NATURAL GAS SERVICES GROUP INC
For the period ended Mar 31, 2025. Filed May 12, 2025.
View on SEC.govAbout 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.
Mar 31, 2025 · Filed May 12, 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:
| Three months ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Rental | $38,910 | $33,734 |
| Sales | ||
| Compressors | 821 | 1,283 |
| Other (Parts/Rebuilds) | 1,106 | 1,220 |
| 1,927 | 2,503 | |
| Aftermarket services | 546 | 670 |
| Total revenue | $41,383 | $36,907 |
No amounts were recognized in revenue attributable to deferred revenue during the three months ended March 31, 2025. We recognized $0.4 million in revenue for the three months ended March 31, 2024, that was included in accrued liabilities as deferred revenue at the beginning of 2024.
Transaction Price Allocated to the Remaining Performance Obligations
As of March 31, 2025, and December 31, 2024, we hadno 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 is one year or less. These costs are included within Selling, general and administrative expenses in our Condensed 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.