NATURAL GAS SERVICES GROUP INC
For the period ended Jun 30, 2025. Filed Aug 11, 2025.
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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.
Jun 30, 2025 · Filed Aug 11, 2025
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Property and Equipment
- Property and Equipment
The following table summarizes our property and equipment as of the dates presented:
| June 30, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| Land | $1,562 | $1,680 |
| Building | 16,135 | 19,140 |
| Leasehold improvements | 1,022 | 1,346 |
| Office equipment and furniture | 2,057 | 2,057 |
| Software | 589 | 589 |
| Machinery and equipment | 4,929 | 4,430 |
| Vehicles | 12,998 | 12,739 |
| Work-in-progress | 1,932 | 168 |
| 41,224 | 42,149 | |
| Less accumulated depreciation | (18,560) | (19,160) |
| Total | $22,664 | $22,989 |
Depreciation expense for property and equipment was $0.9 million and $0.8 million for the three months ended June 30, 2025, and 2024, respectively, and $1.9 million and $1.3 million for the six months ended June 30, 2025, and 2024, respectively.
During the quarter ended June 30, 2025, we reclassified certain items of property and equipment attributable to our former Midland Facility with a carrying value of $2.2 million to assets held for sale (see Note 5).
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