Natural Gas Services Group Inc (NGS) Financial Statements
Industry: Oil & Gas Field Services (Other)
In fiscal 2025, Natural Gas Services reported revenue of $172.3M, up 9.9% from $156.7M the year before. Net income was $19.9M (a 11.6% net margin), or $1.57 per diluted share. Gross margin was 21.6% and operating margin was 21.6%. Operating activities generated $62.9M of cash, leaving -$58.6M of free cash flow. At fiscal year end, Natural Gas Services held $586.8M in total assets against $312.1M in total liabilities, including $0 of cash and equivalents.
Open the full interactive Natural Gas Services financials → Quarterly statements, key ratios, valuation history and price charts.
Natural Gas Services Key Stats
| Share Price | $33.34 |
|---|---|
| Market Cap | $428.2M |
| P/E Ratio | 21.2 |
| Dividend Yield | 0.62% |
| Revenue YoY Growth | +9.9% |
| 52-Week Range | $25.49 – $43.95 |
| Shares Outstanding | 12.7 million (basic, 2026 Q2) |
Natural Gas Services Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $68.1M | $72.4M | $84.8M | $121.2M | $156.7M | $172.3M |
| Cost of Goods Sold | $71.7M | $84.8M | $84.4M | $110.7M | $123.4M | $135.0M |
| Gross Profit | -$3.6M | -$12.4M | $431,000 | $10.5M | $33.3M | $37.3M |
| Operating Income | -$3.6M | -$12.4M | $431,000 | $10.5M | $33.3M | $37.3M |
| Pre-Tax Income | -$3.0M | -$11.8M | -$41,000 | $6.6M | $21.7M | $26.5M |
| Income Tax | -$4.8M | -$2.6M | $528,000 | $1.9M | $4.4M | $6.6M |
| Net Income | $1.8M | -$9.2M | -$569,000 | $4.7M | $17.2M | $19.9M |
| Diluted EPS | $0.14 | -$0.70 | -$0.05 | $0.38 | $1.37 | $1.57 |
Natural Gas Services Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $43.4M | $46.1M | $48.5M | $51.4M |
| Net Income | $5.8M | $4.1M | $6.8M | $3.8M |
| Diluted EPS | $0.46 | $0.32 | $0.53 | $0.30 |
Natural Gas Services Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $28.9M | $22.9M | $3.4M | $2.7M | $2.1M | $0 |
| Current Assets | $72.7M | $65.1M | $54.1M | $76.3M | $48.2M | $57.1M |
| Total Assets | $306.8M | $298.5M | $328.2M | $478.7M | $492.5M | $586.8M |
| Current Liabilities | $10.9M | $20.3M | $30.4M | $32.7M | $17.4M | $24.5M |
| Total Long-Term Debt | — | — | $25.0M | $164.0M | $170.0M | $230.0M |
| Total Liabilities | $55.3M | $62.6M | $98.2M | $242.8M | $237.5M | $312.1M |
| Shareholders' Equity | $251.5M | $235.9M | $230.1M | $235.9M | $255.1M | $274.7M |
Natural Gas Services Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $32.6M | $28.5M | $27.8M | $18.0M | $66.5M | $62.9M |
| Cash From Investing | -$15.2M | -$25.7M | -$65.1M | -$153.9M | -$71.4M | -$121.3M |
| Cash From Financing | -$157,000 | -$8.8M | $17.7M | $135.2M | $4.4M | $56.2M |
| Free Cash Flow | $17.4M | $2.8M | -$37.4M | -$135.9M | -$5.4M | -$58.6M |
| Dividends Paid | — | — | — | — | — | $2.6M |
Figures from Natural Gas Services' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Natural Gas Services financials page for every line item.
Natural Gas Services Company Profile
| Ticker | NGS |
|---|---|
| Exchange | NYSE |
| Industry | Oil & Gas Field Services (Other) |
| Headquarters | Midland, Texas |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001084991 |
Frequently Asked Questions
What was Natural Gas Services' revenue in fiscal 2025?
Natural Gas Services (NGS) reported revenue of $172.3M for fiscal 2025.
What is Natural Gas Services' annual revenue history?
Natural Gas Services' annual revenue by fiscal year: 2020: $68.1M; 2021: $72.4M; 2022: $84.8M; 2023: $121.2M; 2024: $156.7M; 2025: $172.3M.
What was Natural Gas Services' net income in fiscal 2025?
Natural Gas Services reported net income of $19.9M for fiscal 2025.
What was Natural Gas Services' earnings per share (EPS) in fiscal 2025?
Natural Gas Services' diluted EPS was $1.57 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Natural Gas Services generate in fiscal 2025?
Natural Gas Services generated -$58.6M of free cash flow in fiscal 2025.
What was Natural Gas Services' revenue last quarter?
In its most recent reported quarter (2026 Q2), Natural Gas Services reported revenue of $51.4M.
How much debt does Natural Gas Services have?
Natural Gas Services reported $230.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Natural Gas Services are outstanding?
Natural Gas Services reported a weighted average of 12.7 million basic shares outstanding in 2026 Q2.
What is Natural Gas Services' market cap?
Based on its latest closing price, Natural Gas Services (NGS) has a market capitalization of about $428.2M.
When does Natural Gas Services' fiscal year end?
Natural Gas Services' fiscal year end, as registered with the SEC, is December 31.
Where is Natural Gas Services headquartered?
Natural Gas Services lists its business address in Midland, Texas in its SEC filings.