NYSE$NGS

Natural Gas Services Group · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Natural Gas Services Group reported higher revenue and net income for the second quarter of 2025 driven by increased rental activity.

Natural Gas Services Group achieved total revenue of $41.4 million in Q2 2025, up from $38.5 million in the prior year period, with rental revenue comprising 95.6% of the total. Net income rose to $5.2 million and operating income reached $9.9 million, supported by higher horsepower utilization and fleet expansion. The company maintained compliance with its credit facility covenants while investing in additional rental equipment.

  • Rental revenue increased 13.3% year-over-year to $39.6 million on 9.7% growth in rented horsepower.
  • Horsepower utilization improved to 83.6% from 82.3% as the company added higher-horsepower units.
  • Net income grew 22.1% to $5.2 million with diluted EPS of $0.41.
  • Net borrowings under the credit facility rose to $182 million with $172.3 million of availability remaining.

Headline financials

Total Revenue

$41.4M

Previous: $38.5M+7.5%
EPS (adj)

$0.41

Previous: $0.34+20.6%
Horsepower utilization

83.6%

No prior period
Units utilized

1.2K

No prior period
Rented horsepower

498.7K

No prior period
Fleet horsepower

596.3K

No prior period
Fleet units

1.8K

No prior period
Unit utilization

65.4%

No prior period
Capital Expenditures

-$45.1M

Previous: -$28.3M-59.5%
Net Income

$5.19M

Previous: $4.25M+22.1%
Operating Income

$9.92M

Previous: $8.51M+16.7%
Cash & Equivalents

$325K

Previous: $3.62M-91.0%
Total Assets

$526M

Previous: $489M+7.4%

Revenue & EPS history

NGS · Revenue · Quarterly

$41.4M

Q2 2025+7.5%vs Q2 2024
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

NGS · $41.4M total across 3 segments · Q2 2025

  • Rental
    $39.6M
  • Aftermarket services
    $1.05M
  • Sales
    $750K

Forward guidance

Management expects continued demand for high-horsepower units assuming stable crude oil prices.

Tailwinds

  • Growing utilization of larger compressor units
  • Expanded credit facility capacity to $400 million

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports

Historical avg

+1.7%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+3.7%

Avg return

30 days after

57%

37 / 65 earnings

Positive

+39.4%

Q2 2020

Best reaction

-9.1%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026+2.7%+9.2%+6.9%
Q4 2025+0.5%+7.1%+3.5%
Q3 2025-7.7%-2.7%+10.3%
Q1 2025+1.5%-3.1%+9.8%
Q4 2024-7.6%-8.4%-17.5%
Q3 2024+3.5%+6.5%+7.3%
Q2 2024+11.2%+17.6%+3.7%
Q1 2024+6.4%+3.7%-15.7%
Q4 2023+17.2%+21.6%+15.5%
Q3 2023+6.7%+1.2%-11.6%
Q2 2023+6.1%+8.1%+10.1%
Q1 2023-1.5%+5.2%-5.0%
Q4 2022+4.5%+2.8%+2.0%
Q3 2022-5.9%-13.2%-1.9%
Q2 2022+1.0%+4.3%-1.3%
Q1 2022+4.9%+4.8%+8.9%
Q4 2021-5.0%-2.9%+15.4%
Q3 2021-4.1%-5.4%-16.1%
Q2 2021-0.3%-1.5%-1.9%
Q1 2021+8.5%+8.6%+16.2%
Q4 2020+2.7%+2.8%-0.9%
Q3 2020-2.1%-1.6%-0.1%
Q2 2020+39.4%+26.4%+35.8%
Q1 2020+9.6%+6.9%+39.5%
Q4 2019-6.3%-2.7%+28.5%
Q3 2019-9.1%-8.5%-6.4%
Q2 2019-4.2%-13.8%-16.0%
Q1 2019+0.4%-2.3%-1.9%
Q4 2018-1.7%-3.2%-5.1%
Q3 2018+2.9%+5.8%+0.9%
Q2 2018+0.4%-1.1%-1.1%
Q1 2018-2.4%-4.2%-9.2%
Q4 2017-0.2%-4.5%-10.9%
Q3 2017-1.3%-0.9%-5.8%
Q2 2017+3.7%+1.6%-1.4%
Q1 2017-3.0%-1.8%+0.0%
Q4 2016+2.1%+0.6%+10.3%
Q3 2016+3.1%+14.5%+44.5%
Q2 2016-0.6%-1.2%+3.1%
Q1 2016+8.8%
Q4 2015+5.1%
Q3 2015+6.5%
Q2 2015+4.4%
Q1 2015-1.1%
Q4 2014+2.4%
Q3 2014+1.5%
Q2 2014-1.6%
Q1 2014-1.6%
Q4 2013-6.3%
Q3 2013-0.0%
Q2 2013+1.1%
Q1 2013+8.8%
Q4 2012+3.4%
Q3 2012-0.7%
Q2 2012-0.2%
Q1 2011+14.2%
Q1 2012+0.5%
Q4 2009-5.5%
Q4 2011-5.5%
Q3 2011-5.9%
Q3 2010-5.9%
Q4 2010+0.2%
Q2 2010+0.2%
Q2 2011+0.2%
Q1 2010+14.1%

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