NATURAL GAS SERVICES GROUP INC
For the period ended Dec 31, 2025. Filed Mar 16, 2026.
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FY2025 · Filed Mar 16, 2026
NGS$28.74-1.1%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
| NATURAL GAS SERVICES GROUP, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(in thousands) | |||
|---|---|---|---|
| Year Ended December 31, | |||
| 2025 | 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net income | $19,928 | $17,227 | $4,747 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 36,656 | 31,347 | 26,550 |
| Impairments | 2,600 | 841 | 779 |
| Inventory allowance | 1,114 | 1,863 | 3,965 |
| Retirement of rental equipment | 728 | 28 | 505 |
| Gain on the disposition of assets, net | (270) | (430) | (481) |
| Amortization of debt issuance costs | 1,168 | 746 | 425 |
| Deferred income taxes | 6,657 | 4,237 | 1,838 |
| Stock-based compensation | 2,126 | 1,821 | 2,054 |
| Provision for credit losses | 155 | 433 | 492 |
| (Gain) loss on company owned life insurance | (63) | (156) | 235 |
| Changes in operating assets and liabilities: | |||
| Trade accounts receivables | (3,026) | 23,127 | (25,010) |
| Inventory | (3,710) | 2,477 | (669) |
| Prepaid expenses, income taxes receivable and prepayments | (3,395) | 152 | (7) |
| Accounts payable and accrued liabilities | 5,554 | (17,727) | 2,436 |
| Other | (3,295) | 477 | 174 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 62,927 | 66,463 | 18,033 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Purchase of rental equipment, property and other equipment | (121,487) | (71,894) | (153,943) |
| Purchase of company owned life insurance, net | — | (22) | (422) |
| Proceeds received from insurance for damages to equipment | 96 | — | — |
| Proceeds from disposition of assets, net | 94 | 476 | 477 |
| NET CASH USED IN INVESTING ACTIVITIES | (121,297) | (71,440) | (153,888) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Proceeds from credit facility borrowings | 71,122 | 28,000 | 139,000 |
| Repayments of credit facility borrowings | (11,122) | (22,000) | — |
| Payments of other long term liabilities | — | (780) | (95) |
| Payments of debt issuance costs | (1,297) | (962) | (2,693) |
| Proceeds from exercise of stock options | 168 | 293 | — |
| Payment of dividends | (2,637) | — | — |
| Taxes paid related to net share settlement of equity awards | (6) | (178) | (983) |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 56,228 | 4,373 | 135,229 |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | (2,142) | (604) | (626) |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 2,142 | 2,746 | 3,372 |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD | $— | $2,142 | $2,746 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
| Interest paid | $14,793 | $18,394 | $7,053 |
| Income taxes paid, net of refunds received | $259 | $— | $— |
| SUPPLEMENTAL DISCLOSURES OF NON-CASH TRANSACTIONS: | |||
| Transfer of rental equipment to inventory | $— | $51 | $665 |
| Transfer of right of use assets to property and equipment | $— | $2,641 | $— |
| Transfer of property and equipment to assets held for sale | $2,227 | $— | $— |
| Accrued purchases of property and equipment | $1,975 | $2,687 | $— |
| Right of use assets acquired through a finance lease | $— | $2,174 | $1,146 |
| Right of use assets acquired through an operating lease | $1,989 | $563 | $63 |
F - 6
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