NATURAL GAS SERVICES GROUP INC

For the period ended Sep 30, 2025. Filed Nov 10, 2025.

About 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.

Sep 30, 2025 · Filed Nov 10, 2025

NGS$28.74-1.1%Stored close · as of Nov 10, 2026

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Contents

Unaudited Condensed Consolidated Statements of Operations

NATURAL GAS SERVICES GROUP, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except earnings per share)(unaudited)
Three months ended · Nine months ended
	September 30,		September 30,
	2025	2024	2025	2024
Revenue:
Rental	$41,502	$37,350	$119,992	$106,010
Sales	471	1,843	3,148	6,616
Aftermarket services	1,428	1,493	3,026	3,458
Total revenue	43,401	40,686	126,166	116,084
Cost of revenue (excluding depreciation and amortization):
Rental	15,970	14,442	46,338	41,784
Sales	448	2,028	3,375	6,457
Aftermarket services	1,155	1,324	2,146	2,836
Total cost of revenues (excluding depreciation and amortization)	17,573	17,794	51,859	51,077
Selling, general and administrative expense	5,870	5,459	16,702	15,181
Depreciation and amortization	9,249	8,086	26,854	22,878
Impairments	—	136	—	136
Inventory allowance	—	—	61	—
Retirement of rental equipment	—	—	728	5
Gain on disposition of assets, net	(46)	(246)	(224)	(475)
Total operating costs and expenses	32,646	31,229	95,980	88,802
Operating income	10,755	9,457	30,186	27,282
Other income (expense):
Interest expense	(3,414)	(3,045)	(9,827)	(8,912)
Other income (expense)	222	(15)	325	148
Total other income (expense), net	(3,192)	(3,060)	(9,502)	(8,764)
Income before income taxes	7,563	6,397	20,684	18,518
Provision for income taxes	(1,779)	(1,383)	(4,858)	(4,156)
Net income	$5,784	$5,014	$15,826	$14,362
Earnings per share:
Basic	$0.46	$0.40	$1.26	$1.16
Diluted	$0.46	$0.40	$1.25	$1.15
Weighted average shares outstanding:
Basic	12,544	12,427	12,529	12,404
Diluted	12,685	12,526	12,679	12,511

NATURAL GAS SERVICES GROUP, INC.CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY(in thousands)(unaudited)
Preferred Stock · Common Stock · Additional Paid-In Capital · Retained Earnings · Treasury Stock · Total Stockholders’ Equity
Shares · Amount · Shares · Amount · Shares · Amount
January 1, 2024	—	$—	13,688	$137	$116,480	$134,281	1,310	$(15,004)	$235,894
Stock-based compensation	—	—	—	—	274	—	—	—	274
Taxes paid related to net shares settlement of equity awards	—	—	6	—	—	—	—	—	—
Net income	—	—	—	—	—	5,098	—	—	5,098
March 31, 2024	—	$—	13,694	$137	$116,754	$139,379	1,310	$(15,004)	$241,266
Stock-based compensation	—	—	—	—	242	—	—	—	242
Taxes paid related to net shares settlement of equity awards	—	—	33	—	(98)	—	—	—	(98)
Net income	—	—	—	—	—	4,250	—	—	4,250
June 30, 2024	—	$—	13,727	$137	$116,898	$143,629	1,310	$(15,004)	$245,660
Stock-based compensation	—	—	—	—	522	—	—	—	522
Vesting of restricted stock/units	—	—	7	—	—	—	—	—	—
Exercise of common stock options	—	—	7	—	70	—	—	—	70
Taxes paid related to net shares settlement of equity awards	—	—	—	—	(80)	—	—	—	(80)
Net income	—	—	—	—	—	5,014	—	—	5,014
September 30, 2024	—	$—	13,741	$137	$117,410	$148,643	1,310	$(15,004)	$251,186

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