Natural Gas Services Group, Inc. Reports Second Quarter 2024 Financial and Operating Results; Provides Operational Update and Increases 2024 Guidance [Yahoo! Finance]
Natural Gas Services Group, Inc. (NGS)
Last natural gas services group, inc. earnings: 11/7 06:00 am
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phx.corporate-ir.net/phoenix.zhtml?c=136302&p=irol-irhome
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Source: Yahoo! Finance
gas compression equipment, technology, and services to the energy industry, today announced financial results for the three months ended June 30, 2024. The Company also updated its prior guidance for the full year, increasing its outlook for both Adjusted EBITDA and growth capital expenditures. Second Quarter Highlights Rental revenue of $34.9 million, an increase of 45% when compared to the second quarter of 2023 and 4% sequentially. Net income of $4.3 million, or $0.34 per basic share, as compared to $0.5 million, or $0.04 per basic share in the comparable year-ago period. Adjusted EBITDA of $16.5 million, compared to $9.9 million in the second quarter of 2023 and essentially flat sequentially. Please see Non-GAAP Financial Measures - Adjusted EBITDA, below. Rented horsepower at quarter end of 454,568, a 22% increase over prior year. Horsepower utilization of 82.3%, up 370 basis points from last year. Management Commentary and Outlook “We delivered significant top an
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News
- If EPS Growth Is Important To You, Natural Gas Services Group (NYSE:NGS) Presents An Opportunity [Yahoo! Finance]Yahoo! Finance
- Natural Gas Services Group, Inc. to Participate in Upcoming Investor ConferencesGlobeNewswire
- Investing in Natural Gas Services Group (NYSE:NGS) three years ago would have delivered you a 131% gain [Yahoo! Finance]Yahoo! Finance
- Natural Gas Services Group, Inc. (NYSE: NGS) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Natural Gas Services Group, Inc. (NGS) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
NGS
Earnings
- 8/14/24 - Beat
NGS
Sec Filings
- 9/16/24 - Form 4
- 8/28/24 - Form 4
- 8/27/24 - Form 144
- NGS's page on the SEC website