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
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Consolidated Statements of Operations F-4
| NATURAL GAS SERVICES GROUP, INC.CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except earnings per share) | |||
|---|---|---|---|
| Year Ended December 31, | |||
| 2024 | 2023 | 2022 | |
| Revenue: | |||
| Rental | $144,236 | $106,159 | $74,465 |
| Sales | 7,613 | 8,921 | 8,568 |
| Aftermarket services | 4,893 | 6,087 | 1,792 |
| Total revenue | 156,742 | 121,167 | 84,825 |
| Cost of revenues (excluding depreciation and amortization) | |||
| Rental | 56,903 | 48,877 | 37,750 |
| Sales | 7,903 | 8,919 | 7,650 |
| Aftermarket services | 3,950 | 4,658 | 957 |
| Total cost of revenues (excluding depreciation and amortization) | 68,756 | 62,454 | 46,357 |
| Selling, general and administrative expenses | 21,012 | 16,938 | 13,892 |
| Depreciation and amortization | 31,347 | 26,550 | 24,116 |
| Impairments | 841 | 779 | — |
| Inventory allowance | 1,863 | 3,965 | 83 |
| Retirement of rental equipment | 28 | 505 | 196 |
| Gain on sale of property and equipment, net | (430) | (481) | (250) |
| Total operating costs and expenses | 123,417 | 110,710 | 84,394 |
| Operating income | 33,325 | 10,457 | 431 |
| Other income (expense): | |||
| Interest expense | (11,927) | (4,082) | (364) |
| Other income (expense) | 268 | 245 | (108) |
| Total other expense, net | (11,659) | (3,837) | (472) |
| Income (loss) before income taxes | 21,666 | 6,620 | (41) |
| Provision for income taxes | (4,439) | (1,873) | (528) |
| Net income (loss) | $17,227 | $4,747 | $(569) |
| Earnings (loss) per share: | |||
| Basic | $1.39 | $0.39 | $(0.05) |
| Diluted | $1.37 | $0.38 | $(0.05) |
| Weighted average shares outstanding: | |||
| Basic | 12,412 | 12,316 | 12,305 |
| Diluted | 12,554 | 12,383 | 12,305 |
F - 4
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