Natural Gas Services Group, Inc. provides natural gas compression services and equipment to the energy industry in the United States. It fabricates, manufactures, rents, and sells natural gas compressors and related equipment. The company primarily engages in the rental of compression units that provide small, medium, and large horsepower applications for unconventional oil and natural gas production. As of December 31, 2020, the company had 2,224 natural gas compression units in its rental fleet with 438,524 horsepower. The company also engages in the design, fabrication, and assembly of compressor components into compressor units for rental or sale; engineers and fabricates natural gas compressors; and designs and manufactures a line of reciprocating compressor frames, cylinders, and parts. In addition, it is involved in the design, fabrication, sale, installation, and service of flare stacks and related ignition and control devices for the onshore and offshore incineration of gas compounds, such as hydrogen sulfide, carbon dioxide, natural gas, and liquefied petroleum gases. Further, the company offers customer support services for its compressor and flare sales business; an exchange and rebuild program for small horsepower screw compressors; and maintains an inventory of new and used compressors. Its primary customers are exploration and production(E&P) companies that utilize compressor units for artificial lift applications; E&P companies that focuses on natural gas-weighted production; and midstream companies. Natural Gas Services Group, Inc. was incorporated in 1998 and is headquartered in Midland, Texas.
IPO Year: 2002
Exchange: NYSE
Website: ngsgi.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/7/2024 | $27.00 | Strong Buy | Raymond James |
| 12/20/2023 | $18.00 | Buy | Stifel |
Raymond James initiated coverage of Natural Gas Services with a rating of Strong Buy and set a new price target of $27.00
Stifel initiated coverage of Natural Gas Services with a rating of Buy and set a new price target of $18.00
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Midland, Texas, April 03, 2025 (GLOBE NEWSWIRE) -- Midland, Texas, April 3, 2025 – Natural Gas Services Group, Inc. ("NGS" or the "Company") (NYSE:NGS), a leading provider of natural gas compression equipment, technology, and services to the energy industry, announced that its Board of Directors (the "Board") appointed Anthony Gallegos to the Board on April 1, 2025. Mr. Gallegos fills the position vacated by David Bradshaw in connection with his retirement from the Board in December 2024. "On behalf of the entire team at NGS, we are excited to welcome Anthony Gallegos to the Board of Directors," said Justin Jacobs, Chief Executive Officer. "Anthony brings a wealth of experience from his d
Midland, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. ("NGS" or the "Company") (NYSE:NGS), a leading provider of natural gas compression equipment, technology, and services to the energy industry, announced today that Ian Eckert will join the company's executive leadership team as its new Chief Financial Officer no later than January 6, 2025. John Bittner, NGS's current Interim CFO, will continue in that role until Mr. Eckert's start date and then provide transition services thereafter. "I am thrilled to welcome Ian to the NGS leadership team as our Chief Financial Officer and look forward to his contributions," stated Justin Jacobs, Chief Executive Officer of NGS.
Midland, Texas, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. ("NGS" or the "Company") (NYSE:NGS), a leading provider of natural gas compression equipment, technology, and services to the energy industry, announced today that its Board of Directors has appointed Jean Holley as a Director, effective November 1, 2024. In connection with the appointment, the Company increased the size of its Board from six to seven directors. "We are excited to welcome Jean to NGS's Board of Directors," stated Justin Jacobs, Chief Executive Officer of NGS. "Jean is an accomplished executive with significant expertise across a number of businesses and disciplines which we
Midland, Texas, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. (NYSE:NGS), a leading provider of gas compression equipment, technology, and services to the energy industry, announced today that James Hazlett, who served as Chief Technology Officer of the Company and worked with Natural Gas Services Group since 2005, has officially retired. "I would like to personally thank Jim for his two decades of dedicated service to Natural Gas Services Group," said Steve Taylor, Chairman of the Company. "He was a driving force in our technical success and his contributions are still felt throughout the company. He built a strong team in the process, one that will con
Midland, Texas, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. (NYSE:NGS), a leading provider of gas compression equipment, technology, and services to the energy industry, announced today the appointment of Justin Jacobs as Chief Executive Officer of NGS, effective February 12, 2024. The appointment concludes an extensive and thorough search process undertaken by the Board of Directors over the past year. Stephen Taylor, who serves as Interim Chief Executive Officer, will remain Chairman of Board of NGS and will provide transition services for 6 months as per his retirement agreement. "We are delighted to have Justin take an executive role at this important
