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Natural Gas Services Group (NGS)
NYSE:NGS
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.25Last Year’s EPS
0.41Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 17, 2025
|% Change Since: -7.96%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial growth and improved asset utilization, with significant increases in rented horsepower and rental revenue. The company provided optimistic guidance for 2025, indicating continued growth. However, the lowlights include a decline in sales adjusted gross margin and challenges with fabrication operations. Despite these challenges, the overall sentiment is positive due to the strong growth trajectory and improved financial metrics.Company Guidance
During the Natural Gas Services Group's Q4 2024 earnings call held on March 18, 2025, the company provided optimistic guidance for growth in 2025 and 2026. The CEO, Justin Jacobs, highlighted significant metrics such as a rental revenue increase of 36% year-over-year to $144.2 million, with rented horsepower growing by 17% from 2023 and 55% since 2022. The adjusted EBITDA rose by 52% to $69.5 million in 2024 compared to 2023. The company expects to see continued growth with guidance for adjusted EBITDA in 2025 ranging from $74 million to $78 million, representing a nearly 10% increase over 2024. Additionally, the growth CapEx for 2025 is projected between $95 million to $120 million, primarily for large horsepower units under contract, indicating a substantial increase from previous years. Horsepower utilization improved to 82.1%, and the company plans to deploy a significant portion of its fleet in the second half of 2025, with expectations of entering 2026 as a significantly larger business.Record-Breaking Growth in Rented Horsepower
Closed 2024 with almost 492,000 rented horsepower, a 17% growth over last year and 55% over two years. Horsepower utilization improved to 82.1% from 80.8% in 2023 and 74.8% in 2022.
Significant Increase in Rental Revenue
Rental revenue in 2024 was $144.2 million, up 36% from 2023 and 94% from 2022. Rental adjusted gross margin in 2024 was 60.5%, which is 650 basis points higher than 2023 and more than 1,000 basis points higher than 2022.
Strong Financial Performance
Adjusted EBITDA reported as $69.5 million in 2024, a 52% increase from 2023 and 138% from 2022. Net income for the quarter was $2.9 million, up 68% year-on-year.
Improved Asset Utilization
Successfully reduced accounts receivable by $23.6 million, with days sales outstanding dropping from nearly 100 days at year-end 2023 to 35 days at year-end 2024.
Strong Guidance for 2025
Guiding to adjusted EBITDA in the range of $74 million to $78 million, representing just under a 10% increase over 2024. Growth CapEx expected between $95 million to $120 million.
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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 |
|---|---|---|---|
| Mar 17, 2025 | $23.63 | $21.83 | -7.62% |
| 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% |
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 May 19, 2025, TBA Not Confirmed.
What is Natural Gas Services Group (NGS) earnings time?
Natural Gas Services Group (NGS) earnings time is at May 19, 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 2025 (Q1) is 0.25.
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