NATURAL GAS SERVICES GROUP INC

For the period ended Sep 30, 2024. Filed Nov 14, 2024.

About 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.

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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Contents

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 · Nine months ended
	September 30,		September 30,
	2024	2023	2024	2023
Revenue:
Rental	$37,350	$27,705	$106,010	$74,533
Sales	1,843	1,413	6,616	6,000
Aftermarket services	1,493	2,251	3,458	4,413
Total revenue	40,686	31,369	116,084	84,946
Operating costs and expenses:
Cost of rentals, exclusive of depreciation stated separately below	14,442	13,462	41,784	36,450
Cost of sales, exclusive of depreciation stated separately below	2,028	1,505	6,457	6,618
Cost of aftermarket services, exclusive of depreciation stated separately below	1,324	1,846	2,836	3,424
Selling, general and administrative expenses	5,213	2,845	14,706	12,267
Depreciation and amortization	8,086	6,807	22,878	19,390
Impairments	136	—	136	779
Retirement of rental equipment	—	—	5	—
Total operating costs and expenses	31,229	26,465	88,802	78,928
Operating income	9,457	4,904	27,282	6,018
Other income (expense):
Interest expense	(3,045)	(1,600)	(8,912)	(1,785)
Other income (expense), net	(15)	(87)	148	254
Total other expense	(3,060)	(1,687)	(8,764)	(1,531)
Income before provision for income taxes	6,397	3,217	18,518	4,487
Income tax expense	(1,383)	(1,046)	(4,156)	(1,442)
Net income	$5,014	$2,171	$14,362	$3,045
Earnings per share:
Basic	$0.40	$0.18	$1.16	$0.25
Diluted	$0.40	$0.18	$1.15	$0.25
Weighted average shares outstanding:
Basic	12,427	12,378	12,404	12,295
Diluted	12,526	12,403	12,511	12,372

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
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 stock units	—	—	—	—	465	—	—	—	465
Taxes paid related to net shares settlement of equity awards	—	—	—	—	(184)	—	—	—	(184)
Net income	—	—	—	—	—	370	—	—	370
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 stock units	—	—	—	—	1,100	—	—	—	1,100
Taxes paid related to net shares settlement of equity awards	—	—	—	—	(798)	—	—	—	(798)
Net income	—	—	—	—	—	504	—	—	504
June 30, 2023	—	$—	13,688	$136	116,045	$130,408	1,310	$(15,004)	$231,585
Compensation expense on common stock options	—	—	—	—	22	—	—	—	22
Compensation expense on restricted common stock	—	—	—	—	187	—	—	—	187
Net income	—	—	—	—	—	2,171	—	—	2,171
September 30, 2023	—	$—	13,688	$136	$116,254	$132,579	1,310	$(15,004)	$233,965

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.