Midland, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. (NYSE:NGS) (the "Company" or "NGS"), a leading provider of gas compression equipment, technology and services to the energy industry, announced today that it has appointed industry veteran Brian L. Tucker to the position of President and Chief Operating Officer of the Company. Current Interim President and Chief Executive Officer Stephen C. Taylor resigned as President to allow Mr. Tucker to assume the position. Mr. Taylor remains Chairman of Board and Interim Chief Executive Officer. Mr. Tucker, most recently Senior Vice President, Operations at Patterson-UTI Energy Inc., brings nearly 20
Midland, Texas, July 05, 2023 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. ("NGS" or the "Company") (NYSE:NGS), a leading provider of natural gas compression equipment and services to the energy industry, announced that Stephen C. Taylor has agreed to continue to serve as Interim Chief Executive Officer and President of the Company until the earlier of December 31, 2023, or the appointment of a successor and that Donald J. Tringali has been appointed Lead Independent Director, succeeding director David L. Bradshaw in the role. "Although the Company has been through a year of transition, we have been extremely active from an operational and Board perspective," sai
Midland TX, May 01, 2023 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. (NYSE:NGS) (the "Company"), a leading provider of gas compression equipment and services in the energy industry, today announced that it has entered into a cooperation agreement with affiliated entities of Mill Road Capital ("Mill Road"), which currently owns approximately 7.3% of the Company's outstanding common shares. Under the agreement, the Company appointed Justin C. Jacobs and Donald J. Tringali to its Board of Directors (the "Board") and agreed to include Messrs. Jacobs and Tringali as part of the Company's slate of nominees for election to the Board at the 2023 annual meeting of shareholders, which is sc
Midland, TX, May 17, 2022 (GLOBE NEWSWIRE) -- Stephen C. Taylor, after over 17 years of service to the Company, announces his retirement as President and Chief Executive Officer. He will remain Chairman as well as an advisor to the Company with a focus on long-term customer relationships. John W. Chisholm, currently lead independent director, will serve as interim President and Chief Executive Officer, ensuring strong leadership continuity. Midland, TX, May 17, 2022 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. (NYSE:NGS) (the "Company" or "NGS"), a leading provider of gas compression equipment and services to the natural gas and oil industry, announced today that Stephen C. Ta
Midland, TX, May 11, 2021 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. (NYSE:NGS) (the "Company" or "NGS"), a leading provider of gas compression equipment and services to the natural gas and oil industry, announced today that Micah C. Foster has been appointed Vice President, Chief Financial Officer and Corporate Secretary. Mr. Foster has over 17 years of professional experience in the energy industry and public accounting. Prior to joining the Company Mr. Foster served as the Chief Accounting Officer of Legacy Reserves Inc and its predecessor Legacy Reserves LP, a publicly traded oil and natural gas company, from April 2012 until April 2020. Prior to his appointment as
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Midland, Texas, May 05, 2025 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. (NYSE:NGS), a leading provider of natural gas compression equipment, technology and services to the energy industry, will host a conference call to review its first quarter financial results on May 13, 2025 at 8:30 a.m. (EST), 7:30 a.m. (CST). The Company's Q1 2025 financial and operating results for the first quarter will be disseminated via press release and made available on the Company's website (www.ngsgi.com) after market close on May 12, 2025. To join the conference call, kindly access the Investor Relations section of our website at www.ngsgi.com or dial in at (800) 550-9745 and enter conference ID:
Midland, Texas, April 22, 2025 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. ("NGS" or the "Company"), a premier provider of natural gas compression equipment, technology, and services to the energy industry, announced today it has closed on a $100 million expansion of its existing credit facility (the "Facility"), bringing the total commitments to $400 million with an enlarged accordion of $100 million. The expanded Facility enhances the Company's financial flexibility and provides additional capital to support ongoing fleet growth, particularly in its large horsepower and electric drive rental compression units. "We are pleased to announce the expansion and amendment of our credi
