Natural Gas Services Group Inc (NGS) financial statements: income statement, balance sheet and cash flow
Natural Gas Services Group Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Natural Gas Services Group Inc reported revenue of $172.3M (+9.9% year on year) and net income of $19.9M (+15.7% year on year).
Income statement
Natural Gas Services Group Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Rental
$164.3M
$144.2M
$106.2M
—
Total revenue from contracts with customers
$8.0M
$12.5M
$15.0M
—
Total revenue
$172.3M
$156.7M
$121.2M
$84.8M
Rental
$64.7M
$56.9M
$48.9M
$37.8M
Sales
$4.2M
$7.9M
$8.9M
$7.7M
Aftermarket services
$2.8M
$4.0M
$4.7M
$957.0K
Total cost of revenues (excluding depreciation and amortization)
$71.8M
$68.8M
—
—
Selling, general and administrative expenses
$22.4M
$21.0M
$16.5M
$13.6M
Depreciation and amortization
$36.7M
$31.3M
$26.6M
$24.1M
Impairments
$2.6M
$841.0K
$779.0K
—
Inventory allowance
$1.1M
$1.9M
$4.0M
$83.0K
Retirement of rental equipment
$728.0K
$28.0K
$505.0K
$196.0K
Gain on disposition of assets, net
($270.0K)
($430.0K)
—
—
Total operating costs and expenses
$135.0M
$123.4M
$110.7M
$84.4M
Operating income
$37.3M
$33.3M
$10.5M
$431.0K
Interest expense
($13.6M)
($11.9M)
($4.1M)
($364.0K)
Interest income
$2.4M
—
—
—
Other income (expense), net
$354.0K
$268.0K
$245.0K
($108.0K)
Total other expense, net
($10.8M)
($11.7M)
($3.8M)
($472.0K)
Income before income taxes
$26.5M
$21.7M
$6.6M
($41.0K)
Provision for income taxes
($6.6M)
($4.4M)
($1.9M)
($528.0K)
Net income
$19.9M
$17.2M
$4.7M
($569.0K)
Basic (in dollars per share)
$1.59
$1.39
$0.39
-$0.05
Diluted (in dollars per share)
$1.57
$1.37
$0.38
-$0.05
Basic (in shares)
12.5M
12.4M
12.3M
12.3M
Diluted (in shares)
12.7M
12.6M
12.4M
12.3M
Natural Gas Services Group Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Rental
$49.4M
$47.1M
$41.5M
$39.6M
Revenue from contract with customer, excluding assessed tax
$2.0M
$1.4M
$1.9M
$1.8M
Total revenue
$51.4M
$48.5M
$43.4M
$41.4M
Rental
$19.2M
$17.1M
$16.0M
$15.5M
Sales
$664.0K
$624.0K
$448.0K
$911.0K
Aftermarket services
$709.0K
$505.0K
$1.2M
$720.0K
Total cost of revenues (excluding depreciation and amortization)
$20.6M
$18.2M
$17.6M
$17.2M
Selling, general and administrative expense
$9.9M
$6.5M
$5.9M
$5.5M
Depreciation and amortization
$11.0M
$10.3M
$9.2M
$9.0M
Inventory allowance
$0
$0
$0
$0
Retirement of rental equipment
$0
$412.0K
$0
$0
Gain on disposition of assets, net
($1.0K)
($70.0K)
($46.0K)
($124.0K)
Total operating costs and expenses
$41.5M
$35.4M
$32.6M
$31.5M
Operating income
$9.9M
$13.1M
$10.8M
$9.9M
Interest expense
($4.4M)
($4.0M)
($3.4M)
($3.2M)
Interest income
$36.0K
—
—
—
Other income (expense)
$29.0K
($126.0K)
$222.0K
$104.0K
Total other income (expense), net
($4.4M)
($4.2M)
($3.2M)
($3.1M)
Income before income taxes
$5.5M
$8.9M
$7.6M
$6.8M
Provision for income taxes
($1.7M)
($2.2M)
($1.8M)
($1.6M)
Net income
$3.8M
$6.8M
$5.8M
$5.2M
Basic (in dollars per share)
$0.30
$0.54
$0.46
