NATURAL GAS SERVICES GROUP INC
For the period ended Dec 31, 2024. Filed Mar 17, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 17, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
. Revenues from Customers
- Revenues from Customers
Disaggregation of Revenue
The following table summarizes our revenue disaggregated by product or service type for the periods presented:
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Rental | $144,236 | $106,159 | $74,465 |
| Sales | |||
| Compressors | 1,746 | 1,800 | 3,601 |
| Flares | 4 | 87 | 239 |
| Other (Parts/Rebuilds) | 5,863 | 7,034 | 4,728 |
| 7,613 | 8,921 | 8,568 | |
| Aftermarket services | 4,893 | 6,087 | 1,792 |
| Total revenue | $156,742 | $121,167 | $84,825 |
We recognized $0.4 million in revenue for the year ended December 31, 2024, that was included in accrued liabilities at the beginning of 2024. For the periods ended December 31, 2023 and 2022, we recognized revenue of less than $0.1 million and $1.3 million from amounts related to sales that were included in deferred revenue at the beginning of 2023 and 2022, respectively.
Transaction Price Allocated to the Remaining Performance Obligations
As of December 31, 2024, we hadno unsatisfied performance obligations and as of December 31, 2023, there was $0.4 million of deferred revenue related to unsatisfied performance obligations.
Contract Costs
We recognize the incremental costs of obtaining contracts as an expense when incurred if the amortization period of the assets that we otherwise would have recognized isone year or less. These costs are included within Selling, general and administrative expense in our Consolidated Statements of Operations.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.