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Natural Gas Services Group, Inc. provides natural gas compression equipment, flares and related assets; and electric compression equipment, technology, and services to the energy industry in the United States. The company rents, designs, installs, service, and maintains natural gas engine and electric motor drive compressors for oil and gas production and processing facilities. It also designs and assembles compressor units for rental; and designs, engineers, and sells compressor components. In addition, the company provides aftermarket services for its compressors; and services related to the installation and start-up of new compressor units. Natural Gas Services Group, Inc. was incorporated in 1998 and is headquartered in Southlake, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $172M | $76M | $20M | $-59M | 7.3% | 9.9% | 15.7% |
| 2024 | $157M | $64M | $17M | $-5M | 6.8% | 29.4% | 262.9% |
| 2023 | $121M | $37M | $5M | $-136M | 2.0% | 42.8% | - |
| 2022 | $85M | $24M | $-1M | $-37M | -0.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 84.83 | 121.17 | 156.74 | 172.31 |
| Cost Of Revenue | 70.47 | 89 | 100.10 | 108.43 |
| Gross Profit | 14.35 | 32.16 | 56.64 | 63.88 |
| Operating Expense | 13.97 | 20.90 | 22.88 | 23.52 |
| Operating Income | 0.38 | 11.26 | 33.76 | 40.36 |
| EBITDA | 24.44 | 37.25 | 64.19 | 75.58 |
| EBIT | 0.32 | 10.70 | 32.85 | 38.93 |
| Pretax Income | -0.04 | 6.62 | 21.67 | 26.53 |
| Tax Provision | 0.53 | 1.87 | 4.44 | 6.60 |
| Net Income | -0.57 | 4.75 | 17.23 | 19.93 |
| Net Income Common Stockholders | -0.57 | 4.75 | 17.23 | 19.93 |
| Total Expenses | 84.45 | 109.91 | 122.98 | 131.96 |
| Interest Expense | 0.36 | 4.08 | 11.18 | 12.40 |
| Interest Income | 0 | 0 | 0 | 2.44 |
| Selling General And Administration | 13.89 | 16.94 | 21.01 | 22.41 |
| Normalized EBITDA | 24.39 | 38.05 | 64.63 | 78.64 |
| Normalized Income | -0.61 | 5.32 | 17.58 | 22.22 |
| Basic EPS | -0.05 | 0.39 | 1.39 | 1.59 |
| Diluted EPS | -0.05 | 0.38 | 1.37 | 1.57 |
| Tax Effect Of Unusual Items | 0.01 | -0.23 | -0.09 | -0.76 |
| Tax Rate For Calcs | 0.21 | 0.28 | 0.20 | 0.25 |
| Total Unusual Items | 0.05 | -0.80 | -0.44 | -3.06 |
| Total Unusual Items Excluding Goodwill | 0.05 | -0.80 | -0.44 | -3.06 |
| Net Income From Continuing Operation Net Minority Interest | -0.57 | 4.75 | 17.23 | 19.93 |
| Reconciled Depreciation | 24.12 | 26.55 | 31.35 | 36.66 |
| Reconciled Cost Of Revenue | 70.47 | 89 | 100.10 | 108.43 |
| Net Interest Income | -0.36 | -4.08 | -11.93 | -11.12 |
| Net Income From Continuing And Discontinued Operation | -0.57 | 4.75 | 17.23 | 19.93 |
| Rent Expense Supplemental | 37.75 | 48.88 | 56.90 | 0 |
| Total Operating Income As Reported | 0.43 | 10.46 | 33.33 | 37.30 |
| Diluted Average Shares | 12.30 | 12.38 | 12.54 | 12.70 |
| Basic Average Shares | 12.30 | 12.32 | 12.41 | 12.54 |
| Diluted NI Availto Com Stockholders | -0.57 | 4.75 | 17.23 | 19.93 |
| Net Income Including Noncontrolling Interests | -0.57 | 4.75 | 17.23 | 19.93 |
| Net Income Continuous Operations | -0.57 | 4.75 | 17.23 | 19.93 |
| Other Income Expense | -0.05 | -0.56 | -0.17 | -2.70 |
| Other Non Operating Income Expenses | -0.11 | 0.24 | 0.27 | 0.35 |
| Special Income Charges | 0.05 | -0.80 | -0.44 | -3.06 |
| Gain On Sale Of Ppe | 0.05 | -0.02 | 0.40 | -0.46 |
| Write Off | 0 | 0.78 | 0.84 | 2.60 |
| Net Non Operating Interest Income Expense | -0.36 | -4.08 | -11.93 | -11.12 |
| Total Other Finance Cost | 0 | 0 | 0.75 | 1.17 |
| Interest Expense Non Operating | 0.36 | 4.08 | 11.18 | 12.40 |
| Interest Income Non Operating | 0 | 0 | 0 | 2.44 |
| Other Operating Expenses | 0.08 | 3.96 | 1.86 | 1.11 |
| Operating Revenue | 84.83 | 121.17 | 156.74 | 172.31 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Natural Gas Services Group, Inc.this co. | NGS | $514M | 26.03↑ premium | 1.87 | 7.3% | - |
| W&T Offshore, Inc. | WTI | $667M | - | -3.34 | 75.1% | 9.17 |
| Flotek Industries, Inc. | FTK | $613M | 20.17 | 4.51 | 27.0% | 21.95 |
| SandRidge Energy, Inc. | SD | $578M | 8.24 | 1.13 | 13.7% | 4.63 |
| Clean Energy Fuels Corp. | CLNE |
| $502M |
| - |
| 0.90 |
| -39.3% |
| 579.17 |
| Summit Midstream Corporation | SMC | $426M | - | 0.87 | -0.2% | 10.21 |
| Ranger Energy Services, Inc. | RNGR | $419M | 27.97 | 1.38 | 4.1% | 6.92 |
| NACCO Industries, Inc. | NC | $368M | 20.80 | 0.85 | 4.1% | -28.08 |
| enCore Energy Corp. | EU | $361M | - | 1.51 | -22.0% | -6.72 |
| Peer Median | - | 20.48 | 1.01 | 4.1% | 8.05 | |