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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% | -934.3% |
| 2022 | $85M | $24M | $-1M | $-37M | -0.2% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 84.82 | 121.17 | 156.74 | 172.32 |
| Operating Revenue | - | 84.82 | 121.17 | 156.74 | 172.32 |
| Cost Of Revenue | - | 70.47 | 89 | 100.10 | 108.43 |
| Gross Profit | - | 14.35 | 32.16 | 56.64 | 63.88 |
| Operating Expense | - | 13.98 | 20.90 | 22.88 | 23.52 |
| Selling General And Administration | - | 13.89 | 16.94 | 21.01 | 22.41 |
| Total Expenses | - | 84.45 | 109.91 | 122.98 | 131.96 |
| Operating Income | - | 0.38 | 11.26 | 33.76 | 40.36 |
| Total Operating Income As Reported | - | 0.43 | 10.46 | 33.33 | 37.30 |
| EBITDA | - | 24.44 | 37.25 | 64.19 | 75.58 |
| Normalized EBITDA | - | 24.38 | 38.06 | 64.63 | 78.64 |
| EBIT | - | 0.32 | 10.70 | 32.85 | 38.93 |
| Interest Income | - | - | 0 | 0 | 2.44 |
| Interest Expense | - | 0.36 | 4.08 | 11.18 | 12.40 |
| Net Interest Income | - | -0.36 | -4.08 | -11.93 | -11.12 |
| Other Non Operating Income Expenses | - | -0.11 | 0.24 | 0.27 | 0.35 |
| Other Income Expense | - | -0.05 | -0.56 | -0.17 | -2.70 |
| Interest Income Non Operating | - | - | 0 | 0 | 2.44 |
| Interest Expense Non Operating | - | 0.36 | 4.08 | 11.18 | 12.40 |
| Net Non Operating Interest Income Expense | - | -0.36 | -4.08 | -11.93 | -11.12 |
| Pretax Income | - | -0.04 | 6.62 | 21.67 | 26.53 |
| Tax Provision | - | 0.53 | 1.87 | 4.44 | 6.60 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.01 | -0.23 | -0.09 | -0.76 |
| Net Income Continuous Operations | - | -0.57 | 4.75 | 17.23 | 19.93 |
| Net Income From Continuing And Discontinued Operation | - | -0.57 | 4.75 | 17.23 | 19.93 |
| Net Income From Continuing Operation Net Minority Interest | - | -0.57 | 4.75 | 17.23 | 19.93 |
| Net Income | - | -0.57 | 4.75 | 17.23 | 19.93 |
| Net Income Common Stockholders | - | -0.57 | 4.75 | 17.23 | 19.93 |
| Net Income Including Noncontrolling Interests | - | -0.57 | 4.75 | 17.23 | 19.93 |
| Normalized Income | - | -0.61 | 5.32 | 17.58 | 22.22 |
| Diluted NI Availto Com Stockholders | - | -0.57 | 4.75 | 17.23 | 19.93 |
| Basic Average Shares | - | 12.30 | 12.32 | 12.41 | 12.54 |
| Diluted Average Shares | - | 12.30 | 12.38 | 12.54 | 12.70 |
| Reconciled Depreciation | - | 24.12 | 26.55 | 31.35 | 36.66 |
| Reconciled Cost Of Revenue | - | 70.47 | 89 | 100.10 | 108.43 |
| Total Unusual Items | - | 0.05 | -0.80 | -0.44 | -3.06 |
| Total Unusual Items Excluding Goodwill | - | 0.05 | -0.80 | -0.44 | -3.06 |
| Special Income Charges | - | 0.05 | -0.80 | -0.44 | -3.06 |
| Write Off | - | 0 | 0.78 | 0.84 | 2.60 |
| Gain On Sale Of Ppe | - | 0.05 | -0.02 | 0.40 | -0.46 |
| Rent Expense Supplemental | 36.64 | 37.75 | 48.88 | 56.90 | - |
| Total Other Finance Cost | - | - | - | 0.75 | 1.17 |
| Other Operating Expenses | - | 0.08 | 3.96 | 1.86 | 1.11 |
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 | $521M | 26.15 | 1.90 | 7.3% | 9.94 |
| Core Laboratories Inc. | CLB | $630M | 21.22 | 2.37 | 11.2% | 10.84 |
| W&T Offshore, Inc. | WTI | $610M | -4.06 | -3.05 | 75.1% | 9.56 |
| Forum Energy Technologies, Inc. | FET | $606M | -62.77 | 2.08 | -3.3% | 11.53 |
| VAALCO Energy, Inc. | EGY |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $600M |
| -14.50 |
| 1.35 |
| -9.3% |
| 7.50 |
| SandRidge Energy, Inc. | SD | $578M | 8.23 | 1.13 | 13.7% | 4.32 |
| Oil States International, Inc. | OIS | $523M | - | 0.91 | -19.1% | - |
| Clean Energy Fuels Corp. | CLNE | $443M | -1.99 | 0.79 | -39.7% | -8.26 |
| Summit Midstream Corporation | SMC | $415M | -217.87 | 0.95 | -0.4% | 7.00 |
| Peer Median | - | -4.06 | 1.04 | -1.9% | 7.50 | |