$0.42
Diluted (in dollars per share)
$0.30
$0.53
$0.46
$0.41
Basic (in shares)
12.7M
12.6M
12.5M
12.5M
Diluted (in shares)
12.8M
12.7M
12.7M
12.6M
Balance sheet
Natural Gas Services Group Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$0
$2.1M
$2.7M
$3.4M
Trade accounts receivable, net of provision for credit losses
$18.5M
$15.6M
$39.2M
$14.7M
Inventory, net of allowance for obsolescence
$20.6M
$18.1M
$21.6M
$23.4M
Income taxes receivable and prepayments
$14.1M
$11.3M
$11.5M
$11.5M
Prepaid expenses and other
$1.7M
$1.1M
$1.2M
$1.1M
Assets held for sale
$2.2M
—
—
—
Total current assets
$57.1M
$48.2M
$76.3M
$54.1M
Long-term inventory, net of allowance for obsolescence
$0
$0
$701.0K
$1.6M
Rental equipment, net of accumulated depreciation
$498.5M
$415.0M
$373.6M
$246.4M
Property and equipment, net of accumulated depreciation
$20.5M
$23.0M
$20.6M
—
Other assets
$10.6M
$6.3M
$6.8M
$2.7M
Total assets
$586.8M
$492.5M
$478.7M
$328.2M
Accounts payable
$14.0M
$9.7M
$17.6M
$6.5M
Accrued liabilities
$10.5M
$7.7M
$15.1M
$23.7M
Total current liabilities
$24.5M
$17.4M
$32.7M
$30.4M
Long-term debt
$230.0M
$170.0M
$164.0M
$25.0M
Deferred income taxes
$52.5M
$45.9M
$41.6M
$39.8M
Other long-term liabilities
$5.0M
$4.2M
$4.5M
$2.8M
Total liabilities
$312.1M
$237.5M
$242.8M
$98.2M
Preferred stock, 5,000 shares authorized, no shares issued or outstanding
0
0
0
0
Common stock, 30,000 shares authorized, par value $0.01; 13,883 and 13,762 shares issued, as of December 31, 2025 and 2024, respectively
138.0K
138.0K
137.0K
135.0K
Additional paid-in capital
$120.8M
$118.4M
$116.5M
$115.4M
Retained earnings
$168.8M
$151.5M
$134.3M
$129.5M
Treasury stock, at cost, 1,310 shares for each of December 31, 2025 and 2024, respectively
-15.0M
-15.0M
-15.0M
-15.0M
Total stockholders’ equity
$274.7M
$255.1M
$235.9M
$230.1M
Total liabilities and stockholders’ equity
$586.8M
$492.5M
$478.7M
$328.2M
Natural Gas Services Group Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$84.0K
$2.3M
$0
$325.0K
Trade accounts receivable, net of provision for credit losses
$22.0M
$22.9M
$13.6M
$13.7M
Inventory, net of allowance for obsolescence
$29.1M
$21.8M
$21.5M
$18.3M
Income taxes receivable and prepayments
$445.0K
$1.7M
$11.4M
$11.4M
Prepaid expenses and other
$3.0M
$3.4M
$2.2M
$2.8M
Assets held for sale
$11.0M
$11.0M
$2.2M
$2.2M
Total current assets
$65.7M
$63.1M
$51.0M
$48.9M
Long-term inventory, net of allowance for obsolescence
$0
$0
$0
$0
Rental equipment, net of accumulated depreciation
$613.8M
$503.0M
$479.4M
$447.0M
Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization
$22.0M
—
—
—
Goodwill
$824.0K
—
—
—
Intangible assets, net of accumulated amortization
$1.1M
—
—
—
Other assets
$14.9M
$10.8M
$9.4M
$7.0M
Total assets
$718.3M
$588.9M
$562.3M
$525.5M
Accounts payable
$16.7M
$11.5M
$12.3M
$14.5M
Accrued liabilities
$16.0M
$11.8M
$15.5M
$10.3M
Total current liabilities
$32.6M
$23.3M
$27.8M
$24.8M
Long-term debt
$328.0M
$226.0M
$208.0M
$182.0M
Deferred income taxes
