Business
Natural Gas Services Group, Inc. Reports Fourth Quarter and Year-End 2024 Financial and Operating Results; Provides 2025 Guidance
Midland, Texas, March 17, 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 and year-ended December 31, 2024. The Company also provided guidance for its full year 2025, anticipating significant top- and bottom-line growth with strong momentum moving into 2026. Fourth Quarter and Full Year 2024
About this update from Natural Gas Services Group, Inc.
[{"type":"text","content":"Midland, Texas, March 17, 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 and year-ended December 31, 2024. The Company also provided guidance for its full year 2025, anticipating significant top- and bottom-line growth with strong momentum moving into 2026.","length":466,"tagName":"p"},{"type":"text","content":"Fourth Quarter and Full Year 2024 Highlights","length":44,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Rental revenue of $38.2 million for the fourth quarter and $144.2 million for the full year 2024, representing increases of 21% and 36%, respectively, compared to the prior year comparable periods.","length":197,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":197,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Net income of $2.9 million or $0.23 per diluted share for the fourth quarter and $17.2 million or $1.37 per diluted share for the full year 2024, representing increases of 68% and 263%, respectively, compared to the prior fourth quarter and full year 2023 periods.","length":264,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":264,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Cash flow generated from operating activities of $9.4 million for the fourth quarter and $66.5 million for the full year 2024. This compares to net cash used in operating activities of $7.7 million for the fourth quarter and cash generated of $18.0 million for the full year 2023.","length":280,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":280,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Adjusted EBITDA of $18.0 million for the fourth quarter and $69.5 million for the full year 2024; 2024 Adjusted EBITDA was 52% higher than 2023 and represented the highest level in the Company’s history. Please see Non-GAAP Financial Measures - Adjusted EBITDA, below.","length":268,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":268,"olType":false},{"type":"text","content":"Management Commentary and Outlook","length":33,"tagName":"p"},{"type":"text","content":"“2024 was a transformational yea...