Every 10-Q that Natural Gas Services Group, Inc. (NGS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow NGS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NGS filings page.
Natural Gas Services Group reported higher rental-driven revenue while absorbing costs from a major acquisition and increased borrowing. For the quarter ended June 30, 2026, total revenue rose to $51.4M from $41.4M, led by rental revenue of $49.4M and horsepower utilization of 88.3%. Adjusted gross margin improved to $30.8M and Adjusted EBITDA increased to $25.1M, but net income declined to $3.8M from $5.2M as SG&A and interest expense rose.
On June 12, 2026, the company closed the Flatrock Acquisition for approximately $119.0M (including $108.9M cash and 241,803 shares), adding 87,233 rented horsepower and contributing $2.2M in revenue and $0.8M in pre-tax earnings through quarter-end. Long-term debt increased to $328.0M, supported by an expanded $500.0M credit facility. Operating cash flow strengthened to $48.5M for the first half, and the company began paying higher quarterly dividends of up to $0.15 per share. An IRS review concluded favorably, yielding $13.8M of tax refunds and interest related to prior-year NOL carrybacks.
Natural Gas Services Group delivered stronger results for the quarter ended March 31, 2026. Total revenue rose to $48.5 million from $41.4 million, driven by rental revenue of $47.1 million and higher large-horsepower compressor utilization, which reached 86.9% versus 81.7% a year ago.
Net income increased to $6.8 million from $4.9 million, with diluted EPS of $0.53 compared to $0.38. Adjusted EBITDA improved to $24.3 million from $19.3 million, supported by higher rental margins. Operating cash flow was $23.0 million, against capital spending of $15.2 million, mainly for fleet growth.
The company ended the quarter with $226.0 million outstanding under its secured revolving credit facility and stockholders’ equity of $280.5 million, a debt-to-capitalization ratio of 44.6%. It received $12.3 million in federal tax refunds and interest and paid a $0.11-per-share cash dividend, with a subsequent $0.15-per-share dividend declared for payment in June 2026.
Natural Gas Services Group (NGS) reported Q3 results showing steady rental-led growth and continued fleet expansion. Revenue was $43.4 million, up from $40.7 million, with rental contributing $41.5 million (95.6% of total). Net income was $5.8 million and diluted EPS was $0.46. Operating income reached $10.8 million as the mix shifted toward higher‑horsepower units.
The company is investing heavily in its fleet: rental equipment, net, rose to $479.4 million from $415.0 million year‑end. Cash flow from operations for the nine months was $49.1 million, while purchases of rental and other equipment were $86.9 million; quarter‑end cash was nil and long‑term debt was $208.0 million. NGS amended its revolving credit facility to a $400.0 million total commitment, with $163.0 million available and a 7.04% weighted average rate. Horsepower utilization ended the quarter at 84.1% on 526,015 rented horsepower.
As part of its portfolio actions, NGS classified its Midland, Texas facility as held for sale at $2.2 million. After quarter‑end, the Board declared a $0.11 per share cash dividend.
Natural Gas Services Group, Inc. (NGS) reported total revenue of $41.4 million for the quarter and $82.8 million for the six months ended June 30, 2025, with net income of $5.2 million (Q2) and $10.0 million (six months). Rental operations remain the core business, generating 95.6% of quarterly revenue and showing growth driven by higher rented horsepower (498,651 HP at period end) and utilization (~83.6%). Adjusted EBITDA was $19.7 million for the quarter and $39.0 million for six months, reflecting higher rental margins despite rising depreciation.
The company completed a strategic closure of its Midland fabrication facility and reclassified the building and land as $2.2 million assets held for sale to monetize real estate. Liquidity shows $0.3 million cash on hand at June 30, 2025, $182.0 million outstanding on a revolving credit facility (weighted average rate ~7.23%) and approximately $172.3 million available borrowing capacity. Subsequent events include a $0.10 per share cash dividend (record Aug 8, 2025; pay Aug 22, 2025) and a board-approved share repurchase plan of up to $6 million (expires Aug 6, 2027). A material customer concentration remains: Occidental Permian accounted for ~47% of revenue and ~50% of accounts receivable for the six months.