Midland, Texas, April 03, 2025 (GLOBE NEWSWIRE) -- Midland, Texas, April 3, 2025 – Natural Gas Services Group, Inc. ("NGS" or the "Company") (NYSE:NGS), a leading provider of natural gas compression equipment, technology, and services to the energy industry, announced that its Board of Directors (the "Board") appointed Anthony Gallegos to the Board on April 1, 2025. Mr. Gallegos fills the position vacated by David Bradshaw in connection with his retirement from the Board in December 2024. "On behalf of the entire team at NGS, we are excited to welcome Anthony Gallegos to the Board of Directors," said Justin Jacobs, Chief Executive Officer. "Anthony brings a wealth of experience from his d
Midland, Texas, March 17, 2025 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. ("NGS" or the "Company") (NYSE:NGS), a leading provider of natural gas compression equipment, technology, and services to the energy industry, today announced financial results for the three months and year-ended December 31, 2024. The Company also provided guidance for its full year 2025, anticipating significant top- and bottom-line growth with strong momentum moving into 2026. Fourth Quarter and Full Year 2024 Highlights Rental revenue of $38.2 million for the fourth quarter and $144.2 million for the full year 2024, representing increases of 21% and 36%, respectively, compared to the prior year compar
Midland, Texas, March 05, 2025 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. (NYSE:NGS), a leading provider of natural gas compression equipment, technology and services to the energy industry, will host a conference call to review its fourth-quarter and fiscal 2024 financial results on March 18, 2025 at 8:30 a.m. (EST), 7:30 a.m. (CST). The Company's Q4 2024 financial and operating results for the full year ending in December 31, 2024 will be disseminated via press release and made available on the Company's website (www.ngsgi.com) after market close on March 17, 2025. To join the conference call, kindly access the Investor Relations section of our website at www.ngsgi.com or dial
Midland, Texas, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. ("NGS" or the "Company") (NYSE:NGS), a leading provider of natural gas compression equipment, technology, and services to the energy industry, announced today that David Bradshaw has retired and resigned from its Board of Directors, effective as of December 10, 2024. Mr. Bradshaw's decision to retire and resign from the Board was not the result of any disagreement with the Company or the Board. "The Board and I wanted to formally recognize and thank David for his thirteen years of service to NGS as a Director," said Stephen Taylor, Chairman of the Board of NGS. "His knowledge of the oil and gas industry alo
Midland, Texas, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. ("NGS" or the "Company") (NYSE:NGS), a leading provider of natural gas compression equipment, technology, and services to the energy industry, today announced its participation at an investor conference in December of 2024. Justin Jacobs, Chief Executive Officer of Natural Gas Services Group will be presenting at the NobleCon20 - Noble Capital Markets' Twentieth Annual Emerging Growth Equity Conference at Florida Atlantic University, Executive Education Complex, in Boca Raton, FL.- on Tuesday, December 3rd, 2024, at 10:00 a.m. ET. A high-definition video webcast of the presentation will be available the fo
Midland, Texas, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. ("NGS" or the "Company") (NYSE:NGS), a leading provider of natural gas compression equipment, technology, and services to the energy industry, today announced financial results for the three months ended September 30, 2024. The Company also updated its prior guidance for the full year, increasing its outlook for Adjusted EBITDA, along with providing a preliminary view of expected level of FY 2025 growth capital expenditures. Third Quarter 2024 Highlights Rental revenue of $37.4 million, an increase of 35% when compared to the third quarter of 2023 and 7% sequentially.Net income of $5.0 million, or
Midland, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. ("NGS" or the "Company") (NYSE:NGS), a leading provider of natural gas compression equipment, technology, and services to the energy industry, today announced its participation at an investor conference in November of 2024. Justin Jacobs, Chief Executive Officer of Natural Gas Services Group will present at the Sidoti Micro-Cap Virtual Investor Conference, scheduled on November 13-14, 2024. Mr. Jacobs will deliver his presentation on Wednesday, November 13th, 2024 at 1:45 p.m. ET. About the Sidoti Micro-Cap Conference – Sidoti is a provider of independent securities research focused on small- and micro-ca
Midland, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. ("NGS" or the "Company") (NYSE:NGS), a leading provider of natural gas compression equipment, technology, and services to the energy industry, announced today that Ian Eckert will join the company's executive leadership team as its new Chief Financial Officer no later than January 6, 2025. John Bittner, NGS's current Interim CFO, will continue in that role until Mr. Eckert's start date and then provide transition services thereafter. "I am thrilled to welcome Ian to the NGS leadership team as our Chief Financial Officer and look forward to his contributions," stated Justin Jacobs, Chief Executive Officer of NGS.