$56.8M
$54.7M
$50.7M
$48.9M
Other long-term liabilities
$6.4M
$4.4M
$4.4M
$3.6M
Total liabilities
$423.9M
$308.4M
$290.9M
$259.3M
Preferred stock, 5,000 shares authorized, no shares issued or outstanding
0
0
0
0
Common stock, 30,000 shares authorized, par value $0.01; 14,207 and 13,883 shares issued, respectively
142.0K
139.0K
138.0K
138.0K
Additional paid-in capital
$133.3M
$121.3M
$120.2M
$119.5M
Retained earnings
$176.1M
$174.1M
$166.1M
$161.6M
Treasury shares, at cost, 1,310 shares for each of the dates presented, respectively
-15.0M
-15.0M
-15.0M
-15.0M
Total stockholders’ equity
$294.5M
$280.5M
$271.4M
$266.2M
Total liabilities and stockholders’ equity
$718.3M
$588.9M
$562.3M
$525.5M
Cash flow statement
Natural Gas Services Group Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$19.9M
$17.2M
$4.7M
($569.0K)
Depreciation and amortization
$36.7M
$31.3M
$26.6M
$24.1M
Impairments
$2.6M
$841.0K
$779.0K
—
Inventory allowance
$1.1M
$1.9M
$4.0M
$83.0K
Retirement of rental equipment
$728.0K
$28.0K
$505.0K
$196.0K
Gain on the disposition of assets, net
($270.0K)
($430.0K)
($481.0K)
($250.0K)
Amortization of debt issuance costs
$1.2M
$746.0K
$425.0K
$48.0K
Deferred income taxes
$6.7M
$4.2M
$1.8M
—
Stock-based compensation
$2.1M
$1.8M
$2.1M
$1.9M
Provision for credit losses
$155.0K
$433.0K
$492.0K
—
(Gain) loss on company owned life insurance
($63.0K)
($156.0K)
$235.0K
$389.0K
Trade accounts receivables
($3.0M)
$23.1M
($25.0M)
($4.3M)
Inventory
($3.7M)
$2.5M
($669.0K)
($4.1M)
Prepaid expenses, income taxes receivable and prepayments
($3.4M)
$152.0K
($7.0K)
($250.0K)
Accounts payable and accrued liabilities
$5.6M
($17.7M)
$2.4M
$11.3M
Other
($3.3M)
$477.0K
$174.0K
($31.0K)
NET CASH PROVIDED BY OPERATING ACTIVITIES
$62.9M
$66.5M
$18.0M
$27.8M
Purchase of rental equipment, property and other equipment
($121.5M)
($71.9M)
($153.9M)
($65.1M)
Purchase of company owned life insurance, net
$0
($22.0K)
($422.0K)
($329.0K)
Proceeds received from insurance for damages to equipment
$96.0K
—
—
—
Proceeds from disposition of assets, net
$94.0K
$476.0K
$477.0K
$372.0K
NET CASH USED IN INVESTING ACTIVITIES
($121.3M)
($71.4M)
($153.9M)
($65.1M)
Proceeds from credit facility borrowings
$71.1M
$28.0M
—
—
Repayments of credit facility borrowings
($11.1M)
($22.0M)
—
—
Payments of other long term liabilities
$0
($780.0K)
($95.0K)
—
Payments of debt issuance costs
($1.3M)
($962.0K)
($2.7M)
($77.0K)
Proceeds from exercise of stock options
$168.0K
$293.0K
—
—
Payment of dividends
($2.6M)
—
—
—
Taxes paid related to net share settlement of equity awards
($6.0K)
($178.0K)
($983.0K)
($515.0K)
NET CASH PROVIDED BY FINANCING ACTIVITIES
$56.2M
$4.4M
$135.2M
$17.7M
NET CHANGE IN CASH AND CASH EQUIVALENTS
($2.1M)
($604.0K)
($626.0K)
($19.6M)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD
$2.1M
$2.7M
$3.4M
$22.9M
CASH AND CASH EQUIVALENTS AT END OF PERIOD
$0
$2.1M
$2.7M
$3.4M
Interest paid
$14.8M
$18.4M
$7.1M
$276.0K
Income taxes paid, net of refunds received
