NATURAL GAS SERVICES GROUP INC
For the period ended Jun 30, 2024. Filed Aug 14, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 14, 2024
NGS$28.74-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Operations
| NATURAL GAS SERVICES GROUP, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except earnings per share)(unaudited) | ||||
|---|---|---|---|---|
| Three months ended · Six months ended | ||||
| June 30, | June 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Revenue: | ||||
| Rental income | $34,926 | $24,105 | $68,660 | $46,828 |
| Sales | 2,270 | 1,595 | 4,773 | 4,587 |
| Aftermarket services | 1,295 | 1,257 | 1,965 | 2,162 |
| Total revenue | 38,491 | 26,957 | 75,398 | 53,577 |
| Operating costs and expenses: | ||||
| Cost of rentals, exclusive of depreciation stated separately below | 14,228 | 11,343 | 27,342 | 22,988 |
| Cost of sales, exclusive of depreciation stated separately below | 2,249 | 1,876 | 4,429 | 5,113 |
| Cost of aftermarket services, exclusive of depreciation stated separately below | 1,012 | 969 | 1,512 | 1,578 |
| Selling, general and administrative expenses | 4,791 | 4,860 | 9,493 | 9,422 |
| Depreciation and amortization | 7,705 | 6,418 | 14,792 | 12,583 |
| Impairment expense | — | 779 | — | 779 |
| Retirement of rental equipment | — | — | 5 | — |
| Total operating costs and expenses | 29,985 | 26,245 | 57,573 | 52,463 |
| Operating income | 8,506 | 712 | 17,825 | 1,114 |
| Other income (expense): | ||||
| Interest expense | (2,932) | (185) | (5,867) | (185) |
| Other income (expense), net | (30) | 226 | 163 | 341 |
| Total other income (expense), net | (2,962) | 41 | (5,704) | 156 |
| Income before provision for income taxes | 5,544 | 753 | 12,121 | 1,270 |
| Income tax expense | (1,294) | (249) | (2,773) | (396) |
| Net income | $4,250 | $504 | $9,348 | $874 |
| Earnings per share: | ||||
| Basic | $0.34 | $0.04 | $0.75 | $0.07 |
| Diluted | $0.34 | $0.04 | $0.75 | $0.07 |
| Weighted average shares outstanding: | ||||
| Basic | 12,384 | 12,292 | 12,392 | 12,253 |
| Diluted | 12,483 | 12,394 | 12,484 | 12,374 |
| NATURAL GAS SERVICES GROUP, INC.CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY(in thousands)(unaudited) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Preferred Stock · Common Stock · Additional Paid-In Capital · Retained Earnings · Treasury Stock · Total Stockholders' Equity | |||||||||
| Shares · Amount · Shares · Amount · Shares · Amount | |||||||||
| BALANCES, January 1, 2023 | — | $— | 13,519 | $135 | $115,411 | $129,534 | 1,310 | $(15,004) | $230,076 |
| Compensation expense on common stock options | — | — | — | — | 22 | — | — | — | 22 |
| Issuance of restricted stock | — | — | 29 | — | — | — | — | — | — |
| Compensation expense on restricted common stock | — | — | — | — | 465 | — | — | — | 465 |
| Taxes paid related to net shares settlement of equity awards | — | — | — | — | (184) | — | — | — | (184) |
| Net income | — | — | — | — | — | 370 | — | — | 370 |
| BALANCES, March 31, 2023 | — | $— | 13,548 | $135 | 115,714 | $129,904 | 1,310 | $(15,004) | $230,749 |
| Issuance of restricted stock | — | — | 140 | 1 | (1) | — | — | — | — |
| Compensation expense on common stock options | — | — | — | — | 30 | — | — | — | 30 |
| Compensation expense on restricted common stock | — | — | — | — | 1,100 | — | — | — | 1,100 |
| Taxes paid related to net shares settlement of equity awards | — | — | — | — | (798) | — | — | — | (798) |
| Net loss | — | — | — | — | — | 504 | — | — | 504 |
| BALANCES, June 30, 2023 | — | $— | 13,688 | $136 | $116,045 | $130,408 | 1,310 | $(15,004) | $231,585 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.