Business
Natural Gas Services Group, Inc. Reports First Quarter 2025 Financial and Operating Results; Increases 2025 Guidance
Midland, Texas, May 12, 2025 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. (“NGS” or the “Company”) (NYSE:NGS), a leading provider of natural gas compression equipment, technology, and services to the energy industry, today announced financial results for the three months ended March 31, 2025. The Company also raised the high-end of its full-year 2025 Adjusted EBITDA guidance to $79 million, citing continued strength in its business and growing demand across its fleet. First Quarter 2025
About this update from Natural Gas Services Group, Inc.
[{"type":"text","content":"Midland, Texas, May 12, 2025 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. (“NGS” or the “Company”) (NYSE:NGS), a leading provider of natural gas compression equipment, technology, and services to the energy industry, today announced financial results for the three months ended March 31, 2025. The Company also raised the high-end of its full-year 2025 Adjusted EBITDA guidance to $79 million, citing continued strength in its business and growing demand across its fleet.","length":480,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Highlights","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Rental revenue of $38.9 million for the first quarter of 2025 representing a 15% year-over-year increase and a 2% sequential increase compared to the period ended December 31, 2024.","length":181,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":181,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Net income of $4.9 million or $0.38 per diluted share for the first quarter of 2025 compared to net income of $5.1 million or $0.41 per diluted share for the comparable period; net income up $2.0 million sequentially.","length":217,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":217,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Leverage ratio at March 31, 2025, was 2.18x.","length":44,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":44,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Adjusted EBITDA of $19.3 million for the first quarter of 2025, representing a 14% year-over-year increase; Adjusted EBITDA up 7% sequentially. See Non-GAAP Financial Measures – Adjusted EBITDA, below.","length":201,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":201,"olType":false},{"type":"text","content":"Management Commentary and Outlook "We are pleased to report another quarter of strong execution and continued momentum across our business," said Justin Jacobs, Chief Executive Officer. "We are taking market share, expanding our presence in key basins, and investing in our fleet, including the deployment of large-horsepower electric motor units. Our recent credit facility expansion, which also decreased our interest rate and provided more flexible covenants, further imp...