NATURAL GAS SERVICES GROUP INC
For the period ended Dec 31, 2024. Filed Mar 17, 2025.
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FY2024 · Filed Mar 17, 2025
NGS$29.07+5.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets F-3
| NATURAL GAS SERVICES GROUP, INC.CONSOLIDATED BALANCE SHEETS(in thousands) | ||
|---|---|---|
| December 31, | ||
| 2024 | 2023 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $2,142 | $2,746 |
| Trade accounts receivable, net of provision for credit losses | 15,626 | 39,186 |
| Inventory, net of allowance for obsolescence | 18,051 | 21,639 |
| Federal income tax receivable | 11,282 | 11,538 |
| Prepaid expenses and other | 1,075 | 1,162 |
| Total current assets | 48,176 | 76,271 |
| Long-term inventory, net of allowance for obsolescence | — | 701 |
| Rental equipment, net of accumulated depreciation | 415,021 | 373,649 |
| Property and equipment, net of accumulated depreciation | 22,989 | 20,550 |
| Intangible assets, net of accumulated amortization | — | 775 |
| Other assets | 6,342 | 6,783 |
| Total assets | $492,528 | $478,729 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $9,670 | $17,628 |
| Accrued liabilities | 7,688 | 15,085 |
| Total current liabilities | 17,358 | 32,713 |
| Credit facility | 170,000 | 164,000 |
| Deferred income taxes | 45,873 | 41,636 |
| Other long-term liabilities | 4,240 | 4,486 |
| Total liabilities | 237,471 | 242,835 |
| Commitments and contingencies (Note 13) | ||
| Stockholders’ Equity: | ||
| Preferred stock, 5,000 shares authorized, no shares issued or outstanding | — | — |
| Common stock, 30,000 shares authorized, par value $0.01; 13,762 and 13,688 shares issued, as of December 31, 2024 and 2023, respectively | 138 | 137 |
| Additional paid-in capital | 118,415 | 116,480 |
| Retained earnings | 151,508 | 134,281 |
| Treasury shares, at cost, 1,310 shares for each of December 31, 2024 and 2023, respectively | (15,004) | (15,004) |
| Total stockholders’ equity | 255,057 | 235,894 |
| Total liabilities and stockholders’ equity | $492,528 | $478,729 |
F - 3
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