Welcome to our dedicated page for Natural Gas Srv news (Ticker: NGS), a resource for investors and traders seeking the latest updates and insights on Natural Gas Srv stock.
Natural Gas Srv (NGS) delivers essential compression technology solutions for the energy sector through equipment manufacturing, rental services, and maintenance support. This news hub provides investors and industry professionals with comprehensive updates on NGS's operational developments and financial milestones.
Access authoritative coverage of earnings announcements, technology innovations, and strategic partnerships. Our curated collection includes press releases about compressor system deployments, service expansions, and leadership updates directly from NGS corporate communications.
Key focus areas include equipment rental program updates, aftermarket service initiatives, and market position developments in natural gas compression. Bookmark this page for real-time insights into how NGS maintains operational excellence across North American energy operations.
Natural Gas Services Group (NGS) has secured a $100 million expansion of its existing credit facility, bringing total commitments to $400 million with an additional $100 million accordion. The expanded facility, effective April 18, 2025, includes improved terms with a 50 to 75 basis point reduction in interest rates at comparable leverage levels and a more flexible leverage covenant starting mid-2026.
The enhanced financial flexibility will support NGS's ongoing fleet growth, particularly focusing on large horsepower and electric drive rental compression units in the Permian Basin. The company secured this expansion despite current market volatility and economic uncertainty, demonstrating lender confidence in their business model and future prospects.
Natural Gas Services Group (NGS) has appointed Anthony Gallegos to its Board of Directors effective April 1, 2025, filling the position vacated by David Bradshaw who retired in December 2024. Gallegos, currently serving as President, CEO, and Director of Independence Contract Drilling, brings over 30 years of experience in the drilling industry.
With extensive leadership experience at companies including Sidewinder Drilling Company (which he co-founded), Scorpion Offshore, Transocean Offshore, Atwood Oceanics, and Ensco, Gallegos started his career as a roughneck on offshore drilling rigs. He holds a B.B.A. from Texas A&M University and an M.B.A. from Rice University.
NGS, headquartered in Midland, Texas, specializes in natural gas compression equipment rental, operation, and maintenance for oil and gas production facilities. The company operates facilities in Tulsa, Oklahoma, and major U.S. oil and natural gas producing basins.
Natural Gas Services Group (NGS) reported strong financial results for Q4 and full-year 2024, with significant growth across key metrics. Rental revenue reached $38.2 million in Q4 (+21% YoY) and $144.2 million for 2024 (+36% YoY). The company achieved net income of $2.9 million ($0.23 per share) in Q4 and $17.2 million ($1.37 per share) for 2024, marking increases of 68% and 263% respectively.
Operating cash flow improved substantially to $66.5 million for 2024, compared to $18.0 million in 2023. The company's Adjusted EBITDA reached record levels at $69.5 million for 2024, up 52% from 2023.
For 2025 guidance, NGS expects growth capital expenditures of $95-120 million, targeting an 18% increase in rented horsepower to approximately 90,000. The company projects 2025 Adjusted EBITDA of $74-78 million, representing a 9% increase over 2024 at the midpoint.
Natural Gas Services Group (NYSE:NGS), a provider of natural gas compression equipment and services, has scheduled its Q4 and full-year 2024 earnings conference call for March 18, 2025, at 8:30 AM EST. The company will release its financial and operating results for the quarter and year ending December 31, 2024, after market close on March 17, 2025.
Investors can join the call by accessing the Investor Relations section at www.ngsgi.com or dialing (800) 550-9745 with conference ID 167298. A recording will be available on the company website after the call.
Natural Gas Services Group (NGS) announced that David Bradshaw has retired and resigned from its Board of Directors, effective December 10, 2024. Bradshaw served on the board for thirteen years, contributing valuable oil and gas industry knowledge and operational experience. Board Chairman Stephen Taylor acknowledged Bradshaw's significant contributions to the company and management. Bradshaw stated that NGS and its Board are in a strong position, which influenced his retirement decision. His departure was not due to any disagreement with the Company or the Board.
Natural Gas Services Group (NYSE: NGS) has announced its participation in the NobleCon20 - Noble Capital Markets' Twentieth Annual Emerging Growth Equity Conference. CEO Justin Jacobs will present at Florida Atlantic University's Executive Education Complex in Boca Raton, FL on Tuesday, December 3rd, 2024, at 10:00 a.m. ET.
A high-definition video webcast of the presentation will be available the following day on multiple platforms including the company's website (www.ngsgi.com), Noble Capital Markets' Conference website (www.nobleconference.com), and Channelchek (www.channelchek.com). The webcast will remain archived on these platforms for 90 days after the event.
Natural Gas Services Group (NGS) reported strong Q3 2024 results with rental revenue of $37.4 million, up 35% year-over-year. Net income reached $5.0 million ($0.40 per basic share), compared to $2.2 million in Q3 2023. Adjusted EBITDA increased to $18.2 million, up 53.7% from prior year.
The company raised its FY 2024 Adjusted EBITDA guidance to $67-69 million and expects growth capital expenditures of $65-75 million. For FY 2025, growth capital expenditures are projected at $90-110 million. NGS maintains a strong position with 475,534 rented horsepower and 82% utilization rate.
Natural Gas Services Group (NGS), a leading provider of natural gas compression equipment and services, has announced its participation in the Sidoti Micro-Cap Virtual Investor Conference scheduled for November 13-14, 2024. CEO Justin Jacobs will deliver a presentation on Wednesday, November 13th, 2024, at 1:45 p.m. ET. The company's participation in this investor conference demonstrates its commitment to engaging with the investment community and sharing its business insights.
Natural Gas Services Group (NGS) has appointed Ian Eckert as its new Chief Financial Officer, effective no later than January 6, 2025. Eckert joins from Alamo Group where he served as Chief Accounting Officer, VP, and Corporate Controller. He brings experience in financial management, public company accounting, and acquisition integration. Current Interim CFO John Bittner will continue in his role until Eckert's start date and provide transition services thereafter. Eckert previously held positions at AMETEK's Electron Microscopy Technologies and Howmet Aerospace, and holds degrees from Indiana University and Carnegie Mellon University.
Natural Gas Services Group (NYSE:NGS) has scheduled its Q3 2024 earnings conference call for Friday, November 15, 2024, at 8:30 a.m. EST. The company will release its financial and operating results for the nine months ended September 30, 2024, after market close on Thursday, November 14, 2024. Investors can join the call by accessing the company's website or dialing (800) 550-9745 with conference ID 167298. A recording will be available on the company's website after the call.
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