Natural Gas Services Group, Inc. delivered a record-setting second quarter in 2025, driven by increased rental revenue and strong operational discipline. The company reported significant year-over-year increases in rental revenue, net income, and Adjusted EBITDA, leading to an upward revision of its full-year 2025 Adjusted EBITDA guidance.
Natural Gas Services Group, Inc. reported a strong first quarter for 2025, with total revenue increasing to $41.383 million and net income reaching $4.854 million. The company's rental revenue, a primary focus, saw a significant increase, contributing to improved adjusted gross margins. Despite a decrease in sales and aftermarket services revenue, the overall financial performance was positive.
Natural Gas Services Group (NGS) saw a 12% increase in total revenue for Q4 2024, reaching $40.7 million. Net income rose to $2.9 million, marking a 68% year-over-year improvement. The company also reported record-high adjusted EBITDA of $18.0 million. Strong rental fleet expansion and operational efficiencies contributed to these results. Looking ahead, NGS expects continued growth, with significant capital investments planned for 2025 to support further expansion.
NGS reported a strong Q1 2024, exceeding expectations with significant revenue and EPS growth. The company benefited from increased demand across its segments and effective cost management.