$259.0K
$0
—
—
Transfer of rental equipment to inventory
$0
$51.0K
$665.0K
—
Transfer of right of use assets to property and equipment
$0
$2.6M
—
—
Transfer of property and equipment to assets held for sale
$2.2M
—
—
—
Accrued purchases of property and equipment
$2.0M
$2.7M
—
—
Right of use assets acquired through a finance lease
$0
$2.2M
$1.1M
—
Right of use assets acquired through an operating lease
$2.0M
$563.0K
$63.0K
$229.0K
Natural Gas Services Group Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$10.6M
$6.8M
$15.8M
$10.0M
Depreciation and amortization
$21.3M
$10.3M
$26.9M
$17.6M
Inventory allowance
$0
$0
$61.0K
$61.0K
Retirement of rental equipment
$412.0K
$412.0K
$728.0K
$728.0K
Gain on disposition of assets, net
($71.0K)
($70.0K)
($224.0K)
($178.0K)
Amortization of debt issuance costs
$695.0K
$325.0K
$838.0K
$506.0K
Deferred income taxes
$3.9M
$2.1M
$4.8M
$3.0M
Stock-based compensation
$1.4M
$579.0K
$1.6M
$938.0K
Provision for credit losses
$88.0K
$88.0K
$241.0K
$208.0K
Loss (gain) on company owned life insurance
$103.0K
$125.0K
($57.0K)
($17.0K)
Trade accounts receivables
($863.0K)
($4.5M)
$1.8M
$1.7M
Inventory
($1.6M)
($1.1M)
($3.5M)
($344.0K)
Prepaid expenses, income taxes receivable and prepayments
$12.5M
$10.7M
($1.3M)
($1.9M)
Accounts payable and accrued liabilities
$2.3M
($1.4M)
$3.9M
$513.0K
Other
($2.3M)
($1.3M)
($2.4M)
($589.0K)
NET CASH PROVIDED BY OPERATING ACTIVITIES
$48.5M
$23.0M
$49.1M
$32.3M
Purchases of rental equipment, property and other equipment
($34.0M)
($15.2M)
($86.9M)
($45.1M)
Acquisition, net of cash acquired
($108.7M)
—
—
—
Proceeds received from insurance for damages to equipment
$0
—
$96.0K
$99.0K
Proceeds from disposition of assets, net
$37.0K
$37.0K
$9.0K
$4.0K
NET CASH USED IN INVESTING ACTIVITIES
($142.7M)
($15.2M)
($86.8M)
($45.0M)
Proceeds from credit facility borrowings
$134.5M
$9.0M
$48.1M
$23.1M
Repayments of credit facility borrowings
($36.5M)
($13.0M)
($10.1M)
($11.1M)
Payments of debt issuance costs
($1.1M)
($1.0K)
($1.3M)
($1.2M)
Proceeds from exercise of stock options
$1.0M
$67.0K
$155.0K
$75.0K
Payment of dividends
($3.3M)
($1.4M)
($1.3M)
—
Taxes paid related to net share settlement of equity awards
($388.0K)
($195.0K)
($6.0K)
($6.0K)
NET CASH PROVIDED BY FINANCING ACTIVITIES
$94.3M
($5.5M)
$35.6M
$10.9M
NET CHANGE IN CASH AND CASH EQUIVALENTS
$84.0K
$2.3M
($2.1M)
($1.8M)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD
$0
$0
$2.1M
$2.1M
CASH AND CASH EQUIVALENTS AT END OF PERIOD
$84.0K
$2.3M
$0
$325.0K
Interest paid, net of amounts capitalized
$7.4M
$3.7M
$10.7M
$7.0M
Income taxes paid, net of (refunds) received
($11.6M)
($10.2M)
—
—
Transfer of property and equipment to assets held for sale
$8.8M
$8.8M
—
—
Accrued purchases of property and equipment
$3.0M
$228.0K
$6.9M
$7.3M
Right of use assets acquired through an operating lease
$1.6M
—
$1.1M
—
Common stock issued in connection with acquisition
10.0M
—
—
—
Common stock issued to settle liability-classified awards