NATURAL GAS SERVICES GROUP INC
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
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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.
Sep 30, 2024 · Filed Nov 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.
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Unaudited Condensed Consolidated Balance Sheets
| NATURAL GAS SERVICES GROUP, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(in thousands, except par value)(unaudited) | ||
|---|---|---|
| September 30, | December 31, | |
| 2024 | 2023 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $410 | $2,746 |
| Trade accounts receivable, net of allowance for credit losses of $1,248 and $823, respectively | 24,809 | 39,186 |
| Inventory, net of allowance for obsolescence of $2,836 for each of the dates presented, respectively | 20,175 | 21,639 |
| Federal income tax receivable | 11,382 | 11,538 |
| Prepaid expenses and other | 2,207 | 1,162 |
| Total current assets | 58,983 | 76,271 |
| Long-term inventory, net of allowance for obsolescence of $1,168 for each of the dates presented, respectively | 1,043 | 701 |
| Rental equipment, net of accumulated depreciation of $211,841 and $191,745, respectively | 407,761 | 373,649 |
| Property and equipment, net of accumulated depreciation of $18,609 and $17,649, respectively | 21,538 | 20,550 |
| Intangibles, net of accumulated amortization of $2,478 and $2,384, respectively | 681 | 775 |
| Other assets | 8,063 | 6,783 |
| Total assets | $498,069 | $478,729 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $26,473 | $17,628 |
| Accrued liabilities | 7,041 | 15,085 |
| Total current liabilities | 33,514 | 32,713 |
| Long-term debt | 163,000 | 164,000 |
| Deferred income tax liability | 45,691 | 41,636 |
| Other long-term liabilities | 4,678 | 4,486 |
| Total liabilities | 246,883 | 242,835 |
| Commitments and contingencies (Note 9) | ||
| Stockholders’ Equity: | ||
| Preferred stock, 5,000 shares authorized, no shares issued or outstanding | — | — |
| Common stock, 30,000 shares authorized, par value $0.01; 13,741 and 13,688 shares issued, respectively | 137 | 137 |
| Additional paid-in capital | 117,410 | 116,480 |
| Retained earnings | 148,643 | 134,281 |
| Treasury shares, at cost, 1,310 shares for each of the dates presented, respectively | (15,004) | (15,004) |
| Total stockholders’ equity | 251,186 | 235,894 |
| Total liabilities and stockholders’ equity | $498,069 | $478,729 |
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