NATURAL GAS SERVICES GROUP INC
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
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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.
Sep 30, 2026 · Filed Nov 9, 2026
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2026-06-30; filed 2026-08-10.
0001084991-26-000079
Item 1A. Risk FactorsCurrent report: 10-Q
Period ended 2026-09-30; filed 2026-11-09.
0001084991-26-000093
Item 1A. Risk FactorsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 7 previous paragraphs and 4 current paragraphs.
0 unchanged; 1 reworded; 3 added; 6 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (3)
Current report
Subsequent to the quarter ended September 30, 2026, the Company identified a cybersecurity incident involving unauthorized access to certain information that included personally identifiable information (“PII”). The Company promptly initiated its incident response protocols, engaged third-party cybersecurity specialists, and continues to evaluate the nature and scope of the incident.
Current report
Based on the information currently available, management does not believe the incident has had a material adverse effect on the Company’s operations, financial condition, or results of operations. The Company maintains cybersecurity insurance coverage that management believe substantially mitigates the risk of material loss associated with the incident. Accordingly, as of September 30, 2026, management has concluded that the likelihood of a material loss to the Company is remote and no liability has been recorded in the accompanying financial statements. See the cybersecurity-related risks described in our Annual Report on Form 10-K for the year ended December 31, 2025.
Removed paragraphs (6)
Previous report
Risks Related to the Acquisition and Integration of Flatrock
Previous report
On June 12, 2026, we completed the Flatrock Acquisition. The acquisition introduces operational, financial, and strategic risks that could adversely affect our business if we are unable to successfully integrate or operate the acquired business. Successfully integrating Flatrock requires, among other things, aligning technology platforms, operational processes, personnel, and corporate culture. We may experience challenges integrating Flatrock’s systems and technology, retaining key employees, maintaining relationships with customers and partners, or achieving anticipated growth and synergies. If the integration of Flatrock is delayed or unsuccessful, or if Flatrock’s business does not perform as expected, our results of operations, cash flows, and financial condition could be materially adversely affected.
Previous report
The Company may assume liabilities in connection with the acquisition of Flatrock.
Previous report
In connection with the acquisition of Flatrock, the Company may be exposed to known and unknown liabilities relating to Flatrock’s business, including liabilities arising from prior contracts, employment matters, tax matters, litigation, regulatory compliance, customer claims, vendor disputes, warranty obligations and other matters. The Company may have limited recourse against the Sellers for certain liabilities, and any such liabilities could be material or could adversely affect the Company’s business, financial condition, cash flows and results of operations.
Previous report
The issuance of shares in connection with the acquisition of Flatrock resulted in dilution to existing stockholders.
Previous report
In connection with the acquisition of Flatrock, the Company issued an aggregate of 241,803 shares of Common Stock. The issuance of these shares resulted in dilution to the Company’s existing stockholders and may increase the number of shares eligible for resale in the market, which could adversely affect the market price of the common stock.
Reworded paragraphs (1)
Previous wording
Except for the risk factors set forth below, there have been no material changes to the risk factors disclosed in Item 1A in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025. We may experience additional risks and uncertainties not currently known to us. Further, as a result of developments occurring in the future, conditions that we currently deem to be immaterial may also materially and adversely affect us. Any such risks may materially and adversely affect our business, financial condition, cash flows, and results of operations.
Current wording
Except for the risk factor set forth below, there have been no material changes to the risk factors disclosed in Item 1A in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as supplemented by the risk factors disclosed in Item 1A in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026.. We may experience additional risks and uncertainties not currently known to us. Further, as a result of developments occurring in the future, conditions that we currently deem to be immaterial may also materially and adversely affect us. Any such risks may materially and adversely affect our business, financial condition, cash flows, and results of operations.