Natural Gas Services ( (NGS) ) has released its Q4 earnings. Here is a breakdown of the information Natural Gas Services presented to its investors.
Natural Gas Services Group, Inc. is a prominent provider of natural gas compression equipment, technology, and services, primarily serving the energy sector. The company is headquartered in Midland, Texas, and operates service facilities across major oil and gas producing regions in the United States.
In its latest earnings report, Natural Gas Services Group, Inc. announced significant financial growth for the fourth quarter and full year 2024. The company reported a notable increase in rental revenue and net income, highlighting a year of transformational achievements and strategic advancements.
Key financial metrics for 2024 included a 21% rise in fourth-quarter rental revenue to $38.2 million and a 36% increase for the full year to $144.2 million. Net income surged by 68% in the fourth quarter to $2.9 million and by 263% for the full year to $17.2 million. Additionally, the company achieved a record Adjusted EBITDA of $69.5 million, marking a 52% increase over 2023.
Looking ahead, Natural Gas Services Group anticipates continued growth in 2025, with projected Adjusted EBITDA between $74 million and $78 million and a significant increase in rented horsepower. The company plans substantial capital expenditures to support this growth, positioning itself for further market share gains and shareholder value enhancement.
Overall, Natural Gas Services Group, Inc. remains optimistic about its future prospects, driven by its strategic initiatives and strong market demand. The company expects to maintain its momentum into 2026, with a focus on expanding its fleet and enhancing operational efficiency.