NATURAL GAS SERVICES GROUP INC

Listed Company

NGSCIK 0001084991NYSEAcceleratedOil & Gas Field Services, NecFY ends Dec 31

Period

FY 2025

Revenue

$172.31M

Net Income

$19.93M

Total Assets

$586.79M

Equity

$274.72M

Shares Out

12.59M

Op. Cash Flow

$62.93M

Business

Natural Gas Services Group Inc provides natural gas compression equipment and services to the energy industry, renting, operating and maintaining compressor units for oil and gas production and processing. It designs compressor packages, assembles units (including via third-party fabricators), rents and sells compressors, and offers aftermarket services such as installation, commissioning, call-outs, maintenance, overhauls and parts exchange programs. Its operating units are Rental, Sales and Aftermarket Services, with emphasis on large and medium horsepower units and artificial lift applications. It serves U.S. oil and gas producing basins—primarily the Permian—and other regions in Texas, New Mexico, Oklahoma, Ohio and Michigan through regional service facilities and field locations.

Summary from filing dated 2025-03-17

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Rental	164	144	106	74	—
Total revenue	172	157	121	85	72
Rental	65	57	49	38	37
Sales	4	8	9	8	8
Aftermarket services	3	4	5	957,000	898,000
Total cost of revenues (excluding depreciation and amortization)	72	69	62	46	—
Selling, general and administrative expenses	22	21	17	14	11
Depreciation and amortization	37	31	27	24	25
Impairments	3	841,000	779,000	0	—
Inventory allowance	1	2	4	83,000	—
Retirement of rental equipment	728,000	28,000	505,000	200,000	3
Gain on disposition of assets, net	−270,000	−430,000	−481,000	−250,000	—
Total operating costs and expenses	135	123	111	84	85
Operating income	37	33	10	431,000	−12
Interest expense	−14	−12	−4	−364,000	—
Interest income	2	0	0	—	—
Other income (expense), net	354,000	268,000	245,000	−108,000	687,000
Total other expense, net	−11	−12	−4	−472,000	622,000
Income before income taxes	27	22	7	−41,000	−12
Provision for income taxes	−7	−4	−2	−528,000	3
Net income	20	17	5	−569,000	−9
Basic (in dollars per share)	1.59	1.39	0.39	−0.05	−0.7
Diluted (in dollars per share)	1.57	1.37	0.38	−0.05	−0.7
Basic (in shares)	13	12	12	12	13
Diluted (in shares)	13	13	12	12	13

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	0	2	3	3	23
Trade accounts receivable, net of provision for credit losses	18	16	39	15	10
Inventory, net of allowance for obsolescence	21	18	22	23	19
Income taxes receivable and prepayments	14	11	12	12	12
Prepaid expenses and other	2	1	1	1	854,000
Assets held for sale	2	0	—	—	—
Total current assets	57	48	76	54	65
Long-term inventory, net of allowance for obsolescence	0	0	701,000	2	2
Rental equipment, net of accumulated depreciation	499	415	374	246	207
Property and equipment, net of accumulated depreciation	21	23	21	22	—
Other assets	11	6	7	3	3
Total assets	587	493	479	328	299
Accounts payable	14	10	18	6	5
Accrued liabilities	10	8	15	24	14
Total current liabilities	25	17	33	30	20
Long-term debt	230	170	164	25	0
Deferred income taxes	53	46	42	40	39
Other long-term liabilities	5	4	4	3	3
Total liabilities	312	237	243	98	63
Commitments and contingencies (Note 13)	—	—	—	—	—
Preferred stock, 5,000 shares authorized, no shares issued or outstanding	0	0	0	0	0
Common stock, 30,000 shares authorized, par value $0.01; 13,883 and 13,762 shares issued, as of December 31, 2025 and 2024, respectively	138,000	138,000	137,000	135,000	134,000
Additional paid-in capital	121	118	116	115	114
Retained earnings	169	152	134	130	130
Treasury stock, at cost, 1,310 shares for each of December 31, 2025 and 2024, respectively	−15	−15	−15	−15	−8
Total stockholders equity	275	255	236	230	236
Total liabilities and stockholders equity	587	493	479	328	299

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Inventory allowance	1	2	4	83,000	—
Gain on the disposition of assets, net	−270,000	−430,000	−481,000	−250,000	−182,000
Amortization of debt issuance costs	1	746,000	425,000	48,000	31,000
Deferred income taxes	7	4	2	511,000	—
Stock-based compensation	2	2	2	2	2
Provision for credit losses	155,000	433,000	492,000	0	—
(Gain) loss on company owned life insurance	−100,000	−200,000	200,000	400,000	−298,000
Trade accounts receivables	−3	23	−25	−4	1
Inventory	−4	2	−669,000	−4	−1
Prepaid expenses, income taxes receivable and prepayments	−3	152,000	−7,000	−250,000	−460,000
Accounts payable and accrued liabilities	6	−18	2	10	10
Other	−3	477,000	174,000	−31,000	600,000
NET CASH PROVIDED BY OPERATING ACTIVITIES	63	66	18	28	29
Purchase of rental equipment, property and other equipment	−121	−72	−154	−65	−26
Purchase of company owned life insurance, net	0	−22,000	−422,000	−329,000	−150,000
Proceeds received from insurance for damages to equipment	96,000	0	0	—	—
Proceeds from disposition of assets, net	94,000	476,000	477,000	372,000	195,000
NET CASH USED IN INVESTING ACTIVITIES	−121	−71	−154	−65	−26
Proceeds from credit facility borrowings	71	28	139	25	—
Repayments of credit facility borrowings	−11	−22	0	0	—
Payments of other long term liabilities	0	−780,000	−95,000	−3,000	—
Payments of debt issuance costs	−1	−962,000	−3	−77,000	−237,000
Proceeds from exercise of stock options	168,000	293,000	0	0	—
Payment of dividends	−3	0	0	—	—
Taxes paid related to net share settlement of equity awards	−6,000	−178,000	−983,000	−515,000	−336,000
NET CASH PROVIDED BY FINANCING ACTIVITIES	56	4	135	18	−9
NET CHANGE IN CASH AND CASH EQUIVALENTS	−2	−604,000	−626,000	−20	−6
Interest paid	15	18	7	276,000	30,000
Income taxes paid, net of refunds received	300,000	0	0	0	0
Transfer of rental equipment to inventory	0	51,000	665,000	0	—
Transfer of right of use assets to property and equipment	0	3	0	0	—
Transfer of property and equipment to assets held for sale	2	0	0	—	—
Accrued purchases of property and equipment	2	3	0	0	—
Right of use assets acquired through a finance lease	0	2	1	0	—
Right of use assets acquired through an operating lease	2	563,000	63,000	229,000	0

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