Midland, Texas, May 05, 2025 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. (NYSE:NGS), a leading provider of natural gas compression equipment, technology and services to the energy industry, will host a conference call to review its first quarter financial results on May 13, 2025 at 8:30 a.m. (EST), 7:30 a.m. (CST). The Company's Q1 2025 financial and operating results for the first quarter will be disseminated via press release and made available on the Company's website (www.ngsgi.com) after market close on May 12, 2025. To join the conference call, kindly access the Investor Relations section of our website at www.ngsgi.com or dial in at (800) 550-9745 and enter conference ID:
Midland, Texas, March 17, 2025 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. ("NGS" or the "Company") (NYSE:NGS), a leading provider of natural gas compression equipment, technology, and services to the energy industry, today announced financial results for the three months and year-ended December 31, 2024. The Company also provided guidance for its full year 2025, anticipating significant top- and bottom-line growth with strong momentum moving into 2026. Fourth Quarter and Full Year 2024 Highlights Rental revenue of $38.2 million for the fourth quarter and $144.2 million for the full year 2024, representing increases of 21% and 36%, respectively, compared to the prior year compar
Midland, Texas, March 05, 2025 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. (NYSE:NGS), a leading provider of natural gas compression equipment, technology and services to the energy industry, will host a conference call to review its fourth-quarter and fiscal 2024 financial results on March 18, 2025 at 8:30 a.m. (EST), 7:30 a.m. (CST). The Company's Q4 2024 financial and operating results for the full year ending in December 31, 2024 will be disseminated via press release and made available on the Company's website (www.ngsgi.com) after market close on March 17, 2025. To join the conference call, kindly access the Investor Relations section of our website at www.ngsgi.com or dial
Midland, Texas, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. ("NGS" or the "Company") (NYSE:NGS), a leading provider of natural gas compression equipment, technology, and services to the energy industry, today announced financial results for the three months ended September 30, 2024. The Company also updated its prior guidance for the full year, increasing its outlook for Adjusted EBITDA, along with providing a preliminary view of expected level of FY 2025 growth capital expenditures. Third Quarter 2024 Highlights Rental revenue of $37.4 million, an increase of 35% when compared to the third quarter of 2023 and 7% sequentially.Net income of $5.0 million, or
Midland, Texas, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. (NYSE:NGS), a leading provider of natural gas compression equipment, technology and services to the energy industry, will host a conference call to review its third-quarter financial results on Friday, November 15, 2024 at 8:30 a.m. (EST), 7:30 a.m. (CST). The Company's Q3 2024 financial and operating results for the nine months ended September 30, 2024 will be disseminated via press release and made available on the Company's website (www.ngsgi.com) after market close on Thursday, November 14, 2024. To join the conference call, kindly access the Investor Relations section of our website at www.ngsgi.com
Midland, Texas, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. ("NGS" or the "Company") (NYSE:NGS), a leading provider of natural gas compression equipment, technology, and services to the energy industry, today announced financial results for the three months ended June 30, 2024. The Company also updated its prior guidance for the full year, increasing its outlook for both Adjusted EBITDA and growth capital expenditures. Second Quarter 2024 Highlights Rental revenue of $34.9 million, an increase of 45% when compared to the second quarter of 2023 and 4% sequentially.Net income of $4.3 million, or $0.34 per basic share, as compared to $0.5 million, or $
Midland, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. (NYSE:NGS), a leading provider of natural gas compression equipment, technology and services to the energy industry, will host a conference call to review its second-quarter financial results on Thursday, August 15, 2024 at 8:30 a.m. (EST), 7:30 a.m. (CST). The Company's Q2 2024 financial and operating results for the three months ended June 30, 2024 will be disseminated via press release and made available on the Company's website (www.ngsgi.com) after market close on Wednseday, August 14, 2024. To join the conference call, kindly access the Investor Relations section of our website at www.ngsgi
Midland, Texas, May 15, 2024 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. ("NGS" or the "Company") (NYSE:NGS), a leading provider of natural gas compression equipment, technology and services to the energy industry, today announced financial results for the three months ended March 31, 2024. First Quarter 2024 Highlights Rental revenue of $33.7 million, an increase of 48% when compared to the first quarter of 2023 and 7% when compared to the fourth quarter of 2023.Net income of $5.1 million, or $0.41 per basic share, as compared to a net income of $0.4 million, or $0.03 per basic share in the first quarter of 2023 and net income of $1.7 million, or $0.14 per b
Midland, Texas, May 09, 2024 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. (NYSE:NGS), a leading provider of natural gas compression equipment, technology and services to the energy industry, will host a conference call to review first-quarter financial results on Thursday, May 16, 2024 at 8:30 a.m. (EST), 7:30 a.m. (CST). The Company's Q1 2024 financial and operating results for the three months ended March 31, 2024 will be disseminated via press release and made available on the Company's website (www.ngsgi.com) after market closes on Wednseday, May 15, 2024. To join the conference call, kindly access the Investor Relations section of our website at www.ngsgi.com or dial in a
Midland, Texas, April 01, 2024 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. (NYSE:NGS) (the "Company" or "NGS"), a leading provider of gas compression equipment, technology and services to the energy industry, announces its financial results for the three months and full year ended December 31, 2023. Financial results contained herein reflect the consolidated financial statements included in the Company's Form 10-K that will be filed on April 1, 2024. 2023 Full Year and Fourth Quarter Highlights Full year 2023 rental revenue increased 43% to $106.2 million; fourth quarter 2023 rental revenue increased 54% year over year to $31.6 millionFull year 2023 GAAP net income was