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Natural Gas Services Group (NGS)
NYSE:NGS
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.26Last Year’s EPS
$0.52Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: 12.01%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance with significant revenue and EBITDA growth, increased 2024 guidance, and successful fleet expansion. However, challenges remain in the weak natural gas market and potential incremental costs. The overall sentiment is positive due to the outweighing highlights.Company Guidance
During the Q3 2024 earnings call for Natural Gas Services Group, the executive team provided strong guidance for the future, highlighting a 35% year-over-year increase in rental revenue and a 54% rise in adjusted EBITDA to $18.2 million. The company increased its 2024 adjusted EBITDA outlook to a range of $67 million to $69 million, projecting a 48% growth over fiscal 2023. The discussion emphasized key growth drivers, including a 19% year-over-year increase in rented horsepower and an expected 100,000 additional horsepower over the next five quarters. The company's focus on fleet optimization and expansion, particularly in large horsepower units, was underscored by a 32% increase in large horsepower rentals compared to the previous year. Furthermore, the company plans to allocate 40% of new horsepower to electric motor-driven units. Natural Gas Services Group also reported significant cash flow improvements, with accounts receivable decreasing from $42 million at the end of Q1 to less than $25 million at the end of Q3, creating $17.5 million in cash over two quarters.Significant Revenue Growth
Reported a 35% increase in rental revenue year-over-year and a 7% increase sequentially.
Adjusted EBITDA Growth
Adjusted EBITDA of $18.2 million increased 54% compared to last year's third quarter and was up approximately 11% from Q2.
Increased 2024 Guidance
2024 adjusted EBITDA outlook increased from $64 million to $68 million to a range of $67 million to $69 million, implying 48% growth over fiscal 2023.
Fleet Expansion
A 19% increase in horsepower rented year-over-year, with large horsepower units increasing by 32%.
Strong Balance Sheet and Cash Flow
Generated cash flow from operations of $57 million year-to-date in 2024, with substantial reduction in accounts receivable.
High Gross Margin
Rental adjusted gross margin percentage of 61.3% for the quarter, maintaining high levels across four straight quarters.
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NGS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NGS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $24.39 | $24.95 | +2.30% |
| Aug 14, 2024 | $18.89 | $20.97 | +11.01% |
| May 15, 2024 | $23.25 | $23.89 | +2.75% |
| Apr 01, 2024 | $20.25 | $22.77 | +12.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Natural Gas Services Group (NGS) report earnings?
Natural Gas Services Group (NGS) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Natural Gas Services Group (NGS) earnings time?
Natural Gas Services Group (NGS) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NGS EPS forecast?
NGS EPS forecast for the fiscal quarter 2024 (Q4) is $0.26.
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