November 10, 2025 · 4:03 PM UTC

Natural Gas Services Group, Inc. Reports Third Quarter 2025 Financial and Operating Results; Increases 2025 Adjusted EBITDA Guidance

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October 29, 2025 · 8:30 AM UTC

Natural Gas Services Group, Inc. Announces Reporting Date for its Q3 2025 Earnings Conference Call

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September 22, 2025 · 8:30 AM UTC

Tempus Receives U.S. FDA 510(k) Clearance for Tempus xR IVD, its RNA NGS In Vitro Diagnostic Device

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