Natural Gas Services Group, Inc. Reports Full Year and Fourth Quarter 2023 Earnings
Natural Gas Services Group, Inc. (NGS)
Last natural gas services group, inc. earnings: 11/7 06:00 am
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=136302&p=irol-irhome
Company Research
Source: GlobeNewswire
Midland, Texas, April 01, 2024 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. (NYSE:NGS) (the "Company" or "NGS"), a leading provider of gas compression equipment, technology and services to the energy industry, announces its financial results for the three months and full year ended December 31, 2023. Financial results contained herein reflect the consolidated financial statements included in the Company's Form 10-K that will be filed on April 1, 2024. 2023 Full Year and Fourth Quarter Highlights Full year 2023 rental revenue increased 43% to $106.2 million; fourth quarter 2023 rental revenue increased 54% year over year to $31.6 millionFull year 2023 GAAP net income was $4.7 million or $0.39 per basic share and $0.38 per diluted shareFull year 2023 Adjusted EBITDA1 increased 57.0% to $45.8 million; fourth quarter 2023 Adjusted EBITDA1 increased 110% year over year to $16.3 millionRental fleet utilization increased on both a horsepower basis (80.8% at year-end 2023
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News
- Natural Gas Services Group, Inc. (NYSE:NGS) Shares Could Be 49% Below Their Intrinsic Value Estimate [Yahoo! Finance]Yahoo! Finance
- Natural Gas Services Group, Inc. (NYSE:NGS) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Natural Gas Services Group, Inc. (NYSE: NGS) had its price target raised by analysts at Stifel Nicolaus from $18.00 to $26.00. They now have a "buy" rating on the stock.MarketBeat
- Natural Gas Services Group, Inc. Reports Full Year and Fourth Quarter 2023 Earnings [Yahoo! Finance]Yahoo! Finance
- Natural Gas Services Group, Inc. Announces 4th Quarter and Fiscal 2023 Earnings Conference Call [Yahoo! Finance]Yahoo! Finance
NGS
Analyst Actions
- 4/3/24 - Stifel
NGS
Sec Filings
- 4/1/24 - Form 8-K
- 4/1/24 - Form 10-K
- 3/18/24 - Form 4
- NGS's page on the SEC website