Natural Gas Services Group (NGS)
NYSE:NGS
Earnings Data
Report Date
May 18, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.45Last Year’s EPS
0.38Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call emphasized strong operational execution and record financial results (rented horsepower +14%, record utilization 84.9%, record adjusted EBITDA and net income), continued fleet expansion and contracted deployments, return of capital to shareholders, and balance sheet flexibility. The principal negatives were a one-time physical inventory adjustment that depressed Q4 margin percentages (~300 bps), a $2.6M non-cash impairment on a property, an increased effective tax rate (~+4.4 percentage points YoY), higher maintenance capital needs as the fleet ages, and supply-chain lead-time challenges for certain high-end engines (>100 weeks). Management characterized the inventory issue as addressed and reiterated guidance and confidence for 2026 (adjusted EBITDA $90.5M–$95.5M), leaving the overall tone optimistic.Company Guidance
Record Rented Horsepower and High Utilization
Rented horsepower reached ~563,000 at year-end 2025, a 14% increase year-over-year, with fleet utilization at a record 84.9%.
Strong Rental Revenue Growth
Fourth-quarter rental revenue of $44.3 million, up ~16% year-over-year; full-year rental revenue of $164.3 million, up $20.1 million or 14% versus 2024.
Record Adjusted EBITDA and Net Income
Adjusted EBITDA was a record $21.2 million in Q4 and $81.0 million for full-year 2025 (at the high end of guidance); net income totaled $19.9 million, or $1.57 per diluted share, a company record.
Fleet Expansion and Contracted Deployments
Added ~70,000 horsepower in 2025 (more than half in Q4); large-horsepower electric units were ~30% of additions. Company is contracted to deploy 50,000 horsepower in 2026.
Monetization and Return of Capital
Received confirmation/monetization of $12.3 million income tax refund (received in 2026) and associated interest; initiated dividend program in H2 2025 and increased the dividend by 10% in Q4, returning ~$2.6 million to shareholders.
Margin and Revenue Mix Improvements
Adjusted rental gross margin increased $12.3 million (14% year-over-year) to $99.6 million for 2025; rental revenue per horsepower improved ~3% in Q4 driven by new deployments, renewals with higher rates, and mix shift to large-horsepower units.
Capital Deployment Focused on High-Return Growth
Full-year capital expenditures totaled $121.5 million, with ~$109.8 million in growth CapEx for new large-horsepower units; 2026 growth CapEx guidance of $55–$70 million, and maintenance CapEx guidance of $15–$18 million.
Balance Sheet Strength and Low Leverage
Company maintains leverage on the low end of public compression peers, supporting continued growth, shareholder returns, and the ability to pursue strategic M&A.
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
NGS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 16, 2026 | $36.60 | $36.81 | +0.57% |
Nov 11, 2025 | $28.01 | $29.51 | +5.36% |
Aug 12, 2025 | $24.86 | $25.42 | +2.28% |
May 12, 2025 | $21.36 | $25.30 | +18.44% |
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.
FAQ
When does Natural Gas Services Group (NGS) report earnings?
Natural Gas Services Group (NGS) is schdueled to report earning on May 18, 2026, Before Open (Confirmed).
What is Natural Gas Services Group (NGS) earnings time?
Natural Gas Services Group (NGS) earnings time is at May 18, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is NGS EPS forecast?
NGS EPS forecast for the fiscal quarter 2026 (Q1) is 0.45.